When oil fell the first few times, OPEC may have been worried, but knew that it was nothing they could not handle. However, this most recent drop, from over $50 a barrel to less than $40 a barrel, has the group of oil producers anxious. For the last two years, OPEC countries have increased production in order to take back market share from the U.S., resulting in a massive supply glut, the main reason for this valley of oil prices. President of OPEC and Qatari Energy Minister Mohammed Bin Saleh al-Sada does not think there is reason to panic, arguing that prices remain on track to recover.

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