There’s no doubt about that but it’s even more complex I think. A lot of this is about Russia attempting to circumvent the petrodollar. Bankers control the price of oil as much as OPEC. This is the work of bankers as much as OPEC. Complicated doesn’t even begin to describe it.
I’m pretty much in the “break the new US frackers”. But I think it’s worse than that. I think the Saudis want to break them and force them to sell, and then buy them up through their intermediary western companies. Then it won’t happen again, and they’ll control that much more oil.