Is This The End Of OPEC | OPEC Crisis Explained | The Blueprint

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Is the world’s most powerful oil cartel losing its grip on global energy? For nearly 50 years, OPEC dictated crude supply, manipulated oil prices, and moved the global economy from closed-door meetings in Vienna. In 1973, OPEC controlled over 50% of the world's crude oil supply. Today, its direct share has dropped toward 35%, while non-OPEC nations produce nearly 65% of the world’s oil. In this episode of The Blueprint, we break down the dramatic geopolitical and economic shift breaking OPEC’s monopoly: The Americas Blitz: How the US shale revolution, Guyana’s offshore discoveries, and Brazil’s deepwater pre-salt fields unleashed a massive flood of cheap, competitive crude. The Prisoner’s Dilemma & Internal Civil War: Why voluntary production cuts backfired, leading Angola to exit the cartel and driving friction with heavy spenders like the UAE, Iraq, and Kazakhstan. Why You Can’t Count OPEC Out Just Yet: The creation of OPEC+ with Russia, rock-bottom production costs in the Persian Gu

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