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What's Behind Saudi Arabia's Oil Strategy

By Ian Bremmer, The National Interest - January 19, 2015

Oil prices are plunging to levels not seen since the great recession of 2008-09. While there is wide debate over why this is happening, one thing is clear: there will be an impact felt across the globe. For those who are heavily dependent on oil imports, the impact is obvious—a massive stimulus for their economy. For those who have economies driven by oil production—like Russia and Saudi Arabia—big problems could lie ahead. And for America—a nation that consumes large amounts of oil and is now a player in oil production, thanks to its shale revolution—we certainly will find out.

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