Opinion: Saudi Oil Strategy: Brilliant Or Suicide?
Green Car Congress
AUGUST 13, 2015
Given this environment, it is not surprising that the revenue elasticity of production is highly sensitive, and negative. They are fighting a multi-front war with Iran directly (in Yemen) and indirectly (in Syria, Lebanon, and Iraq). Saudi Arabia increased production by 6.8 Their need for revenue is intensifying rather than moderating.
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