Question

Should the US just apply to join OPEC to avoid a future oil crisis?

Answer 1

OPEC, also known as The Organization of the Petroleum Exporting Countries was founded in Baghdad, Iraq, with the an agreement that was signed in September 1960 by five countries namely Islamic Republic of Iran, Saudi Arabia, Iraq, Kuwait, and Venezuela. Currently there are 14 members in the organization. In my opinion the U.S. need nit to apply to join OPEC for the avoidance of future oil crisis. Although the prices of oil are high now, but in the coming years the more unconventional oil and gas would likely to leave U.S. shores. The more large logistics organisations and others would shift to innovated optimized technologies that will limit the usage of oil. Moreover there would be the bevy of alternative fuels for transport waiting in the wings for the new oil price spike, inclusive of natural gas, electric batteries, and hydrogen. Thus the U.S alliance for oil-for-security is not needed with OPEC.