Sunday, 23 September 2018

OPEC, Like a Dying Star, Is About to Go Supernova - Bloomberg

OPEC, Like a Dying Star, Is About to Go Supernova - Bloomberg:

OPEC is dying. President Donald Trump will probably rejoice. But he may not like what takes its place any better.

For a while, in its youth, the group burned so very bright, helping members wrest control over their oil industries and stand up to foreign producers — and their governments. But now, like every star, it is about to implode.

When a star runs out of hydrogen fuel its core contracts and heats up, while the outer layers expand. It will then go one of two ways — either collapsing into insignificance to become a black dwarf, or exploding as a supernova.

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