Sentences to ponder
The confusion and distrust about production is so deep that Opec members regularly request data about fellow members' production from the International Energy Agency. This is ironic because the IEA, created after the 1970s oil shocks as the western countries' oil watchdog, is basically to Opec what Nato was to the Warsaw Pact.Read more at the Financial Times; interesting throughout. Thanks to Carpe Diem for the pointer and where you can find more quoted.
Labels: oil prices