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In this paper, we analyze the question of membership in a non-renewable resource cartel, with specific application to … OPEC. One would expect the benefits of cartel membership to be positively related to the size of remaining reserves, while … domestic petroleum consumption should be negatively related to membership if countries care about consumer interests. Our …
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With the global economy heading towards a severe oil crunch probably by 2015 or thereabouts, an analysis of Saudi oil fundamentals is causing the world disquiet and worry bordering on panic. Oil-importing nations have long treated Saudi Arabia as an infinitely deep well of crude oil supplies....
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