Many of you disagreed with me about the power of OPEC, nothing has changed since '70s. OPEC will do anything to manipulate oil related business (Even those business have nothing to do with oil like Tesla for instance) as usual and have not changed as of yet. Nobody in the world even US president has the power over oil like OPEC does. Anytime when OPEC sees competitor threatening their business, they will do anything to destroy it, this includes high fuel efficient cars, electric cars, hybrid, and so on. OPEC wants one thing... business to themselves that is all.
See what I am talking about... OPEC is the evil of all transportation business and that is what they have been. Sadly, OPEC is the most powerful cartel, far more power than drug cartels.
http://money.cnn.com/2015/08/12/investing/oil-price-war-us-losing/index.html?iid=hp-toplead-dom