User 108618

Is OPEC Killing Itself?

OPEC knows about the truth of "peak oil" As long as oil demand will continue worldwide, they will continue to get the maximum price of their black gold for as long as the oil reserves can provide. These countries have been lying through their teeth when they overstate the amount of their oil resereves. Nobody really knows how much oil is still undergound. So why not make the most money out of their shrinking reserves and who cares about about alternative source of energy.
With their petrodollar they can buy out a lot of businesses throughout the world to continue their world dominance financially and secure their futures once their oil drys out .