Because a lot of those governments are in trouble because they assumed that prices would stay high, that they were going to collect so- called rents forever. And they find, as in the case of Iran or Nigeria or Venezuela or even the Saudis, that they can do a lot better if oil is at $60-plus a barrel than if it’s at $30 or $40. They would prefer $100-plus, but by cutting production they are deliberately keeping prices up.
