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THE EVIL EMPIRE? Which brings us to the matter of OPEC, the Organization of Oil Producing and Exporting Countries, the evil cartel I'm certain every American has cursed a time or two. (For the record: Venezuela, Nigeria, Algeria, Libya, Iraq, Iran, Saudi three Arabia, Kuwait, Qatar, Abu Dhabi, Indonesia). It's not the nastiest collection three of governments in the world, but it is not the Lutheran World Federation either. OPEC was created in 1960 in three response to a major price cut imposed upon oil-producing countries by the major Western oil companies, which at the time controlled most aspects of this business, from upstream production, to shipping, to refining, distribution and retail marketing. In theory, the majors accepted government ownership of sub-surface mineral rights (outside of Anglo-American common law, as I understand it, most legal systems state that subsurface minerals rights are owned by the state, regardless of who owns the land) but acted as if their concessions were their private property.
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