LOUNGE all new asksnapzu ideasforsnapzu newtribes interesting pics videos funny technology science technews gaming health history worldnews business web research entertainment food living internet socialmedia mobile space sports photography nature animals movies culture travel television finance music celebrities gadgets environment usa crime politics law money justice psychology security cars wtf art google books lifetips bigbrother women apple kids recipes whoa military privacy education facebook medicine computing wildlife design war drugs middleeast diet toplists economy fail violence humor africa microsoft parenting dogs canada neuroscience architecture religion advertising infographics sex journalism disaster software aviation relationships energy booze life japan ukraine newmovies nsa cannabis name Name of the tribe humanrights nasa cute weather gifs discoveries cops futurism football earth dataviz pets guns entrepreneurship fitness android extremeweather fashion insects india northamerica
+23 23 0
Published 1 year ago with 3 Comments

Join the Discussion

  • Auto Tier
  • All
  • 1
  • 2
  • 3
Post Comment
  • NinjaKlaus
    +3

    I don't think OPEC can maintain it's stranglehold on the oil supply price for too long, their own members are suffering under these price drops. If the American Industry holds on or at least leaves functioning and maintained equipment in the field, eventually they can return and pick it back up. Oil prices have already started the reverse and are creeping back up. The only way to stop the American fields from becoming profitable again is if Saudi Arabia and other richer OPEC members subsidize the losses of the smaller members. Unless OPEC really believes by altering the supply we'll just leave no matter what the price does in the future. I find that a laughable opinion though.

    • AdelleChattre
      +2

      It may not be about bankrupting American producers. That house of cards was soaked in more debt than oil to begin with, so collapse would've come sooner or later. Whatever the Saudis are playing at, something tells me it's not about busting the U.S. boom.

  • MAGISTERLUDI
    +3

    Precisely the effect OPEC has in mind. The only question would be how long will OPEC members maintain, on the other hand they can not afford not to.

Here are some other snaps you may like...