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RatioInvictus 10 points ago +10 / -0

You might be missing the point, just a little. Saudi Aramco's breakeven production cost is, realistically, $40/bbl; optimistically $35/bbl. Best case scenario (for them), if the U.S. fills the SPR, it costs the Saudi's $1.4B in losses, and it props up U.S. producers. That may only last for a week, but the Saudis' cash reserves aren't infinite. They wanted to hurt Iran, drive U.S. (shale, in particular) competitors out of the market, and hurt Russia.