This guy explains OPEC perfectly. Everyone needs to watch and understand why Trump is doing exactly the right thing.

This man nailed it! This has been happening for generations, I believe they were formed in the '60s. The UAE leaving OPEC is very significant!

I’ve watched a lot of videos by this couple. Dude is super smart and great at explaining things so the average Joe can understand. I like them a lot.

Still incredible to me that a gallon of gas pumped out of the Earth and shipped all around to be refined and processed, before being shipped to your store to be put in your vehicle; is cheaper than a gallon of milk lol

Sell more oil at a lower price. The cartel wanted us to believe that sustainability is the problem so to control/reserve world supply (future scarcity) & "climate change" A huge lie perpetrated on all to benefits a few who want us gone. Isn't petroleum a reproducing mineral?

Yes, but OPEC only has a 20% market share approximately in the oil sector. If it’s a cartel, then it’s a very small one.

If they push prices down then OPEC won't be able to sell oil if others are offering it cheaper and will eventually implode.

bypassing city of London’s terror tax

Oligopoly = cartel or mafia in my book. These narcissistic elitists all in one little club granting each other favors.

@daisy1975219 watch later when you've woken up, a very simple explanation of oil con x

The guy is really smart and explains it on my level. Which is embarrassingly low, but I have a level.

But right now, since the UAE announced they are pulling out Mat 1st, gas prices immediately jumped $1.80 in Indiana 👿

wow, so you're an oil expert now?

Can we please get this guy to explain TPS to Democrats and judges???

Such a great idea. Now UAE is selling oil in Yaun. What a power move by Trump

Good summary

But, if the purpose behind UAE leaving OPEC is to make more money by selling more oil, the price of oil will drop. More to sell leads to lower price. If we consider this as the actual reason, then UAE will not make more money. On the contrary, they will sell more for less money, unless they fuel conflicts that will affect oil supplies.

OPEC sets the production target…

There will always be an Oil price control. UAE is just mad at its neighbor Saudi Arabia also mad at Russia after Sergey Lavrov declared Russia will always defend Iran's interest.

More production and oil going up 🤣Iran is not letting them sell anything cause of this for sure

I checked Teams 3 times for incoming messages while watching this.

Now how is the UAE going to be able to commercialize much if the strait is closed ?

the UAE is going to expand in the East and West imo they dont want smoke with neither sides but all the upside in both markets

🎯👊

Countries originally joined OPEC believing that they could make more money by controlling the global price than by increasing production. With one major player exiting, that price control lever no longer works. I expect Venezuela and Mexico to also exit. OPEC will be crushed.

Hasn't #OPEC already been replaced by #OPIC? Which makes a lot more sense as the Organization of #Petroleum #Importing Countries focuses more on the demands rather than supplies. New supply coming online is infinite across the planet. #Oil #thoughts

you guys are morons if you think this means lower gas prices.

Great news 🔥

Where is Alexis

Venezuela is Next......!!!!???

Good job Santa.