I thought it was the opposite.
Take the view point from Venezuela, Iran...
Actually, there is nothing more than I want to see than a horde of Muslim oil producing countries have to drink their own oil and eat sand for sustenance. Take away their wealth and they are nothing more than 4th century zealots.
lot of countries pay for their lifestyles as a result of oil.
Then take in to account what it costs each to produce.
Saudi Arabia about a dollar a barrel. Russia about 55 a barrel. So if the profit is small, puttie can’t be a bully.
But Saudi Arabia can still pay for its stuff.