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 The challenges of maintaining oil cartels are explored, with historical references to past agreements.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 major factors affecting the strength of the dollar according to the text?

How has the supply of oil shifted in relation to OPEC and Saudi Arabia?

What historical event does the speaker refer to when discussing the control of global oil supply?

What challenges do oil-producing countries face in maintaining a cartel according to the text?

How is the current economic situation described in relation to global economic divergences?