IB Economics (and, not only)
economics is a dirty job but someone's got to do it
Monday, December 22, 2008
OPEC is turning into an increasingly irrelevant organization!
That's what an oil analyst recently said!
If you want a primer on cartels, OPEC, the incentive to cheat, stability etc please read this (easy) Business Week article:
OPEC Loses Its Muscle
Also, read (again?) our
October 21 post
on OPEC: 'Between a rock and a hard place'.
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