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Since 2018, and only if you don't think of OPEC as a single block (which in many ways they are). Also, being a top producer in the short term is just another e
by riehwvfbk 2y ago
Since 2018, and only if you don't think of OPEC as a single block (which in many ways they are). Also, being a top producer in the short term is just another example of short-term thinking. 80% of the world's oils reserves are in OPEC countries. Burning through a limited supply in record time is hardly something to be proud of.
- bryanlarsen 2y ago80% excluding oil sands. Which is silly, because the oil sands are economically viable reserves, and would be even more so during a global crisis. The oil sands contain hundreds of years worth of oil supply at current rates.
- polotics 2y agoOk... What is the EROEI of these reserves?