this post was submitted on 04 Mar 2024
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EV's are bad for the American OPEC monopoly
What the hell does that even mean? The USA aren't even part of the OPEC^1^, how are they supposed to be in the "OPEC monopoly"? Or do you mean Venezuela with America? And why monopoly? OPEC/ OPEC+ are only responsible for 30-40%^2^ of crude production, that is a weird monopoly.
^1^ https://www.opec.org/opec_web/en/about_us/25.htm
^2^ https://www.bbc.com/news/business-61188579
America controls Saudi, Kuwait, Iraq and Venezuela. Only Iran falls outside and if they start doing naughty things they are going to get invaded.
America is the largest oil producer in the entire world
https://en.wikipedia.org/wiki/List_of_countries_by_oil_production
Country Oil production September 2023 (bbl/day)
United States 12,900,000[8]
Russia 9,480,000[9]
Saudi Arabia (OPEC) 9,060,000[9]
Canada 4,778,973[10]
So, still no monopoly. Even IF we counted OPEC as "American OPEC monopoly" they together would only account for 50-60% of crude oil production. Far away from a monopoly, maybe you should read up on the term monopoly.
And even then, OPEC most of the time acts against US interests. Crazy how big the "control" and influence the US has over these countries and OPEC then. They have so much control that even Russia is part of OPEC+ since 2016. AMERICA STRONK!