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I can't say I share your confidence in OPEC... It's a resource that both producers and consumers know has a limited lifespan, and upon which a lot of consumers
by garblegarble 4y ago
I can't say I share your confidence in OPEC...
It's a resource that both producers and consumers know has a limited lifespan, and upon which a lot of consumers are totally dependent. There's every reason for OPEC nations to raise prices as high as they can to extract the most revenue possible before the source disappears. They know that as every year passes, the world's dependence on them diminishes.