04-28-2016, 11:28 AM
3d wrote:
So Saudi Arabia is no longer trying to punish Iran by driving the price of oil down to below Iran's break even point? Or was that all BS?
It wasn't about Iran. (Mostly.)
OPEC nations conspired to bring prices down to hurt American oil companies and to compel American companies to shut down wells.
Damaging Iran's economy was certainly a consideration, but not the main reason.