OPEC officials have already failed in stopping producers from capping the oil price. You can't control free markets in the USA. Your better off trying to bring Russia into OPEC since them and Saudi Arabia and Iran are all communist. But those countries are not going to stop producing so that American Rigs and Shale companies can pick up the slack. Unfortunately the story for oil is a race to the bottom. The only thing that can get oil to rally is war or some type of global economic stimulus. China was that stimulus but they are done for now.
Submitted December 09, 2016 at 01:39PM by 500pagesaday http://ift.tt/2gjpG6W
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