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How Might Major Oil Exporters React?

exporters Oil react
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How Might Major Oil Exporters React?

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Activists and politicians in oil-consuming industrialized countries may not intend their remarks to be seen as hostile by oil exporters. The sad reality is that Western advocates have likely not given even a moment’s thought to the implications of their anti-oil stance for oil exporters. Nevertheless, oil exporters can be forgiven for finding such statements quite threatening. In the face of such apparently hostile statements from across the political spectrum in oil-consuming countries, oil producers might react in a number of ways – depending on their perception of the seriousness of the threat. • Their simplest response would be to ignore escalating Western claims about weaning themselves off oil as some bizarre form of Liar’s Poker among Western political classes. Oil exporters might look at the actual continuing growth in oil demand and conclude that consumers do not intend to follow through with the necessary hard choices. Additionally, oil exporters could sit and watch Western d

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