Georgia's Exploring Our World: Africa, Southwest Asia, and Southern and Eastern Asia © 2012

"The World's Oil"

Introduction
In this chapter, you have learned how the land in Southwest Asia is rich in natural resources. You have also learned that the large reserves of oil and natural gas found here are important to economies throughout the world.

Destination Title: OPEC, Organization of the Petroleum Exporting Countries: FAQ

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Directions
Click on the link above to take you to the OPEC Web site. You will begin on the "FAQ: About OPEC" page. Read through the information presented and answer the questions below.

1			Click on "What is OPEC?" and read about the organization and its purpose. Name two tasks that OPEC works to accomplish.
2			Click on "Who are OPEC Member Countries?" and "Does OPEC Control the Oil Market?" Where are the majority of member countries located? What kind of influence do they have on the oil market?
3			In the left side column under "FAQ" (Frequently Asked Questions), select "The oil industry." Click on "What happens if oil prices go up or down?" Describe why stable oil prices are best for both consumers and suppliers.
4			Click on "Is the world running out of oil?" What do you think people can do to conserve oil?