Discusses the monopoly of petroleum by the Organization Of Petroleum Exporting Countries (OPEC), particularly how it controls the price of petrol, threats to its monopoly and the social costs involved.

OPEC should not be blamed for the rising price of oil. Several other factors are involved in determining the cost of crude oil.

OPEC decides to cut its supply by 1 million barrels per day, the possible effects of such a cut would be devastating.

This shows why and how America can become independent from the OPEC nations.