Time for some shale driller bailout planning. If it breaks OPEC it's good for everyone. The unholy amount of funding that supports global terrorism will take a big hit.
Something I do not understand:<p>- barrel price went from $100 to $60. That's $40 drop.<p>- Price went from $3.60 to $2.80 a gallon in my city. That's $0.80 only<p>I don't get it.
I'm admittedly naïve in this, but wouldn't it make financial sense to buy OPEC based oil stock in the coming few months? Based on whether this is true, of course - so... In theory naturally.
Why does the author keep saying "If OPEC doesn't interfere"? Is the author in favor of price-fixing? I thought all sane human beings understand that a monopoly controlling the price of something is bad.<p>That's why the author did not mention the reason that "OPEC doesn't interfere" is that the Saudis are waiting for this new price level to bankrupt the Shale enterprise in the US.