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Matthew Rohring

on 27 March 2013

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Transcript of OPEC

O P E C OPEC stands for the

Organization of Petroleum Exporting Countries

OPEC was organized by countries around the world that produce petroleum

What is Petroleum? - oil is used as fuel to heat homes, produce energy, and most importantly to drive vehicles

- oil is also used to make plastic products The US relies on oil for
many, many things. So... We must work together with OPEC to make sure we have enough oil to meet our needs. The US cannot produce
enough oil itself and must
import it from other
countries that are a
part of OPEC. OPEC controls the production and the price of oil.

During the energy crisis of the 1970's, we weren't importing enough oil. What are some implications of an oil shortage?

Is it important that we have a good relationship with OPEC? Stop video at about 3:00 Oil is so important that we need a song to remember
O P E C Replace "it's fun to stay at the YMCA" with "we're getting oil from the OPEC!" It's at about 45 seconds in!
Full transcript