Iraq Throws Wrench in OPEC's Plans

The video discusses the challenges faced by OPEC, particularly Saudi Arabia, in managing oil production amidst diverse regional producers. It explores the potential need for Saudi Arabia to make significant production cuts and the implications for global oil markets. The discussion includes price predictions, the impact of technological advancements, and the rise of renewable energy sources. The video also examines the potential outcomes of an OPEC deal and the global response to production changes.

Discuss the potential consequences if OPEC fails to enforce production cuts.

In what ways are technological advancements impacting oil production costs?