26 How Standard Oil Accidentally Birthed OPEC

from Crude Ambition: This is the story of power · host By Seven Media

One man's arrogance lit the fuse that changed the oil world forever. This is the episode where a stubborn Jersey Standard chairman ignores every warning and slashes oil prices without telling a single producing nation, triggering a furious backlash that births OPEC in just five days flat. Episode 26 of Crude Ambition tracks the Cold War oil glut, Soviet price wars, and the Baghdad summit that handed the exporting nations a weapon they'd spend decades learning to wield.

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This episode was published on April 6, 2026.

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