# Multimedia 

Multimedia 

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Cato Weekly Podcast • November 24, 2023 

# What Does OPEC Do and Should We Care? 

Contrary to conventional beliefs about how the Organization of Petroleum Exporting Countries operates, there are many reasons to believe OPEC has fewer degrees of freedom than most people believe. That misperception can serve the needs of politicians searching for a bogeyman. Peter Van Doren and David Kemp explain why in [a new paper](https://www.cato.org/policy-analysis/misperceptions-opec-capability-behavior).

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

[![David Kemp - cropped](/sites/cato.org/files/styles/author_picture/public/2024-03/david-kemp-cropped.jpg?itok=xLe2PPTT)](/people/david-kemp) 

##### [David Kemp](/people/david-kemp)

Former Policy Analyst, Cato Institute

[![Square face shot of Caleb O. Brown.](/sites/cato.org/files/styles/author_picture/public/2021-01/cbrown_sq.jpg?itok=zSWLm8kR)](/people/caleb-o-brown) 

##### [Caleb O. Brown](/people/caleb-o-brown)

Former Director of Multimedia, Host and Executive Producer, *Cato Daily Podcast*, Cato Institute