Quote:
Originally Posted by oilyfan
Someone posted an article (not sure in this thread) that talks about the Saudis game plan. It theorizes that the Saudis want to punish three countries: US - for trying to work a nuclear deal with the Iranians, Iran - by reducing the price of oil and their revenue, and Russia who they see as supporting Syria.
I see this as Saudis trying to regain market share, and if the shale and oil sands boom is disrupted, and the Russians are hurt in the process it's a bonus.
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There was a guy on BBC World last night (didn't catch who) suggesting that the punishment of Russia, Iran and Venezuela is the case and that it's being done with US backing.