| 18.11.2013 - Who really needs OPEC, anyway? |
| The Organization of Oil Exporting Countries -- better known as OPEC -- has been a dominant player in the oil market since it was formed in 1960. The 12 member countries have provided over 40% of the world's oil over the last 20 years alone, giving them the ability to move prices up or down at a moment's notice. Even a rise in U.S. oil production over the past eight years has barely made a dent in OPEC's global oil dominance...............................................Full Article: Source |