WORLD WAR II
DECOLONIZATION PHASE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Why was OPEC created?
|
|
To regulate the supply and price of oil
|
|
|
to help the Palestinians in their problems with Israel
|
|
|
to design new machinery to get oil out of the ground
|
|
|
to keep countries that are not members from producing any oil
|
Explanation:
Detailed explanation-1: -OPEC aims to regulate the supply of oil in order to set the price on the world market. The arrival of fracking technology for natural gas in the U.S. has reduced OPEC’s ability to control the world market. The organization was established in 1960 by its founding members Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela.
There is 1 question to complete.