Posted: January 23rd, 2016

Which one of the following is NOT true of oil’s impact on the world’s businesses and governments?

Which one of the following is NOT true of oil’s impact on the world’s businesses and governments?

(a) Some oil-exporting countries have used their wealth to reinforce the power and privilege of the elite classes

(b) The members of the Organization of Petroleum Exporting Countries (OPEC) control oil production and pricing.

(c) The United States control the amount of oil on the international market

(d) Brunei has one of the lowest per capita incomes in Southeast Asia, partly due to oil exports

(e) Several countries in the Middle East grew very wealthy very quickly as they discovered and exploited oil reserves