What Do Latest OPEC+ Moves Mean?

I have a feeling that OPEC and especially the Saudis don’t really care about shale anymore. They know they can’t kill it and that they have lost the US as a market. They just want to show the market and the world that they are not as predictable as we think they are. So they do the irrational thing. Making oil more expensive will only pour water on the mills of shale drillers and it will fuel inflation. Which will bring consumption further down. That being said, I am not unhappy. I am waiting for this bubble to finally burst open for a long time. This will help. 

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