OPEC's internal contradictions

The economy riddled, food and housing scarce Algeria also need high oil prices. International Monetary Fund (IMF) said the oil price is not less than 121 U.S. dollars / barrel, Algeria to balance domestic spending.Fracturing proppant Government data show that in the first four months, the Algerian oil and gas revenues declined by 9%. The finance ministers will be directly attributed to the U.S. shale oil production increased. Important source of foreign exchange blocked, Algeria had to reduce public spending. Responsible for security affairs consulting firm NorthAfricaRisk Jeff Potter pointed out that in the case of not rising wages slashed social allowances will only increase instability.

2008 economic crisis caused by the global financial crisis, oil prices fell to lows. The face of external difficulties,ceramic ball then abandoned the hatchet of OPEC member states unanimously agreed to cut 400 million barrels / day of production quotas to support oil prices. However, the supply of crude oil in North America once again highlighted the dramatic increase in OPEC's internal conflicts, opposing sides have said that the current to reach a unified position is much more difficult than before.

International Energy Agency (IEA) predicts that by 2018, crude oil production in the United States and Canada, based on an increase in the current 21%. This is undoubtedly a stunning reversal. Since the 1970s peak, U.S. oil production has continued to decline until 2008 because the contribution of shale oil before re-see the improvement.unconventional gas Hydraulic fracturing technology breakthrough liberated USA North Dakota and Texas and other states buried shale oil resources, so that U.S. crude oil production hit a 21 year high.