The OPEC break that could shake oil prices | The Take
Iran has attacked a UAE petroleum site in Fujairah, just days after the United Arab Emirates announced it was leaving OPEC. As the Strait of Hormuz crisis deepens and oil prices keep rising, could this accelerate the shift to renewables, or are we heading into an era of energy volatility?
In this episode:
– Jim Krane, Co-director of the Middle East Energy Roundtable, Rice University’s Baker Institute for Public Policy
Episode credits:
This episode was produced by David Enders and Sarí el-Khalili with Chloe K. Li, Catherine Nouhan, Tuleen Barakat, and our guest host, Kevin Hirten. It was edited by Tamara Khandaker.
Our sound designer is Alex Roldan. Our video editors are Hisham Abu Salah and Mohannad al-Melhem. Alexandra Locke is The Take’s executive producer.
20 Comments
Pres: Trump keep creating crises at home and abroad . US is fighting for Israel . America First.
🤦
This uncertainty is impacting new car sales. Who wants to buy now if gas availability in near future is at risk?
By shake , I hope you mean cheaper because that’s what this does! The oil cartel is going to get smaller and smaller. No more price gouging whenever they want.
Petrodollar is cracking.
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Prices are made high prior by restrictions on Russia and Irans oil in order to make certain countries rich it seems. If all were selling freely all prices would fall. But thats not what the west wants.
It's not from Iran..this is planned by Israel for war..
I've been sleeping on Al Jazeera for too long
As a follow-up I’d like to hear still more about Chinese production levels, trade deals & stats re solar/EV/energy storage products and all that’s related as well as what’s happening in the American and EU alt-energy markets.
Will the UAE join US and Israel ?
Does Oman have the right to control traffic in the Gulf of Oman ?
Buy Canadian crude
The us should just conquer Qatar
Oil demand is declining by big percentage every year and by 2050/60 it will be very much unwanted. Thanks to China, clean energy especially solar and storage is developing rapidly and the world attention is shifting towards it. Sun which is the center of everything including life is an ever lasting and abandoned energy source and China is developing solar technology with mind to earn 2-3 trillion dollar every year only from solar. Solar panels will cover each and every home roof in the tropic soon.
No OPEC means no cartel. Meaning no monopolizing the market on agreeing price but demand and supply will decide which each country will pump as much as it can sell finding market by itself. That means there will be market computation among them and the biggest loser will be SA that is controlling OPEC for decades selling as much as it wants while decided about others.
Actually Israel and USA is control to UAE
fear mongering type video
I believe this is Trump's way of staying in power past 2028. Also, stop mid-term elections by creating a state of emergency and maybe impose martial law! This man is destroying not only the U.S. economy but the world economy as well. WHEN will he stop!?!?
Such a GOOD AND ENJOYABLE DISCUSSION, bit in pakistan and solar savings is mind blowing
Heck yeah, I'm worried about the energy shortfall! Not only that but the food shortage too!