OPEC

• Also try: Oil Prices Spike

The Mahalo Top 7

1. Official Site: OPEC
2. Wikipedia: OPEC
3. Energy Information Agency: OPEC Brief
4. The Economist: OPEC Backgrounder
5. Reuters: "Energy Secretary "hopeful" OPEC will raise output" (Nov. 5, 2007)
6. Resource Investor: "Declaration of Principles to Be Issued at the Third OPEC Summit" (Nov. 4, 2007)
7. Google News: OPEC

OPEC Recent News

• Yahoo! News: OPEC
• WN Network: OPEC News
• CNN.com: Bush pushes Saudis for help with rising oil prices (January 15, 2008)  
  • "I would hope, as OPEC considers different production levels, that they understand that if ... one of their biggest consumers' economy suffers, it will mean less purchases, less gas and oil sold," George W. Bush
• The Associated Press: "Oil Prices Resume Rise" (November 8, 2007)
• Star-Telegram.com: "Oil prices drop below $96 in Asia" (November 8, 2007)
• Earthtimes.org: "OPEC crudes peak above 89 dollars for first time" (November 7, 2007)
• Forbes.com: "The Empty Threat Of $100 Oil" (November 7, 2007)
• CNNMoney.com: "Venezuela Oil Min:OPEC Oil Currency Basket Is Working Proposal" (November 1, 2007)
• Financial Times: Opec rejects US call to increase production (November 14, 2007)
• Reuters: Oil up $3 on forecasts for U.S. inventory drop, OPEC | Reuters.co.uk (November 14, 2007)

OPEC Background and Articles

• Official Site: A brief history of OPEC
• Wikipedia: OPEC
• Saudi Arabia Information: OPEC Formation
• The Concise Encylopedia of Economics: OPEC
• OPEC Fund for International Development

OPEC Member Countries (Year of Entry)

Iran (1960)

• Mahalo's Guide to Iran
• Official Site: Iranian Cultural & Information Center
• OPEC: Iran Facts and Figures
• Wikipedia: Iran

Iraq (1960)

• Mahalo's Guide to Iraq
• OPEC: Iraq Facts and Figures
• Wikipedia: Iraq

Kuwait (1960)

• OPEC: Kuwait Facts and Figures
• Wikipedia: Kuwait

Saudi Arabia (1960)

• Mahalo's Guide to Saudi Arabia
• Official Page: The Royal Embassy of Saudi Arabia
• OPEC: Saudi Arabia Facts and Figures
• Wikipedia: Saudi Arabia

Venezuela (1960)

• OPEC: Venezuela Facts & Figures
• Wikipedia: Venezuela

Qatar (1961)

• Official Site: Experienceqatar.com
• OPEC: Qatar Facts and Figures
• Wikipedia: Qatar

Indonesia (1962)

• OPEC: Indonesia Facts & Figures
• Wikipedia: Indonesia

Libya (1962)

• OPEC: Libya Facts & Figures
• Wikipedia: Libya

United Arab Emirates (1967)

• Official Site: United Arab Emirates News and Information
• OPEC: United Arab Emirates Facts and Figures
• Wikipedia: United Arab Emirates

Algeria (1969)

• Official Site: Algeria.com
• OPEC: Algeria Facts and Figures
• Wikipedia: Algeria

Nigeria (1971)

• Official Site: Nigeria Direct
• OPEC: Nigeria Facts and Figures
• Wikipedia: Nigeria

Angola (2007)

• Official Site: The Embassy of the Republic of Angola
• OPEC: Angola Facts and Figures
• Wikipedia: Angola

Ecuador (1963-1993, 2007)

• Official Site: Embassy of Ecuador in Washington D.C.
• Wikipedia: Ecuador
• Bloomberg.com: "Ecuador to Rejoin OPEC at Summit Meeting in Riyadh Next Month" (October 24, 2007)

OPEC Videos and Media

• Official Site: OPEC Multimedia
• YouTube & Google Video Search: OPEC
• Yahoo! Video Search: OPEC
• Yahoo! Video: 1973 OPEC Oil Embargo News Report (Time: 3:14)
• Wall Street Journal Video: A Look at New OPEC Quotas (Time: 4:10)
• Google Video: Bell Boys - Oil, OPEC, and Russia (Time: 4:49)
• YouTube: OPEC Oil Myth (Time: 1:00)

OPEC Blogs and Message Boards

• Huffington Post: OPEC Posts
• Think Progress: Us Foreign Oil Dependence Has Increased... | Bush Promises to 'Knock our Socks Off'
• Wonkette: Glorious 1980 Returns as Oil Nears $100
• Topix: OPEC Forums

OPEC Timeline

• 1960: OPEC is formed by five founding countries
• 1973: OPEC precipitates the 1973 Oil Crisis by cutting production during the Yom Kippur War
• 1990: Increased oil production to stabilize the market during the price spike from the Gulf War
• 2006: OPEC cuts production to stabilize dropping oil prices

OPEC Criticism

• Energy Information Agency: Non-OPEC Fact Sheet
• Guardian Unlimited: "Why Are Oil Prices So High?" (October 29, 2007)
• The Economist: "Sheikh up" (September 13, 2007)

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