I somehow doubt that fracking is a CIA plot, or that the Saudis voluntarily gave up hundreds of billions in revenue as a favor to the USA. The Saudis have no intention of cutting production because they know that if oil prices rise, Fracking will ramp back up again, they&#x27;ll lose commensurate market share and be back where they started. Their best path right now to capturing as much revenue as possible is to exploit their low cost of production by out-producing everybody else.