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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