EJLarson
Registered
- Joined
- Sep 26, 2015
- Messages
- 736
- Likes
- 1,213
Having worked in the US oil business for many years, I can assure you that the Saudi's move to kill fracking was not done "with" the USA. They have a history of opening their taps to lower oil prices whenever they feel that their interests (lots and lots of money from selling easily-obtainable oil) are threatened by new technology. As that technology is usually in service of high-cost extraction (tar sands, shale oil, etc.) it usually works, at least temporarily, because no company will produce oil below its extraction cost for long.I wouldn't prise Saudis, they are the worst bunch on the planet. And of course they are not doing that against but with USA.
Otherwise I agree, that is time for certain "socialists" to go and this might help. However, I don't see bright future for Venezuela any time soon.