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What else can I help you with?
What single country depends most on OPEC oil?
Since the 1970's 80% of the oil in the US comes from OPEC. Before 1970 the USnproduced 80% and imported 20%.
Which country buys the largest percentage of OPEC oil?
The United States, in fact, buys the largestpercentage of OPEC oil.
Is Germany a member of OPEC?
No. OPEC Members are all oil producing countries. Germany is not an oil producing country.
Which country imports the most oil from OPEC?
According to AESC the US is the biggest OPEC customer.
What body of water is closest to OPEC?
OPEC is a worldwide consortium of oil exporting countries - there isn't one country or region which defines OPEC.
What is the country that imports the second most oil from OPEC in the world?
Japan
What is the biggest oil company?
opec but it depends how you look at it.. ExxonMobil is the biggest company.
Will Iraq join OPEC with all the oil it has and could this fact cause the currency to go up?
OPEC was founded in Baghdad in 1960. Iraq is already an OPEC country. www.opec.org
Is Chile a member of OPEC?
No. Although Mexico is a major oil exporting country, it does not belong to the OPEC (Organization of the Petroleum Exporting Countries).
Why was the US vulnerable to OPEC?
The US is vulnerable to OPEC because of the oil import. There is about 40% oil in OPEC countries.
What type of government controls the OPEC?
OPEC controls most of the worlds oil source.
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.
