All you need to know about OPEC
mint.com PEC by the numbers Country World, Net Oil Exports 2009 Exported | Instability* BASED UPON DATA FROM EIA INTERNATIONAL ENERGY STATISTICS Barrels Risk Index per Day Saudi Arabia United Arab Emirates Iran Kuwait OPEC 8,728,000 / 65.12 2,700,000 / 69.70 2,400,000 / 32 2,349,000 / 70.47 Nigeria 2,327,000 / 45.56 Venezuela Algeria Iraq 1,910.000 / 30.95 2,182,000 / 42.47 1,891,000 / 39.5 Former Soviet Union Libya Angola Ecuador Qatar 753,000 / 75.3 1,542,000 /46.85 1,407,000 / 34.53 Rest of World 338,000 / 31.4 * Instability Risk Index taken from Euromoney's analysis. 1=very instable 100=very stable The US imports 11.8 million barrels of crude oil per day OPEC DECISIONS vs. WORLD EVENTS WHICH IMPACT OIL PRICES MORE? Recession - $140 Venezuela Oil Strike Iraq War Asian Growth Weaker $ - $120 Asian Financial Crisis Libyan War OPEC 10% Quota Increase Iranian Revolution - $100 Gulf War OPEC Deeply Cuts Production 4.9 million of those come from OPEC $80 Goals $60 At $71.21* per barrel, America imports OPEC Cuts Production $347.9 4.2 Million Barrels per Million - $40 day Oil U.S. Price Controls 9/11 Embargo from OPEC alone Ends - $20 "average price ot crude in 2010 83 87 99 Sources: The US Energy Information Administration, CIA, WTRG, Euromoney mint.com Who Is OPEC AVERAGE PRICE PER BARREL
All you need to know about OPEC
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