OPEC Has Hard Time Maintaining Cartel: Rosenberg

The video discusses the factors influencing oil prices, including demand, supply, and currency. It highlights the shift in oil supply from OPEC to the US, marking a significant change in global oil dynamics. The challenges of maintaining oil cartels are explored, with historical references to past agreements. The video also examines global economic divergences and their impact on currency and oil prices, noting the end of quantitative easing and the anticipated exit from zero interest rate policy by the Fed.

What are the three major factors contributing to the decline in oil prices?

• Currency, technology, and political factors

• Demand, supply, and currency factors

• Supply, technology, and environmental policies

• Political instability, demand, and technology

What significant shift in oil supply is mentioned in the first section?

• From Russia to China

• From OPEC to the US

• From the US to Europe

• From OPEC to Russia

What historical event is referenced in relation to controlling oil supply?

• The 2008 financial crisis

• The 1980s oil glut

• The 1973 oil crisis

• The 1926 oil oligarchs' meeting

Why do cartels like OPEC struggle to maintain control over oil prices?

• Due to technological advancements

• Because of political disagreements

• Because members have incentives to increase production

• Due to environmental regulations

What economic policy change by the Fed is discussed in the third section?

• Introduction of new tariffs

• End of quantitative easing

• Implementation of new tax cuts

• Increase in government spending