> This may explain Saudi Arabia’s unusual hints to market participants recently that it was comfortable with sub-$90-a-barrel oil prices — it doesn’t want to admit that its power to shift the price has been eroded.
This isn’t about shale oil production or threat to OPEC pricing hegemony — it’s about every Arab country being at or near the tipping point, and a need to undermine the funding of the jihadists, including the jihadist regime in Iran.
Well, except that Obama is planning on dropping sanctions on Iran