ZuoTi.Pro
Question

3. Question # 3 - OPEC is an alliance of exporting oil and gas countries ....

3. Question # 3 - OPEC is an alliance of exporting oil and gas countries . It is believed that OPEC is an effective organization for the member countries.

a. Compare and discuss OPEC and other regulatory alliances and networks. Do you believe the statement above is true regarding the effectiveness of OPEC and other organizations?

b. Can The OPEC control oil and gas worldwide prices? Why or why not?

4. Question # 4 : Because of high costs for the extractive industry there is a need to consolidate and jointly concentrate their efforts on production,refining and sales. This is in the best interest of the United States and its consumers.

  1. Do you agree with the above statement? Explain in detail your position on this statement.

  2. Are some oligopolies acceptable especially within the extractive oil and gas industry?

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

0 0
Add a comment
Know the answer?
Add Answer to:
3. Question # 3 - OPEC is an alliance of exporting oil and gas countries ....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Global Airline Alliances, Airline Joint Ventures, and Network Difficulties Star Alliance (initiated by United Airlines) became...

    Global Airline Alliances, Airline Joint Ventures, and Network Difficulties Star Alliance (initiated by United Airlines) became the first multi-airline global network where member carriers could book seamless schedules and share frequent flyer benefits among their passengers. It was a convenient way for airlines to expand and maintain market share internationally without having to invest billions of dollars in market growth initiatives. It gave alliance partners airport access in regions where it might be difficult to obtain. Many of the partners...

  • Oil and fuel industry Malaysia’s energy security strategy has always been to export its premium Tapis...

    Oil and fuel industry Malaysia’s energy security strategy has always been to export its premium Tapis sweet crude oil and import low-grade oil to refine in its downstream facilities. However, to move up the value chain, Malaysia is gearing up to increase its refining capacity to become a net oil product exporter. The Pengerang Integrated Petroleum Complex (PIPC) in Johor, and Sipitang Oil & Gas Industrial Park (SOGIP) in Sabah has been established to cater to this growth, almost doubling...

  • Please solve the final answer for all following 10 multiple choice questions When countries join together...

    Please solve the final answer for all following 10 multiple choice questions When countries join together to form a trade bloc with special relationships among the members, it is called O Association of countries O Group of countries O Preferential trade arrangement O Union of countries There are different forms of Preferential Trade Agreement (PTA) around the world. The Economic and Monetary Union type of PTA is found in: O Southern Asia O Western Europe O The GCC O The...

  • Oil prices rose more than 20% this year but there were no sharp spikes and crude...

    Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of two OPEC members and gigantic supply cuts from big oil producing countries. The price gains in crude oil benchmarks were all in the first quarter of 2019, even as the next several months featured supply shocks that in the past would probably have propelled...

  • Kyle Ritter, Manager of the Strategic Sourcing Group (SSG) at Velocity Oil & Gas Company, sat...

    Kyle Ritter, Manager of the Strategic Sourcing Group (SSG) at Velocity Oil & Gas Company, sat at his desk and ran through his briefing points for his meeting later in the day. Kyle was the manager of the first-ever SSG at Velocity. A year ago, he had left a promising career as a purchasing manager with a consumer-packaged goods firm back in the mid-west for a complete change of scenery, geography (Denver), and profession (oil and gas exploration and production,...

  • Read the case study and answer the questions in the end. Towards a diversified knowledge economy...

    Read the case study and answer the questions in the end. Towards a diversified knowledge economy ECONOMIC DVERSIFICATION DRIVES GROWTH IN THE UAE UAE expects higher non oil growth in 2018 due to diversified economy 3.5 70 TOP COUNTRY Source www.putees.co sF KY ScroRs 100 MLLION 25 240 5 200 30 Diversification is important to promote economic development, to create job opportunities for a rapidly growing local workforce, but also to reduce or spread the risk of a high economic...

  • QUESTION 3 The textbook discusses 3 types of environmental degradation affecting the environment. Below, please match...

    QUESTION 3 The textbook discusses 3 types of environmental degradation affecting the environment. Below, please match each type of degradation discussed to the type of consequence suggested in the textbook. (Answer based on what the book says, not based on your personal opinion.) Air pollution A., is killinig humans 8,..isklin the earth Land poliution Water pollution address chiticar Watel Air Pollution Air pollution occurs when the release of materials to the atmosphere cannot be safelv disposed of by natural processes....

  • The world’s 3 billion-plus smartphones emit the kind of data that health authorities covet during outbreaks....

    The world’s 3 billion-plus smartphones emit the kind of data that health authorities covet during outbreaks. They show where individuals are, where they’ve been and who they might have talked to or even touched — potentially offering maps to find infected people and clues to stopping new ones. But gaining access to this data, even amid a global pandemic, is made complex by the legal and ethical issues surrounding government access to information that can reveal intimate details about citizens’...

  • Carlsberg in Emerging Markets A breeze of optimism blew through the office of Carlsberg A/S’s CEO,...

    Carlsberg in Emerging Markets A breeze of optimism blew through the office of Carlsberg A/S’s CEO, Jørgen Buhl Rasmussen. After finally gaining 100 percent control over the giant Russian brewery Baltic Beverages Holding (BBH), and with the investments in Western China beginning to bear fruit, the newly appointed CEO was confident that the Danish brewing company’s intensified focus on emerging markets would pay off. The company was counting on tapping the massive potential in emerging markets in order to achieve...

  • Risk management in Information Security today Everyday information security professionals are bombarded with marketing messages around...

    Risk management in Information Security today Everyday information security professionals are bombarded with marketing messages around risk and threat management, fostering an environment in which objectives seem clear: manage risk, manage threat, stop attacks, identify attackers. These objectives aren't wrong, but they are fundamentally misleading.In this session we'll examine the state of the information security industry in order to understand how the current climate fails to address the true needs of the business. We'll use those lessons as a foundation...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT