OPEC Capital s What is the price of today s

OPEC Capital[s] What is the price of today’s higher standard of living which we see all around the globe? It’s better than what our forbearers had …. . . but who pays for it? Contemporary Power

OPEC then and now

Goal One: determination of the best means for safeguarding OPEC's interests, individually and collectively. Goal Two: pursues ways and means of ensuring the stabilization of prices in international oil markets, with a view to: Øeliminating harmful and unnecessary fluctuations; Ø giving due regard at all times to the interests of the producing nations and to the necessity of securing a steady income to the producing countries; Ø an efficient and regular supply of petroleum to consuming nations; and, Ø a fair return on their capital to those investing in the petroleum industry.

Oil Flow

First Perspective OPEC/non-OPEC countries by: Producing 41. 3% / 58. 8% Refining 9. 5% / 90. 5% Consuming 7. 8% / 92% In reserve 77. 2%/ 22. 8% Why does OPEC have so much power? They’re suppliers but almost non-consumers…. is it like the drug lords of Colombia?

Oil Producing Second Perspective Oil Demanding

Why didn’t Saudi Arabia [below] & the USA ratify the Kyoto Protocol? Third Perspective

Tripoli, Libya

Tehran, Iran

Riyadh, Saudi Arabia

Quito, Ecuador

Luanda, Angola

Kuwait City, Kuwait

Doha, Qatar

Caracas, Venezuela

Baghdad, Iraq

Algiers, Algeria

Abuja, Nigeria

Abu Dhabi UAE