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What else can I help you with?
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.
Which region has an economy that is most Dependant on the export of oil?
The Middle East and Southwest Asia's economy depend on the export of oil. Several countries in Africa have a dependence on imported oil.
When did Reagan deregulate price controls on oil?
In February, 1981 Reagan decontrolled oil prices.
Self correcting mechanism crude oil prices?
Controls the price fluctuation.
What is the name of the organization that controls oil production in the middle east?
Organization of Petroleum Exporting Countries (OPEC)
What monopoly was formed by oil-producing nations of the middle east to control the supply and price of oil?
OPEC
Where does the US get much of it oil from?
the Middle East
Why is the middle east said to have a comparative advantage in producing oil?
Middle East nations can produce oil less expensivelyNova Net Answer: Middle east nations can produce oil less expensively.
Why was the middle east said have a comparative advantage in producing oil?
Middle East nations can produce oil less expensivelyNova Net Answer: Middle east nations can produce oil less expensively.
Why is oil sometimes difficult to get from middle east and more expensive?
The oil is so expensive because our oil comes from the Persian Gulf and is shipped here. Since oil is originally from that area, it's pretty expensive. The distance is not the major factor in the price of a barrel of oil. The most important factors are the limited production of OPEC and the uncertainty caused by constant wars in the Middle East.
Where does the United states get much of its oil from?
Middle East
Do they buy the oil from middle east?
Many countries by oil from the middle east. (70% of all countries) :)
What country in the middle east is the leading producer of oil?
Saudi Arabia is the leading producer of oil in the Middle east.
What is the Middle East nation that you get oil from?
Nations around the Persian Gulf are the big producers of oil in the Middle East.
What would cause the cost of gasoline to go up?
The price of oil going up in the middle east. We get oil from the middle east and oil is in gas so if oil is high the gas will be high but most the time we should not have to pay so much but the oil companies are just being greedy. -C.I. (Peace Y'all!!)
What events was likely caused by demand for oil?
bloody price increase in petrol as usual..
