OPEC’s power decreasing

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OPEC’s power decreasing

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CNN Money: End of OPEC is closer to reality

Article published: Feb 10, 2015 – out of date: no longer suitable for your IB Economics commentary

IB Economics syllabus: Microeconomics and International Economics

Source of image: IT Works for Business

You might also want to have a look at these charts about oil output, demand and U.S. imports.

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By | 2017-08-23T11:01:39+00:00 February 14th, 2015|International Economics, Micro|Comments Off on OPEC’s power decreasing

About the Author:

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 6 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.

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