Remove 2016 Remove Economy Remove Lebanon Remove Purchase
article thumbnail

Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

percent in 2016. National oil producers can and are shifting the cost of the lowered prices to other sectors of the economy. They are reducing the share of long-term contracts in favor of spot purchases. They are fighting a multi-front war with Iran directly (in Yemen) and indirectly (in Syria, Lebanon, and Iraq).