Bravo OPEC+

 The main economic principle is that “people respond to incentives”. The green transition has many aspects and problems. This gives opportunities to other economic actors. These opportunities are especially important to the actors losing their benefits due to the green transition. The current OPEC+  decision responds to two opportunities both related to the increasing oil prices. First of all, the reduction in oil production will definitely increase oil prices, and thus, revenue in the short run. In the long run, the length and cost of the green transition also dramatically increased. This guarantees significant revenue growth over a ten-year horizon. At the same time, the green movement has to survive to continue to push the green agenda. The driver of high oil prices needs the full support of OPEC+. For example, support for Greta will help a lot.