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Oil and OPEC: This Time is Not as Different as You Think It Is / Michael Levi, Energy, Security and Climate, 1/12/2014http://blogs.cfr.org/levi/2014/12/01/oil-and-opec-this-time-is-not-as-different-as-you-think-it-is/The plunge in oil prices late last week, following an OPEC announcement that its members won’t cut their oil production now, has analysts scrambling to outdo each other with hyperbole. It is a “new era” for oil as OPEC has “thrown in the towel”. We are now in a “new world of oil” as the “sun sets on OPEC dominance”...