OPEC will change its strategy and produce more oil if the world demands more oil. The US, China, India and the European countries are the major investors in the oil market. They want to gain control of their share of the market, which they can do by producing more oil than the other oil producers in order to get a higher price. OPEC will need to change its strategy and produce more oil if the world demands more oil.
OPEC is producing more oil than before and producing more at a faster pace. If you look at the statistics you will see that OPEC is now producing more than a million barrels of oil every day. OPEC has been producing more oil because it does not want to loose control over the market. The price of oil has increased so high that oil producing countries need to increase production in order to keep up with the demand.
In the future, the oil price will fall further and more countries will increase production because they do not want to lose control over the market. The only way that they will be able to produce enough oil to meet all of the demand is if they produce even more oil than they currently do. OPEC has decided that they would like to increase production if the price of oil falls below their price level.
It is important that people do not get too worried about this, because the price of oil prices are always going to rise. There will always be oil supply and demand. The price of oil will continue to increase until there is a major oil supply disruption, which will cause an oil price decline.
It is true that oil prices have been increasing for quite some time and will continue to increase for quite some time. Some people are concerned about the future of the oil industry, but everyone needs oil, it helps our society and economy to function properly. Oil is needed to produce energy and there is an unlimited supply. It is also needed to create goods and services.
The demand for oil will increase, and the supply will increase as well. When the world produces more oil than the world needs, prices will decrease. OPEC will likely decide to change its strategy and produce more oil if the price drops enough to put them out of business, which is unlikely.