OK, technically the Saudis aren't dumping. The legal definition of "dumping" is to sell a product at a price that's less than its cost of production. The Saudis aren't "dumping" because their cost of production is less than that of just about any other country. That said, I'm not so sure other oil exporting countries that are seeing their oil revenues drop to zero because of low prices would make such a distinction.
How about this: in the future, instead of saying "the Saudis are dumping oil", I'll say "the Saudis are selling oil at a price below what many of their fellow OPEC members can profitably produce it". That's a lot of typing, but if that's what it takes to make you and the other lawyers happy, so be it.
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Today's Featured Article - When Push Comes to Shove - by Dave Patterson. When I was a “kid” (still am to a deree) about two I guess, my parents couldn’t find me one day. They were horrified (we lived by the railroad), my mother thought the worst: "He’s been run over by a train, he’s gone forever!" Where did they find me? Perched up on the seat of the tractor. I’d probably plowed about 3000 acres (in my head anyway) by the time they found me. This is where my love for tractors started and has only gotten worse in my tender 50 yrs on this “green planet”. I’m par
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