I think they are selling off oil so that the American shale companies go under (or are so cheap) that they can be bought up by the Oligarchs (Rockefeller, Bush, du Pont, Morgan, Mellon, etc...) for pennies on the dollar. They will be bought through private equities/funds like Blackrock or companies they own indirectly like Carlyle Group.
Stocks are going down in sympathy. And to push Yellen to lower interest rates, possibly go negative. (Which is taking money out of savings accounts instead of adding.)
I agree.
Bush family are behind the Carlyle group and are allied with Saudi Prince Alwaleed.
Alwaleed wants to destroy the emerging US domestic oil production but ...
if you can’t beat them, buy them, which is pretty much what you’re saying but buy them at pennies on the dollar.
Oligarchs never give up power and always seek to control the outcome.
Winner, Winner, Chicken Dinner!