Question: Why would some oil producing countries like Libya, Nigeria, etc. join while other major oil producers, like USA or Norway not join OPEC? List multiple

Why would some oil producing countries like Libya, Nigeria, etc. join while other major oil producers, like USA or Norway not join OPEC? List multiple reasons and briefly explain them.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!