Saudi and Iranian discounts to their best customers indicate that they feel pressure to lower their costs.
Lower selling price equals a lower income to the state treasury which means less funding for state welfare programs, and eventually, to terrorist “charities”.
How about we use our new technology to become energy independent then destroy all the petroleum distribution infrastructure in all the middle eastern countries? Put the Saudi “Royal” family’s income to zero along with the ISIsholes. Make every building in Qatar a steam room. Watch the Ferraris rot on the side of the road in Bahrain. Let the whole group of overly black hair dyed robe wearing pukes turn grey because they have no cash flow.
I’m not saying we keep them that way. Let’s be compassionate, they can restart their oil distribution if no person is murdered in the name of Islam for a year.
Dont bargain with those that cannot be bargained with because they no longer fear you. Crush them.
Oh wait Never mind...
Of course, this is not good news for the Russians, who need the money from their oil exports.
It is amazing to see how much the premium for Brent crude relative to regular crude has narrowed so much.
This morning oil was trading for less than $85.00/barrel.
Watch Obola try to take credit on behalf of the Dems in the next three weeks for lower gas prices!
A middle-east oil price war is good for American consumers in the short term, but could become a drag on US domestic energy production over the longer term.
This could be part of the next step against Russia.
82 cents is a trim, hardly a slash. What would a $20 per barrel cut be called when you have used up all your hyperbole on tiny things? Is the language of football reporting to be used for everything? A one point “massacre?”