Gadfly
Venezuela Greases OPEC's Wheels With Less Oil
The country's woes help other members get away with producing more than they should.
This article is for subscribers only.
Let's be clear about something: Venezuela complies with its OPEC production target the way I "comply" with my employer's demand that I show up most days.
So when OPEC's data show Venezuela's compliance was at 218 percent of its target in October, do not interpret this as an excess of zeal: