What is the role of OPEC in the geopolitics of energy?. Ahnya, Laura and Dan. OPEC's mission.
What is the role of OPEC in the geopolitics of energy?
Ahnya, Laura and Dan
To coordinate and unify the petroleum policies of Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital to those investing in the petroleum industry.
The three non-Middle East OPEC members have the highest corruption rating in the world. In a list of 102 countries Venezuela ranked 81, Indonesia 96 and Nigeria 101.
Most Arab countries were not surveyed, but the report says: "Corruption, sustained by skewed standards of living and a lack of transparent governance across the Middle East and North Africa, is a major hindrance to the region's economic development. From Yemen, with a per capita income of around US $300 a year, to the United Arab Emirates (UAE), with a per capita income of around US $18,000, all countries are confronted by nepotism, favoritism and profiteering."
After analyzing statistics on production, reserves and demand, it is concluded that the Middle East and OPEC will continue to be the key to guaranteeing a sufficient supply of energy at a reasonable price. For this reason, achieving stability in the region (something that could not be achieved in the entire 20th century) is an increasingly important goal for the good health of the world economy and global security.
Oil continues to be the world’s main source of raw energy. In 2001, the oil accounted for 38.5% of the world’s energy sources, far ahead of coal and natural gas (24%). Despite the energy diversification plans established by Western countries, the relative weight of oil today is similar to that its weight in the early 1980s.