cactuspete wrote:In a way we should all thank Russia for the low gas prices. I can't provide documentation for this, but I've been told that our government talked Saudi Arabia into flooding the market with gas in order to drive down prices. The main reason for this was to damage the Russian economy. Between the sanctions and lower gas prices Russia stands to have a difficult time. Gas is their main export and with a reduction in gas revenue they will suffer. The dark side of all this is that Saudi Arabia violates human rights in egregious ways all the time. For instance, they behead people on a routine basis, but we look the other way since they play well with our leaders.
Low oil prices costing Russia
The politics of oil production...