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Since oil started crashing in mid-2014, the oil producers confronted budget shortfalls that forced most to dip into oil savings and borrow money.

Saudi Arabia and Russia are at odds on pretty much everything: the war in Syria, policies on Iran, ties with Washington.  But when it comes to propping up global oil prices, they’ve never been more aligned.  The announcement sent oil rallying more than 5 percent within days.

The stakes are particularly high for Saudi Arabia as the U.S., a long-time loyal customer, cements itself as a rival producer. And as the US continue same production or even more, the oil producers will get nothing for their reduction in production.

So it is not ideology, or religion that controls our lives. It is the all mighty green Back.