Is there anyone on here that does believe that this is a totally man made crisis aimed at getting rid of the middle class? All the while importing an ignorant and cheap new source of labor from south of our border?
Just the way I see it.
This is a combination of a few things. Yes, it is manufactured in the sense that the Saudis are not adjusting the way they have in the past.
The fracking from the US has increased supply.
The consumption of oil is down.
Supply and demand. And if it costs you a lot to supply...tough luck.