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Oil Output Cuts Won't Work - Economic Change Means Opec Has Lost Control Of The Price - Forbes
Forbes | Oil Output Cuts Won't Work - Economic Change Means Opec Has Lost Control Of The Price Forbes The point and purpose of running a cartel is, of course, to raise the price at which you can sell your product. Or if you're trying to be a monopsonist, lower the price you have to pay as those Silicon Valley firms did with their collusion. The trick ... Oil producers look into rollover of output cuts OPEC, non-cartel nations may extend oil cut another 6 months |
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