Tag Archives: Politics

Saudi Arabia’s oil war plan hinted

Saudi Arabia and its Sunni allies may right now be boosting oil production, aiming to plunge the market price to as low as US$60 per barrel. The ultimate goal is to cripple the economies of Shiite Iran and Iraq, an insider view suggests. The insight comes from Barton Biggs, hedge fund manager running Traxis Partners, who spoke with a Saudi …

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