The Oil Cartel That Ruled The World

Описание: 🛢️ The Oil Cartel That Ruled the World – A Brief History of the Seven Sisters
In the mid-20th century, seven powerful oil companies quietly formed one of the most dominant cartels in modern history — the Seven Sisters. Before OPEC rose to power, these corporations controlled nearly 85% of the world’s oil reserves, setting prices, negotiating with governments, and shaping global energy geopolitics.

In this YouTube Shorts episode, we break down who the Seven Sisters were, how they came to dominate global oil markets, and what led to their eventual decline.

🏢 Who Were the Seven Sisters?
1. Anglo-Persian Oil Company (later BP)
2. Gulf Oil (later merged with Chevron)
3. Standard Oil of California (later Chevron)
4. Texaco (later merged with Chevron)
5. Royal Dutch Shell
6. Standard Oil of New Jersey (later Exxon, now ExxonMobil)
7. Standard Oil of New York (later Mobil, now part of ExxonMobil)

These companies coordinated global production, pricing, and concessions — often to the detriment of oil-producing nations like Iran, Iraq, and Venezuela. Their behind-the-scenes influence shaped international relations, war outcomes, and postcolonial politics.

📉 That dominance would be challenged in the 1960s and 70s by OPEC, nationalizations, and a new era of producer power.

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