¿La OPEP todavía puede dar pelea?

¿La OPEP todavía puede dar pelea?

Assessment

Interactive Video

Business, Architecture

University

Hard

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The Organization of Petroleum Exporting Countries (OPEC) produces 40% of the world's oil, giving it significant influence over global oil prices. However, OPEC faces challenges from the US's increased shale oil production and the global shift towards renewable energy. To counteract these challenges, OPEC has implemented production cuts, which have had mixed success in stabilizing prices. The future of oil consumption is uncertain, with forecasts suggesting continued growth, but innovations in renewable energy could lead to a peak in oil demand sooner than expected, potentially diminishing OPEC's influence.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do non-member countries play in OPEC's agreement to cut output?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of increased innovation in renewable energy for OPEC's future?

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