Why might countries with large oil reserves be interested in controlling the price and supply of oil?

Answers

Answer 1

Answer:

Explanation:

To make more money and to have a better economy as a country together

Answer 2

Answer: They want to make sure that there is a steady supply at a reasonable price so they can use the oil that they need.

Explanation:  

As a cartel, the OPEC+ member countries collectively agree on how much oil to produce, which directly impacts the ready supply of crude oil in the global market at any given time. OPEC+ subsequently exerts considerable influence over the global market price of oil and, understandably, tends to keep it relatively high in order to maximize profitability.

If OPEC+ countries are unsatisfied with the price of oil, it is in their interests to cut the supply of oil so prices rise. However, no individual country actually wants to reduce supply, as this would mean reduced revenues. Ideally, they want the price of oil to rise while they increase supply so that revenues also rise. But that is not market dynamics. A pledge by OPEC+ to cut supply causes an immediate spike in the price of oil. Over time, the price reverts back to a level, usually lower, when supply is not meaningfully cut or demand adjusts.

Conversely, OPEC+ can decide to boost supply. For instance, on June 22, 2018, the cartel met in Vienna and announced that they would be increasing supply.3  A big reason for this was to offset the extremely low output by fellow OPEC+ member Venezuela.

Saudi Arabia and Russia, two of the largest oil exporters in the world who both have the ability to increase production, are big proponents of increasing supply as that would increase their revenues. However, other nations, who cannot ramp up production, either because they are operating at full capacity or are otherwise not allowed to, would be opposed to this.


Related Questions

Explain the effect of the different SA:Vol ratios on the rate of osmosis into the potato.
WILL MARK BRAINLIEST ANSWER

Answers

Answer:

a larger surface area will mean quicker osmosis

Answer:

a larger surface area will mean quicker osmosis

Explanation:

here is a larger area meaning a larger difference in concentration

hope this helped

Identify the factors that made early Earth a hot planet.

Answers

Answer:

meteorite striking the dinosaures

are building blocks and molecules the same
and are there building blocks to fiber if so what is it

Answers

Answer:

pay attention in class

Explanation:

Yes their the same.

¿Cuál de los siguientes organismos transforman el nitrógeno gaseoso en nitratos? Plantas Herbívoros Bacterias nitrificantes

Answers

Answer:

la respuesta es bacterias nitrificantes

Explanation:

Air quality is important to maintain for the health of all animals and plants. True or false

Answers

Answer:

true

Explanation:

seems self explanatory

true, any type of life need air

If you could help me it would make my day a 100x better.

Answers

Answer:

The way it's worded makes no sense, and I can't send actual links but hope this can help so you can look it up your self.(Link is on top left):

Explanation:

Answer:

12 19 15 17 14 18 16 13

Explanation:

A model answer for translation is always this:

mRNA leaves the nucleus via the nuclear pores and travels to a ribosome (in the cytoplasm or on the rough endoplasmic reticulum)

The ribosome attaches to the start codon on the mRNA.

A tRNA molecule with an anticodon complementary to the start codon on the mRNA carries a specific amino acid to the ribosome and lines up against the mRNA codon.

This is repeated, and each tRNA molecule transports a unique amino acid to the ribosome until the stop codon on the mRNA strand is reached.

As the ribosome moves along the mRNA strand, peptide bonds form between the adjacent amino acids, forming a polypeptide chain.

This chain detaches from the ribosome and will undergo folding to become a specific type of protein.

Hope this helps you to understand the process a little better! :)

how do cells compare in size to things like rice and salt ?

Answers

Cells are the building blocks for all living things meaning they are really tiny .

State the general relationship between the galaxies distances from earth and their recession

Answers

Answer:

well, as we know from the formula,

Distance = speed of recession/Hubble constant

so we can infer that as distance become larger, the recession velocities will also become larger

Explanation:

I hope this helps!

Confers with needles growing in clusters generally have how many needles per cluster?

Two to three

Three to five

Four to six

Five to nine

Answers

Answer:

d

Explanation:

Answer:

b. three to five

Explanation:

To cause cancer, tumor suppressor genes require __________ allele(s) to be mutated and therefore are considered ______________________ . The mutation results in a ________ of function.

Answers

Answer:

Two

Recessive

Loss

Explanation:

To cause cancer, tumor suppressor genes require two alleles to be mutated and therefore are considered recessive. The mutation results in a loss of function.

What happens to DNA once transcription is done?
O It is destroyed.
O It makes more copies of itself right away.
O It zips back up until it is necessary to transcribe the gene again.
O It mutates.

