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Russia has more reasons to be upset with Saudi Arabia than its backing of the Syrian opposition against the embattled regime of President Bashar al-Assad, which Moscow supports, according to Joseph Farah’s G2 Bulletin.
Now, the Saudis have refused to cut back on oil production, which has driven down the world price for oil, greatly affecting Russia’s economic recovery. Moscow has hoped that through increased oil prices it could begin to funnel more resources to rebuild its military capability in an effort to keep up with Western military technology development.
In recent weeks, the price per barrel of oil has dropped below $90 for the first time in 18 months. Yet, the Saudis are continuing at the same high oil output to support economic growth.
The output certainly has increased Saudi Arabian coffers, enabling the kingdom to balance its budget, something which other members of the OPEC and non-OPEC oil producing countries such as Russia have been unable to do.
To some observers, this development may have hardened Moscow’s position toward supporting Assad despite Saudi Arabia’s backing of the rebels who seek to oust him.
The Sunni Saudi kingdom wants Assad out because he is allied with its arch rival and sectarian opponent, Shia Iran, which is seeking to extend its influence among the Arab countries.
Assad is from the Shiite offshoot Alawite tribe, a minority in a country whose majority population is Sunni.
Saudi Arabia’s refusal to cut production and thereby raise the price per barrel of oil also is infuriating fellow OPEC member Iran.
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