That's a serious question.
After today's OPEC meeting, Saudi Arabia said it would pump more oil, even though there was no agreement among members to actually hike output.
What, then, is the point of a cartel, if one (very big) member can just openly flout the rules?
How is OPEC not dead now?
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See Also:
- The Holy Grail Of Energy Information Is Out!
- Here's What Happened At That Disastrous OPEC Meeting That Just Finished Up
- The International Energy Agency Just Put Out This Weird Statement In Response To OPEC
Source: http://feedproxy.google.com/~r/businessinsider/~3/v4J8frzyN0U/is-opec-dead-2011-6
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