Quote:
Originally posted by redlemon
The funny thing is... right now, we (the United States) ARE an OPEC nation. And we will be until the end of June.
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Are you sure? On OPEC's web page it says the following:
http://www.opec.org (on the About OPEC button)
Quote:
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OPEC is an international Organization of eleven developing countries which are heavily reliant on oil revenues as their main source of income. Membership is open to any country which is a substantial net exporter of oil and which shares the ideals of the Organization. The current Members are Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.
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I guess OPEC countries account for less than half of our imports in 2002 (
http://www.eia.doe.gov/neic/rankings/crudebycountry.htm) so levying large tarrifs probably wouldn't do so much. We've pretty much maxed out what we can get from Mexico and Canada (our #1 and 4 sources). Russia is the second largest exporter in the world, but they were only 15th on our list. All three of them are non-OPEC.