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OPEC Could Reap $1 Trillion This Year

Posted By MarleighJones On March 30, 2011 @ 9:13 am In Economic Crisis,Old Infowars Posts Style,Tile | Comments Disabled

Olga Belogolova
National Journal
March 30, 2011

The Organization of the Petroleum Exporting Countries (OPEC) is set to make a record-breaking $1 trillion in export revenues this year if crude oil prices remain above $100 a barrel, an the International Energy Agency official toldĀ theFinancial Times.

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“It would be the first time in the history of OPEC that oil revenues have reached a trillion dollars,” Chief IAEA Economist Fatih Birol told theĀ Financial Times. “It’s mainly because of higher prices and higher production.”

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