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Is This 'The Beginning Of The End' For OPEC?

Is This 'The Beginning Of The End' For OPEC? - United States Oil Fund ETF ETF:USO, VelocityShares 3x Long Crude ETN ETF:UWTI

Saudi Arabia is a founding member of the Organization of the Petroleum Exporting Countries (OPEC) and its largest member. So, why is the country hinting that it may pursue a future in which the organization is irrelevant?

Saudi Arabia has indicated in the past that it no longer cares for OPEC's traditional role of managing supply and output levels for its member states. Instead, the country has adopted a strategy of boosting output to acquire a bigger piece of the market, even at the...


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