‘…This was in large part a contest between OPEC and US frackers for power over the oil market. With the new technology of hydraulic fracturing, US oil production has increased by nearly 50 percent since 2008, after more than three decades of decline. By pushing prices lower OPEC hopes to restrain the growth of the costlier production.’
via OPEC in the age of climate change – Opinion – Al Jazeera English.