Survival of OPEC, as viewed by a selected sample of OPEC's leaders
A questionnaire was designed and mailed to OPEC members, 60% of whom responded. Their answers, combined with the formation history of the Organization and its eventful life in the past decades were studied and treated in the descriptive historical format. In the first chapter the problem was defined and its background was described. This chapter formulated the research question as: Will OPEC in the opinion of OPEC ministers and directors continue to be an effective organization in the future as it has been in the past. What is the future of OPEC. The second chapter reviewed the literature. Two hypotheses were considered in this study: (1) Hypothesis 1 stated, OPEC members will continue to market their oil, determine proper price for it, and set fair quotas for each member as effectively in the future as in the past. (2) Hypothesis 2 stated, OPEC members will face difficulties in marketing their oil, determining proper oil prices, and setting fair quotas for each member; and the Organization will be weakened or totally destroyed in the future due to the conflicts among members and international pressure. Responding OPEC officials believed that OPEC is an effective organization and will remain so in the future. Their views were in support of hypothesis one. However, based on consideration of other factors, the research concluded that in the long run OPEC will most likely face difficulties in maintaining its solid and powerful operation and marketing strategies.
- Research Organization:
- United States International Univ., San Diego, CA
- OSTI ID:
- 5560720
- Country of Publication:
- United States
- Language:
- English
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