Is opecs power likely to increase decrease or stay the same


Global Energy Reserve

Address the topic of whether the "peak oil" argument legitimate is cause for concern. Be sure to address the following points.

1. Can discoveries continue to keep up with depletion? Why or why not? If so, for how long?

2. Is OPEC's power likely to increase, decrease, or stay the same? Why?

3. Saudi oil reserves are enormous. Do you anticipate Saudi Arabia will significantly expand its oil production capacity? Why or why not?

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International Economics: Is opecs power likely to increase decrease or stay the same
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