It's impossible to state what OPEC and the rest of the oil producers will do in the near term but historically OPEC has been the deciding force to price the worlds oil. OPEC's mandate is to "coordinate and unify the petroleum policies" of its members and to "ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry."
The US are clearly the ones who have disrupted OPEC's dominance. The oil-drilling boom in the US has increased oil production by over 70 percent since 2008 and has reduced the US oil imports from OPEC by fifty per cent. This pricing war might cripple countries like Venezuela, Iraq, Nigeria and Algeria but it won't stop US oil production. Some companies won't make it but others will gobble them up and wait for more normal prices. US oil is here to stay and OPEC and the Saudis might as well get used to it. Oil will not stay in this price range forever, that is a fact.
Don't see iPhone sales lagging in 2016. Only 30% of older iPhones, 5- 5S and older have upgraded to 6 or 6S. Also Apple is just getting into some countries and is just getting started in China and India. iPhone has a ways to go before sales slow down.
Repeating falsehoods over and over again doesn't make them true. Rd has been doing this for quite some time, not just today. He has a genuine hatred toward the President and posts outright lies about him all the time. Just a few hours ago he said, "She (his mom) put Obama in a muslim school in Indonesia. He had to say he was a muslim to get in." Obama attended a public school in Indonesia for 2 years and a CATHOLIC school for the other 2 years. He left Indonesia when he was 10 years old and finished the rest of his education in the US with his mom's parents. This is all backed by factual evidence in the form of school records. The Truth doesn't make someone a racist but intentionally choosing rhetoric over factual information just to support your agenda certainly does. I'm done with this for today.
Just like norris, change the subject when you've been proven wrong. You just can't stand the fact that we elected a black President, twice. He is not Muslim, he was born in the US and he was not educated in a Muslim school. Get over it. Calling me ignorant isn't making you look any more Christian. If you want to hate Muslims that is your choice, my only beef with you is regarding the falsification of Obama's childhood and the disrespect toward his family, especially his mom.
I see you just created your ID, and don't have the guts to use any of your other aliases. I would love to meet you in person someday just to see the fear in your bloodshot eyes. Lets try and make that happen!
you sir are a liar and a racist as well. You wrote falsehoods about our elected President saying he was educated by his parents to be a Muslim and I provided factual information that the majority of his education was in the US and at least 2 of his 4 years of education in Indonesia was in a CATHOLIC school. You obviously are so full of hate you fail to acknowledge it. I have no interest in any religion that uses lies and deception to support their cause. You obviously are beyond help and a disgrace to any legitimate religion.
Like you his father was an alcoholic and his mother did not want him exposed to that. Barack chose to live with his mom's parents back in Hawaii because he preferred to go to school there. His grandparents didn't prevent him from seeing his mother and his father, who lied about having another family wasn't interested, which was fine with Barack. Try to remove your head from your behind once in awhile. The fresh air might clear your mind, what's left of it.
Speaking of ignoring the facts, you sir are second to no one. Barack Obama from the ages of 6 through 10 attended a local public school in Indonesia for a couple of years and St. Francis of Assisi "CATHOLIC" School for two years. Obama returned to Honolulu in 1971 to live with his maternal grandparents, Madelyn and Stanley Dunham, and with the aid of a scholarship attended Punahou School, a private college preparatory school, from fifth grade until his graduation from high school in 1979. Your Muslim schooling is a figment of your racist imagination. Get a life you lying hypocrite!
I agree US oil companies are here to stay. Technology is improving quickly and the cost of finding and extracting oil has dropped considerably. No guarantees who the last companies standing will be but the oil will be flowing in the US for many future years.
You are such a lying, ill informed, racist fool. Barack Obama hardly knew his father at all. He spent a single month with his father when he was TEN years old and said he didn't enjoy a minute of it because his father was an abusive alcoholic. Obama's mother raised him on her own and didn't train him to be anything but a kind and caring human being. She was born in Kansas and spent most of her adult life working with the poor and less fortunate. Do you even have a conscience?
I'm betting with the wife's money:) It's not a given but OPEC and SA will be crying uncle within the next year or less. They underestimated the frackers resourcefulness. The US oil industry is here to stay and OPEC might as well get used to it.