Make no mistake, The Organization of Petroleum Exporting Countries, (OPEC), is at war with the U.S. shale oil producers, otherwise known as, THOSE MOTHERFRACKERS! As a global glut of crude oil emerged in the summer of 2014, global crude oil prices, began a precipitous decline from over $115 per barrel, to $75 per barrel, in November 2014. OPEC’s decision on November 27, 2014, to leave oil production unchanged, was directly targeting all non-OPEC producers, who have higher production costs. OPEC’s strategy was to curtail higher cost oil projects which would reduce global crude oil supplies, and also to spur global oil demand, by driving down crude oil prices. This strategy would rebalance global supply and demand fundamentals, and prices would eventually, readjust. Directly in OPEC’s crosshairs were oil producers in the deep-water, arctic drillers, Canadian Oil Sands producers, and U.S. shale oil producers, otherwise known as THOSE MOTHERFRACKERS! Crude oil prices declined significantly after OPEC failed to cut oil production, and ultimately fell below $40 per barrel, in 2015. As the global oil glut has persisted, into 2016, crude oil prices fell below $30 per barrel, briefly, in February 2016. As of April 6, 2016, West Texas Intermediate, (WTI), totaled $$37.75 per barrel, and Brent totaled $39.84, per barrel.
As the global crude oil addiction continues to drive global oil demand towards 100 million barrels per day, (bpd), THOSE MOTHERFRACKERS! will be playing a vital role in continuing to fuel to global economy, with more oil supplies.
Some of the major topics, in THOSE MOTHERFRACKERS, include:
An analysis of OPEC countries
The Syrian conflict
ISIS infiltration in Iraq & Syria
Boko Haram’s reign of terror in Nigeria
Global oil demand
The impacts of low oil prices
The outlook for THOSE MOTHERFRACKERS!
The myth of U.S. energy independence
This Non-Fiction book is available in these Formats: eBook