This whole decline in oil prices was, IMHO, orchestrated by the Saudis and big oil companies to put marginal US oil producers out of business. Once they’ve succeeded, oil prices will climb back to $100/bbl and gas to 3.50+/gallon. This ploy is hardly new in commerce and geopolitics.
In the mid-80s, as part of his successful effort to end the Cold War, Reagan (with Bob Casey) persuaded the Saudis to turn on the spigots. They did, and the Soviet Union folded like a cheap suit.
How did the Saudi’s do that by producing less oil than last year?
And most of the increases in US oil production have come from smaller independents, rather than larger “big oil” companies.
It might make for an compelling conspiracy intro, it doesn’t follow what has actually happened.
Also the Global demand for oil isn’t climbing as fast as the US and Canada have been adding to the supply.