OPEC Nations Don’t Care About Global Warming

The OPEC nations, consisting of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Indonesia and Venezuela, have declared that they have no intention of lowering their oil production levels. The organization is proposing to make a little over 1.5 million barrels of oil a day in addition to the customary 30 million to attempt to being the price of oil down.

OPEC Nations Have No Choice But to Produce More Oil

Iran had been pumping about 4 million barrels of oil a day before it was issued nuclear-related sanctions. Those are scheduled to end in a few months, and the country is promising to come back in full force. Iraq is also making a comeback, becoming the country with the biggest increase in production last month. Indonesia has been readmitted into the association of oil producing countries.

There’s been no ceiling set on the daily production of oil courtesy of these countries, but it’s bound to be much higher than 30 million barrels a day. Oil prices went down with the announcements, dropping to $39.99 per barrel in the US.

This news is both good and bad. While more countries are able to export oil, it gets in the way of making a path for clean energy. It’s obvious that the world’s leading conflicts right now are terrorism and global warming. This move doesn’t help either cause. While some parts of the world still depend on oil for daily living, it’s better to invest time and money on clean energy and making the planet that much greener.

It’s clear that OPEC nations are not yet clear on which is the priority. Fossil fuel emissions are supposed to be brought down significantly by many nations, but there must be a collective effort made if anything is to change.