# #OPEC's Trillion-Dollar Bet Against #US #Shale
"It’s important to note that OPEC countries possess 70% of the world’s proved oil reserves. #Russia has another 6%, while the U.S. only has 4%. So, the U.S. and the rest of the world stand to lose economically in the long run if non-OPEC production declines and OPEC regains market dominance."
https://c.newsnow.co.uk/A/1232913510?-1938:2386
https://oilprice.com/Energy/Crude-Oil/OPECs-Trillion-Dollar-Bet-Against-US-Shale.html
#oil #BloodandOil #MichaelKlare