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knb comments on Open thread, Jan. 18 - Jan. 24, 2016 - Less Wrong Discussion

4 Post author: MrMind 18 January 2016 09:42AM

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Comment author: RichardKennaway 20 January 2016 02:26:24PM 0 points [-]

Any important dynamics I'm missing?

Saudi Arabia flooded the market in order to reduce the price, in order to combat the benefit to Iran of the raising of sanctions.

Comment author: knb 21 January 2016 09:13:20AM 1 point [-]

That's one argument. Another common argument is that they want to increase their market share and kill the US tight oil industry.