It was the oil-rich nations operating as their own cartel, the Organization of Petroleum Exporting Countries (OPEC), which ultimately brought down the corporate cartel
Seven Sisters
Big Oil, the big survivor
Big Oil’s Last Stand
The American public is fed up with Big Oil. In 2006 Gallup published its annual rating of public perceptions of U.S. industry. The oil industry is always a poor performer, but this time it came in dead last earning the lowest rating for any industry in the history of the poll.