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What was a chief cause of the rising prices of the 1970's?
The formation of OPEC and the increase in the price of oil was a chief cause of the rising prices of the 1970's
Why did OPEC not raise prices during the 1980s and what is OPEC attempting to accomplish now?
To help stablize oil prices.
What group was formed to regulate oil prices?
OPEC
Why would a shortage of OPEC oil at current market prices increase oil prices?
Because world wide demand would still continue and demand or even the percieved demand is what controls the market.
Is OPEC to blame for high gas prices If so why?
OPEC wants gas prices to be higher so that its member nations can profit more from oil.
Why did OPEC increase oil prices 1973?
To pressure the United States not to support Israel
What was a chief cause of the rising prices of the 1970's?
The formation of OPEC and the increase in the price of oil was a chief cause of the rising prices of the 1970's
Why did OPEC not raise prices during the 1980s and what is OPEC attempting to accomplish now?
To help stablize oil prices.
What is the primary goal of OPEC?
To control the production of oil
What group formed to regulate oil prices?
OPEC
What group was formed to regulate oil prices?
OPEC
Why would a shortage of OPEC oil at current market prices increase oil prices?
Because world wide demand would still continue and demand or even the percieved demand is what controls the market.
Is OPEC to blame for high gas prices If so why?
OPEC wants gas prices to be higher so that its member nations can profit more from oil.
What does the organization do OPEC?
OPEC was created so that the prices for oil could be unified. it was also created so that the producers of the oil have a stable price as well.
How fair is OPEC in controlling these prices?
OPEC is the organization of petroleum exporting countries. OPEC rolls out regulations to control the prices of petroleum products in fair markets by determining production of oil in various locations.
How fair is OPEC in controlling prices?
OPEC is the organization of petroleum exporting countries. OPEC rolls out regulations to control the prices of petroleum products in fair markets by determining production of oil in various locations.
What groups controls the prices of Arab oil?
OPECopec
