OPEC Dilemma

OPEC Dilemma How to handle the glut

Twice in the past ten years the Organization of Petroleum Exporting Countries has sent the price of crude oil spurting, bringing riches to the 13-nation oil cartel and economic agony to just about everyone else. But now the combined effects of conservation and worldwide recession have left oil prices skidding, created a global supply glut where once there was scarcity, and shaken the foundations of the formidable cartel.

This weekend, when the ministers of the world's least loved cartel gather in Vienna, the session is apt...

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