OPEC: Why do Cartels Fail? They Cheat By Young Research - September 23, 2016 Cartels like OPEC don’t work very well because cheating is rampant. Look at OPEC’s oil production quota vs. its actual production over time. Rarely do the two meet. Share this:EmailTwitterFacebook RELATED ARTICLESMORE FROM AUTHOR Do Lower Mortgage Rates Matter if House Prices Are Still High? This Has Never Happened to German Bonds Before Now Time to Get Defensive?