On: Cheating for $20: Why collusion and price fixing is difficult to do

[cwan]

OPEC, probably the most famous example of a cartel, is notorious for having members "cheat".

[hristov → cwan]

And yet they are completely capable of raising oil prices by merely sending out a press release or two.

[lupin_sansei → hristov]

They lost the ability in the 80s really. Too much non-Opec oil around now. And it hurt Opec in the long term as oil usage got much more efficient after the oil shocks

http://www.wtrg.com/opecshare.html

[s3graham → hristov]

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publicatio...

Alberta, on the other hand, might have some luck with a press release.