Obama will travel to Saudi Arabia after King Abdullah's death

[JonLP24]

64. I don't believe this was to keep gas prices

Saudi Arabia is rapidly declining when it comes to share of oil imported from Saudi Arabia when top importer Canada keeps on growing. The prices are low in part due to Saudi Arabia desperately defending its market share.

I do believe oil was a reason for this as this was the politically correct thing to do. Any shortfall from Canadian oil would easily be replaced by Saudi or Venezuelan oil. As a top importer, the US have self-interested reasons in keeping prices low but Saudi Arabia is continuing to produce & lower their price to compete when their market share is rapidly declining. It also harms their rivals Iran & Russia more, especially Iran who has a cap on exports & suffering deficits for an economy dependent on the oil industry. There has been recent talks to lift the "oil sanctions" that may be in part for low oil prices & the countries with permission to import from Iran want more Iranian oil. Low prices also harms states like Wyoming & North Dakota which are more dependent on the oil & gas industry but the US economy doesn't live or die on the oil industry & high prices would normally harm the economy if it wasn't for producing our own oil & exporting from friendly neighbors like Canada. Obama can't even shake hands with Chavez with the media jumping all over him bu...

Now that I think of it, oil prices could be a factor with idea they would put further stress on political rivals Iran & Russia. Which would also include Venuzela who fits as both mainstream politically they have to be their rival & they are a top exporter to us. Don't mind me, I think as I go and I may be wrong when it comes to all of this. It is hard to try to figure out the "behind the scenes" political decisions. Geopolitics when it comes to oil is especially tricky.