Answers

Answer:

it makes more copies of itself right away

Explanation:

transcription is the process by which the information in a strand of DNA is COPIED into a new molecule of the messager RNA

When DNA transcription is done, it zips back up until it is necessary to transcribe the gene again (option C)

What is DNA transcription?

The process of DNA transcription involves copying the information, from DNA into RNA.

Once transcription is complete the DNA molecule returns, to its double helix structure. This occurs because DNA is highly stable and doesn't require transcription. The DNA molecule is transcribed again solely when the cell requires production of a protein.

With the above information, we can conclude that when DNA transcription is done, it zips back up until it is necessary to transcribe the gene again (option C)

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Which of the foldwing is the most important in determining how quickly materials can move into and out of
a cell? (A) the volume of the cell (B) the mass of the cell (C) the surface area of the cell (D) the location
of the cell in relation to its environment.

Answers

Answer:

b the mass of the cell

Explanation:

What does tainted mean?
A. colorful
B. contaminated
C. extinct

Answers

Answer:

Its B-Contaminated hope this helped in any way!!! have a nice day!!

Explanation:

What best describes the role of photosynthesis and respiration in the carbon cycle?

Answers

Answer:

Cellular respiration and photosynthesis are important parts of the carbon cycle. The carbon cycle is the pathways through which carbon is recycled in the biosphere. While cellular respiration releases carbon dioxide into the environment, photosynthesis pulls carbon dioxide out of the atmosphere.

Explanation:

Please mark me as brainlist

Photosynthesis removes carbon from the atmosphere, respiration adds carbon to the atmosphere.

What is photosynthesis?

Photosynthesis is defined as the process through which plants convert carbon dioxide, water, and sunshine into oxygen and sugar for energy.

It can also be defined as a method used by plants and other living things to change light energy into chemical energy that can then be released through cellular respiration to power the organism's activities.

Through photosynthesis, plants transport carbon from the atmosphere into the biosphere and up the food chain. They use solar energy to chemically combine carbon dioxide, oxygen, and hydrogen from water to create sugar molecules.

Photosynthesis is primarily used to convert solar energy into chemical energy, which is then stored for use at a later time.

Thus, photosynthesis removes carbon from the atmosphere, respiration adds carbon to the atmosphere.

To learn more about photosynthesis, refer to the link below:

https://brainly.com/question/1388366

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What do we call the trait
expressed in a heterozygous
individual?
A. dominant
B. recessive
C. neither dominant or recessive

Answers

The answer is B recessive
The answer for this question is c

Paleontologists construct a model of a dinosaur from its fossil bones and teeth. The fossil bones and teeth can help the paleontologists to infer all of the following about the dinosaur except the?
height of the dinosaur,
type of food the dinosaur ate
length of the dinosaur,
skin color of the dinosaur

Answers

Answer:

B - Dinosaur Skin

Explanation:

Unless the skin is mummified, like that of a Pinacosaurus, the chromatin in the bones will be completely deteriorated.

From fossils, scientists can learn more about dinosaurs. Scientists can learn about dinosaur lengths and tooth shapes from fossils. Scientists speculate on the weights, movements, and diet of the dinosaurs.

What are fossils?

Fossils are defined as the well-preserved remnants of plants and animals whose carcasses were buried beneath ancient seas, lakes, and rivers in sediments like sand and muck. Usually, sedimentary rocks include fossils, though rarely, low-grade, fine-grained metamorphic rocks will as well. It's possible that the fossils have been removed, leaving molds in the surrounding rock.

Take note of pattern, color, and shape. Matthew continues, "Seek for something distinctive on the ground, and as you examine it, look for patterns." Dinosaur bones typically have a lined organic pattern, which are the original bone tissue's preserved Haversian canals.

Thus, from fossils, scientists can learn more about dinosaurs. Scientists can learn about dinosaur lengths and tooth shapes from fossils. Scientists speculate on the weights, movements, and diet of the dinosaurs.

To learn more about fossils, refer to the link below:

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Which of the following is not considered an environmental impact of geothermal energy? A) gas emissions B) disturbance of the land at drilling sites C) requires large-scale transportation of raw materials to refining sites D) hot waters are corrosive​

Answers

Answer:

b

hope this helps

Explanation:

Answer:

the answer is C. disturbance of the land at drilling sites

Explanation:

All living needs energy it is requirement for life. In a typical cell atp the high energy molecules is produced in the ___ in the presence of sugar

Answers

The answer is: mitochondria

Which activity contributes to an increase in the concentration of greenhouse
gases in the atmosphere?

