ABSTRACT
Much is available in the literature on OPEC: why it was formed, what it has done, and where it will go. The study of OPEC behavior has become a big-time business for academics, consultants, and political risk analysts. Not only are the oil companies and banks willing to pay for studies that attempt to explain OPEC behavior, but also governments (in particular, the U.S. government) have sponsored many studies to unravel the magic of OPEC decision making.
