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OPEC, or the Organization of the Petroleum Exporting Countries, is an intergovernmental agency that coordinates policies to ensure the fair and regular supply of petroleum to other countries in the world. Countries outside of OPEC may seek to maneuver politically to gain favor with OPEC.
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What nations are not in the OPEC?
The Organization of the Petroleum Exporting Countries(OPEC) is made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Henceforth, any country that is not one of those is not part of the OPEC.
Which of these is considered to be the strongest American influence on the rest of the world?
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Ares T.A.R 21, COMIC BOOKS
What are some methods used by world vision to influence the global community?
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Did World War 2 influence tropical disease study?
yes it did because of the pacific campaign
How does OPEC influence the supply of crude oil?
OPEC decides to influence, by either increasing the exports or decreasing them.
How does boats influence on politic?
Well, dem boats done influence on dat der politic by sinkin' in da swamp when da water get too high.
What kind of influence do the countries of OPEC have?
OPEC forms an oligopoly in the oil market by coordinating policies of the oil-producing countries in order to ensure a steady income.
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.
Is OPEC 's cartel legal?
It doesn't matter, because the C stands for "countries". Each of the members of OPEC is a sovereign state and therefore enjoys sovereign immunity. If the rest of the world got ticked off enough about it there could be trade sanctions or even war against the members of OPEC, but short of that there's not much that could be done regarding enforcement. Also, the members of OPEC don't like each other that well and have a long history of not cooperating with production quotas, and even if they did OPEC accounts for less than half of world oil production so while they definitely have influence over the market they certainly don't control it.
What is the superlative of politic?
most politic
Was Fidel Castro a politic?
yes he was a politic.
Verb definition of politic?
Politic is an adjective.
When was The Politic created?
The Politic was created in 1947.
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.
Who owns OPEC?
opec
