| The global energy market can be a scary place for America. For decades, one of the biggest reasons has been the cartel known as OPEC. Saudi Arabia and the 11 other nations that make up the Organization of Petroleum Exporting Countries collude openly, setting production limits and shaping the world oil market in their interests.
Concerns about OPEC have driven American energy policy ever since a devastating six-month embargo by Arab oil producers in 1973 plunged the nation into recession and seared the four-letter acronym into the national consciousness...............................................Full Article: Source
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