OPEC will be meeting in Vienna this week in order to decide on production. OPEC do not control all of the world’s oil production, but the organisation controls around 35% of it and if they reduce production by a few percentage points the oil price will rise. Since 1982 OPEC has operated a quota system [...]
Filed under: carbon emissions, climate change, energy, oil, petrol | Tagged: Dr Colin Campbell, oil pirices, oil serves, opec, OPEC reserves in the Middle East, peak oil, US daily oil consumption, US oil consumed by cars | Leave a Comment »
