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King Abdullah, the ailing monarch of Saudi Arabia whose country is playing a power game with its oil
Thu, Jan 15, 2015 Andrés Cala (Consortium News) 1,857

This article originally appeared at Consortium News


American motorists are enjoying the lowest gasoline prices since the depths of the Great Recession in 2008-09, but Saudi Arabia’s strategy of keeping its oil production high and prices low – and thus punishing some of its geopolitical and economic rivals – may have a number of unintended and unpleasant consequences.