The Organization Of Petroleum Exporting Countries (OPEC)

Abstract: This 14 page paper discusses OPEC behaviors and comments on economic theories in relation to those behaviors. Data regarding market share and production are included. The dominant role of Saudi Arabia is also discussed. The impact price spikes and supply fluctuations have on the economy of nations who import large quantities of OPEC oil is discussed. The writer concludes with recommendations for policies and/or actions the United Kingdom or other countries might adopt to curb the monopolistic nature of OPEC and to deal with the uncertainties associated with oil supply and prices. Bibliography lists 15 sources.

Filename: PGopecuk.rtf

Pages: 14

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Catagory:

Subcatagory: Economics And Economic Theory

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