This doesn’t help the US, and it doesn’t really help Saudi Arabia or other ME oil producers. So why do it?
Is it just that Obama likes to buy high and sell low to bankrupt the Treasury?
Will hurt the bust of the oil industry even more—and the fracking industry too—so getting a 2-for-the-price-of-1
“So why do it?”
They just want to spend the money. If it weakens the country, all the better for Obama.