This article by Andrew Thomas writing as a guest for the Cleveland Business website is the most logical explanation for why the Saudi’s decided to continue producing oil at the same rate back in November of 2014.

What it boils down to is that natural gas was becoming a threat to oil being the dominant energy source worldwide, and the Saudi’s decided it was important to lock natural gas out of the competition.

It’s worth the read.

It makes one wonder, will natural gas production in the States die off, or will natural gas producers figure out a way to remain competitive?