I think Qatar is seeing the writing on the wall for OPEC. The US production is now high enough that OPEC can't really control prices anymore. What good is obeyi

I think Qatar is seeing the writing on the wall for OPEC. The US production is now high enough that OPEC can't really control prices anymore. What good is obeying the rules of a cartel who have no market power? The real downside to all of this is that OPEC's restrictions to production in order to raise the price of oil also had the effect of reducing the use of fossil fuels. Climate change is real and atmospheric C02 plays a major role in it. With oil cheap, you'll see more SUVs on the road.