Energy Prospectus

OPEC Revenues to fall 46% by the end of 2015

The Energy Information Administration (EIA) estimates that OPEC revenues from net oil exports will fall substantially from 2013 levels. The EIA estimates that OPEC, excluding Iran, will earn about $700 billion in revenue from exports in 2014.The forecast is a 14% decrease from 2013 earnings when the cartel earned approximately $821 billion, and the lowest earnings for the group since 2010, according to the EIA’s Short-Term Energy Outlook.

http://www.oilandgas360.com/opec-revenu ... 5-26401157

They are not alone, that is,.....suffering........

"Prolonged periods of lower oil prices have the largest effect on OPEC countries that are more sensitive to losses in revenue, most notably Venezuela, Iraq and Ecuador. Governments in these countries were already running fiscal deficits in 2013, and are already beginning to see increased civil unrest."

Article on this topic: http://watchdog.org/187175/an-opec-crack-up/