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A comment on Biggest Oil ETF Could Go ‘Lights Out,’ Warns Wall Street Strategist. Parent comment

Re:Biggest Oil ETF Could Go ‘Lights Out,’ Warns Wall Street ... by dehrmann on Thursday April 23, 2020 @12:20AM (#22952769)
Consolidation involves mergers, not bankruptcies. I agree that frackers were causing problems for the oil market, but this isn't consolidation, it's OPEC trying to drive the frackers of of business, maybe even make the US a net importer again and regain some political clout.
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Re:Biggest Oil ETF Could Go ‘Lights Out,’ Warns Wall Street ... by sand_castles on Thursday April 23, 2020 @12:53AM (#22952922)
You Americans think everything revolves around you.

China is the largest crude oil importer, soon to be the largest total consumer, OPEC cares much more what happens in the East, Europe and partially US.

Covid-19 and the economic crash is a wet dream for the major powers.

- CCP rounded up all the people in HK.

- KSA gets to consolidate market share, steal from middle class through the Aramco IPO.

- British people stopped talking about Brexit.

- Energy cartel in NA continue to vertically integrate after "startup" did their innovation.

Remember that OPEC was Kissinger's idea.

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