Many oil analysts have attributed the recent increase in global oil supply to increased production from US shale producers, which has ramped up sharply in the last couple years.
Is the shale boom today on par with the dot-com boom or is it all a power play with OPEC to ensure US energy independence?
I believe OPEC's objective is to "clean up" the US shale market, and that oil prices will eventually rise - in my opinion though not before early 2016 - when OPEC completes its objective of cleaning up the American marginal market.
The more obvious losers in the current oil climate are Iran and Russia — the former of course being Saudi Arabia's archrival in the region, and the latter being no great friend of the Saudis' either.
For More: Salvaging the US Shale Boom