The oil producing province of Alberta is struggling to maintain its workforce as the price of oil plummets. Those who are in natural gas production, pipelines and alternates have not been hit as yet. The Albertans go on to blame the Saudis for deliberately keeping production levels high, glutting the market and putting the boots to the competitors especially the Ruskies. However, the Ruskie ace in the hole is their natural gas market on which Europe depends.
As a client state of the US, I wonder if there isn’t background shenanigans going on in Saudi land to keep the Ruskies on the verge of failed statehood. One empire at a time is enough.
The Saudi family is so obscenely well off that the present fall in the barrel price of oil does no harm. Later, as they close the spigots which are now wide open, the six month fall in price will be quickly reversed.
Other oil producers such as Iran and Venezuela, no friends of the US, also suffer from those crude tactics. The upside of those tactics, is that consumers gladly go to the pumps and have shekels left over for other things such as groceries.
The downside, apart from unemployment in oil producing countries and the economic fallout across the spectrum, is that investment in alternatives seems less urgent. So the ecology of the planet suffers, climate change advances, and climate control planners have to reset their priorities.
I have no proof that US policies in client states is at the root of all this, just as no proof was available for bankrupting the USSR in Afghanistan or EITs. Yet we must learn from history and see that if it walks, talks and acts like duck it’s not a lilywhite swan.