MixedBag

During Paris 2015 conference on global warming, 196 countries out of 198 signed a global agreement. The conference talked about impact of Global Warming and price they are willing to pay to maintain global temperature within a threshold. This is really serious topic, the change in temperature impacts agriculture and food security, droughts, floods, storms and hurricanes. Global warming is greatest challenge for 21st century and it can't be fought alone. Richer countries like USA, Canada, European union took more responsibility to take the world in new age of renewables from natural gas and petroleum. While developing countries planned to shift from mediocre Coal plants to renewables. Even with this in goal, everyone knew, there would be intermedieate dependence on petroleum. So let's take a look at current petroleum economics. There are 198 countries but top 10 countries have 87% of global crude oil. Not all of these countries are working together. OPEC consisting of all b