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OPEC in a Shale Oil World pp 215–245Cite as

OPEC Reinvented: A New OPEC for the Twenty-First Century

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Abstract

“OPEC is dead. Long live OPEC.” There seems to be a bit of truth in both statements. When a king dies, the new one ushers a reign that sometimes follows what his predecessor has done and builds upon it, but most often the successors establish their own stamp with new policies and directions, whose outcome is not so assured but which promises a brighter future however difficult the new path chosen.

Everything we hear is an opinion, not a fact; everything we see is a perspective, not a truth.

Marcus Aurelius

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Authors and Affiliations

  1. Department of Finance and Economics Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Dhahran, Saudi Arabia

    Mohamed Ramady

  2. Regus, Building 12, Level 4 Trust Tower, OPEC & Middle East Energy Correspondent Bloomberg News, Manama, Bahrain

    Wael Mahdi

Authors
  1. Mohamed Ramady
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  2. Wael Mahdi
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Ramady, M., Mahdi, W. (2015). OPEC Reinvented: A New OPEC for the Twenty-First Century. In: OPEC in a Shale Oil World. Springer, Cham. https://doi.org/10.1007/978-3-319-22371-1_8

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