Erik Da Silva

Saudi Arabia fears that no resolution concerning oil quotas and price changes will pass. According to the KSA, decreasing the oil production by 3 percent would stabilize the oil market.

 The KSA owns 22 percent of the world reserves and plans to impose their own quotas, in order to counter the downward trend and stabilize the prices at 85 dollars the barrel.

However, keeping high prices allows ISIS to keep selling cheap oil, thus funding its terrorist activity. While the KSA pushes for a military intervention, it seems that it wants to take advantage of the situation by increasing the prices. If human lives are to be lost during the fight, perhaps the OPEC members should combine their effort in fighting ISIS via their economic strength.