Consider OPEC as a Central Banker
Oil is the global currency, and the Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, has operated in essence as the world's central bank for oil since its founding in 1961.
OPEC has attempted to maintain a consistent supply and price of oil in balance with the demand for it, similar to the way that central banks attempt to manage the supply of monetary capital to the economies they serve....464 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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