On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher and Eurasia Group and GZERO Media Founder Ian Bremmer stated that OPEC’s cartel has effectively been ended, which is beneficial, and that the region building pipelines will help undercut Iran’s power.
Bremmer said, “OPEC is over. The Emiratis have pulled out. And that means that they want to produce as much oil as humanly possible because they don’t want that to be a stranded asset. They know it’s not going to be worth so much over time. They want to become a global node as a city-state. That’s — by the way, that’s a monopoly, it’s a cartel over energy, over fossil fuel energy that is not good for anybody. Glad to see them go. The Americans are the largest producer in the world right now. … That’s a big thing that has happened, not because Trump was planning it, but it matters.”
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