Wednesday, October 22, 2014

Riyadh using oil as a weapon

Click here to access article by Hassan Chakrani from Al Akhbar.

What is so puzzling to me is the current action of Saudi Arabia, whose Medieval rulers are protected by the Empire, dumping oil on the market causing prices to be very low. This action obviously dovetails nicely with the Empire's economic war on Russia, but it would seem that it also hurts the profits of domestic oil companies, and global oil companies based in the West. These oil companies factor very importantly in shaping ruling class policies of the Empire. So, what gives? Chakrani provides some explanations.