We have been scr@wed by the Saudis, there are willing to get into more debt in order to squeeze oil suppliers.
http://www.theblaze.com/stories/201...d-be-a-bad-thing-for-both-russia-and-the-u-s/
A stupid strategy as it will have to be under $80/bbl for a prelonged period of time. But once oil prices return, US oil suppliers will simply flood back in or find ways to cut costs.
