It's an answer, whether you like it or not, as to why we aren't flipping the Saudis the finger.
The oil tycoons have too much to lose to do such a thing (there, I condensed my original exposition by a considerable amount, do you get it now?) and don't want to change.
-----MOS 19D = cavalry scout = best damn MOS there is
Of interest in the article was this
So as recently as July of this year, they have one position. Then all of a sudden, after a September meeting with John Kerry, the Saudis start driving down the price of oil causing oil prices to spiral downward. Amazing.Because the minister of oil in Saudi Arabia just in July publicly said $100 is a good price for consumers and producers. And less than six months later, the price of oil collapses 50%.
Russians are dependant on oil money, and as the world's largest producer at the moment, cutting oil price belse the cost of production has threatened their economy.
The us gets hurt by this overall because many small producers don't have near infinite sums of money, but will barely touch the big guys.
Let's not forget either that this "glut" of oil reflects just an extra day or two of world consumption and so the price could jump back relatively quickly... If it's desired.
Final note, cartels are good only for the members of the cartel, any benefit to the "customer" of a cartel is coincidental.
They made their money, now our leadership wants to tax it back up to where we are used to paying.
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)