Quote:
Originally Posted by geotag277
OPEC is kind of like a price fixing cartel. This kind of organization to fix prices would be illegal in many Western countries, but they supply a majority of the world oil so they somewhat can do what they want.
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Although we do allow cartels to operate in professional sports (i.e. franchise-based leagues).
Quote:
Originally Posted by Bokimon
Its a complicated topic I know but to me it seems there is an element where OPEC has a part to play in and maybe they might have some sinister side to all this. I don't even know if our gov. can even plea to OPEC to stop all this excess production. Sounds too wishful to be a reallity. All I know is they are in record production state while we are dead in our derricks.
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Are we really in a position to tell other countries not to exploit other countries like we have in the past, which allowed us to establish our current way of life?
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