Tag Archives: opec

Rigging equipment is pictured in a field on June 4, 2015. REUTERS / Cooper Neill

North Dakota Oil Producers Helped Topple OPEC

North Dakota Oil Producers Helped Topple OPEC

OPEC, the global oil cartel which worked to  fix prices for the benefit of its members, is dead. So writes Pascal-Emanuel Gobry in The Week. The group isn’t officially dead, but they’ve lost their ability to dominate the global oil markets. The reason? Shale oil, particularly here in the United States. Fracking has “massively expanded oil

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