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OPEC is currently using their market power to engage in a price war with the United States in the hopes that it will put our tight oil suppliers out of business. If oil prices drop to a point that oil shale production is no longer profitable (below 60 dollars a barrel), do you think the United States should temporarily subsidize producers in order to keep that production and all of the infrastructure supporting it online for when oil prices inevitably rise again?
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
Oil prices keep plummeting as OPEC starts a price war with the US - Vox