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What method does OPEC use to increase is profits?

Anonymous

∙ 12y ago

Updated: 8/22/2023

OPEC controls the oil but oil companies control the price. The oil compnies contention is that if OPEC releases 100,000 barrels of oil it is worth 5 times the amount if OPEC released 500,000 barrels. Do not get me wrong, always follow the profit reports. Big oil sets the price on a fake demand.

Wiki User

∙ 16y ago

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Continue Learning about Economics

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