Do you know 1 in every 3 barrels export crude oil from the Middle East Country? And our whole world's civilization depends on oil industries and its regular supply. So the question is how that middle least became the king of geo politics in crude oil. The answer is John D. Rockefeller. John D. Rockefeller was the pioneer of the Oil industry. He kept 90% of world's oil supply under his control till the 20th century, with the help of his company standard oil. But when oil was discovered in USSR, the monopoly of standard oil was threatened, because, then the Soviet Union focused on countries that did not trade with standard oil. USSR offered oil at very low prices which changed the supply chain of the entire oil industry. In 1960 OPEC was formed and many middle eastern countries nationalized their oil refineries. And since then OPEC started dominating the oil industry. And now with approximately 80% of oil reserve middle east has full control on production and export all over the world. Subscribe the Channel for updates like this.

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