Buy custom The Effects of Oil Prices on Our Nation's Economy
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| Topic: |
Business
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| Number of pages / Number of words: |
14 / 3698 |
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The main objectives of OPEC were to get a fair return on exporting oil, oil price stabilization, and regulation of oil output (Shojal 85).
Today
Saudi Arabia is a leading member of OPEC. Saudi Arabia is a leading member of OPEC. (Al Faisal 1). When OPEC wants to raise the price of oil, all it has to do is just reduce its production...
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Saudi Arabia is a leading member of OPEC. (Al Faisal 1). When OPEC wants to raise the price of oil, all it has to do is just reduce its production. This causes oil prices to rise because of the short supply, but also because of the chance of future declines in production.
OPEC's part of world wide oil production has varied considerably between 1970 and the present...
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