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Wednesday, December 31, 2014

Bad Strategy

A CNBC reporter just stated a theory that she had heard about why Saudi Arabia is continuing to pump oil and drive down oil prices.

According to this source, the Saudi leadership thinks that the United States has been too soft on Iran. The Saudis are pushing oil prices down to put pressure on the U.S. to get tougher with Iran.

If that is, indeed, what the Saudis are thinking, they are likely to be disappointed with the results that they get.

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