| The commodity cycle is a major distraction for investors in the oil market. New energy technologies such as solar and wind will command a larger and larger share of the energy pie, but our thirst for energy continues to grow -- and oil will remain a pivotal component of the overall mix for many years to come.
With this in mind, let's look at some of the longer term opportunities that will shape the way oil will be produced in the future, and how investors will be able to make a decent profit in the process. As a single entity, OPEC oversees the between 70% and 80% of the world's proven oil reserves, and more than 40% of total production. At its current rate, production could be sustained for approximately 90 years. As long as the member countries all have oil in the ground, they have a common interest in sticking together to maintain certain production levels........................................Full Article: Source
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