OPEC and other oil producing countries are trying to destroy the growing US oil industry. Once they do that, oil prices will rise.
Exactly. Just like Verizon FIOS... they offer “introductory” offerings well below cost (and for OPEC, their costs are very low) to knock out Comcast, DirectTV, and others... and when they go under, BAM!
Once they bankrupt US shale oil drillers, they can buy up their assets cheap and keep them from starting up again when oil prices rise again.