The Organization of the Petroleum Exporting Countries

"Formed in 1960, OPEC's goal was to defend the price of oil and eliminate price fluctuations, with "due regard being given at all times to the interests of oil-producing nations and to the necessity of securing a steady income for them." The history of OPEC reflects the growing importance of oil in the global economy. This book explores how oil moves from the ground to the gas pump, how the price of that oil is determined, and oil's role in international politics and in the countries where it is discovered. Also discussed are OPEC's history, structure, successes and failures in fulfilling its mission, and the ways in which it has used oil as a tool of foreign policy.--From publisher description."
"Formed in 1960, OPEC's goal was to defend the price of oil and eliminate price fluctuations, with "due regard being given at all times to the interests of oil-producing nations and to the necessity of securing a steady income for them." The history of OPEC reflects the growing importance of oil in the global economy. This book explores how oil moves from the ground to the gas pump, how the price of that oil is determined, and oil's role in international politics and in the countries where it is discovered. Also discussed are OPEC's history, structure, successes and failures in fulfilling its mission, and the ways in which it has used oil as a tool of foreign policy.--From publisher description."@en