True, but they also have a interest in preserving their future markets. Oil gets to the high, the law of innovation kicks in along with the law of demand.
Behavior changes, kick in that will lower the demand and thus lower the price or (even worse from the saudi's perspective) destroy the market for the product entirely.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.