OPEC, the Organization of the Petroleum Exporting Countries, is in crisis after the United Arab Emirates (UAE), its third-largest producer, left the group. Donald Trump openly praised the decision, saying it is good for the United States. Ben Norton explains why the US government opposes OPEC, which is rooted in the Third World nationalist movements of the 1960s, which sought more economic resources for the Global South. The USA wants its Big Oil corporations to dominate the industry. Topics 0:00 UAE leaves OPEC 0:58 Abraham Accords 1:51 OPEC history 2:38 Seven Sisters: Big Oil 4:29 OPEC members 5:41 OPEC+ participants 7:53 State-owned oil companies 8:39 Why USA dislikes OPEC 10:24 Oil is political || Geopolitical Economy Report || Please consider supporting us at https://geopoliticaleconomy.com/Support Subscribe to our newsletter: https://geopoliticaleconomy.report/ Join our community on Patreon: https://patreon.com/GeopoliticalEconomy

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