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How to save the world using game theory ?

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  1. How to save the world using game theory ?
  2. Doubting about the capacity of the OPEC to control the market

Why does it seem so hard for the Organisation of Petroleum Exporting Countries (OPEC) to reach an agreement on crude oil production ? Looking at the oil prices evolution since 2014 leads us to a statement : oil producers are facing a hard time in terms of profits. It would be to their entire benefit to agree on a lower amount of production, so that they could higher the oil prices.
Although the oil price is sometimes naively seen as a simple variable value, which only depends on the economic conditions, a thorough glance on the international oil market makes us consider that various microeconomic tools are taken into account.

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