The argument would be that the Policy Decision was simply the reaction to larger forces at play - in much the same way high oil prices resulting in fracking in the US and the Oil Sands in Canada being developed, and taking away market share from Saudi Arabia (weakening their geopolitical position), one could say that it was a foregone conclusion that Oil prices were going to drop in the 80s after the 1973 oil crisis.
That's the thing - every time you see a huge increase in the cost of anything, economic forces kick in, and there is a response.
That's a long winded way of saying there were much, much bigger forces at play than Sheikh Ahmed Zaki Yamani in 1985, and, his announcement can be seen as little more than the result of those forces.
That's the thing - every time you see a huge increase in the cost of anything, economic forces kick in, and there is a response.
That's a long winded way of saying there were much, much bigger forces at play than Sheikh Ahmed Zaki Yamani in 1985, and, his announcement can be seen as little more than the result of those forces.