Αυθεντικό κείμενο - Αγγλικά - We suggest that an oil cartel exerts market power...

We suggest that an oil cartel exerts market power to keep abundance at bay,commanding monopoly rents(or wealth transfers(wt) that underwrite security threats.we then compare security threats attributed to the oil weapon to those that may arise from market power.We first reexamine whether oil is abundant or scarce by reviewing current development data,then we estimate a competitive price for oil.