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 - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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