1.What is OPEC?
2.Who established OPEC?
3.What does OPEC want to do?
4.Summarize OPEC’s mission in 13 words…
What happens to the price of oil when the supply is low? What about when the supply is high?
6.Based on the map on slide 7, how much of the world’s oil does OPEC control? Explain whether or not this control allows them to have a greater influence in the World….
7.If you were a country in the Middle East/SW Asia, would you want to be a part of OPEC?