That is quite a statement. Needless to say, I disagree with the fundamental premise you believe in. That statement flies in the face of unlimited evidence through history, currently, and all around you.
We disagree, and I will leave it at that.
Ya, of course I know that’s extreme.
But take a moment and look up the Wiki for Predatory Pricing.
If there is anyone who has cause to try to inflict pain on the US, it is Russia, after all the sanctions. They can simply sell oil for less than the bid price. Why should they care about the offered number of printed pieces of paper created from thin air by the Federal Reserve for something that has actual value — oil.
If the price stays low, the shale industry is wiped out.