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Title: oils

Essay Details

Subject: History
Author: Janet P
Date: October 28, 2015
Level: University
Grade: B
Length: 4 / 960
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Then in 1960, many of the oil producing nations, from both the Middle East and elsewhere, formed a cartel to protect their interests. [Currently, OPEC is comprised of Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. Large non-OPEC producers such as Mexico, Norway and Russia sometimes go along with the cartel position of the day...

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Large non-OPEC producers such as Mexico, Norway and Russia sometimes go along with the cartel position of the day.] The goal of OPEC was to present a common front in negotiations with the giant oil companies, which themselves worked closely together. OPEC set the stage for a new process in which the producer nations would eventually take over the functions of the companies, at least in production, and retain much more of the revenues...

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