Not denying your terrorist network comment in the slightest. The house of saud needs to ensure we (US) do not become energy independent. As soon as we do and don’t need them the house of saud “royalty” are all dead and they damn well know it. The house of saud has been living on a razors edge for a very long time.
Oh, believe me, while higher prices would hurt my wallet, an energy independent America would be just fine by me watching Saudi Arabia burn for months at the hands of ISIS. They deserve nothing less.
We need high prices for frakking to come back “alive” and for our rig count to increase as the price is too low today for it to be economical for many companies.
I do not know where but at somewhere above $40 a barrel the fracking will pick up again. Iran needs money they will produce more even at cheaper prices. Oil will not control world politics for some decades.