​Why Is Organization of Petroleum Exporting Countries (OPEC)so Important

question 32

Multiple Choice

​Why is Organization of Petroleum Exporting Countries (OPEC) so important?

• A) ​They have about 72% of the world's proven crude oil reserves and thus are likely to control most of the world's conventional oil supplies for many years to come.
• B) ​They consist of three countries with about half of the world's proven crude oil reserves.
• C) ​They are the major players in international policy regarding the implementation of progressive and unconventional resources.
• D) ​They control the largest reserves of unconventional resources,including tar sands and shale gas.
• E) ​They consume the largest amount of petroleum products in the world thus are likely to control most of the world's conventional oil market price for many years to come.

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Definitions:

Fibrin

A fibrous, non-globular protein produced in the blood clotting process, essential for wound healing.

Factor XII

A clotting factor also known as Hageman factor, involved in the initiation of the coagulation cascade in blood clotting.

Osmotic Pressure

The pressure required to prevent the flow of a solvent into a solution through a semipermeable membrane, reflecting the concentration of solutes.

Erythrocytes

Red blood cells that carry oxygen from the lungs to the body tissues and carbon dioxide as a waste product, back to the lungs.