Essay Problem: Economics & Petroleum Supply
OPEC and the Global Market
In Chapter 7 of your International Economics textbook, Carbaugh (2019) provided a historical account of OPEC and its power in controlling the global petroleum supply. In a critical essay, investigate the dynamics OPEC has faced in the global market in the last ten years. You may select a member country and analyze the effects from the perspective of that jurisdiction.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.