Quote:
Originally Posted by chemgear
“Our expectation in OPEC is that after 2020, the oil industry in the U.S. will decline” due to the nation’s low reserves, he said. The U.S. won’t become self-sufficient in oil and will continue to depend on Middle Eastern supply, El-Badri said.
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So what happens if OPEC's expectation is wrong?
How do the members of OPEC plan on supporting their citizens when their oil supply is no longer needed?