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Thinking critically 2 - Essay Example

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The main point that the author makes in the reading is the misconception that oil-producing countries exploit consumers by causing, and benefiting from, high final prices. The author noted that while crude oil prices remain constant, fairly, across nations, taxes that…
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Thinking critically 2

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Thinking critically 2

Download file to see previous pages... Based on data on ‘who gets what,’ OPEC wealth and power, remains low, compared to those of consuming countries. This is because their net revenues from oil are lower and they have little influence on prices of oil products in consuming countries (OPEC ...Download file to see next pagesRead More
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