Why Cheap Oil Is Bad for the U.S. Economy

The video discusses the challenges faced by OPEC, including internal cheating and diminishing power due to increased US oil productivity. It highlights the impact of new oil supplies and the liberalization of Mexico's energy economy. The discussion also covers the economic implications of lower oil prices, such as increased disposable income and potential job losses in the shale industry. The video concludes with an analysis of market dynamics and the potential dissolution of OPEC.

Discuss the role of Saudi Arabia within OPEC and its impact on market share.

What challenges do smaller players in the US oil market face in the current economic climate?