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What countries have an economy based largely on the production and sale of energy?
The OPEC countries, and other non-OPEC oil exporters (such as Russia).
What was a lasting effect of the OPEC embargo in the 1970s on the US economy?
reduced use of petroleum
What impact can OPEC decisions have on the world?
The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.
Which of the following was a lasting effect of the OPEC embargo in the 1970s on the US economy?
reduced use of petroleum
What is the organization that controls much of the world's oil supply?
OPEC
What countries have an economy based largely on the production and sale of energy?
The OPEC countries, and other non-OPEC oil exporters (such as Russia).
What was a lasting effect of the OPEC embargo in the 1970s on the US economy?
reduced use of petroleum
What impact can OPEC decisions have on the world?
The roe of OPEC is to regulate the petroleum industries among member countries. OPEC stands for Organization of the Petroleum Exporting Countries.
Which of the following was a lasting effect of the OPEC embargo in the 1970s on the US economy?
reduced use of petroleum
What action did OPEC take in 1973 against the US and what impact did it have on the American economy?
The 1973 Oil Crisis.
What influenced people during the 1950s and the 1960s?
The end of world war 2, computers, television automobiles, economy, and technology
How does OPEC influence the world politic?
OPEC influences world politics by wielding significant power over global oil prices through production decisions and policies. By controlling a large portion of the world's oil reserves, OPEC countries can leverage their influence to shape geopolitical relationships and negotiations with other nations. Additionally, OPEC's decisions can impact energy security, economic stability, and international relations across the globe.
What is the organization that controls much of the world's oil supply?
OPEC
Why was OPEC created?
To regulate petroleum prices around the world.
How has Europe influenced the Canadian economy?
they liked their laungage
Who owns OPEC?
opec
What percentage of the world's oil supply is produced by OPEC?
40 percent
