Saudi Arabia’s War On Shale Never Ended

By Kurt Cobb Last week, when Saudi Arabia let it leak that the kingdom has no intention of leading OPEC toward another cut in production to accommodate the growing volumes of oil from American shale deposits, it was another sign that the Saudi war on shale actually never ended. To properly understand this announcement, we need to return to last fall. Most people believed then that the cuts agreed to by OPEC under Saudi leadership marked the end of Saudi Arabia’s war on shale oil in America. At the time I cautioned against such a conclusion, and said I was doubtful…

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