Back in Charge: OPEC's Return to Economic Dominance
The Dividend Cafe
00:00
The Saudis and the OPEC Member Nations Are Looking at the Trend Line of US Production Prior to COVID
I do think there's a sense of significant capital discipline that is evident from the shale industry and I mean it as a positive. The Saudis are looking at the same chart that I want to put up on the screen right now that we can be looking at, which is the trend line of US production prior to COVID. They did it both in 2014 and paid the price in 2015 and 16 but then from 16 through 18 as things we end to improve they were able to get back on track. And so what you see out of this both policy framework and shale industry discipline is the ability for the Saudis and the OPEC member nations to take it upon themselves to decide where the price level would be
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