RE:OPEC is a joke.........................slacker101 wrote: Their major achievement over the last two years - force non-opec countries to become more efficient while taking out some of their own member states and depleting their foreign cash reserves. With friends like those in the Middle East, Venezuala should ask themselves if Saudi Arabia or the United States is their real enemy.
Saudis are in it for themselves only. They certainly don't care about other OPEC nations individual needs. They did manage to regain market share making them the top producer in the world again but like you pointed out, made US shale producers more efficient and hurt their "mighty" organization during the process.