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Since the 1970's 80% of the oil in the US comes from OPEC. Before 1970 the USnproduced 80% and imported 20%.
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What type of government controls the OPEC?
OPEC controls most of the worlds oil source.
What is the most important function of OPEC?
The main function of the OPEC is to help with Petroleum needs in poor countries such as Kenya
Where are most of the members of the OPEC located?
Middle East
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.
Why is it unlikely that OPEC will cut off oil exports today?
For most OPEC nations, oil is their only or by far most valuable export. In order to cut off oil exports, they would have to endure large domestic spending cuts, which many are not willing to do.
Which country imports the most oil from OPEC?
According to AESC the US is the biggest OPEC customer.
What is the country that imports the second most oil from OPEC in the world?
Japan
Which country is the most influential member of OPEC?
Saudi Arabia is considered the most influential member of OPEC due to its large oil reserves, production capacity, and role in influencing global oil prices.
What type of government controls the OPEC?
OPEC controls most of the worlds oil source.
What country exports oil the most than any other nation?
Not one exports more, but a collection of 21 that belong to OPEC.
How important is the Persian Gulf to OPEC?
Very important, most of OPEC 's member countries are there.
What are the non-Arab petroleum producing countries?
The following countries produce more than 1% of the world's petroleum and are listed from most to least percentage: Country Percent of Production Arab or Non-Arab OPEC Member Russia 12.65% Non-Arab Non-OPEC Saudi Arabia 11.28% Arab OPEC United States 10.74% Non-Arab Non-OPEC Iran 4.77% Non-Arab OPEC China 4.56% Non-Arab Non-OPEC Canada 3.90% Non-Arab Non-OPEC Iraq 3.75% Arab OPEC United Arab Emirates 3.32% Arab OPEC Mexico 3.56% Non-Arab Non-OPEC Kuwait 2.96% Arab OPEC Brazil 3.05% Non-Arab Non-OPEC Nigeria 2.62% Non-Arab OPEC Venezuela 2.93% Non-Arab OPEC Norway 2.79% Non-Arab Non-OPEC Algeria 2.52% Arab OPEC Angola 2.31% Non-Arab OPEC Kazakhstan 1.83% Non-Arab Non-OPEC Qatar 1.44% Arab OPEC United Kingdom 1.78% Non-Arab Non-OPEC Azerbaijan 1.20% Non-Arab Non-OPEC Indonesia 1.66% Non-Arab Non-OPEC
What is most closely related to OPEC during the 1970?
The energy crisis in the United States in the 1970s is closely related to Opec.
What is the most important function of OPEC?
The main function of the OPEC is to help with Petroleum needs in poor countries such as Kenya
Where are most of the members of the OPEC located?
Middle East
Which country has the most petrol?
OPEC Is an International organisation of countries that have massive amounts of petrol. Venezuela is ranked number 1, fallowing Saudi Arabia and Kuwait.
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