Organizations like OPEC have formed ________________.
A) in order to take maximum advantage of developed nations dependence on imported oil
B) to ensure that developing nations get their fair share of fossil fuels
C) as a military alliance to protect developed nationsʹ energy reserves
D) to protect their national membersʹ petroleum reserves for their own use
E) to develop technologies to conserve non-renewable energy resources

Question

Quizplus · Accepted Answer

OPEC (Organization of the Petroleum Exporting Countries) was formed primarily to coordinate and unify petroleum policies among Member Countries, to secure fair and stable prices for petroleum producers, a regular supply of petroleum to consuming nations, and a fair return on capital to those investing in the industry. This coordination can lead to taking maximum advantage of developed nations' dependence on imported oil by influencing oil prices and production levels.

Organizations Like OPEC Have Formed ________________