Not true. OPEC is hurting. In fact most of the nations in OPEC are having trouble making ends meat. OPEC is hoping demand will go back up so that the price will rise. OPEC has some tough decisions to make. If they cut production prices should go back up. However the countries hurting now need to sell their oil to make ends meat and do not want to cut production. This is more to financial problems over seas then it has to do with the US. They are hoping demand will rise so they can sell more at a higher price.