Comment Re:Sorry, you don't understand the oil market (Score 3, Interesting) 207
OPEC+'s power has waned, and Angola just left it. There is much disagreement within the cartel, with members not following in-step. Mexico doesn't follow quotas. Iran and Venezuela don't follow limits because of sanctions.
The US produces 50% more than Saudi Arabia or Russia, OPEC+'s leaders. And the US is become much more efficient at oil extracting, decreasing the extraction price by 1/3 over the last 10 years.