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5min chapter
What Does OPEC Do and Should We Care?
Cato Daily Podcast
Perception vs. Reality: The Control of OPEC and the Challenges They Face
This chapter explores the constraints on OPEC's ability to adjust oil production, the lack of enforcement of quotas, and challenges the idea that OPEC is a powerful entity. It also addresses misconceptions about OPEC's role in the gas lines of the 70s and the ease of turning oil production on and off.
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