Reply #47: All can be avoided should Saudi Arabia keep oil prices DRAMATICALLY low

[EVDebs]

I've noticed that here in CA our traditionally high gas prices are around $0.40 lower than June prices. There were gas riots in Iran not too long ago. The pressure on the Iranian regime via petroleum pricing would be much more effective, yet I'm hearing that Putin has military treatys with Iran to boot.

Pooty, *'s good 'ole friend, could also assist the Saudis in lowering petroleum prices further. But I'm not seeing any evidence of that right now either. Looks like further grain shipments difficulties could ensue to the former USSR.

The quid pro quo of the Saudi arms deal for billions a week or so ago is .... what ? Lower prices via increased production. Looks like OPEC may have a problem, but who cares really ?