Saudi Arabia and the Oil War in the Middle East

The article was published in December 2014 and it was republished by US state propaganda media outlet VOA. Reuters noted that Saudi Arabia plans to raise government spending 0.6% to a record high in its 2015 budget while covering a large deficit with its huge fiscal reserves. The plan suggests Saudi authorities are confident of their ability to ride out a period of low oil prices. Some analysts believe Riyadh is content to see oil prices fall as a way to squeeze out competing producers in non-OPEC nations. And of course what they're not mentioning is that this is a political strategy to destabilize Russia, Iran and Venezuela.