History Suggests OPEC’s Days Could Be Numbered

Posted by & filed under Part 1 Business in a Global Environment.

Description: Could lower oil prices be the end of OPEC?

Source: Bloomberg.com

Date: March 10, 2015

Link: http://www.bloomberg.com/news/articles/2015-03-10/opec-beware-cartels-tend-to-end-in-tears

Questions for discussion:

  • Why are cartels under pressure when prices fall?
  • Do you think OPEC will fall apart?

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