Quote:
Originally Posted by jjchieffan
Eh. Let em cut production. The US isn't going to join them, thus reducing the effects of their cuts.
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It also assumes their OPEC partners would hold to those production cuts as well. While compliance has been fairly good, I believe, in recent years. The price drop of 2015 hurt all those nations as well. It is reasonable to wonder if the OPEC nations would continue those compliance rates if the Saudis cut production and drove up prices. It would be very tempting for those nations to produce more black market crude to take advantage of that price environment.
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