Former CIA Director opinion
Saudi Arabia is trying to maintain its share of the global oil market rather than use its power in OPEC to curb U.S. producers, according to David Petraeus, former director of the Central Intelligence Agency.The Middle East nation understands that the U.S. is becoming more efficient in generating oil and that there isn’t a set cost for production, Petraeus said in an interview for the television program “Wall Street Week” set to air June 14.
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