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A comment on The global oil market is broken, drowning in crude nobody needs. Parent comment

Re:The global oil market is broken, drowning in crude nobody... by specialbat on Sunday March 29, 2020 @10:11AM (#22719118)
You can't have a free market when there is a monopolistic producer
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Re:The global oil market is broken, drowning in crude nobody... by syshum on Sunday March 29, 2020 @10:27AM (#22719225)
Who would that be?
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Re:The global oil market is broken, drowning in crude nobody... by vikramkr on Sunday March 29, 2020 @10:46AM (#22719411)
OPEC et al. Oil is a classic cartel controlled industry.
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Re:The global oil market is broken, drowning in crude nobody... by syshum on Sunday March 29, 2020 @02:08PM (#22721147)
I figured that would be the response, and the current price drops proves that the be wrong as the it is not just falling demand that is causing the price collapse, not that started long before COVID, it is a price war between 2 (of many) large suppliers,

This idea that OPEC controls everything in oil is simply false

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