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4min chapter
What Does OPEC Do and Should We Care?
Cato Daily Podcast
The Limitations of OPEC's Control and the Impact of Price Fluctuations
Discussion on the constraints OPEC faces in controlling oil production and the difficulties in predicting the impact of their decisions on oil prices. It also explores the political importance of blaming OPEC for gasoline price fluctuations and the limited control officials have over prices.
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