What could happen if the Opec's worry comes true

OPEC warns that the demand for oil could peak within 15 years as the market is switching towards alternative fuel cars and more aggressive climate change plans. These factors are real and very crucial right now. Green energy has always been considered as the future energy; however, when the global economy is slowing down, the governments around the world are always willing to use expansionary fiscal policies to stimulate their economies if possible. When they are thinking about where to expand government expenditure, the green energy industry is very likely to be on the top of their lists. This may be partially the reason why the current policy targeting the climate change is becoming more and more aggressive.

Once the OPEC's worry comes true, the cartal will become more likely to fall apart that their market becomes smaller and the level of competition increases. The price of oil could fall more rapidly and then the producing countries have to find their ways to boost sales quantities.