General Discussion

They are probably ecstatic. A disruption to OPEC means their profit margins go through the roof.

At these prices they can actually invest in Venezuela and turn a profit.

If you step back and take a broader look at it, you could argue that the whole reason for this "little excursion" was to make those very oil executives happy by disrupting their competition.

Oil is used in far more ways than just to make passenger cars move around, and it unfortunately isn't going away any time soon regardless of how many EV passenger cars get sold. What you do not see yet are EV 18-wheel trucks, EV passenger jets, EV ocean liners, EV aircraft carriers, etc.--and you can't make plastics out of wind or solar energy.