OPEC

Carlos Ramos and Johnny Neico

Summary

The establishment and growth of OPEC is the history of the growing sovereignty of oil producing countries over their natural resources. Through the collaboration of its Member Countries, and through cooperative relationships with other international organizations, OPEC has consistently looked for ways to fulfill its mission of coordinating and unifying the petroleum policies of its Member Countries, and ensuring the stabilization of oil markets. from: http://www.opec.org/opec_web/en/publications/344.htm

Terms/People

Petroleum is formed by hydrocarbons (a hydrocarbon is a compound made up of carbon and hydrogen) with the addition of certain other substances, primarily sulphur. Petroleum in its natural form when first collected is usually named crude oil, and can be clear, green or black and may be either thin like gasoline or thick like tar.