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OPEC, Like a Dying Star, Is About to Go Supernova
OPEC is dying. President Donald Trump will probably rejoice. But he may not like what takes its place any better. For a while, in its youth, the group burned so very bright, helping members wrest control over their oil industries and stand up to foreign producers — and their governments. But now, like every star, it is about to implode. When a star runs out of hydrogen fuel its core contracts and heats up, while the outer layers expand. It will then go one of two ways — either collapsing into insignificance to become a black dwarf, or exploding as a supernova. OPEC is turning into the latter. Though its ranks ... (full story)