Shocking, communist dictators blame the US. Your whole premise that the US collaborated with OPEC in order to intentionally bring down Russia and Venezuela is wrong dude, Take. The. L.
OPEC brought down the prices to try to screw the US and Iran. Read the first article you posted.
Dude take the fuckin L, you have no clue. I gave you a source with an oil industry expert in 2014 telling you that OPEC couldnt win a price war with American shale oil. What dont you understand about "net importer"? Even when America is the largest oil.producer in the whole world we still import AND export oil. It's almost as if the market is more complex than your grade school understanding.
https://articles-pennlive-com.cdn.a...errer=https://www.google.com&_tf=From %1$s
"Shale drillers have become so efficient in the last 10 years that they can produce more with less, making it easier to turn a profit.
That's largely thanks to U.S. drilling technology, which is "advancing at a speed usually associated with Silicon Valley," according to Mark Mills a senior fellow at the Manhattan Institute.
"Just as a new Internet ecosystem rose from the ashes of the dot-com crash, Shale 2.0 will emerge..." he said in a recent Wall Street Journal op-ed .
If prices reach $40 a barrel, U.S. producers can become profitable again, while OPEC needs prices to be $80 a barrel, Mills and other analysts said.
"Owners of traditional oil wells struggle to make productivity gains of 2 to 3 percent a year. Operators in shale fields are seeing massive gains of 20 to 30 percent, year upon year," Chris Taylor, investment director of Neptune Investment Management, told The Times of London .
For example, Exxon's return on investment for every $1,000 spent in the Bakken Shale in North Dakota increased from 12 percent in 2011 to 40 percent in 2014, he said.
That's a productivity rise of 220 percent in four years. "I can't remember seeing anything like that - not since the early days of the personal computer roll-out," Taylor said.
Meanwhile, OPEC companies are squeezed and have called for emergency meetings, only to be ignored by Saudi Arabia. Venezuela on Wednesday called for an emergency meetingin hopes of driving up prices, but so far no plans have been made."
Use your brain and think about why the US has been encouraging OPEC since the recession to produce more oil. BECAUSE WE STILL BUY THEIR OIL.
From all the way back in 2008:
https://www.reuters.com/article/us-...ak-economy-obama-effect-idUSTRE52F1FD20090316
"Before the meeting in March 2008, Washington had said even a modest output increase would help to calm oil markets, but OPEC instead kept supplies steady. In response, prices leapt to what was then a new record above $100 a barrel.
Rejecting the U.S. request, then OPEC President Chakib Khelil of Algeria shot back that the United States’ mismanagement of the economy, not OPEC, was to blame for high oil prices."
From 2014:
https://www.vox.com/2014/12/2/7319307/gas-prices-falling
"....(The International Energy Agency estimates that about 4 percent of US shale projects are unprofitable if oil prices sink below $80 per barrel, as is currently the case.)
On the whole, however, the US is still a net oil importer, so this benefits the nation at large. But it doesn't affect everyone in the same way."
To finalize, the U.S. as a net oil importer benefits from low oil prices, even with the shale oil boom. Large American shale oil producers also have a unique advantage of efficient drilling methods and speculative hedging. There is absolutely nothing about US oil production preventing us from sabotaging export dependent economies.