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Student Essay on Opec's Real Influence on Oil Prices

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About 3 pages (960 words)
Organization of the Petroleum Exporting Countries Summary

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Opec's Real Influence on Oil Prices

Summary:   OPEC should not be blamed for the rising price of oil. Several other factors are involved in determining the cost of crude oil.


The Four-One-One on Oil Prices

Americans were horrified, to say the least, as they shelled out the money to fill their vehicles' tank full of gas throughout the month of April. As the national average hovered around $2.22 per gallon (Coy 2) and reached as high as $2.45 in some areas of south central Michigan, Americans could be heard everywhere cursing under their breath at the so-called "oil tyrants" of the Organization of Petroleum Exporting Countries (OPEC) and mainly the Middle-Eastern members (Maich 1). But the fact of the matter is these specific countries are not to blame. Americans are either not aware of or are not being informed of by the government about several other causes to this serious problem. This misconception causes unneeded racism toward members of the Arabic community.

The vast majority of American citizens.....

This is a free excerpt of 135 words. There are 960 words (approx. 3 pages at 300 words per page) in the full essay.

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