07.02.2014 - The decline of OPEC and what it means for oil
It is the world's most famous cartel. OPEC currently controls almost three quarters of the world's crude oil, a commodity that, as of right now, industrialized nations cannot do without. Ever since the 1973 Arab oil embargo when the cartel caused global oil prices to quadruple, the twelve nation group has been the judge, jury, and executioner for global oil prices...............................................Full Article: Source
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