Answer:
The OPEC member countries control a large percentage of the world's oil production which gives them a lot of power to affect world oil prices.
Explanation:
OPEC with a total number of 14 members at present produces about 40 percent of the world's crude oil. Therefore, OPEC actions do affect international oil prices because of the size of the market share the collective controls. However, there are also oil sources beyond the OPEC states. For example, Brent Crude refers to oil that is produced in the Brent oil fields and other sites in the North Sea. WTI is the benchmark crude for North America. WTI is better suited to the production of gasoline while Brent oil favors diesel fuel production. Because together OPEC holds three-quarters of the world's conventional oil reserves and has the world's lowest barrel production costs, it can influence world oil prices and supply by deciding to either produce more or less barrels. If OPEC lowers production the price of oil increases because Brent and WTI have to make up the difference, and their production prices are higher. However, OPEC's ability to affect prices is changing with Canada, China, Russia and the United States increasing their own output in recent years.
Science I think if that’s a choice??
Answer:
The Great Plains is the most productive dryland wheat area in the world, and pivotal to world grain supplies (Riebsame 1990). Great Plains production accounts for 51% of the nation's wheat, 40% of its sorghum, 36% of its barley, 22% of its cotton, 14% of its oats, and 13% of its corn.
Explanation:
Moses is the most important Jewish prophet. He’s traditionally credited with writing the Torah and with leading the Israelites out of Egypt and across the Red Sea. In the book of Exodus, he’s born during a time when the Pharaoh of Egypt has ordered every male Hebrew to be drowned. To protect Moses, his mother sends him down the Nile in a basket, where he is ultimately noticed by Pharaoh’s daughter. She adopts him as her own and raises him in Pharaoh’s court.
Umm what does this mean is this the question???
