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opec's end?

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posted on Jun, 9 2011 @ 11:50 AM
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what does this mean no more opec ??Have they lost the once mighty power they had?? news.yahoo.com... from the link

Dissent within OPEC erodes cartel's power
i know this was news a few years ago but it seems this just might be the end of it from the link

VIENNA – OPEC's stunning admission of major dissent within its ranks has left it reeling and its status as the world's oil power-broker tarnished, perhaps beyond repair. But is a weakened cartel good or bad for consumers?
yes this is the burning question what does this do to the price????




posted on Jun, 9 2011 @ 03:55 PM
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Perhaps another competitor will buy them out? Thus increasing said companies control of the oil market exponentially. Just a guess though, I could be absolutely wrong.


Should be interesting to see what comes from this though.



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