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How OPEC Really Sets Oil Prices (Not Supply & Demand) You've been taught that Oil Prices are determined by the simple laws of Supply and Demand. But what if that's a lie? In this video, we expose the reality of the global energy market—a system rigged by a powerful cartel known as OPEC. We trace the history of oil manipulation, from the secret "Seven Sisters" companies of the 20th century to the modern-day dominance of Saudi Arabia and the OPEC+ alliance. We explain how "quotas" and production cuts are used to artificially inflate the price of Gasoline and control the Global Economy. Key Topics Covered: The Cartel: How OPEC nations coordinate to fix prices. The History: The shift from Western oil giants to state-owned monopolies. The Mechanism: Why "cheating" on quotas is the biggest threat to the system. The Impact: How these backroom deals directly affect your wallet. Discover the "visible hand" that steers the market and why the price at the pump is a political decision, not an economic one. Chapters: 00:00 Prologue: 01:00 The Simple Story and Why It's Wrong 02:45 The Age of Cartels - The Seven Sisters 04:41 The Birth of OPEC - A New Power Rises 06:53 The Quota System - OPEC's Real Weapon 08:40 The Cartel's Achilles' Heel - Cheating 10:46 Epilogue #opec #oilprice #oilmarket #economics #gasprices #saudiarabia #geopolitics #energy #cartel #oilpolitics Oil Prices Explained, OPEC vs USA, Global Energy Crisis, Gas Prices 2026, Petrodollar System, Geopolitics of Oil, Saudi Arabia Oil Economy, Inflation and Oil, OPEC cartel explained, How oil prices are determined, Saudi Arabia oil production cuts, The Seven Sisters oil companies, Supply and demand, Oil market manipulation, Strategic Petroleum Reserve, Energy independence, The truth about gas prices, Who actually controls the oil price, Why oil is so expensive