Will OPEC Cut Production to Prevent Producer Deficits? [View article]
OPEC does not really exist. It has no way of inforcing its cuts. Instead as the price goes down and the different countrys need more money, they pump more oil to replace the losses from the lowered price.
If one company has a monopoly it can control prices. There is no way many countrys can control prices.
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OPEC does not really exist. It has no way of inforcing its cuts. Instead as the price goes down and the different countrys need more money, they pump more oil to replace the losses from the lowered price.
Oct 21 20:06 pm
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All Comments by CLH »Will OPEC Cut Production to Prevent Producer Deficits? [View article]
If one company has a monopoly it can control prices. There is no way many countrys can control prices.