[Democrat_media]

by restricting production in the past, Saudi Arabia state controlled cartels caused artificially high prices. now the artificially high oil price bubble is bursting .

this severe price drop is all caused by Saudi Arabia and OPEC STATE controlled cartels

in a free market price would be stable as no such artificially high prices would have existed for so long.

[thackney]

I agree in the past, many years past, OPEC has raised the price of the oil in the market by restricting production.

You could even make the argument, that by not increasing production over the last few years, they have helped the US build a substantial increase in our oil production. Our real growth would not have happened in the low prices of early 2009 had continued.

in a free market price would be stable

Actually, commodities markets show pretty clearly stable prices are not normal outside of a cartel willing to manipulate price. I'm not arguing OPEC is a good thing. But utopia doesn't exist in the oil industry with or without OPEC.