What Does OPEC Do and Should We Care?
November 24, 2023
11 min
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4,345 of 4,836
November 24, 2023
What Does OPEC Do and Should We Care?
0:00 / 11:31
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11:31This episodeWhat Does OPEC Do and Should We Care?
Summary
Contrary to conventional beliefs about how the Organization of Petroleum Exporting Countries operates, there are many reasons to believe OPEC has fewer degrees of freedom than most people believe. That misperception can serve the needs of politicians searching for a bogeyman. Peter Van Doren and David Kemp explain why in <a href="https://www.cato.org/policy-analysis/misperceptions-opec-capability-behavior" rel="noopener noreferrer" target="_blank">a new paper</a>.</p><hr /><p style="color: grey; font-size: 0.75em;"> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color: grey;" target="_blank">acast.com/privacy</a> for more information.</p>
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