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A comment on How Norway spends its $882B global fund. Parent comment

Re:How Norway spends its $882B global fund by hjnilsson on Thursday September 22, 2016 @04:02AM (#12555277)
Saudi Arabia significantly cut the oil price (which caused the global dip), and is since making up the difference by withdrawing from the oil fund.

The long term goal here is not entirely clear, but it mostly seems like a way to hurt the Russian economy and the fracking industry.

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Re:How Norway spends its $882B global fund by forgetsusername on Thursday September 22, 2016 @11:05AM (#12557284)
>Saudi Arabia significantly cut the oil price (which caused the global dip)

Saudi Arabia can't cut the price of oil. They can increase or decrease their own (albeit large proportional) supply.

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