Y is O.P.E.C. bad?

Question

Why is OPEC bad?

y is OPEC bad 4 the US and other places?

also what type of business is opec and why are those types of firms bad in general??????????

thanxxxxxxxxxxxxxxxxxxxxxxxxxx... o_0

Answer 1

Oil

Producing, and

Exporting

Countries.

OPEC is a group of mostly Arab, Muslims and are all money hungry and will do what they can to cause the monetary downfall of all western countries.

Answer 2

OPEC my friend is formed by oil producing countries to decide and fix oil barrel prices and check the production of

their own members.

OPEC controls American economy,     strange but true.

You check this out with your economic teacher.

Answer 3

The Organization of the Petroleum Exporting Countries (OPEC) membership includes Iraq, Indonesia, Iran, Kuwait, Libya, Angola, Algeria, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. It is not a business, but rather, a consortium, formed with the goal of safeguarding their interests and maintaining their production and profits - good for them, who control 2/3's of the world's oil reserves, but bad for the consumer nations dependent on a steady supply of affordable oil.