Iraq
Wikipedia refers to the Iraq war as follows: "The Iraq War, or the War in Iraq (also referred to as the Occupation of Iraq, the Second Gulf War, or Operation Iraqi Freedom by the United States military), was a conflict that occurred in Iraq from March 20, 2003 to December 15, 2011, though sectarian violence continues since and has caused hundreds of fatalities." Well said. Again, call this campaign anything you want, but realize this was and is part of the global War on Terror. If you believe this invasion was disastrously stupid, then please tell me how you think the last 10 years of fighting terrorism would have been better with Saddam Hussein still in power in Iraq. What follows below is discussion around how to monitor the developments in Iraq as they fight to establish a country that is friendly with itself and its neighbors.

It Will Take Much Cheaper Oil for Saudi Arabia to Take Action

9/3/15
from NCPA,
9/3/15:

Saudi Arabia has spent the past nine months trying to safeguard its share of the global oil market, increasing its own extraction to record levels. This seems self-defeating, especially after oil prices hit a six year low. Many claim the Saudis are trying to drive American "frackers" out of business, although, it's more likely that the action is directed at their rivals Iraq and Iran. Both of these countries are pumping more oil than ever to regain market share after their respective periods of conflict. - Saudi Arabia can choose to ignore an OPEC request to cut back oil production or it can blame the Chinese economy for falling demand. - It is unlikely that it will strike out a deal with Iraq and Iran because of their longstanding tension over regional supremacy. - The Saudis don't want to bear the burden alone. They still recall the early 1980s when they cut production and yet prices continued to fall. High-cost oil producers, such as Brazil and Canada, at present, have less incentives to pump oil. However, coordinating an output cut among the other producers is complicated as cash-strapped countries have a big incentive to cheat unless the price of oil goes even lower. Saudi Arabia's public spending has ballooned, but it has foreign assets to sell and a debt ratio of just 1.6% of GDP. That gives it the leeway to avoid making a rushed decision.

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It Will Take Much Cheaper Oil for Saudi Arabia to Take Action


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