MW notes 10-2 - OAPEC Provide three examples of the use of...

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MW 17:11 Middle East Oil Why has the Middle East become the center of world petroleum activity Tons of oil in reserves Oil is more easily recoverable Sweet Oil, low sulfur content Less expensive to refine Located around the gulf Oil workers in Middle East countries mainly come from third world countries Work cheap Low labor costs Middle East relatively close to Asian countries with large assumption China  Japan OPEC/OAPEC Pre-World War II American, British, and French petroleum companies obtained drilling rights in a number  of middle East countries OPEC Large profits to companies not countries Created to control these companies Total of 12 countries Controls 81% of the worlds total proved oil reserves in 2013
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Unformatted text preview: OAPEC Provide three examples of the use of oil as a tool of foreign policy OAPEC Collaborated on oil embargo on Israelis supporters in 1973 United States and Netherlands were focused on in embargo Punish the states that supported Israel in this war 1979 Shah of Iran overthrown Iran withholds its oil form markets to punish the countries that supported Shah US again was the focus Price manipulation Saudi Arabia can vary production levels in response to global supple and demand Want a reasonable oil price Keep US from investing in alternative energy 17:11 17:11...
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