Hard Times for OPEC?by Bill Chameides | December 11th, 2009
posted by Erica Rowell (Editor)
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The global economy has slowed. Oil prices have fallen. Are the 12 member states that make up the Organization of the Petroleum Exporting Countries, better known as OPEC, hurting?
You be the judge.
Net OPEC Oil Expert Revenues (in billions of 2000$s)
2009 : 459
2010: 598 (projected)
For comparison (in billions $s)
U.S. private investment in energy R&D in 2007: under 3
U.S. government investment in energy R&D in 2007: 1.9
U.S. government investment in space R&D in 2007: 11filed under: economy, faculty, international, oil
and: economics, global economy, OPEC, Organization of the Petroleum Exporting Countries