ViewpointsOpinionOPEC Is Not the Only Solution to High Oil PricesSavePrintA 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture on April 14, 2020. Dado Ruvic/Illustration/ReutersDaniel Lacalle11/15/2021|Updated: 11/19/2021CommentaryHigh oil prices are a symptom of economic and monetary imbalances, not a consequence of OPEC decisions.Share this articleLeave a commentDaniel LacalleAuthorDaniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”websiteAuthor’s Selected ArticlesIran’s Allies Abandon the Regime as Geopolitical Tension EscalatesJun 25, 2025Is the European Union Deliberately Delaying Trade Negotiations?May 27, 2025Inflation Is Not Soaring, and Economic Growth Is SolidMay 20, 2025China’s Keynesian Model Is Crumbling—It Needs a Trade Deal, FastMay 16, 2025Related TopicsOPECoil prices