What Does OPEC Do and Should We Care?

Contrary to conventional beliefs about how the Organization of Petroleum Exporting Countries operates, there are many reasons to believe OPEC has fewer degrees of freedom than most people believe. That misperception can serve the needs of politicians searching for a bogeyman. Peter Van Doren and David Kemp explain why in a new paper. Hosted on Acast. See acast.com/privacy for more information.