Social Studies, 02.03.2021 19:20, anitadefrances
“OPEC’s oil production bobs up and down. In general, its production is lower when oil prices are low, and higher when oil prices are high. (This shouldn’t be a surprise.) Recently, its production has been lower in response to low prices. Effective January 1, 2020, OPEC plans to reduce its production by another 500,000 barrels per day.”
By Gail Tverberg - Jan 11, 2020, 6:00 PM CST Oilprice. com
Based on this passage what effects does oil have on the movement of products?
OPEC disregards changes in demand of oil and gas, therefore, consistently produces the same amount year to year.
OPEC sets production levels to meet global demand and can influence the price of oil and gas by increasing or decreasing production.
OPEC responds to global demands for oil and gas by increasing production to meet the needs of all countries.
OPEC wants to increase the number of members its organization to increase its control of oil prices.
Answers: 3
Social Studies, 22.06.2019 20:50, joshvslogic341
According to bowers, which of the following best describes the dominance of interest groups in the state of nevada over time? political machines dominated during the first 50 years; from 1908 to 1958 railroad and mining interests dominated; primarily gaming interests from 1958 to the present. the railroad and mining interests dominated during the first 50 years of statehood; political machines dominated from 1908 to 1958; primarily gaming interests have dominated from 1958 to present. gaming interests have always dominated. railroad and mining interests dominated from statehood until 1959; gaming interests have dominated from 1959 to present. no one interest has ever dominated at any one time.
Answers: 2
Social Studies, 23.06.2019 05:00, klaytminecraft
What obstacles did jen bricker face early in life?
Answers: 2
“OPEC’s oil production bobs up and down. In general, its production is lower when oil prices are low...
Mathematics, 26.03.2021 03:00
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