The Basic Strategy of the OPEC Cartel Is to

question 68

Multiple Choice

The basic strategy of the OPEC cartel is to

• A)assure that developed nations get as much crude as oil as they need.
• B)give priority to developing nations who want to use oil to boost industrial progress.
• C)produce all their proven reserves as quickly as possible to keep prices and demand high.
• D)control production and keep the market price as high as possible without discouraging major buyers.