What I’ve heard is that the Saudis are using the low oil prices to wipe out the US competition, which is subject to EPA regs that are killing them. Basically US oil companies are being pinched by the Obama regime that wants to destroy them via EPA regs (which would be a way of keeping the Trans-Canada pipeline from ever being able to be effective) and the Saudis who can offer much better rates for a LONG time if necessary, because they get to play by different rules.
Obama and the rich Islamists squeezing the life out of honest Americans. Who’da thunk it...
In my lifetime, the big oil price jumps coincided with a bad economy (72, 79, 08)
Nobody is going to convince me that high priced energy is good for the USA.