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Société. Blog. History and Analysis -Crude Oil Prices. OPEC has seldom been effective at controlling prices.
Often described as a cartel, OPEC does not fully satisfy the definition. One of the primary requirements of a cartel is a mechanism to enforce member quotas. An elderly Texas oil man posed a rhetorical question: What is the difference between OPEC and the Texas Railroad Commission? His answer: OPEC doesn't have any Texas Rangers! Historique OPEP, vidéo Historique OPEP, vidéo - Archives vidéos.
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