Even big superpowers like the United States, a key role player in the oil industry, cannot afford to sit still. The US has recently filed suit against the OPEC or Organization of Petroleum Exporting Countries, which has allegedly lowered its production and affected oil prices causing incalculable damage to the global economy, and that
of
the US as well.
This signal or premonition paints a gloomy picture of the future of the energy sector. Waves of energy crisis will emerge. The US is known for its oil reserves, probably
the largest in the world to date. It also has an arsenal
of leverage tactics.
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