November 14, 2015

Saudi Arabia: We'll keep pumping oil through the pain

saudi arabia
Saudi youths demonstrate a stunt known as "sidewall skiing" (driving on two wheels) in the northern city of Hail, in Saudi Arabia March 30, 2013.
Saudi Arabia's mission to blow everyone out of the oil market isn't over yet.
The country's policy of pumping so much oil that prices stay too low for competitors to make profit has led to losses at big oil companies, suppressed inflation globally and even seen Saudi Arabia's own sovereign debt downgraded.
And it has no plans to stop.

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