You are correct in your analysis of OPEC.
But, you are a little too concerned with our oil companies.
Yes, some companies will go out of business due to the Saudi manipulation.
Yes, Obama will use the EPA (latest emissions regulations) to push the base costs for our producers up, in order to protect islamic oil producers.
We must fight that.
But do not fret over our producers. Most will weather this storm.
Disagree. Most BIG oil companies will fare well at the expense of smaller companies. This leads to unhealthy monopolies. Enter Saudi’s stage left. Status quo resumes at the swinging crude oil square dance.
There can be a balance, but this will lead to imbalance yet again, for about the 40th time since the 1930’s.
Let’s put this into perspective.
What do you consider a healthy market? Would you consider your electric bill jumping from $50 a month down to $20 a month then up to $130 a month this year for no damn good reason as healthy? What about your rent, going from $500 to $250 then to $700 then back down to $600? Your car insurance? Cigarettes? Anything you budget?
Any market that swings this bad and is this critical should be moderated, especially in times of recessions, or in this case a depression. That’s what the feds are for, when they’re not playing the big overbearing Marxist sugar daddy to lowlife scumbag leaches or sucking Saudi tailpipes.