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

What weakened OPEC's position in the oil industry? Give at least one specific example.

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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

New oil finds outsides of the Middle East weakened OPEC's position. Countries could go elsewhere for oil if they didn't like OPEC's decisions. For example, France gained most of it's oil from Africa in the 1950s.