Monday, March 27, 2017

Relevance Of OPEC Increasingly Questioned

Don't look now, but OPEC is losing its ability to control the price of oil | Mulshine

Donald Trump hasn't tweeted about it, so few people have noticed. But one of the more important developments in recent history is occurring in the world of oil. Many experts are saying OPEC is losing control of its ability to dictate oil prices, particularly in North America, as shale-oil production has become price-competitive with conventional oil.…