Question

One of the main goals of OPEC's members is to
A. help set international oil prices
B. experiment with new energy sources
C. settle conflicts over water resources
D. discover all of the world's petroleum sources

Answer 1

Answer: It is A

Explanation: I got it wrong the first time. But its A

Answer 2

My Answer:

The main goal of OPEC members amidst others is to be able to set global and international oil prices.

• OPEC stands for Organization of Petroleum Exporting Countries. It is made up of member state whose economy is centered on the sale of oil.

• To be a member of OPEC, oil must be the major export from such country. It is made up of states such as Nigeria, Saudi Arabia, Kuwait, etc.

• OPEC is often right tagged a cartel because its activities seeks to monopolize the oil industry.

• It was formed in 1960 by agreements made by Venezuela and Saudi-Arabia oil chief.

• OPEC aims to achieve its goals by controlling production and rationing output from the member states.