OPEC’s decision this month to maintain existing oil output will fail to push rival producers out of the market because rising global crude demand should soon lift prices and boost drilling activity, North Dakota Governor Jack Dalrymple said. Since November, the Saudi Arabian-led cartel has held to a policy of unconstrained output, an approach many suspect is designed to flood global markets with more crude, push prices lower and punish rivals, including North Dakota, the second-largest U.S. oil producer. “It’s not surprising that Saudi Arabia would finally make a decision that they are not going to be the sole equalizer of supply and demand around the world,” Dalrymple said in an interview with Reuters this week at his capitol office. “They are going to expect other countries to be part of controlling supply.” Yet the strategy seems to have backfired, as producers have had to become leaner […]