lower fuel prices also mean
CHEAPER FLIGHTS
CHEAPER DRIVING
CHEAPER MANUFACTURING COSTS
CHEAPER FOOD DUE TO CHEAPER SHIPPING COSTS
I think the Saudis are doing it to drive Fracking out of business, it will become too expensive to frack because Saudi oil is cheaper
they did that to Texas! In the 1970’s, remember? All you people over 55? Texas oil became too expensive because American wages were too high to keep pumping oil that the saudis put out for pennies on the dollar
Not happening yet, and reports seem to indicate it won't happen soon. But, we will see...
I guess our governor decided against fracking for NY State at the right time. The economy-challenged eco-freaks were cheering their heads off and taking the credit last night but we may have been saved by the bell.
Its to hurt the US, but mostly Russia, Iraq, and Iran. They want to hurt the OPEC and non OPEC companies who were not playing by the rules. Saudis can take us and the rest of the world to the mats.
I dont think they really want to do that, but we also do not know what goes on behind closed doors in the Kingdom.