Wednesday, 7 January 2015

Mike Whitney: Oil. US-Saudi Subterfuge Send Stocks and Credit Reeling

December 17, 2014

“John Kerry, the US Secretary of State, allegedly struck a deal with King Abdullah in September under which the Saudis would sell crude at below the prevailing market price. That would help explain why the price has been falling at a time when, given the turmoil in Iraq and Syria caused by Islamic State, it wouldnormally have been rising.”

Stakes are high as US plays the oil card against Iran and Russia.
- Larry Eliot, Guardian.




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