Schork: We're Seeing the Death of the OPEC Cartel

The transcript discusses the future of OPEC, highlighting the internal divisions and challenges it faces. It suggests that OPEC may transition from being perceived as a cartel to a more legitimate producer group, similar to its relationships with Russia and the USA. The discussion also touches on the internal chasms within OPEC, such as the Sunni-Shia divide and economic disparities, which may lead to a realignment of interests among member countries.

What is the main concern for OPEC as discussed in the first section?

• Expansion into new markets

• Increasing oil prices

• Internal divisions and their impact on producers

• Technological advancements in oil extraction

How is OPEC expected to change according to the second section?

• By becoming a more legitimate producer group

• By forming a new cartel

• By reducing its member countries

• By increasing its oil production

Which countries are mentioned as being part of the new alignment with OPEC?

• China and India

• Russia and the United States

• Canada and Mexico

• Brazil and Argentina

What are the two main types of divisions within OPEC highlighted in the final section?

• Religious and economic

• Economic and technological

• Geographical and historical

• Political and cultural

What is the potential outcome of the divisions within OPEC as discussed in the last section?

• Increased oil prices

• Formation of a new energy alliance

• A new global oil crisis

• Realignment of parties with similar interests