Los Angeles Times | Just as oil starts to lose its grip, the Saudis' low prices pull us back Los Angeles Times The conventional explanation for why the Saudis have not cut production is that their oil ministry's managers, led by veteran minister Ali Naimi, hope to disadvantage low-cost energy produced through fracking, a worrying source of competition. Forbes ... Oil Stocks: The $393 Billion Wealth Wipeout Dear John: Slippery factors in oil's slide Black oil, red budgets: how long can Gulf states endure low prices? |