The author says that for now that Opec is winning the oil wars.
Opec has dropped prices ostensibly to compete with the threat posed by shale oil and fracking. Thus they kept prices low to ruin the competition which needs a higher barrel price to offset costs of production.
Sounds true and no doubt is true to some extent but it is NOT the only truth.
The author is leaving oil stained footprints behind him! No mention is made of the extraordinary rise of alternative energy production in the last few years. They literally have a backlog on solar panels because the demand is so high that the manufacturers can't keep up with the demand. Same thing for wind turbines. All over the world alternatives have taken a big chunk out of the market for oil but it isn't the actual amount involved which by comparison is small (although Big Coal took a hit as solar furnace energy plants and wind farms supplant coal plants construction).
It is the projected amount of oil that will not be used that Big Oil and Gas are worried about. Opec sees a grim future where the world turns away from fossil fuel use and in response to a very powerful surge in alternative energy use, Opec dropped prices to hurt that industry as much and maybe more than it did fracking. Shale was always a bad choice as it was super polluting and expensive plus it was actually slow. Fracking was much faster.
So Opec dropped prices and hurt the Oil Shale industry, it hurt the fracking boom but the author never mentioned the other target. The inexorably advancing competitor that Big Oil fears most of all... the phenomenal rise of solar and wind.
Only a few years ago Big Oil felt safe because alternatives weren't yet economically competitive but in the last few years they have become competitive and in many cases (wind power) they are cheaper to use than fossil fuel energy production.
Let's just say that there is a change in the wind and a bright sunny day is in our future and OPEC went to war.
Someone should tell this author... about that other 'oil' war ... the one that OPEC isn't winning.