Game of chicken, mostly against Iran and Russia.
We’re further down the line, but we’re there.
Re: “Game of chicken, mostly against Iran and Russia.”
I don’t get it.
What game?
Iran is in OPEC, and nominally supports this policy.
And Iran and Russia have very deficient and very poorly maintained infrastructure, so there is no imminent threat that they will increase production.
So, Saudi Arabia and the other wealthy sheikdoms decided to take a 50% income haircut to make some kind of vague political statement?
Sorry, I just don’t get it.
Good point. I wonder when and how Russia and Iran will respond?