My point wasn’t that it would be easy. A lot of people will lose a lot. My point was that the OPEC strategy is flawed. This strategy of keeping the market flooded and driving out the shale and sand producers is only a temporary result. It will cause market chaos without doubt. However, in the end, those resources are static and will always be a threat to OPEC. If OPEC thinks they can sustain 100 dollar oil again, they are mistaken.
This cycle will repeat over and over, get shorter each time, and eventually the unbeatable forces of the open market will prevail.
It’s a shame because the oil fields have been one of the few bright spots with out economy over the last few years.
Obama and the left have been against our oil production but it’s one of the few things that have kept our economy from being a lot worse.