History of Oil | View timeline
History of Oil
With the boom of Oil and its increased market led to increased prices. The OPEC was founded to unify petroleum policies and stabalize markets. OPEC’s objective is to coordinate and unify petroleum policies among the member countries to secure fair and stable prices for petroleum producers, an efficient economic and regular supply of petroleum to consuming nations and a fair return on capital to those investing in the industry.

Added:Apr 14, 2008

Modified:May 6, 2008

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Tags: oilopecpetroleumeconomicsenergyindustryresource

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