Shrill campaigns against the Gulf will not work | GulfNews.com

Shrill campaigns against the Gulf will not work | GulfNews.com:



"As oil prices began to tumble, some countries unleashed media campaigns attacking the GCC countries holding them accountable for the collapse ... as if they are the only oil producers and exporters in the world. These campaigns included reports that distorted facts, false accusations and exaggerations about the expected repercussions on their economies.



The first campaign was unleashed by Iran, and in which its “moderate” President Hassan Rouhani joined the chorus, blaming the fall in global oil prices on some GCC countries, a clear reference to the UAE and Saudi Arabia. He went as far as to threaten the Gulf states — saying they would regret helping in cutting oil prices.



What did the Gulf states do to receive this kind of vituperation? Did they increase production? The facts say certainly not. GCC’s production has remained stable in recent years, while the increased supply actually came from the US and Iraq. Going by what they say, the US should be the one held responsible for the price collapse."



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