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382 weeks ago @ The Vigilant Citizen - The Economist 2015 Cov... · 0 replies · +9 points

The low prices are really easy to explain.

1. Fracking in the US really took off so we started having a lot more oil of our own.
2. Saudi Arabia is keeping the middle eastern oil prices low to undercut Russia (whose entire economy is based around exporting oil, and who supported the Syrian government when the Saudis supported the rebels) and the US (who they don't want to compete with).