Rodent + 1,424 February 13, 2019 "OPEC is neither a cartel nor involved in the business of fixing oil prices. It would be a misjudgment to accuse us of such." -barkindo cartel: "a combination of independent commercial or industrial enterprises designed to limit competition or fix prices.... A cartel is an organization of a few independent producers for the purpose of improving the profitability of the firms involved. This usually involves some restriction of output, control of price, and allocation of market shares. "-Merriam Webster 1 Quote Share this post Link to post Share on other sites
Illurion + 894 IG February 13, 2019 Interesting. OPEC has referred to itself as a cartel for over 45 years ? Over this period, they have actively "met" in conference on a yearly basis for the "announced purpose of setting joint prices and joint production levels." Activities which certainly meet the definition of a cartel ! Now, suddenly, when their cartel is in disarray, they no longer want to be called a cartel ? Sounds like someone is trying to run some kind of PUBLIC RELATIONS program to change their image.... 3 Quote Share this post Link to post Share on other sites
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