Trivia Question: What does the acronym OPEC stand for?
Answer: Organization of Petroleum Exporting Countries
In practice, O.P.E.C. is like a guild for governments who heavily export oil. Many people have levied a diverse array of criticisms against this body throughout the years. One of the most common accusations thrown O.P.E.C.’s way is that they use oil prices as a way of bribing global policymakers to pass legislation they like.
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