What Saudi Arabia and Russia do next
Blink once, bad on you. Blink twice, your credibility is down the dumper. They sure know they made a mistake but no one can even raise this possibility in a meeting,. Its a career-ender. So, what can be done? The real big problem is that the last blink turned out to be a shot in the arm for shale. OPEC lost and it lost big. This time it might well be final. So I think its not rational decision making anymore. Its pure desperation.
