Oil Prices Will Go Up Again--Are We Ready for That?

Saudi Arabia and the members of OPEC decided to take advantage of America and China's ability to stabilize oil demand in 2014 to allow the supply of oil to exceed demand and drive down the price of oil. The motive seems to be to shut in arctic oil efforts in Russia, oil shale in Canada, deep sea oil in Brazil, and tight oil (fracking) in the U.S.