The secret meeting that launched OPEC
Planet Money

The secret meeting that launched OPEC

May 13, 2026 · 27 min

About this episode

Recently, a listener wrote in with a question about OPEC and oil prices. She was prepping for a camping trip… thinking about how much it costs to fill up her diesel-guzzling camper van at the pump. <br/><br/>“It would be so awesome if you guys could do an episode explaining OPEC to us,” she emailed us. She wanted to know: why does OPEC exist? Why does it limit the supply of oil? And now that the United Arab Emirates has dropped out, what will happen to gas prices?  <br/><br/>We love when our listeners write in (and send us voice notes!). The simplest questions can reveal how the complicated web of the economy works.<br/><br/>On our latest: we answer our listener’s questions… and the questions behind those questions! <br/><br/>Related episodes:<br>• <a href="https://www.npr.org/2026/01/16/nx-s1-5680400/chevron-venezuela-oil-industry-petrostate"target="_blank" >Chevron, Venezuela and the Paradox of Plenty</a>  <br/><br/><a href="https://www.planetmoneybook.com"target="_blank" ><em>Book info.</em></a><em> / </em><a href="https://n.pr/3HlREPz"target="_blank" ><em>Subscribe to Planet Money+</em></a><br/><br/><em>Listen free: </em><a href="http://n.pr/PM-digital"target="_blank" ><em>Apple Podcasts</em></a><em>, </em><a href="https://n.pr/3gTkQlR"target="_blank" ><em>Spotify</em></a><em>, </em><a href="https://n.pr/3Bkb17W"target="_blank" ><em>the NPR app</em></a><em> or anywhere you get podcasts.</em><br/><br/><a href="https://n.pr/3h92GwS"target="_blank" ><em>Facebook</em></a><em> / </em><a href="https://n.pr/3FqLuws"target="_blank" ><em>Instagram</em></a><em> / </em><a href="https://n.pr/3sGZdrq"target="_blank" ><em>TikTok</em></a><em> / Our weekly </em><a href="https://n.pr/3zrFvUB"target="_blank" ><em>Newsletter</em></a><em>.</em><br/><br/><em>This episode of Planet Money was produced by James Sneed with help from Willa Rubin. It was edited by Marianne McCune, fact-checked by Sierra Juarez, and engineered by Robert Rodriguez. Alex Goldmark is our executive producer. </em><br/><br/>See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.<br/><br/><a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>