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Commodities Briefing - Categorized | Energy, Price Watch more

Let the market decide our energy sources

Posted on 04 March 2013

For the past 40 years, since the Arab oil embargo of 1973, Opec has conspired to set the global price of oil. The rest of the world has simply observed this staggering restraint of trade and done nothing.
If western oil companies tried to do what Opec does, they would be prosecuted within hours. The producers’ cartel, however, can get away with it because its members own 78 per cent of the world’s oil reserves and lie beyond our courts………………………………………..Full Article: Source


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VRS - who has written 36706 posts on Opalesque Commodities Briefing.


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