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In near half of the century, the image of OPEC has two sides. Daniel Yergin, the writer of The Prize: the epic quest for oil, money and power has used such words as adjustable boiler, absolute dominance to describe the historical function of OPEC.
The constant rising of international oil price has diverted the global economy and attracted the panic of people all over the world. People have no idea and put their attentions to OPEC.
However, the world is wondering whether OPEC can control the international oil market. Today’s high oil price has set a series of puzzles for OPEC, which often makes it awkward and have no alternatives.
Lots of international oil organizations are managing to seek the breakthrough, trying to transform to a more diversified international cooperation organization and increasing their international influence. That is not only the OPEC, but also the OAPEC and Caribbean Oil Programming Organization.
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