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What is the Organisation of Oil Producing Countries (OPEC)??️ #Shorts
What is the Organisation of Oil Producing Countries (OPEC)??️
?Who are its members?
?What does it do?
The Organisation of Petroleum Exporting Countries is a group of thirteen countries that collectively produce around one-third of the world’s crude oil. ‘OPEC plus’, including aligned countries such as Russia, produces around 40%.
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To some, this may look like the basis of an economic cartel, and OPEC is sometimes used as a textbook example of one: where suppliers of a good get together to maximise and divide up profits among themselves while fending off potential competitors. But there’s reason for doubt: and one recent study has argued that OPEC members regularly cheat on their commitments.
As long as the world continues to consume significant quantities of crude oil, OPEC looks set to continue as a major force in global geopolitics.
...
https://www.youtube.com/watch?v=TG6kcg4qPcw
?Who are its members?
?What does it do?
The Organisation of Petroleum Exporting Countries is a group of thirteen countries that collectively produce around one-third of the world’s crude oil. ‘OPEC plus’, including aligned countries such as Russia, produces around 40%.
---------------------------------------------------------------------------------------------------------------------------
? Support my work here:
https://www.patreon.com/ARGlobalSecurity
☕ Buy me a coffee:
https://www.buymeacoffee.com/ARGlobalSec
? Follow Me On Odysee:
https://odysee.com/$/invite/@arglobalsecurity:1
? Non-Patreon Discord Server:
https://discord.gg/QzPUNpZ2D9
? Reading List:
https://www.amazon.co.uk/shop/arglobalsecurity (affiliate)
? Business email:
arglobalsec@gmail.com
? Twitter: https://twitter.com/ARGlobalSec
? Facebook: https://www.facebook.com/arglobalsec
? LinkedIn: https://www.linkedin.com/company/ar-global-security
? Linktree: https://linktr.ee/ARGlobalSecurity
ℹ️ All sources on Patreon.
☑️ Please like, comment and subscribe!
Thank you for watching!
---------------------------------------------------------------------------------------------------------------------------
To some, this may look like the basis of an economic cartel, and OPEC is sometimes used as a textbook example of one: where suppliers of a good get together to maximise and divide up profits among themselves while fending off potential competitors. But there’s reason for doubt: and one recent study has argued that OPEC members regularly cheat on their commitments.
As long as the world continues to consume significant quantities of crude oil, OPEC looks set to continue as a major force in global geopolitics.
...
https://www.youtube.com/watch?v=TG6kcg4qPcw
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Today we visit a forgotten empire that triggered WW1: the Austro-Hungarian Empire. Assembled in 1867, this diverse empire was a European powerhouse, though rife with internal conflict.
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By GeoVane, formerly AR Global Security and Base Rate (Global Guessing, and Crowd Money).
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In 2019, the world was shocked by the tragic case of Harry Dunn, a British teenager killed in a road accident. The suspect? Anne Sacoolas, wife of a U.S. diplomat, who fled to America claiming diplomatic immunity. But what is diplomatic immunity?
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By GeoVane, formerly AR Global Security and Base Rate (Global Guessing, and Crowd Money).
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Russia Pulls Back Troops from Ukrainian Border, Baltics Expel Russian Diplomats, Biden Recognises Armenian Genocide & New Zealand 5 Eyes | This Week In Geopolitics - 25/4/21
Episode 35 of the ARGS "This Week In Geopolitics" Series - A weekly round-off of geopolitical events.
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Russia Pulls Back Troops, Baltics Expel Russian Diplomats... | This Week In Geopolitics - 25/4/21
1. Russia Pulls Back Troops from Ukrainian Border
Russia’s defence ministry has said that it will begin withdrawing troops from the Crimean Peninsula to their permanent bases this week, easing fears of hostilities between Russia and Ukraine.
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The Baltic States of Latvia, Lithuania and Estonia have expelled 4 Russian diplomats in solidarity with Czechia this week, following accusations made by Prague that Russia was involved in a fatal explosion at an arms depot in eastern Czechia in 2014.
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The United Arab Emirates is on the move. This small yet dynamic Gulf state, fuelled by its financial success of the past 20 years stemming oil drilling and exports, is looking to establish itself in the Red Sea and the Horn of Africa for geostrategic purposes. In a move symbolic of the post-cold war world order, the UAE has begun a programme of a military installation and commercial port building across the region, in an attempt to expand its influence.
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My apologies for the low audio quality - my PC is very basic, however, I am working on it.
If you notice any information that is out of date, or disputable, please leave a comment and source in the comment section, and I will issue bias warnings or corrections in the description section as needed.
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☢️ Currently, China has around 400 warheads, but experts are predicting this could rise to 1,500 by 2035
#News #China #Gepolitics #FYP
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The Pentagon has said China is expanding its nuclear force, has doubled its nuclear warhead stockpile since 2020, and is on course to quadruple its total number of warheads according to a report on military and security developments concerning China.
Currently, China has around 400 warheads, but experts are predicting this could rise to 1,500 by 2035, with no stated plans for its increased stockpile. However, Xi called for building a strong strategic deterrence during October’s party conference.
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China responded to the US report, reiterating its no first use of nuclear weapons stance and calling the US the “biggest troublemaker and destroyer of world peace and stability.”
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