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OPEC controls the oil but oil companies control the price. The oil compnies contention is that if OPEC releases 100,000 barrels of oil it is worth 5 times the amount if OPEC released 500,000 barrels. Do not get me wrong, always follow the profit reports. Big oil sets the price on a fake demand.
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∙ 15y ago
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What method does 'OPEC' use to raise the price of oil?
OPEC uses supply and demand to determine prices. If they want to raise the price, they slow down production. The lower supply will equal higher prices.
What theme would you use to examine the reason for the formation of OPEC?
Economics
Who of these themes would you use to examine the reason for the formation of OPEC?
Economics
How do you increase crop production on the same piece of land?
there are two different ways -multiple cropping method and modern farming method
What was a lasting effect of the OPEC embargo in the 1970s on the US economy?
reduced use of petroleum
How do you use OPEC in a sentence?
OPEC is so silly
What method does 'OPEC' use to raise the price of oil?
OPEC uses supply and demand to determine prices. If they want to raise the price, they slow down production. The lower supply will equal higher prices.
What are the Problems of OPEC?
opecs problems; the increase in the production of Non-Opec members , the Drive for energy conservation. it is obvious that if the drive for energy conservation strengthens, opec members will start to loose money, their cartel will be of no use anymore since people will start to buy alternative energy sources that are cheaper and environmental friendly.
What method can you use to understand gas questions in chemistry?
increase the pressure on it
What Method of reproduction would you use to have them increase in number in the shortest time?
rainboo
What method did Lincoln and Davis use to increase the size of their military forces?
coscription
How did the use of steamboats increase trade and profits?
The steamboat is faster that a sailboat so they could ship goods faster than with a sailboat
How you contribute to companys growth?
By doing things that increase profits on the business you have. Efficiency Increase earnings by increasing sales. Using profits to expand business: like buy anoter truck or open another store or enlarge. Use new capital to expand like number two.
What new ideas can you give or use to increase your profit as a junior manager?
manager of what? Not enough detail was provided to anser the question. Perhaps if you were able to properly posit your questions, your profits might increase...
What theme would you use to examine the reason for the formation of OPEC?
Economics
What themes would you use to examine the reasons for the formation of OPEC?
Economics
Who of these themes would you use to examine the reason for the formation of OPEC?
Economics
