|
HOME |
|
Site Best Viewed 1024x768 |
|
RuPrepared.Ca
 |
|
Get Your
Emergency Alert Weather Radio |
|
Innisfil/BarrieOnline
Place Your Free Ad |
|
Today's Air Quality! |
|
Weather Graphs |
|
Area Weather |
|
Weather Cams |
|
Snowmobiling |
|
Health & Weather |
|
Home &
Garden |
|
Marine
Info |
|
Fishing |
|
Historical
Data |
|
Photo Gallery |
|
Video Library |
|
Key
Weather Terms! |
|
Earthquake Activity |
|
Northern Lights |
|
Weather Sounds |
|
About InnisfilWeather |
|
Town of Innisfil |
|
AWEKAS |
|
CWOP |
|
Weatherforyou.com |
|
Kids Corner |
|
Link To Us |
|
RuPrepared.Ca
|
|
Know the Risk, Make a Plan, Get Prepared!
All Hazard Emergency/Alert Weather
Radios, MREs,
Emergency Freeze Dried Dehydrated Meals. |
|
Emergency Weather Alert Radios
can be lifesavers when severe weather threatens.
AM/FM, Alarm clock, 7 weather channels. Get your very own Weather Radio
now.
Click For More Info
 |
|
Click here for Local Gas Prices |
|
Free ATM'S
Start Making Money Today!
1.888.958.5645 |
|
Listen to the June 23,2010 Tornado Warnings In
Southern Ontario by Environment Canada, this is why you need a Weather
Alert Radio! |
|
$12.88
Canada's best domain price
|
Domains $3.95/Web Hosting
250 Gb Bandwidth, No Set up Fees
Free Software/Scripts, 99.9% Uptime
GoodToGoWebHosting.com |
|
 |
nks
| |
What is OPEC?
|
| OPEC is an acronym for Organization
of the Petroleum Exporting Countries. OPEC was formed in 1960 in
Baghdad, Iraq with five founding member countries. Currently OPEC is a
cartel composed of 11 oil producing countries. Current member countries
include: Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar,
Saudi Arabia, United Arab Emirates, and Venezuela. OPEC's stated purpose
is said to serve three main functions: 1) Help stabilize world oil
prices 2) Ensure oil producers achieve a reasonable rate of return on
production 3) Ensure a stable supply of crude oil for consumer use. OPEC
has a current goal of $27 US per barrel of oil. |
How much crude oil do the OPEC
countries produce?
|
| Collectively these countries hold
approximately 77% of known world crude oil reserves. In terms of daily
crude oil production OPEC countries currently produce about 41% (24.2
million barrels per day) of the world's crude oil. The oil exported by
the OPEC countries accounts for 55% of all oil traded internationally.
OPEC countries also represent about 15% of total world natural gas
production. |
How does OPEC set oil prices?
|
| OPEC does not "set" oil prices. OPEC
manipulates the free market price of crude oil by setting caps on the
oil production of its member countries. Twice each year, ministers from
each OPEC country meet in Vienna, Austria to review the status of the
international oil market and to forecast the future oil demands in order
to agree upon an appropriate crude oil production level. |
|
