Gets together several times a year and predicts usagedemand of oil for the next

Gets together several times a year and predicts

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Gets together several times a year and predicts usage/demand of oil for the next year and once they have the # they divide it amongst each member state to tell how much they should make and work together to set the price Member business states Lots of these countries don’t like each other that much and fight on the pricing of the oil; Indonesia left Saudi Arabians are main ones produce most oil, have biggest oil industry, allies with US and of European countries Lots of people hate OPEC and think they are evil; hate them b/c they fly in the face of free market capitalism Saudis would argue its not that bad because they want a lower, stable price Set the price of oil too high- countries can’t pay or countries will look at alternatives (sources of energy) Major non-OPEC oil producers: Russia, Norway & Mexico De Beers Cartel: 80 to 90 percent of the world’s diamonds (all of it), labeled as monopoly in the past Monopoly-when a single entity controls a resource/service in its entirety. Decide price and supply De Beers used to be monopoly but now a cartel since diversified OPEC has too many players to me a monopoly Monopoly= Google, controls lion shares of internet interaction, becoming first monopoly on digital information, sign of our time and technology Dictate terms of which you can get it US anti-monopoly Why We Work Together: Security& Defense Supranationalist organizations based on defense/peace/security
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1919 League of Nations; failed because US and others weren’t ready for supranationalist game yet and had to wait for WWII; millions dead and US started talking about global institution 1945 United Nations- To provide a common forum for all the stated to talk to each other, give everyone equal voice, peaceful forum where every state can way in on the issues of the day and express their opinions and figure out ways to solve situations before they happen Promise of peace vs. Threat of annihilation/ promise of pain Agreements: Pacts of non-aggression/ Defense Pacts- When two states get together and promise to not attack each other i.e. Germany & Russia Defense Pacts- More proactive b/w UK and France, if one is attacked aid/ assistance is provided i.e. multitude of defense pacts signed by all European powers w/ each other that starts WWI Based on idea that strong defense would stop conflict from occurring 1955- Warsaw Pact 2001 SCO NATO UN Most powerful military power
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  • Fall '08
  • JDBOYER

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