Few international organizations have seen their reputations change as dramatically over the last several decades as the Organization of Petroleum Exporting Countries (OPEC). During the energy crisis of the 1970s, OPEC was widely thought to exert immense power over the...

May 30, 2016

Original post for the Inequality and History Network at the University of Cambridge

 

We are used to think of oil in relation to war, poverty, and extreme inequality. But up until the 1970s, it was considered as a fundamental opportunity for global development.

 

“One of...

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