Freeman

IN BRIEF

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

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