“To be more precise OPEC is trying to shut down our fracking.”
Although Use market share (and hence, influence) is important to the Saudi’s it has NOTHING to do with the Saudi’s chopping prices, and opening the taps.
Nor does it have anything to do with Russia, though some would like to believe that.
For the Saudi’s, THIS IS ALL ABOUT ISIS.
ISIS is a dagger pointed straight at Mecca, and the Saudi Royal Family. ISIS gets its money from the sale of oil, and the sale of oil by it’s supporters.
What happened in the OPEC meetings this week was over-shadowed by all of the Ferguson coverage, but tells us everything we need to know.
And the Saudis are trying to get the Russkies out of Syria. Have been for years. With the West’s sanctions in place, this is the time to go for it. This doesn’t have much to do with our fracking, since the Saudis can easily sell to China. This is about power politics in the Middle East.