So you are OK with the Saudis targeting shale short term using oversupply to bankrupt them so as to regain their hold over long term much higher prices? You got a serious case of the economic/business dumbs. The Saudis/Russians/OPEC were being predatory trying to eliminate competition. How is telling them quit your sh!t or we are “taking our ball and going home” in any way unethical or morally bankrupt? Downright ignorant. The same way a cartel can raise prices, they can lower them below everyone’s production cost and eliminate fair market competitors.
The U.S. became the worlds largest petroleum producer a couple of years ago. Dont you find it bizarre that the country producing more oil than anyone else is telling other countries theyre producing too much oil?