Wed, May 27, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Pulse, Oil more

How the OPEC cartel undermines American consumers and business operations

Posted on 07 May 2013

If oil prices across the globe don’t seem to square with what one would expect in a free market system, there’s a reason for that. The OPEC cartel, according to a new published by Securing America’s Future Energy (SAFE):
[H]as at times been effective in forcing up the price of oil and, thereby, allowing the export nations to obtain a significant premium captured by national oil companies on behalf of their sovereigns. At times this means a transfer of wealth from oil-consuming nations to oil-producing nations totaling hundreds of billions of dollars more than what the competitive-market price of oil would suggest………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 40662 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31