Do you want Saudis to undermine their business for you to sell your oil in an open market capitalistic world ?
You want to push the price of the oil to $100 a barrel, so that you can make 100k to 400K salary and have a lavish flamboyant arrogant life style out of others expense.
If all the Oil companies cut down the salaries of all the employees by 50% , they don’t have to lay you off at a price of $35 /bl
There are plenty of oil reserves on this Earth that can be produced less than $35 /bl to meet the world demand. That is not the problem here, but the oil companies want to make Billions in net income by jacking up the price to show the share holders, so that the executives can get $100 M to $300 M bonus every year.
Who is suffering? The ordinary folks had been paying $3.5- $4 a gallon at the pump, when the oil was trading above $100 /bl.