Another theory on oil is an invisible "Terrorism Tax" that traders are plugging in to their algorithms. They are hedging their risks in case Saudi Arabia is hit by terrorism.
Besides watching OPEC watch the Saudis, no they are not the same. The Saudis have always wanted to keep prices low so that their investments in the US will not crash.
If they pull their money......
re: If they pull their money
Where would they put it? Aren't we still just about the only nation on earth with honest assets to back investments? I'm serious, I don't understand all this. Don't we still produce more goods and services than any other people in the world?