22.12.2008 - OPEC loses its muscle
From Businessweek.com: Despite its bluster about cutting production, the cartel has been unable to marshal its members to halt oil's sliding price. Why is OPEC's reputation taking such a hit? The market views it as having let things get out of control when prices were surging. Now the cartel can't seem to contain a downward slide, either..... Full Article: Source