In other news, junk bonds are crashing.
Iran is not even putting out yet.
Crude Oil - Contracts
http://quotes.wsj.com/futures/CRUDE%20OIL%20-%20ELECTRONIC/contracts
Keeping us energy dependent on the Middle East. Lots of jobs lost in oil-producing states, which post fracking/shale = lot of damage to the economy nationally.
This will also make Saudi Arabia unstable as they go broke in a year or two with prices at this level.
They are TRYING to put the USA energy suppliers out of business.
President Trump would protect that industry AND keep the OPEC nations in check this way, so that oil price would *never* go up to 100 a barrel again
It is ONLY because of our stupid energy policy that we are paying 100 a barrel in the first place. They knew they had us over a barrel because they could charge whatever they want and the USA would not respond
This is how they got so powerful in the first place, when their only other export is sand...