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# #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

OilPrice.com

OPEC’s Trillion-Dollar Bet Against U.S. Shale | OilPrice.com

OPEC's strategy to defend market share against US shale oil production has cost them trillions in lost revenue, but they may finally be seeing...

#oil #BloodandOil #MichaelKlare