OPEC+Project

=Station 4=

Click the links below to obtain the information needed to answer Station 4 questions.
1. What do the acronym OPEC stand for?

2. Which nations are members of OPEC?

3. In your own words, explain the purpose of OPEC.

4. How much did OPEC charge for a barrel (basket) of oil in 2001? How much does that same barrel (basket) cost in 2014?

5. What factors can influence the price consumers pay for oil?