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Justin Burger

Justin Burger. Period 5. 3/14/11. Opec Oil. What is O pec ?. Opec is the organization of petroleum exporting countries The countries are in the Middle East South America And Africa Opec ’s natural resources are oil and natural gas. Opec’s Geography. Opec isn’t perfect.

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Justin Burger

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  1. Justin Burger Period 5 3/14/11 Opec Oil

  2. What is Opec? • Opec is the organization of petroleum exporting countries • The countries are in the Middle East • South America • And Africa • Opec’s natural resources are oil and natural gas

  3. Opec’s Geography

  4. Opec isn’t perfect • They destroy the environment • They charge us a lot for oil and gasoline • Opec controls near the entire oil market • They give 2/3 of our oil and they have 79% of the world’s oil reserves

  5. The environment is not What it used to be • If we buy from Opec and we don’t need to worry about oil spills • If we don’t buy from them and we need to worry more about pollution lose/lose • The environment has been getting worse by this because either way someone is spilling oil

  6. Solutions to the environmental problems • The USA has done so much to help the environment like • Hybrid and electric cars • Solar, wind, and nuclear energies Chevrolet volt Even houses are equipped with solar energy

  7. More solutions Natural gas Biofuel Hydro fuels All of the listed are ideas that will get us away from opec and oil and pollution

  8. Opec’s Progress • Opec has progressed in many ways in the past years • Since we get 2/3 of our oil from opec they earn lots of money • Opec gets more money hires more people then get even more oil then they control oil market by selling it

  9. Gasoline Prices • Gasoline prices have jumped in the past few years • Prices have reached nearly $4.00 a gallon • This is caused by political unrest in the middle east so therefore workers are protesting meaning less oil produced • This creates high gas prices

  10. How religion affects Opec By having lack of interference with there ways and beliefs we can tolerate each other to support each other. Opec has many emotional decisions as well But even with our disbelief in their religion they live well we get 2/3 of our oil from them so if they stop supplying us they will get less money

  11. Miscellaneous Saudi Arabia is the highest oil producing country Opec has 12 countries in it We have 20 million barrels out of 75.6 barrels of Opec’s oil

  12. Bibliography Mickey, Andrew. "Behind the Numbers: Problems Loom for OPEC - Seeking Alpha." Stock Market News & Financial Analysis - Seeking Alpha. 25 Jan. 2009. Web. 17 Mar. 2011. <http://seekingalpha.com/article/116369-behind-the-numbers-problems-loom-for-opec>. WebsiteTagsEditDelete  "Opec Background." Http://library.thinkquest.org/26026/Economics/organization_of_petroleum_expo.html. Web. WebsiteTagsEditDelete Safdar, Anealla. "OPEC Sees Strong Oil Demand Growth in 2008; Refinery Problems to Persist UPDATE - Forbes.com." Information for the World's Business Leaders - Forbes.com. 16 July 2007. Web. 17 Mar. 2011. <http://www.forbes.com/feeds/afx/2007/07/16/afx3916325.html>.

  13. Bibliography (cont.) 2000, June. "Daily Kos: Obama to Blame for Bush's Failure to Jawbone OPEC." Daily Kos :: State of the Nation. 30 Dec. 2010. Web. 17 Mar. 2011. <http://www.dailykos.com/story/2010/12/30/932431/-Obama-to-Blame-for-Bushs-Failure-to-Jawbone-OPEC>. WebsiteTagsEditDelete Gerth, Jeff. "USA and OPEC." Health And Energy Company. 26 Dec. 2002. Web. 17 Mar. 2011. <http://healthandenergy.com/usa_and_opec.htm>. WebsiteTagsEditDelete Khadduri, Walid. "Egypt, OPEC and Rising Oil Prices." العربية.نت | الصفحة الرئيسية. 6 Feb. 2011. Web. 17 Mar. 2011. <http://alarabiya.net/views/2011/02/07/136606.html>. WebsiteTagsEditDelete Mcintyre, Douglas A. "A Symbol Of Oil’s Problems: Indonesia Leaves OPEC - 24/7 Wall St." 24/7 Wall St. - Insightful Analysis and Commentary for U.S. and Global Equity Investors. 28 May 2008. Web. 17 Mar. 2011. <http://247wallst.com/2008/05/28/a-symbol-of-oil/>.

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