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RE: LeoThread 2025-08-17 05:22

in LeoFinance2 months ago

to defend market share against everything, everything else. And they thought that they could, and that's where we originally in 2014, we had, if anything, the Saudis deciding to almost flood the marina. They thought they could bleed out the shale producers, right? And they were not only trying to put pressure on the shale producers, they were trying to put pressure on Iran. They were trying to put, you know, wasn't a bad thing to put pressure on Iraq. And they were worried that the Russians, the Iranians, others would cheat, right? Because the last thing, if you're Saudi Arabia and you're, you know, facing a sort of challenges on a side, the last thing you want to do is cut production. And then somebody else gets to expand at your expense. So that was, there was a view in place at that point. Then I think they looked around and said there's so much of a surplus out there. We are not going to get this done unless we collectively cut. And they think they realized they did not expect how (37/45)