OPEC Signals Oil Cutback
JUNE 12, 2012
“OPEC’s president signalled on Monday it could act to reduce a glut of oil that has knocked the price down towards double digits, but said it was unlikely to set individual country production quotas at a meeting this week.” (Christian Science Monitor)
OPEC is more show than substance.
FEE Timely Classic
“Voluntary and Coercive Cartels: The Case of Oil” by David Osterfeld