The price war in crude oil is over if you want it to be! At least that is the talk in the energy complex where Saudi Arabia declared a price war against the shale producers at the November OPEC meeting.
OPEC says that U.S. crude oil production will fall while demand for its oil will rise. That is the latest prediction from the OPEC oil cartel that seems to be winning the production war against the U.S. shale producer.
Ten years ago almost to the day Matthew Simmons wrote his iconic peak oil best seller "Twilight in the Desert" with the premise that that Saudi oil and crude oil production globally could soon approach a serious, irreversible decline.