Posts tagged as:

OPEC

Oil Price Surge Not The Real Threat

May 1, 2011

in Federal Reserve, OPEC, consumers, international economy, market trends, news and updates, oil, prices, seasonal investing, transportation

Should we be concerned about $110+ oil?  Since the beginning of March, and noticeably after the March 11 triple tsunami-earthquake-nuclear disaster in Japan, oil prices have shot through the roof and show no signs of abating.  Events in Libya have helped keep oil support levels high as well, but many argue this is no mere [...]

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The OPEC Oil Consumption Cycle and the Dangers of Cheap, Subsidized Energy

July 9, 2009 · 4 comments

in OPEC, energy, international economy, oil

OPEC (Organization of the Petroleum Exporting Countries) was created in Baghdad in 1960 as an intergovernmental organization with 5 founding members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.  Since then, other members have come and gone, including Qatar, Ecuador, Indonesia, UAE, Algeria, Nigeria, Angola, and Gabon.
According to OPEC’s site, “OPEC’s objective is to co-ordinate and [...]

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