The Organization of the Petroleum Exporting Countries and its allies aren’t in the business of helping Americans out of the goodness of their hearts.
Instead, they’re in business to ensure that their sale of oil results in a financial windfall for their budgets. Countries such as Saudi Arabia, the UAE, Russia, and Kuwait have bills to pay and subsidies to underwrite —and apparently, the cartel isn’t convinced all of this can be accomplished with oil hovering around $90 a barrel.
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