A look at the effects of OPEC crude oil production on the price and consumption of crude oil in Canada.
Written in 2004; 1,350 words; 5 sources; MLA; $ 47.95
Paper Summary:
This paper reviews the relationships between OPEC crude oil production levels, Canadian crude oil prices, and Canadian crude oil consumption. The paper includes a regression analyses applied to relevant data to assess the effects of OPEC production.
From the Paper:
"Poor discipline among the member states of OPEC together with increased production in non-OPEC oil exporting states compromised OPEC's ability to dictate world crude oil prices. The organization, however, continues to play a highly important role in the world crude oil market..."
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