MBA 548 MBA548 MBA/548 The Death Of OPEC – Project Syndicate (1)

MBA 548 MBA548 MBA/548 The Death of OPEC by Anas Alhajji Project Syndicate (1).pdf MBA 548 MBA548 MBA/548 Revised Week 6 Assignment PROFILE AWARENESS

https://www.s olvedcollegep apers.com/pro duct/mba548-mba548mba-548-the https://www.s olvedcollegep apers.com/pro duct/mba548-mba548mba-548-rss

Turn static files into dynamic content formats.

Create a flipbook

MBA 548 MBA548 MBA/548 The Death Of OPEC – Project Syndicate (1)

Published on Nov 24, 2021

solvedcp

JUL 26, 2016 The Death of OPEC IRVING, TEXAS – The Organization of the Petroleum Exporting Countries is dead. SaudiArabia killed it. Now, OPEC is just a toothless zombie, attracting attention, but without having any impact on the living. Few have noticed OPEC’s demise for a simple reason: it never really had the impact that itwas widely perceived to have. It was never actually a cartel, possessing monopolistic market power. Anyone who thought otherwise was mistakenly attributing to it SaudiArabia’s market power.And Saudi Arabia’s power is expansive. It remains the dominant producer in world oil markets, and its political and economic decisions shape global energy economics. This impact will be intensified if the Kingdom resurrects Arab Light as the global benchmarkcrude.Of course, new players in the energy‑production game could conceivably https://www.solvedcollegepapers.com/product/mba-548-mba548-mba-548-the https://www.solvedcollegepapers.com/product/mba-548-mba548-mba-548-rss

Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.