Who are the current members of OPEC?

[Anisha fatima + 8]

Who are the members of OPEC currently? 

[Douglas Buckland + 6,308]

Do you know how to use a search engine on the internet?

[Eyes Wide Open + 3,539]

5 hours ago, Douglas Buckland said:

Do you know how to use a search engine on the internet?

At first blush one would agree with your statement, however recently I do believe the imagery of a Opec has been shattered. 

It would be interesting to have a discussion on who is actually following any mandates issued by Opec.

Actually is Opec a functiong edidty, or have the members jumped the boat and its each country for itself....Odd how monarchies function when the cash flow get pinched is the word I will use....Maybe monarchy was not the proper description...Asking for a friend.

 

[Douglas Buckland + 6,308]

In economic theory, any cartel is inherently unstable.

[Eyes Wide Open + 3,539]

44 minutes ago, Douglas Buckland said:

In economic theory, any cartel is inherently unstable.

Now cartel is not a word i would have used, yet it does seem to be coined in that way..

https://www.sciencedirect.com/science/article/abs/pii/S0301421500000951

A Monarchy cartel...once again i cannot help myself...But of Course!...odd how simple three words can be.. yet so profound.

Edited August 25, 2020 by Eyes Wide Open

[ronwagn + 6,290]

2 hours ago, Douglas Buckland said:

In economic theory, any cartel is inherently unstable.

Please explain why. 

[Dan Warnick + 6,100]

4 hours ago, Eyes Wide Open said:

Now cartel is not a word i would have used, yet it does seem to be coined in that way..

https://www.sciencedirect.com/science/article/abs/pii/S0301421500000951

A Monarchy cartel...once again i cannot help myself...But of Course!...odd how simple three words can be.. yet so profound.

You miss him, don't you?  @Jan van Eck

[Dan Warnick + 6,100]

21 hours ago, Anisha fatima said:

Who are the members of OPEC currently? 

Interesting.  I didn't know the Who was also a member of OPEC.  Thanks.  I'll get my coat....

[Eyes Wide Open + 3,539]

9 minutes ago, Dan Warnick said:

You miss him, don't you?  @Jan van Eck

I miss his intellect and perhaps more along the lines of just how he processed  his thoughts. As I stated time is fire in which we burn, he was able to enable that fire for me once again. 

There are two forms of high intelligence in my opinion, conscious competency along with subconsciously skilled most of humanity is gifted with one or the other. van Eck had both...it was stimulating to read and comprehend how he connected the dots.

He played a fascinating game...a very..very rare commodity in today's world.

 

 

[Douglas Buckland + 6,308]

3 hours ago, ronwagn said:

Please explain why. 

Ron,

Without doing any research and just reaching back to the economics courses required in university, it is due to the inherent distrust between members of the cartel. This would lead to assumed cheating on quotas or other issues, especially if all members were not ‘equal’.

A more in-depth explanation would require research.

 

[Douglas Buckland + 6,308]

55 minutes ago, Dan Warnick said:

Interesting.  I didn't know the Who was also a member of OPEC.  Thanks.  I'll get my coat....

So is Pink Floyd!