12.08.2013 - You handed OPEC a trillion dollars again last year
Export earnings among OPEC members rose to $1.26 trillion last year. That's up from the $1.15 trillion it earned in 2011. That's an incredibly large number. The entire U.S. economy is estimated to be $16.62 trillion, meaning OPEC's earnings are about 7.5% of the size of the entire American economy. While the U.S. isn't solely responsible for pouring a trillion dollars into OPEC's coffers, it is on track to send another $400 billion to foreign nations again this year. About 39% of that will end up padding OPEC's bottom line this year...............................................Full Article: Source
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