Nader Nanjiani

Nader Nanjiani

The writer is a Pakistani-American who lives and works in the United States. He tweets @nader_nanjiani (twitter.com/nader_nanjiani)

December 14, 2014
TOPICS

Dear Pakistan, let America and Saudi Arabia fight over oil prices because it works in your favour!

Oil prices are way down these days. Crude oil prices have fallen by more than $50 per barrel in international markets in the last six months. From $115 in the middle of June, 2014, the price of a barrel of crude oil has fallen to $65, as of the second week of December. On November 27, 2014, the prices took a definitive downward turn when Saudi Arabia – the largest and strongest member of the Organisation of Petroleum Exporting Countries (OPEC) – refused to mitigate production. And since none of the other OPEC nations are cutting back, there isn’t a way to eliminate the current ...

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