Who Governs Global Oil Prices?

... – much more than modern OPEC at around 40%. Again, the third stage was followed by a transitional period of 1985 to 1986, as Saudi Arabia pushed for the net-back mechanism across not only petroleum products, but also crude oil. Saudis also began to reject ... ... vast inflows of liquidity without inflationary repercussions. As a result, this huge liquidity is invested back into the large developed economies that also tend to be the actual consumers of oil. It is an incredible carrousel or a resource curse, except ...