Is OPEC Too Big To Fail? Not Anymore

A lot of people, including several OPEC members, thought the oil slump would be easing by now. Instead, as oil prices languish near multi-year lows and experience unprecedented volatility, it’s now unclear how long it will take oil prices to recover. Indeed, OPEC now appears poised to wait out the period of low prices even if that takes months or even a couple of years.

Read more: http://tinyurl.com/oeyw8u4