12/2/2014 Warm Up: Watch the short film. In a paragraph of at least five lines, tell what you learned.

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12/2/2014 Warm Up: Watch the short film. In a paragraph of at least five lines, tell what you learned.

OPEC – Organization of Petroleum Exporting Countries pp. 612-615

Study the map on pg. 612 1. What countries, in the Middle East, are major producers of oil?

Read the first paragraph under The Power of OPEC What was the main reason for the formation of OPEC? What decisions did/does OPEC make about oil?

Read paragraph one under OPEC Actions Tell how OPEC “used oil as a weapon.”

Read Paragraph two under OPEC Actions 5. Tell how OPEC affected price and profits

Read Paragraph one and two under Global Effects 6. Tell how increased oil prices affected the rest of the world

This assignment is worth 10 or 0 pts. EXIT SLIP 10 pts. On your exit slip, in a paragraph of at least five lines, summarize what you have learned about OPEC. This assignment is worth 10 or 0 pts.