In the opposite scenario, the recovering countries would
feel the heat of competition from each other and from oil giants Saudi Arabia
and Russia, and barrel prices would have nowhere to go but down. Meanwhile,
production in the U.S. isn’t fairing too poorly, despite having about half the
rigs in operation that it did this time last year. If OPEC fails to curb global
supply on its end, we suspect that an extension of the lower for longer price
environment would claim a few more U.S. casualties, but the survivors would,
out of necessity (which we have on good authority is the mother of all
invention), be able to reap profits quite nicely at under $50. More… 
Tuesday, October 4, 2016
What Happens If The OPEC Deal Fails?
In the opposite scenario, the recovering countries would
feel the heat of competition from each other and from oil giants Saudi Arabia
and Russia, and barrel prices would have nowhere to go but down. Meanwhile,
production in the U.S. isn’t fairing too poorly, despite having about half the
rigs in operation that it did this time last year. If OPEC fails to curb global
supply on its end, we suspect that an extension of the lower for longer price
environment would claim a few more U.S. casualties, but the survivors would,
out of necessity (which we have on good authority is the mother of all
invention), be able to reap profits quite nicely at under $50. More… 
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