Will OPEC's defiant nature and it's refusal to acknowledge social, political and technological change lead to their downfall? The one thing history has taught us is that empires do not last and regimes need to evolve and change with the times or get destroyed in the process. 

"Thirty years from now there will be a huge amount of oil - and no buyers. Oil will be left in the ground. The Stone Age came to an end, not because we had a lack of stones." Sheikh Ahmed Zaki Yamani, the former Saudi oil minister, 2001