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A comment on Crude Falls Below $30 a Barrel for the First Time in 12 Years. Parent comment

Re:Crude Falls Below $30 a Barrel for the First Time in 12 Y... by maxerickson on Wednesday January 13, 2016 @08:21AM (#10894038)
OPEC has recently lost effectiveness. Back in the days of $100 oil, it was at least partly successful in restraining production from member states.

Other global factors have also contributed. Fracking has really had an impact on US production:

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=M...

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