In attempting to flood the world markets with oil and put many U.S. oil fracking companies out of business, OPEC overplayed its hand, and the world will continue to see low oil prices, even as OPEC's influence diminishes.

The question of just how far oil prices may fall remains an open question. A "black swan" event could, however, drop oil to $4 a barrel. by Bob Adelmann

TransCanada Corporation's shrewd political ploy to avoid having the Obama administration judge the wisdom of a Keystone Pipeline expansion just might work. If it doesn't, it won't matter: Canadian crude will find its way to refineries somewhere, somehow.

OPEC is losing its bet that it would outlast its competition and be able to push oil prices higher.

It's premature for OPEC to conclude that its strategy to force American marginal producers out of the market is working.

Page 1 of 15