Riyadh’s real hope, if history is any indicator, is that escalated production will force Rouhani’s government to implement an austerity budget that will ultimately stoke underlying social unrest and once again push people into the streets. If this happens, it might not lead to an event as significant as the shah losing his grip on power — but it would reinforce the Saudis’ faith in oil as a potent weapon in the battle to dominate the Middle East. And oil floods, in turn, would likely continue their periodic, dangerous rattling of both the markets and the region. foreignpolicy/2014/12/18/why-would-the-saudis-crash-oil-markets-iran/?utm_source=Sailthru&utm_medium=email&utm_term=Flashpoints&utm_campaign=2014_FlashPoints%20%5BManual%5DRS18%2F12 DECEMBER 18, 2014
Posted on: Sat, 20 Dec 2014 11:22:50 +0000
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