Send the link below via email or IMCopy
Present to your audienceStart remote presentation
- Invited audience members will follow you as you navigate and present
- People invited to a presentation do not need a Prezi account
- This link expires 10 minutes after you close the presentation
- A maximum of 30 users can follow your presentation
- Learn more about this feature in our knowledge base article
Do you really want to delete this prezi?
Neither you, nor the coeditors you shared it with will be able to recover it again.
Make your likes visible on Facebook?
Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.
Transcript of OPEC
steady income 12 member countries
Vienna, Austria Unifies Different Countries Regulates Oil Prices Enables Economic Growth Market Stability Too much control? "Complain Factor" Cheating? Abusing the system? Venezuela-1949
September 14, 1960 in Baghdad, Iraq
1962 approved by United Nations 1973 1979 1986 1997 1999 2000 2003 2008 1970s to mid-1980s
two meetings per year Does OPEC set oil prices? USA's break down
of who utilizes the most oil World Consumption Consumer Spending Goes Down Due to High Gas Prices Factors Affecting Gasoline Prices Why cost fluctuate during the year...
higher demand-more travel-family vacations
maintenance on refineries
shutting them down/limiting capacity until late May Any natural disaster
disrupt transportation routes
started in 1995 (Reformulated Gasoline Program)
est. 1990 Clean Air Act Amendments
Burns cleaner-more expensive ingredients
ozone formation boosted by heat summer-grade fuel and winter-grade fuel Economics of Oil Bibliography http://auto.howstuffworks.com/fuel-efficiency/fuel-consumption/summer-fuel1.htm
http://www.eia.gov/energyexplained/index.cfm?page=gasoline_factors_affecting_prices number of gasoline stations
sources of supply Pump Prices Spring Summer Not only are humans faced with the financial burdens of oil, but also the environmental effects it poses to our world. - OPEC and it's influence on the economy.
- Why the price of gas fluctuates and when.
- What goes into the price of gas. News at 10:30