The Organization of the Petroleum Exporting Countries is an intergovernmental association of some of the world’s largest producers of oil. It was founded in 1960 by five original members in order to allow for producers to gain power in the international oil market by working together to coordinate supply and prices. Prior to the founding of OPEC, the world oil market was dominated by the so-called “Seven Sisters” (seven major oil corporations that dominated the market); the founding of OPEC led to individual countries gaining greater control over their natural resources.
Today, OPEC consists of 14 members, representing approximately 43 percent of the world’s oil production and 73% percent of its reserves (see Countries of OPEC+ with Oil Production). Henceforth, they are a significant player on the world’s energy market, as demonstrated by the OPEC oil embargo of 1973, in which OPEC launched an embargo against Israel’s allies in response to the Yom Kippur War, leading to a 600% increase in prices. OPEC has the ability to set prices and production quotas for its member states, allowing it to exert great economic power.
OPEC is a committee suited for experienced delegates, but is open to delegates of all experience levels wishing to challenge their capacity as delegates. Position papers are recommended for this committee, but are mandatory for delegates to be considered for awards. Please read about CAHSMUN’s Position Paper policy, which can be found under the list of committees on the “Committees” page.
Questions, inquiries and position papers for this committee can be emailed to email@example.com.
BACKGROUNDERS now available!
Andrew Wei | Director
Andrew Wei is a Grade 11 student at St George's School, and this will be his fourth CAHSMUN ever. Andrew participated in his first MUN in grade eight, and fell instantly in love with the experiences of every single conference, starting from the heated debate that occurs in a moderated caucus or the last-minute lobbying before a vote is called. Apart from MUN, Andrew enjoys rowing, running, biking, hiking, sleeping and procrastination (mostly the last one). Andrew is greatly looking forward to an intense weekend of debating, negotiating, compromise and MUN-related activity, and hopes delegates will find CAHSMUN 2017 as their most memorable MUN yet.