OPEC

Irene and Vitalia

OPEC

OPEC means Organization of the Petroleum Exporting Countries. This organization established at a conference on Sept 10-14, 1960 in Baghdad. OPEC is open to any country who is substantial in oil or shares it. since 2011,this organization has 12 country members.this also includes the founders Iraq,Iran,Kuwait, and Venezuela.
Big image
OPEC states declare oil embargo. in 1973 OPEC implements "oil diplomacy". This prohibits any nation that has supported Israel in its war with Egypt. in the middle of 1973, domestic reserves were low. The United States was importing about 27% of the crude petroleum it needed every year.

summary

OPEC has to do with exporting oil across the world. Some countries use OPEC and some don't. every year there is a lot of countries who export a lot of oil. most of the countries around the world have OPEC because is the safe way to go.