Saudi Arabia's Last Weapon In The Oil War

Saudi Arabia may soon have to use its last weapon in an all out war against American Frackers, and the Iranian and Russian oil producers: Break the riyal peg to the US dollar. For almost three years, the Kingdom has been using a conventional weapon for fighting the oil war: raising oil output. The logic of using this conventional strategy was quite simple: let higher output crush oil prices, and the Kingdom’s antagonists along the way, as I discussed in a previous piece here. Now there's plen...