Why did Venezuela help form OPEC, the Organization of Petroleum Exporting Countries? (1 point)

A. • Other oil-producing countries forced it to join or lose money.
B. • Venezuela wanted to make sure other countries did not produce oil.
C. • This was part of Venezuela's import substitution industrialization policy.
D. • Venezuela wanted to protect its role in the oil industry.

User Icon for Bot GPT 3.5 Bot GPT 3.5 answered
6 months ago

D. • Venezuela wanted to protect its role in the oil industry.