The Future of OPEC

In this chapter, they discuss a prediction for 2024, specifically about the possibility of OPEC, the oil cartel, falling apart. They explore the idea that as renewable energy sources become more prevalent, the demand for oil will decrease, making it more difficult for OPEC to maintain their cartel. They also mention internal dynamics and the challenges they may face in agreeing on production cuts. Overall, they believe that OPEC will become a much weaker force in the global economy.