Why would they though? They profit just the same from the high prices.
this post was submitted on 03 Oct 2024
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They need the houthis gone and Iran stopped, that doesn't happen till Russia gives up.
Russia is trying to set the middle east on fire to pull support from Ukraine, and the middle east is where the saudis keep all their stuff.
They want $100 a barrel. Russia is selling too much at say $90 a barrel. If the Saudis flood the market so it's only $80 a barrel, it will really fuck Russia's shit up.
Saudis are hoping Russia starts playing their game with the price fixing.
Fun fact, as of last I checked the Russian interest rate was 19% and rising. This will not help.
Hyperinflation, when?
Yeah, exactly. At some point you have to think people will stop borrowing from the government entirely, and then the central bank is in the equivalent of an airplane stall - they can pull the lever all they want, but nothing will happen. When that actually happens is a question for a real economist.
Well, today I learned Russia is converting dinosaur juice into 6,200 disposable soldiers each month. That's depressing as fuck.
Ok but consider that you can turn the soldiers back into juice afterwards. It's not great fuel but it's decent lubricant.
More if you count maimed and disfigured. And that excludes the Ukranians he actively hurts with this.
Think those are rookie numbers, they're hitting 1k days pretty often.
But yeah, we gotta pump those numbers up.
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https://www.politico.eu/article/vladimir-putin-war-economy-pain-saudi-arabia-sink-global-oil-prices-energy-russia-opec/