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Earn +20 ptsQ: Benefits of OPEC
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Who is the current president of OPEC?
JOSE BOTELHO DE VARCONCELOS
Which was a major cause of the energy crisis in the early 1970s?
OPEC refused to sell oil to the United States The OPEC embargo on oil sales to countries supporting Israel The conflict over Israel
Example of a cartel?
An example of a cartel would be OPEC. Hope this helps, Hershey
What best describes the majority of countries in OPEC?
They are not extensively industrialized. Their economies rely heavily on exports.
Why did OPEC increased oil prices in 1973?
To pressure the United States not to support Israel
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