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Why did OPEC not raise prices during the 1980s and what is OPEC attempting to accomplish now?
To help stablize oil prices.
How did OPEC increase the power of the middle eastern nations?
As world demand for oil rose,OPEC's power increased.During the 1970s,the middle eastern members showed how the power could be used.In 1973,Arab nations were at war with Israel.Using oil as a political weapon,OPEC stopped oil shipments from the Middle East to countries that support Israel.
Why is OPEC so powerful?
Because we give them the power, if you limit their power to make money anything is possible
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 executive branch controls oil import programs and regulates electric power?
opec
Who owns OPEC?
opec
Why was OPEC able to gain power?
It controls the amount of middle east oil released for sale to the world, and most of the world's oil comes from the middle east. Almost every nation on the planet Earth depends on OPEC to supply their oil requirements.
Where is the headquater of opec?
where is the head quarter of opec
What is the population of OPEC?
OPEC's population is 372,368,429.
What is OPEC what countries are a part of OPEC?
egypt (A+)
What are the organs of OPEC company?
What are the organs of opec
Who are the 3 former members of opec?
Saudia Arabia opec OPEC oil reserves OPEC oil crisis
