As I sit here reflecting on the state of the world, I can't help but feel a deep sense of worry for the future, especially when I think about the Organization of the Petroleum Exporting Countries (OPEC). Once a bastion of stability and strength, OPEC now finds itself teetering on the edge of uncertainty, facing challenges that not only threaten its existence but could also disrupt the lives of many around the globe.

The recent declines in oil production from key member countries like Nigeria, Libya, and Venezuela bring back memories of better times, times when we felt secure and confident in our energy sources. I remember when these nations stood as pillars of strength within OPEC, contributing to our global oil supply with pride and reliability. Now, we are left to grapple with the harsh reality that their output has sharply fallen, which casts a long shadow over the stability of global oil prices. What does this mean for us? What does it mean for our children?

In October, the reports were alarming. Nigeria, Libya, and Venezuela have all experienced notable drops in crude oil production. OPEC's overall output barely managed to increase by a mere 30,000 barrels per day, a far cry from the growth we once took for granted. 

Particularly troubling is the situation in Nigeria, where crude production has been nothing short of volatile. Reflecting on the past, I remember when Nigeria's output fluctuated between 1.3 million and 1.4 million barrels per day, a steady flow that we could depend on. Now, after a brief rise to 1.5 million barrels in July, Nigeria's production has plummeted back down to 1.3 million barrels per day. Reports attribute this decline to ongoing tensions between the Dangote Refinery and labor unions. It is disheartening to see how internal strife can undermine the very foundations of our oil supply.

As a parent, I am left to wonder what this all means for our future. The shifting risk sentiment has boosted the safe-haven U.S. dollar, but at what cost? Will our families be burdened with higher energy prices, which we increasingly rely on for our daily lives? It is a chilling thought. Additionally, reports of rising U.S. crude inventories only add to the bearish outlook, making me question the stability of our energy supply.

Looking ahead, although OPEC+ plans to increase production by 137,000 barrels per day in December, they have also indicated a pause on further increases during the first quarter of 2026. I can't help but feel a shiver of dread at the thought that this pause might not provide any meaningful support to oil prices. What does this mean for November and December? Are we facing more uncertainty ahead?

The struggles of Nigeria, Libya, and Venezuela serve as a poignant reminder of the complexities and vulnerabilities within the OPEC+ framework. It raises difficult questions about the future stability of the oil market, and ultimately, the world we are leaving behind for our children. As I ponder these issues, I cannot shake the feeling that we must remain vigilant and prepared for whatever challenges lie ahead.

May we all strive to make wise decisions for ourselves and our families, ensuring that we navigate these uncertain waters with courage and foresight.