Submitted by Marc To Market on 12/11/2014 - 09:08
Market Share OPEC Real estate
Many observers have proclaimed the death of OPEC. This seems to be a premature judgment, and may reflect a misunderstanding of oligopolistic practices.
The decision not to cut production is not a sign of the OPEC impotence as has been argued. If OPEC would have cut output, and lost market share as a consequence, would OPEC's future really been brighter?