From WSJopinion: Russia’s push for lower oil prices gets a boost from the coronavirus demand shock. Can U.S. shale producers survive? asks DanielYergin
The week's best and worst from Kim Strassel, Jason Riley, Mary O'Grady and Dan Henninger. Image: Chip Somodevilla/Getty ImagesThe oil-exporting alliance between Saudi Arabia and Russia collapsed on Friday after almost four years. The OPEC+ deal, which the two countries brokered in 2016 after a debilitating 2014 price collapse, is over, called off by the Russians. Result: a free-for-all in the world oil market, lower prices and a battle for market share. The No.
John D. Rockefeller in the 19th century described this kind of battle as “good sweating”—low prices that put pressure on competitors....
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