Answers

Answer:

D. Deforestation

Explanation:

Loss of forests contributes as much as 30 percent of global greenhouse-gas emissions each year--rivaling emissions from the global transportation sector.Hopes this helps. :)

Answer:

D

Explanation:

Just took the quiz

PLS HELP QUICK
why is endosymbiotic theory not a law in science?

Answers


The endosymbiotic theory states that some of the organelles in today's eukaryotic cells were once prokaryotic microbes.

What are the three metabolic processes that make up cellular respiration?

Answers

Answer: It is glycolysis, the tricarboxylic acid cycle, and oxidative phosphorylation

Explanation:

What is a homologous chromosome multiple choice

Answers

It’s the second choice

what correctly describes the relationship of genes , dna , proteins and traits

Answers

A life cycle were they totalitarian I think that what it’s called

What is meant by "concentration"? How can you increase the concentration of salt (electrolytes) in a solution of water? How can you decrease the concentration of electrolytes in a solution?

Answers

Answer:

See the answer below

Explanation:

The concentration of a solution refers to the amount of solute that is dissolved in a particular amount of solvent.

In order to increase the concentration of salt in a solution of water, more solute (that is, the salt) would be required to be added to a fixed volume of the solution. The more the amount of the salt added, the more the concentration of the solution provided the volume remains constant.

In order to decrease the concentration of electrolytes in a solution, more solvent would be required to be added to the electrolyte while keeping the dissolved solute constant. The more the added solvent, the lower the concentration as long as the amount of solute dissolved remains constant.

multiple choice - biology

Answers

Answer:

dna replication

Explanation:

Answer:

D. DNA replication

Explanation:

As you can see the Helicase is splitting the DNA into two parts with the DNA polymerase duplicating the missing half or replicating the DNA. Which is why D is the answer.

Hope this helps!

Duplicated chromosomes are attached to each other by
Select one:
a. tetrads
O b. clones
c. centromeres
d. chromatids

Answers

Your answer is D. Chromatids

Which diagram best illustrates the flow of energy in an ecosystem?

Answers

Answer:

Food chain

Explanation:

food chain

A food chain is a simple diagram that shows one way energy flows through an ecosystem

What advantage does nuclear power have over power produced through the combustion
of fossil fuels?
A. Nuclear power produces only greenhouse gases, while combustion of fossil
fuels produces pollutants.
B. Nuclear power does not directly produce greenhouse gases or air pollutants,
while combustion produces both.
O c. Nuclear power produces only air pollutants, while combustion of fossil fuels
produces greenhouse gases.
XO D. Nuclear power uses a renewable fuel resource, while fossil fuels are
nonrenewable resources.

Answers

Answer:

B. Nuclear power does not directly produce greenhouse gases or air pollutants,

while combustion produces both.

Explanation:

Ap€x

What biotic and abiotic factors influence the flow of matter and energy in different biomes

Answers

Temperature, water, nutrients

Answer:

Temperature, water and nutrients.

Explanation:

Biotic factor refer to the living component of the ecosystem. Plants and animals.

Abiotic factor refer to the nonliving component of the ecosystem such as light, temperature e.t.c.

Biomes refers to group of terrestrial ecosystems on the earth.

Therefore, the following factors affect biomes

Water: water can affect biomes in the sense that too much of it can lead to flood, thereby leading to loss of plants and animals. Decrease of it can lead to famine which also can lead to loss of biomes.

Temperature: The best temperature should be optimum temperature. An increase or decrease in temperature have negative effect on biomes which can lead to low vegetation, dehydration, inactiveness of animals.

Nutrients: nutrients availability can lead to increase in plants growth. Vegetation will increase if there is adequate nutrients supply but if there is low nutrients there will be reduced growth.

Therefore, temperature, nutrients and water is important for biomes.

You can check this link for further details.

https://brainly.in/question/6628094.

Which of the following is the most efficient way nitrogen is transferred out the bodies of living human beings back into the environment?
O A. decomposition
O B. photosynthesis
C. respiration
D. excretion

Answers

It must be A. I’m so sorry if you get wrong.

The process by which nitrogen is transferred out of the bodies of living human beings back into the environment is excretion.

What is excretion?

It is the process by which metabolic wastes are excreted from the body of humans.

What is metabolic waste?

The components that are left over from metabolic activities must be expelled because they are either in excess or poisonous to the organism.

What is decomposition?

It is the process by which complex organic matter is broken down into simpler components by microorganisms.

To learn more about decomposition, metabolic waste, and metabolic activities here,

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