Nevermind U.S. shale, Saudi Arabia’s oil power play targets Iran’s economy

All politics are local, except for oil politics. The Russians think these low oil prices are an American-Saudi conspiracy. American commentators believe that the Saudis have driven down prices to punish North Dakota’s shale oil revolution and drive its high-cost producers out of the game. In Canada, the paranoia in Calgary is that the Saudis and…

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