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Using OPEC as a Villain in Narratives Public Deposited

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https://ir.library.oregonstate.edu/concern/graduate_projects/nc580p048

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  • The Organization of Petroleum Exporting Countries (OPEC), a group formed in 1960 and often blamed for the oil shock of 1973, is treated as a cartel that aims to limit oil production and hold oil price at a level above market equilibrium. Recent research has offered a counter theory that OPEC is often a price-taker and does not wield hard power over the oil market. While there is some counter research that suggest they hold some soft power authority through their oil production quota announcements, we can wonder why, in the light of new evidence, a myth about OPEC’+s power persists. It might be that OPEC’s other power is not one which it wields, but in its use as a symbol. In this study, we apply the Narrative Policy Framework (NPF) to a data set of think tank articles, to examine how the use of OPEC as a character in policy narratives affects policy solutions offered. Additionally, we examine what dictates OPEC’s inclusion in narratives. Our findings show there are correlations between OPEC as a villain character and policy solutions that are usually seen as both right- and left-leaning.
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