Venezuelan President Hugo Chavez is pushing for an cut in oil production as he hosts an OPEC meeting this week, but he appears to be a lone voice as other members of the cartel will probably want to keep output unchanged to temper soaring prices. (Washington Post, Tuesday)
The power of international cartels isn't all it's cracked up to be.
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Voluntary and Coercive Cartels: The Case of Oil by David Osterfeld