1. "The group of senior government officials and oil executives saw the drop in oil prices coming last year. And they successfully argued that short-term reactions to bolster prices in the middle of terrorist attacks and revolutions around the region only supported less-efficient production in places like the United States and Canada.
“Is Saudi Arabia still willing to play the swing producer and juggle the whole domestic economy, refineries, power plants, desalination, petrochemicals, just to meet the expectations of either OPEC or non-OPEC producers? The answer is no, obviously not,” said Sadad Ibrahim al-Husseini, a former executive vice president for Saudi Aramco, the state oil company."