Fatih Birol made the comment in an interview with Turkey’s state-owned Anadolu news agency.
Shortest article ever?
In all seriousness I don’t think this is the worst thing for any of the three countries. Most new US production is higher cost (fracking), so the drop in market share is at least met with a stronger price floor for all.
Not to be rude, but this is really off the mark. The only reason that we're not still in a cartel market regime of $100 barrels is fracking being invented/discovered and efficiently improved. It cut the price floor well in half.
Fracking is not the cheapest, but it's also not the most expensive (see Canada's oil sands). When you compare fracked WTI (basically the USA-sourced index) to offshore Brent (North Sea, off the coast of UK), the costs are apples to oranges because fracking can be readily tapped at a relative drop of the hat (if prices spike in a short term period), but offshore is a huge multi-million/billion endeavor where you have to depreciate costs over a really long time horizon (same with oil sands, but different tech).
This is the level of cynicism our society has sunk to? I grew up in a time and place where everybody tried their hardest to tell the truth, always. Years later, I mentioned this idea to my girlfriend at the time's mom, and she laughed out loud. She grew up in a community where everyone lied all the time.
This is the difference between a society that works, and a society that's pathological.
I'm more shocked by such cynical reactions than by the circumstance reported.