A Paragraph to Ponder

From McKinsey:

"In a sense, the only thing worse for OPEC than very low prices is very high ones—a counterintuitive idea that is often underestimated. “We need to remember that low oil prices are bad for producers today and lead to situations that are bad for consumers tomorrow,” OPEC Secretary General Abdalla S. El-Badri said earlier this year.⁸ 8. Abdalla S. El-Badri, “Outlook for global oil markets,” Organization for the Petroleum Exporting Countries, January 25, 2016, opec.org. “And high oil prices are bad for consumers today and lead to situations that are bad for producers tomorrow.”"