- Saudi Arabia and OPEC are aiming to undercut shale oil production by maintaining current production quotas.
- Saudi Arabia can sustain lower oil profits because it has extremely low production costs.
- An additional reason Saudi Arabia will not blink before multinational oil companies is because of moderate economic diversity through avenues such as religious tourism.
- Saudi Arabia has historically used oil as a tool to advance its geostrategic interests and will continue to do so in 2015 and beyond."
'via Blog this'