OPEC's founding in 1960 five years after the seminal anti colonial meeting in bandang in donisia and amid the rapid decolonization of french british in belgian africa. What was it about that moment in history though in the history of the world system in general and also the oil system in particular that finally pushed these countries together to found OPEC. Did venous whalas early initiatives to foster oil exporter dialogue and solidarity what role did it play? In such a political atmosphere there are things that happen in the oil market specifically in 1959 and 1960 that are considered by these oil exporting states as a declaration of war on the part of oil companies and some key oil producers such