[Billthedrill]

The Saudis have lowered prices before in order to drive shale production offline, at least for a few years. God bless the free market.

I can't really cry about less money finding its way into the coffers of Islamist terrorism, though.

[Straight Vermonter]

The Saudis have lowered prices before in order to drive shale production offline, at least for a few years. God bless the free market.

They are not in the same situation anymore. The price to avoid an "Arab Spring" in Saudi was big increases in welfare spending. Today, lower prices are not a matter of accepting lower surpluses but of the Kingdom actually running deficits.