Publications: Notes at the Margin

OPEC and Russia: Trapped in a Fish Net (October 9, 2017)

 

Oil ministers from OPEC countries and Russia today are in the same position as the AT&T executives were fifty years ago or President Nixon was in 1973 when he sought to limit soybean exports to hold down prices. They want to command and control the oil market. They cannot succeed in this, but they keep trying.

 

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