07.05.2013 - How the OPEC cartel undermines American consumers and business operations
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
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