OPEC: TRYING TO BE A CARTEL

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP90-00806R000200870006-8
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: July 14, 2010
• Sequence Number: 6
• Publication Date: March 16, 1982
• Content Type: OPEN SOURCE

Sanitized Copy Approved for Release 2010/07/14: CIA-RDP90-00806R000200870006-8
ARTICLE ArPEA
OBI PAGE O
Exportfns Coutries prepares to meet
in Vienna on Friday, analysts are Bug-
prices, peihapsirretrievably.
? "OPEC maybe facing the biggest..
$ `oll:market,"`says, Daniel Yergin, an
:'a..gnergyeagert at Harvard University.
;.ethers are evert more emphatic.
"OPEG it 100 percent dead," William.
Brown of the Hudson Instituteasserts:.
,'There's nothing to save them."
Mr.: Brown and similar critics are.
referring: to what OPEC is able to--
achieve achieve as ? a would-be cartel, not to
the.inlluenceof Its Individual member
ilagtheC 4iargelybecause'btheig?~teited.ef-
has not happened since' the Arab ot1 iicueacy: rrt the use!: of .eriergys world= ? world, compared with 6tpercent three
embargo of 1973' afialy~sts Such as 3, wide of 'producUon bas_ fallen 1r3;per. Ycer's ago.. '! 1
Mr:;'Brown of - the Hudson -Institute ''.cent from 1979, to 40.2' million barls 9T1e 13 countries, many of which
suggest that. It :could drop to half its, s' day froin 48 6 millinn c accMAing to . a~ ' experiencing. sere cash-flow
;?
?
;
cuurreatlevel.' ~ ? (` :'r ny ;>
To be sure,- th re >Lre others'
warn agaiirst beingrso quz3ck;to couat~ f
OPEC out.,Tbee' caution that:pglltieal
disruptions in the Middle East: could
) alter :'thee world- oik. market, ;a]mosi =
d?ove , w#th;it,`s?inllrs.:~.
y.4;encen andoilembarggo, fortQPEC'
, ezam ; M
plectaptd` bring:storks"tordowry qurtckly
j , aiudi t i sersmble supplies that ~- .
crnil rne