On the other hand:
This supply-side surprise comes courtesy of American frackers, who have seized the opportunity afforded them by the petrostate cuts and have ramped up their own production over the past nine months. By cutting costs and boosting efficiencies, U.S. shale has made itself capable of profitably producing $50 per barrel oil.
Have you hugged a Fracker today? ‘Cause yer cheap gasoline and diesel is due to them.