"OPEC at 60: An oil cartel on life support" (Commentary by Jeff Colgan)
"OPEC is significant primarily as a political club. It fails economically as a cartel, but it does boost the prestige and standing of its members, most of whom would not otherwise have a seat at the table in world affairs...A functional cartel needs to set tough limits to production and stick to them. OPEC sets easy targets and still often fails to meet them," Director of Security Studies and Richard Holbrooke Associate Professor of Political Science and International and Public Affairs, Jeff Colgan.
September 14, 2020 DW
"OPEC is significant primarily as a political club. It fails economically as a cartel, but it does boost the prestige and standing of its members, most of whom would not otherwise have a seat at the table in world affairs...A functional cartel needs to set tough limits to production and stick to them. OPEC sets easy targets and still often fails to meet them," Director of Security Studies and Richard Holbrooke Associate Professor of Political Science and International and Public Affairs, Jeff Colgan.