Saudi Arabia said Greedy Speculators drove oil price up in 2022, and that the oil market was well supplied... Every country was selling all the oil the world Wanted... Saudi Arabia wants $80/bbl to $85/bbl Brent pricing for oil... Most companies around the globe need a higher price to justify higher drilling costs... Flash forward to 2023... Oil demand is higher than in 2022... Saudi Arabia says that Shorts in Oil price are keeping price too low by a scheme they are running... Big money in oil price controls and sets the oil price... This article link shows graph where SA was exporting about same amount of oil a year ago, but those exports started falling in May, 2022 as China started buying less oil due to rising price... https://hfir.substack.com/p/the-saudi-put?r=f2v8q&utm_medium=ios&utm_campaign=post Greedy speculators who controlled oil price in 2022 pushed it way up after demand fall started in May, 2022... And now they have pushed prices down twice in 2023 with world oil demand rising,,, and U.S. fuel demand has averaged over 2% increase over year ago since March of 2023,,, Two dumps on oil price since March... Critics try to imply that Saudi Arabia acts alone, but that is far from true... When other Opec countries and outside oil companies see pressure to push the oil price back up, they will hold back on sales when possible and will tighten the noose on the Big Oil Shorts... Count on that like Peter Wrote it On The Rock... All this haggling by big money over a simple $80 Brent price target... Who is anyone gonna call in August if a big hurricane plows into gulf... Oil Shorts have unlisted numbers... So we watch...LJ