[RayChuang88]

Anyone who’s taken a college course in Economics know that cartels usually fail because of the economic incentive to “cheat” to sell a product at a lower price for each cartel member.

[Dr. Sivana]

Anyone who’s taken a college course in Economics know that cartels usually fail because of the economic incentive to “cheat” to sell a product at a lower price for each cartel member.

They also fail faster when the cartel has a dominant, but not overwhelming position in the market.

OPEC members (Wikipedia): Algeria, Angola, Ecuador, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia (the de facto leader), United Arab Emirates, and Venezuela.

No U.S., Russia, Norway, Canada, Mexico, U.K. North Sea, (#2,10,11,12,20 exporting with the U.S. being huge producer that doesn't export as much) in OPEC, and many others who will happily make up the shortfall.