See attached interview from 2014. Excerpt: Will Saudi Arabia Not Cut Production If The Russians Do Not Cut? First of all, why did we decide not to reduce production? I will tell you why. Is it reasonable for a highly efficient producer to reduce output, while the producer of poor efficiency continues to produce?  That is crooked logic. If I reduce, what happens to my market share? The price will go up and the Russians, the Brazilians, US shale oil producers will take my share
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