cheap oil, n.All

Cheap oil (n.) is ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠a complete fiction: Pentagon spending to hold Middle East prices in line amounts to a hidden subsidy of some 30 percent.