[Triple]

OPEC can selectively lower prices to bankrupt competition in start-up phase.

When threat subsides, then they can raise prices again.

Rinse Repeat - keep competition at bay

[mmichaels1970]

OPEC can selectively lower prices to bankrupt competition in start-up phase.

When threat subsides, then they can raise prices again.

I tend to agree. But I'd hold out hope that when the fracking companies are forced to halt production, they throw what resources remain into making extraction even more economical, thereby forcing OPEC to go even lower the next time. Eventually, if you technologically advance far enough, it begins to hurt OPEC more than it hurts you...that's how you win, no?