If a bunch of food staple producers got together and decided to artificially limit output that results to shortage, that would raise prices. They’d effectively profit more with less. It’s also illegal, so how does OPEC constituents do it?
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Simple, OPEC are powerful sovereign states which the US and other developed nations have limited ability to regulate.
Internally, many OPEC nations offer heavily subsidised fuel to their citizens so there’s little domestic concern about high prices.
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