Which of the following is a fair assessment of the Oil Producing and Exporting Countries (OPEC) organization?

A.) OPEC produces and distributes most of the oil and gasoline produced in the United States.
B.) OPEC was a minor organization in the 1970s with no significant impact on the United States.
C.) OPEC is a group of Arab nations that wishes to export oil to its allies and deny it to enemies.
D.) OPEC is mainly an economic group but will make use of its power over oil for political reasons.

The Organization of Petroleum Exporting Countries (OPEC) may be a group comprising of twelve of the world's considerable oil-exporting countries. The motive of OPEC is to organize and integrate the oil policies of its Member Countries and make sure the oil markets are stable so as to secure an productive, economic and regular offer of oil to customers, a gradual financial gain to promoters and a good come back on capital for people who are making investments to gain some profit.

vktanonymous vktanonymous · Answer 2 · 2022-06-06T13:54:52+02:00

OPEC is mainly an economic group, but will make use of its power over oil for political reasons is a fair assessment of the Oil Producing and Exporting Countries (OPEC) organization.

What is OPEC?

OPEC, in full Organization of the Petroleum Exporting Countries, a multinational organization that was established to coordinate the petroleum policies of its members and to provide member states with technical and economic aid.

OPEC is made up of 13 member nations. It has five founding members and the several other full members.

Therefor, option D is true as OPEC is mainly an economic group but will make use of its power over oil for political reasons.

Learn more about OPEC here,

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