{"id":85132,"date":"2009-12-16T11:08:00","date_gmt":"2009-12-16T16:08:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/opec-doesnt-have-what-it-takes-2009-12"},"modified":"2009-12-16T11:08:00","modified_gmt":"2009-12-16T16:08:00","slug":"cibc-analyst-rubin-opec-doesnt-have-enough-oil-to-feed-us-anymore","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/85132","title":{"rendered":"CIBC Analyst Rubin: OPEC Doesn&#8217;t Have Enough Oil To Feed Us Anymore"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=3db9b914c5ce9149f8ac1900\" border=\"0\" alt=\"opec tbi\" \/><\/p>\n<\/p>\n<p>Jeff Rubin, the former chief economist for CIBC World Markets, <span class=\"first-letter\">has an insightful piece on <\/span>why the U.S. can&#8217;t rely on OPEC: Its member states that are guzzling down their own oil.<\/p>\n<p style=\"padding-left: 30px;\"><span class=\"first-letter\"><a href=\"http:\/\/www.theglobeandmail.com\/blogs\/jeff-rubins-smaller-world\/why-you-wont-want-to-rely-on-opec-down-the-road\/article1401338\/\">TheGlobeAndMail.com:<\/a> O<\/span>PEC, together with two non-cartel oil producers, Russia and Mexico, consumes 14.5 million barrels of oil per day. That&rsquo;s nearly twice as much as China, in case anybody is keeping track. Oil demand among OPEC members has been growing at well over double the world average. And the more these countries consume their own oil, the less they have to export to you.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.theglobeandmail.com\/blogs\/jeff-rubins-smaller-world\/why-you-wont-want-to-rely-on-opec-down-the-road\/article1401338\/\">Continue reading here.<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/opec-doesnt-have-what-it-takes-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/former-cibc-oil-225-by-2012-2009-12\">Oil&#8217;s Going To $225 By 2012, Says Analyst<\/a><\/li>\n<li><a href=\"http:\/\/searchengineland.com\/thoughts-on-bing-news-corp-opec-for-news-30307\">The Myth Of An \u201cOPEC For News\u201d<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/opec-thinks-current-oil-prices-are-fine-no-need-to-increase-production-2009-11\">OPEC Official: There&#8217;s Plenty Of Supply, And Oil Prices Are Just Fine<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/U8xIWdrdPR8\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jeff Rubin, the former chief economist for CIBC World Markets, has an insightful piece on why the U.S. can&#8217;t rely on OPEC: Its member states that are guzzling down their own oil. TheGlobeAndMail.com: OPEC, together with two non-cartel oil producers, Russia and Mexico, consumes 14.5 million barrels of oil per day. That&rsquo;s nearly twice as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-85132","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/85132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=85132"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/85132\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=85132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=85132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=85132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}