country of Saudi Arabia is a fascinating story in the context of oil, in the context of geopolitics. It used to be a sort of, you could do no wrong. It was like the golden childhood of the United States in many ways, ever since Kissinger and the Nixon administration and Petro dollars or maybe it was under Ford, Nixon or Ford. But shortly after Bretton Woods, where the sort of the oil has basically underpinned the dollar's value. And so much of that is changing rhetoric around Saudi Arabia is changing the deal with Iran, all these things. And Saudi Arabia has been willing to effectively run at a loss on its oil production, from what I understand, or at a small gain. I don't know what the exact numbers are, but they've been willing to maintain this price because this is like a war of attrition in the supply chain. They don't want to lose their distribution, their supply. I mean, I think there's mixed stories. Please clarify. And I think the Saudis started out and they were really trying (36/45)
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