Coordinated drone attack cuts Saudi oil production in half

Look beyond the attack. It deepens the feeling that being dependent on oil deliveries from crisis regions is not a good thing and has a cost. This makes US shale appear in an even better light. Even if the entire Persian Gulf erupts in war and not one single oil cargo left the Gulf for a long time, the US would still sit pretty on its copious shale oil and gas and coal reserves. As things stand right now, America’s main rival China has most to lose from such a situation. Have they understood this? When they do, I expect some Chinese power brokers in Tehran. But maybe thats what Iran wants.

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