The Prize: The Epic Quest for Oil, Money, and Power

OPEC was founded with which goals in mind?

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Asked by Cat on 26 Mar 02:04

Last updated by Cat on 26 Mar 02:06

1 Answers

Answered by Cat on 26 Mar 02:06

OPEC was founded in 1960 with several goals. First, the members hoped to restore oil prices to the precut levels. Second, they hoped to require price consultations so that they would have more control. Finally, OPEC wanted to create a system that would allow them to regulate oil