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Earn +20 ptsQ: Which of the following countries was not a founding member of OPEC?
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Continue Learning about American Government
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
What best describes the majority of countries in OPEC?
They are not extensively industrialized. Their economies rely heavily on exports.
Benefits of OPEC?
The OPEC is a body that links the major oil producing countries and provides a framework of how they will do the production and marketing. It gives them collective bargaining to get the best prices.
Who is the current president of OPEC?
JOSE BOTELHO DE VARCONCELOS
Example of a cartel?
An example of a cartel would be OPEC. Hope this helps, Hershey
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