Two massive and permanent shifts in energy took place in 2015. The first was the beginning of the end of the oil age as Saudi Arabia’s led OPEC on a mission to destroy long-term competition and preserve market share. The second was the fortification of a move toward alternative energy as 196 nations agreed to sign a U.N. agreement in Paris to avoid dangerous climate change. The two shifts are linked and will have profound impact on the global economy, geopolitics and investments going forward. Already we are seeing reactions from Saudi Arabia, OPEC, Russia, other nations and private industry that are massive in scope. The abandonment of any oil production limits by OPEC is one of those actions that will have a permanent impact. What is OPEC up to? The question that we should ask about Saudi Arabia and the Gulf Cooperation Council of OPEC is why are […]