> Has $10 trillion of proven oil reserves, even at today's oil prices
Money isn't the only concern when it comes to oil. Reduction of CO2 emissions is a goal that is becoming more important. Supply with oil is a huge concern for militaries. So the oil demand might drop down even further. Meanwhile you have countries like Venezuela or Nigeria that won't reduce their output.
Money isn't the only concern when it comes to oil. Reduction of CO2 emissions is a goal that is becoming more important. Supply with oil is a huge concern for militaries. So the oil demand might drop down even further. Meanwhile you have countries like Venezuela or Nigeria that won't reduce their output.