The oil and natural gas industry is part of an oligopolistic market structure with undeniable competitive edges. It is very clear to society that the past, present and future production of the oil and natural gas industry is somehow controlled and relied upon by the decisions of the OPEC “cartel”. There are few countries that dominate global oil and natural gas production that are outside the OPEC organization. OPEC, the Organization of the Petroleum Exporting Countries, believes that their mission "is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets in order to ensure an efficient, economical supply of oil and regular income to producers and a fair return on capital for those who invest in the oil industry” (OPEC) In reality, OPEC's declaration of intent means nothing to me eyes, basically sums up the words “international cartel”. Oligopolistic companies (or in this case member countries) join a cartel to increase their market power and the members work together to decide the level of out....