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Subject: OPEC asks for help rss

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Chengkai Yang
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http://money.cnn.com/2017/05/11/investing/opec-oil-u-s-suppl...

Quote:
OPEC has asked a favor of other major producers: Please stop pumping so much and help us balance the market.


Well here's a daily dose of schadenfreude. I think no amount of weedling our current administration is going to get any rapid change on this though as ever since standard oil was dissolved, there's too many active players and there's no reason to play nice. The US is too diversified and too many industries benefit from cheap energy to ever want to go back.
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