Saudi Arabia has no income tax and funds its government through profits from its oil and minerals. Currently, they need oil to be $80/barrel to thread water. They're not going to eat a loss just so fat Americans feel good about fueling their SUVs.

Saudi Arabia has no income tax and funds its government through profits from its oil and minerals. Currently, they need oil to be $80/barrel to not break even. They're not going to take a loss just so fat Americans feel good fueling their SUVs.