[Oil prices won’t soar in 2017, and OPEC is the reason 

One month on, the move seems a success, as crude prices CLG7, -0.32%   climbed from $46 to $54 per barrel, underscoring a year in which oil’s 60%-plunge since 2014 finally bottomed out at $35.

Don’t hold your breath.

Yes, the decline of recent years has bottomed out. But prices aren’t about to soar because the economic conditions aren’t there. On the contrary, 2017 will expose the new-and-improved producers’ cartel as the same failed idea it has been even in its best times.
[...]
http://www.marketwatch.com/story/oil-prices-wont-soar-in-2017-and-opec-is-the-reason-2016-12-29
And there's the matter of solar now matching even low oil prices:

http://readersupportednews.org/news-section2/318-66/41073-its-official-solar-energy-cheaper-than-fossil-fuels