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Opinion

OPEC Is Not the Only Solution to High Oil Prices

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OPEC Is Not the Only Solution to High Oil Prices
A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture on April 14, 2020. Dado Ruvic/Illustration/Reuters
Daniel Lacalle
|Updated:
Commentary

High oil prices are a symptom of economic and monetary imbalances, not a consequence of OPEC decisions.

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Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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