Question

Question

Which of the following most accurately describes the motivations for forming the Organization of Petroleum Exporting Countries (OPEC)?(1 point)
Responses

OPEC allows participating members to resolve political disputes between themselves.
OPEC allows participating members to resolve political disputes between themselves.

OPEC is the result of a system of treaties designed to allow free trade between member countries.
OPEC is the result of a system of treaties designed to allow free trade between member countries.

OPEC allows participating countries to participate in greater trade, ensuring their own access to oil.
OPEC allows participating countries to participate in greater trade, ensuring their own access to oil.

OPEC allows participating countries to coordinate oil policy, impacting the price of oil globally.

Answer 1

The option that most accurately describes the motivations for forming the Organization of Petroleum Exporting Countries (OPEC) is:

OPEC allows participating countries to coordinate oil policy, impacting the price of oil globally.

OPEC was established primarily to manage the production and pricing of oil among its member countries, ensuring they have a collective influence on the global oil market.