CLEAN : OPEC: Any decision must be unanimous: UAE Energy Minister

CLEAN : OPEC: Any decision must be unanimous: UAE Energy Minister

Assessment

Interactive Video

Business, Social Studies, Other

11th - 12th Grade

Hard

Created by

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FREE Resource

The video discusses the importance of not rushing to conclusions and highlights the challenges faced by OPEC in achieving unanimous decisions. It emphasizes the need for sustainable agreements that benefit all members and the risks associated with delayed investments. The speaker warns of potential future shocks due to postponed projects and stresses the importance of rational decision-making within OPEC.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key requirement for OPEC's decision-making process?

Majority vote

Public referendum

Unanimous agreement

Presidential approval

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential consequence of not investing in a timely manner?

Immediate financial gain

Decreased production costs

Future punishments

Increased market share

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What historical context is used to emphasize the importance of timely investments?

Future predictions

Current market trends

Past OPEC meetings

Previous cycles

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major concern for responsible producers according to the speaker?

Technological advancements

Increased competition

Investment slowdowns

Short-term price drops

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What could delayed projects potentially lead to in the future?

Increased investments

Economic growth

Market stability

A future shock