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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.
Wiki User
∙ 13y ago
Wiki User
∙ 14y agoit controls all of the worlds oil supply...... neat huh?????
Wiki User
∙ 14y agoOPEC is Organization of Petroleum Exporting Countries.
OPEC is important because oil output is now controllable.
Wiki User
∙ 9y agoOPEC was able to gain power because they made the decision to raise and lower oil prices, as well as, limiting oil to certain markets.
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Where is the headquater of opec?
where is the head quarter of opec
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
When OPEC stopped shipments of petroleum to the us in 1973 the us did the following except?
We don't have your list of items to be able to answer.
How does OPEC influence the world politic?
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.
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.
How is Caesar able to Gain power in the Government?
He had a group of "secret police" called the Gestapo.
Why is OPEC so powerful?
Because we give them the power, if you limit their power to make money anything is possible
Who was able to use their positions and policies more effectively to gain power Hitler or Stalin?
Stalin
What is a Decibel power gain?
Generally power is expressed in watts. The gain is the ratio of the output power to the input power. Gain = (output power)/(input power) if the gain is expressed in terms of log(base10) it is known as Decibel power gain Decibel power gain = Log10(Gain)dB if 1milliwatt power is taken as reference then Decibel power gain = Log10(Output power/1 milliwatt)dBm
What executive branch controls oil import programs and regulates electric power?
opec
Who owns OPEC?
opec
How do governments gain their just power?
Governments gain their just power through consent of the governed, typically through democratic elections or other forms of representation. Just power is also derived from upholding and protecting the rights and welfare of their citizens as outlined in laws and constitutions. Additionally, governments can gain legitimacy by establishing a fair and impartial system of justice.
How was Stalin able to gain power over troskrov?
He killed him. They were friends, but he had him killed. Stalin murdered millions.
Why was senator Joseph McCarthy able to gain so much political power in the 1950?
Joseph McCarthy was able to wield power due to publicity which increased his approval rating, and gained him a powerful following.
Where is the headquater of opec?
where is the head quarter of opec
