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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.
I think the drop in oil is a power play.
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.