And what happens to America's oil frackers?
It was a month ago, in combination with the global panic over the coronavirus, that the bottom fell out of the global crude oil market. A price war between Russia and OPEC, led by Saudi Arabia, crashed the price to under $30 a barrel. Some American gas stations saw gasoline selling for less than $1.90. Now, with encouragement and mediation by the U.S. government, there is an attempt to return profits to the oil...
Read this story at The National Interest