Will 2017 Usher in the Return of OPEC?

The video discusses OPEC's supply cuts and the expected compliance from member countries, highlighting the political weight behind the deal involving Russia and Saudi Arabia. It examines the impact of oil prices on countries like Venezuela and Saudi Arabia, noting that while the cuts help, they are insufficient to solve economic issues. The video also explores oil price trends, the cap at $60, and the potential growth in US shale production, which could destabilize the market if prices rise too high.

What is the main reason people believe this OPEC deal might be different from past agreements?

• Involvement of new countries

• Reduced global demand

• Increased political weight

• Higher oil prices

How does the oil price change impact Venezuela compared to Saudi Arabia?

• It helps Venezuela more

• It helps Saudi Arabia more

• It benefits both equally

• It has no impact on either

What is the expected cap for oil prices according to the discussion?

• $70

• $50

• $60

• $80

What is a significant concern for OPEC regarding US shale producers?

• Increased competition

• Environmental regulations

• Technological advancements

• Labor shortages

What strategy have US shale producers adopted during the price slump?

• Reducing workforce

• Increasing exports

• Becoming more efficient

• Expanding operations