Saudi oil

Monday, March 9, 2020 - 5:37pm

2020_0309_08.mp3

Oil prices are now plummeting after talks between OPEC and Russia broke down and prompted Saudi Arabia to launch a price war. Crude oil prices tumbled by almost a third. Such a price drop if sustained could destabilize national budgets around the world and threaten the US heartland. On top of that, Mohammed bin Salman has prompted the arrests of multiple members of the royal family, royals who may have been seen as threats to his rule. Host Marco Werman speaks with Ellen Wald, the author of Saudi Inc.