Good? Once they break the back of US oil production by making it uneconomical for us to produce oil, they will regain control over the price of oil, The Saudis and other OPEC countries are content to flood the global oil market to take out the competition. It is economics 101. This is the way monopolies destroy the competition.
” Good? Once they break the back of US oil production by making it uneconomical for us to produce oil, they will regain control over the price of oil, The Saudis and other OPEC countries are content to flood the global oil market to take out the competition. It is economics 101. This is the way monopolies destroy the competition.”
Then we can produce our own again.