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Transcripts For CSPAN3 Politics Public Policy Today 20150305

They are not the same people dedicated to producing the light, sweet crude thats produced in the oil sector, for the most part. So if you offer discounts to asian consumers at large so that they become beholden to your type of oil and they build refineries specifically dedicated troo processing your type of oil its going to be harder for them to switch to somebody elses oil down the line. So it makes sense to keep the price a bit lower right now so that asian consumers build up refinery capacity for medium and heavy sour sulphur rich, saudi type oil, and you try and guarantee your market down the road when you will be putting on the brakes and sending prices back up. Okay, this is kind of thinking about the supply and demand side of the market, but there are other factors that we need to think about that i think people dont often like to consider. And that is that the saudis, the qataris and their friends in the gulf on the sunni side of the aisle have created a monster. By funding rad

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