Cartels: Myths and Realities

For a moment, the “C” word seemed to dominate news, following the announcement that Qatar was hosting a meeting of gas producing countries to explore pricing coordination and future strategy. Qatar quickly denied that the meeting was to establish another energy cartel, but the issue of energy cartels, their power and effect on consumers, set feverish minds working.

In the end, Russia which is the world’s largest gas producer, will head a new committee to study “gas pricing, infrastructure and consumer-related issues.”
MENAFN