Quote:
Originally Posted by Rochard
What I fail to understand is.. OPEC. Why the fuck does a Middle East organization control the world wide price of oil when the bulk of the oil imported from the US comes from Canada and Mexico?
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Opec doesn't control the world wide price of oil. Opec member countries produce 42% of the world's oil + 18% of the world's natural gas. Opec represents 58% of the crude oil traded around the world there they can have a strong influence on the market but not control it.