Has OPEC outlived its purpose?

Posted by CatarinasWorld under News
From http://catarinasworld.com 4901 days ago

With Saudi Arabia and Iran battling each other is OPEC still able to control oil prices? Doubtful, since what the Kingdom does is more important than what OPEC says.

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Written by yoni67
4902 days ago

OPEC is only relevant because we in the West have made it relevant. We have been propping up dictatorial, suppressive regimes for decades by our unquenchable thirst for oil and with political policies which extend a hand in friendship rather than calling it what it really is...a monopoly.

Let's not forget how many Saudi nationals comprised the hijacking crews on 911.

I, for one, am living for the day, about ten years after the world fully switches over to alternative fuels, when the Middle East's Bentleys, Rolls-Royces and Bugattis will be traded in for Yugos. Hope I live that long.

Yoni

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