{"id":383,"date":"2014-10-21T23:41:53","date_gmt":"2014-10-21T23:41:53","guid":{"rendered":"http:\/\/olduvai.ca\/?p=383"},"modified":"2014-10-21T23:41:53","modified_gmt":"2014-10-21T23:41:53","slug":"saudi-policy-of-downplaying-oil-prices-to-backfire-on-them-rt-op-edge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=383","title":{"rendered":"\u2018Saudi policy of downplaying oil prices to backfire on them\u2019 \u2014 RT Op-Edge"},"content":{"rendered":"<p><a href=\"http:\/\/rt.com\/op-edge\/197440-oil-prices-saudi-arabia-policy\/\">\u2018Saudi policy of downplaying oil prices to backfire on them\u2019 \u2014 RT Op-Edge<\/a>.<\/p>\n<p style=\"vertical-align: baseline; font-size: 1.5em; line-height: 1.4em; padding: 0px; margin: 0px 0px 15px 0px;\">Saudi Arabia wants to use lower oil prices to pressure Russia to change its stance on Syria, to antagonize Iran, and to force US shale gas out of the market, roving correspondent for the Asia Times Pepe Escobar told RT.<\/p>\n<p style=\"vertical-align: baseline; font-size: 1.5em; line-height: 1.4em; padding: 0px; margin: 0px 0px 15px 0px;\"><strong style=\"vertical-align: baseline; font-weight: bold; padding: 0px; margin: 0px;\">RT:<\/strong>\u00a0<em style=\"vertical-align: baseline; font-style: italic; padding: 0px; margin: 0px;\">Russia&#8217;s economy is surely being hit by the falling oil prices. But what about other oil producers like the OPEC states?<\/em><\/p>\n<p style=\"vertical-align: baseline; font-size: 1.5em; line-height: 1.4em; padding: 0px; margin: 0px 0px 15px 0px;\"><strong style=\"vertical-align: baseline; font-weight: bold; padding: 0px; margin: 0px;\">Pepe Escobar:<\/strong>\u00a0A lot of people are being hurt. There are more or less 20 nations that need oil at least for 50 percent of their budget. Among these nations we\u2019ll find especially a mix of African countries and Persian Gulf countries, that includes Saudi Arabia and Iraq as well, Venezuela and Ecuador. So it\u2019s very complicated, it\u2019s not only to hurt Russia&#8230;<\/p>\n<p style=\"vertical-align: baseline; font-size: 1.5em; line-height: 1.4em; padding: 0px; margin: 0px 0px 15px 0px;\"><strong style=\"vertical-align: baseline; font-weight: bold; padding: 0px; margin: 0px;\">RT:<\/strong>\u00a0<em style=\"vertical-align: baseline; font-style: italic; padding: 0px; margin: 0px;\">Saudi Arabia is one of the OPEC members and it is supposed to collaborate its oil price policy with other members. Why it is acting like this?<\/em><\/p>\n<p style=\"vertical-align: baseline; font-size: 1.5em; line-height: 1.4em; padding: 0px; margin: 0px 0px 15px 0px;\">&#8230;click on the link above to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Saudi policy of downplaying oil prices to backfire on them\u2019 \u2014 RT Op-Edge. Saudi Arabia wants to use lower oil prices to pressure Russia to change its stance on Syria, to antagonize Iran, and to force US shale gas out of the market, roving correspondent for the Asia Times Pepe Escobar told RT. RT:\u00a0Russia&#8217;s economy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[189,441,442,594,600,694,701,776],"class_list":["post-383","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-damascus","tag-iran","tag-iraq","tag-oil-prices","tag-opec","tag-russia","tag-saudi-arabia","tag-syria"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=383"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/383\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}