Why OPEC’s Foundational Conditions No Longer Hold for the UAE

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Modern Diplomacy

The institutions that govern producer cartels rest on a set of conditions that are usually invisible because they hold uniformly across the membership. When those conditions diverge, when fiscal bases stop tracking the same constraint, when monetization horizons drift apart, when one member begins extracting rent from another’s logistics, the cartel does not collapse so [] The post Why OPEC’s Foundational Conditions No Longer Hold for the UAE appeared first on Modern Diplomacy.