Look who may gag greenhouse gases: Yes, it’s OPEC+ and its Oil Output Cuts

By Douglas McIntyre  •  December 9, 2024

Douglas McIntyre, editor-in-chief of Climate Crisis 24/7, discusses how OPEC+, by maintaining reduced oil production, is causing a drop in global oil supply, something that reduces pollution. That’s because the move is likely to lead to higher gasoline prices, thus discouraging driving and other fossil fuel-dependent activities. He cautions, though, that the oil organization might increase production next year, potentially lowering prices and increasing oil consumption again.

  1. Finding a fiduciary financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 financial advisors that serve your area in 5 minutes.
  2. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Get on the path toward achieving your financial goals!