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Essay Details:
Essay text:
OPEC is one the biggest international Cartel in the world. Numerous people write and speak about this co-operation, for his great influence in our everyday life and in our economics. This is a theme of great relevance.
The structure of my essay follow my study in depth of this subject, starting from the general information and studies on the cartel, founding the main characteristic and using them to study OPEC cartel efficiency.
My aim is to found in OPEC point of strength and of weakness (as a cartel), and compare them in a conclusion of the essay. In this way I will analyze the market of crude oil, the principle producers of crude oil, their production and consumption, the homogeneity of the products, their way of production, the agreement of the price and the coordination in the price fixing, some hint on demand of crude oil and the detection of deviation, how much is legally dangerous for OPEC members their collusion...
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