Consulting on International Energy Geopolitics and Political Risk on Russia, Eurasia and the Middle East
Wednesday, November 26, 2014
And after this so awaited OPEC meeting what next?
So much has been said speculated analyzed and overanalyzed about this upcoming meeting in Vienna of the OPEC which has been under full pressure the last weeks blamed for the responsibility of having a progressive low oil prices environment but fundamentally this having been caused by Saudis and the Gulf monarchy states for comercial and geopolitical reasons and one thing even more worrisome and dark for the medium term future for the cartel which is exposing its deep and sometimes irreconcilable divisions and contradictions basically led by the House of Al Saud claiming to represent sunni muslims interests worldwide against minority shiites led by Iran in a struggle that threatens to burn the whole MENA region away through sectarian clashes turning every country with no exception in a scenario battle for religious supremacy that has claimed many lives and this is mainly the reason on why Islam cant be a unified religion with a strong and cohesive hierarchy only for political interests undermining the arab world as a whole and affecting its position in the world economy extrapolating this situation in the opec being this the main reason why no consensus is within reach and why opec from now on wont be a functional organization with a strong and unified goal of defending fair oil prices for producers and exporters and also for allowing foreign interests dictate their goals. The world today is just too modern too flexible and so away from religious divisions of those tearing and destroying the opec now and with non opec countries with full fledged production rates now that it is certainly foreseeable even if not in the short term but in the long run the dissapearance of the Organization of the Petroleum of Exporting Countries as we know it
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