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Welcome to The Dig, a podcast from Jacobin Magazine.

My name is Daniel Denver, and I'm broadcasting from Providence, Rhode Island.

This is the second of my two-part interview with Juliano Guadavini, the author of The

Rise and Fall of Opec in the 20th century.

In part one of this interview, which you should really listen to first if you have it yet,

we covered the decades-long history leading to the foundation of the organization of petroleum

exporting countries in 1960.

This episode covers the height of Opec's power in the 1970s, power they exercised to send

oil prices soaring.

This was the so-called oil shock from the perspective of wealthy industrialized oil

...