Provocative commentaries on international issues, social development, and people and places by a veteran journalist
Will the money be enough?
Published on February 10, 2009 By PranayGupte In Current Events

Based on projections from the Energy Information Administration's February 2009 Short Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $402 billion of net oil export revenues in 2009 and $530 billion in 2010. Last year, OPEC earned $971 billion in net oil export revenues, a 42 percent increase from 2007. Saudi Arabia earned the largest share of these earnings, $288 billion, representing 30 percent of total OPEC revenues. On a per-capita basis, OPEC net oil export earning reached $2,688 in 2008, a 40 percent increase from 2007.


Comments
on Feb 11, 2009

Not trying to be nasty, however, "What is your point?"

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