hellllppppppp!!!!!
2007-01-27 05:26:49 · 6 answers · asked by Anonymous in Arts & Humanities ➔ History
Are you thinking of OPEC? If so it stands for Oil Producing Exporting Countries.
2007-01-27 05:34:09 · answer #1 · answered by tchem75 5 · 0⤊ 1⤋
I think you mean OPEC
The Organization of the Petroleum Exporting Countries (OPEC) is an international organization made up of Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Since 1965 its international headquarters have been in Vienna, Austria. It is considered to be a cartel by many observers.
The principal aim of the Organization, according to its Statute, is the determination of the best means for safeguarding their interests, individually and collectively; devising ways and means of ensuring the stabilization of prices in international oil markets with a view to eliminating harmful and unnecessary fluctuations; giving due regard at all times to the interests of the producing nations and to the necessity of securing a steady income to the producing countries; an efficient, economic and regular supply of petroleum to consuming nations, and a fair return on their capital to those investing in the petroleum industry." OPEC's influence on the market has not always been a stabilizing one, however. It alarmed the world and triggered high inflation across both the developing and developed world through its use of the oil weapon in the 1973 oil crisis. Its ability to control the price of oil has diminished greatly since its heyday, following the much-expanded development of the Gulf of Mexico, the North Sea, and the growing fluidity of the market. However, OPEC still has considerable impact on the price of oil.
2007-01-27 05:34:49 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Do you mean "OPEC," The "Organization of the Petroleum Exporting Countries?" Because if you did, this is the "cartel" of countries that produce large amounts of oil, and coordinate with each other to influence global prices for crude oil by coordinating their output levels.
2007-01-27 05:35:44 · answer #3 · answered by nadie 2 · 0⤊ 0⤋
I'm guessing you mean OPEC - it stands for Oil Producing and Exporting Countries. That would include Venezuela, Saudi Arabia, and a host of others.
2007-01-27 11:31:56 · answer #4 · answered by Kath 1 · 0⤊ 0⤋
Office for Official Publications of the European Communities
2007-01-27 11:17:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋
oopec? do u mean opaque, this is meaning None Transparent or not see through, hope that answers your question...
2007-01-27 05:39:14 · answer #6 · answered by Mattie 2 · 0⤊ 0⤋