The current decline in oil prices is a systematic manipulation of the hydrocarbons market by the USA with the help of the Gulf monarchies, which have large reserves. OPEC, created as a mega-regulator of the oil market, can do nothing with a nearly fourfold drop in the price of a barrel of oil.Why is this so? Because OPEC is controlled by the United States via Saudi Arabia,  Qatar and Bahrain. Any attempts by the remaining oil-producing states to agree to reduce production are automatically torpedoed. The Saudis extract more and more oil selling it at an ever lower price and flooding the market.On the other hand, about 85% of oil transactions are futures. That is, contracts for the supply of oil in the future. However, there is a small detail: no one is going to supply this oil, it’s just on-going speculation or resale of “securities”. But as the number of futures greatly exceeds the amount of contracts for a real supply to a consumer, those who have a huge amount of money can raise or decrease the price of a barrel of oil by buying futures. Read more….

Bron: US and OPEC Depression of the Oil Price Cannot Last