Citi's Ed Morse Says OPEC Is Losing Its Clout

The video discusses the historical and current influence of OPEC, focusing on its creation in 1968 and its impact on oil valuations. It highlights the challenges faced by Saudi Arabia and other oil-producing countries in adapting to changing market dynamics and the need for economic reforms. The potential for social unrest and the importance of compliance within OPEC are also examined. Additionally, the video explores the implications of cheap oil on climate change efforts and the transition to renewable energy sources.

In what ways do you think social unrest could be avoided while implementing oil production policies?

Discuss the implications of peak oil demand versus peak oil supply in the context of climate change.