Nature has done non toxic Molecular Nuclear Fusion for 3.8 billion years on Earth.
So the Saudis saw oil plunge to $20 a barrel, so agreed quota cuts with OPEC. But Venezuela and Russia were major exporters of crude and gas: Oil has lost the energy monopoly to natural gas: but there was no cartel here.
As gas is extractable all over the world. From below the sea, totally safely.
So the Saudis agreed quota cuts with Venezuela and Russia. Saudi was already in budget deficit – but oil was its only income.
Venezuela was in worse financial plights, and Russia GDP as 80% oil and gas. Interesting – a direct competitor.
So oil is below 30% again: as the world is using steam plasmas to get at massive carbon 0 power. With non of the toxic death of uranium nuclear.
It loses money below $100, and every uranium plant is running with no adequate insurance. 100 billion – when no insurance above 1 billion is available.
So quota cuts just speed up the abortion of Molecular Nuclear Fusion. That is an oil user gone for ever.
So oil producers are all exceeding their quotas – as they realise in 6 months oil will have no value at all.