knb comments on Open thread, Jan. 18 - Jan. 24, 2016 - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (201)
Saudi Arabia flooded the market in order to reduce the price, in order to combat the benefit to Iran of the raising of sanctions.
That's one argument. Another common argument is that they want to increase their market share and kill the US tight oil industry.