Quote Originally Posted by JMA View Post
The question that should be asked is why didn't the US make this persuasive call back when Russia first invaded Crimea?
Impossible to answer without knowing what was said and what else was going on at the time.

Quote Originally Posted by JMA View Post
Why?
Because they desperately needed money, and efforts to support the price by cutting production had failed catastrophically. The cartel broke. Cartels often do when under stress.