Iran War | Political & Economic Impacts

[superrific]

Can you explain why for those of us who would like to learn?

S

Politics Thread 'The economics of OPEC and the UAE'

Yesterday at 11:19 AM

So I'm no expert on oil markets but I do know a few things about game theory. I'll lay out a few thoughts as to why the UAE is leaving OPEC. It isn't what people have been saying about Iran, imo. It's arguably better. This is a bit long because, after all, I'm putting forward coherent thoughts meant to inform. I like to be clear and start from the beginning.

1. Let's start with why OPEC exists. Essentially it solves a collective action problem.

Consider the situation of a small oil producing nation, call it U. It has X amount of oil that it can pump over the next century...

• superrific
• Replies: 25
• Forum: Politics & Other Topics

• 

 

[nycfan]

 

[mpaer]

The 4 $ "cap" just busted in Garner 4.09 seems the norm-and that was 12 hours ago