We in the West have transferred over to Saudi Arabia a great quantum of wealth as represented by the huge chunk of US $ when oil prices soared to $200.00. What are we to wonder about when, if this news item is accurate, they say that they can be quite comfortable if oil were to go down to US $80.00:
https://ca.finance.yahoo.com/news/saudi-arabias-oil-price-policy-101314302.html
At US $80.00 it will distress the Russian economy.
My wife and I are really quite delighted by the petrol prices we have to pay today and we look forward to even more savings.
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