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On 14 November, Israel opened large-scale military operations against militants in the Gaza Strip. The subsequent worsening of the situation led to a rise in world oil prices. Which countries in the Middle East are the largest players in the market for “black gold?” In order to stabilise the price of oil, in 1960, major oil-exporting countries established an international intergovernmental organisation, OPEC (Organisation of Petroleum Exporting Countries). It has 12 members:
- Iran
- Iraq
- Kuwait
- Saudi Arabia
- Venezuela
- Qatar
- Libya
- United Arab Emirates
- Algeria
- Nigeria
- Ecuador
- Angola
The purpose of OPEC is to coordinate and develop a common policy on oil production among its member-countries, maintaining stable oil prices, to ensure a stable supply of oil to consumers, and to control investment in the oil sector. The member-countries control about two-thirds of the world’s oil reserves. They control 40 percent of global oil production, which accounts for half of the world’s exports of the product.
20 November 2012
RIA-Novosti
Voices from Russia 
13 April 2015. Don’t Forget the Suffering People of Gaza!
Tags: American aggression, Arab people, bombing, Gaza, Gaza Strip, imperialism, Israel, Israel Lobby, political commentary, politics, Ted Cruz, war and conflict, war crimes, warfare state
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Don’t forget the suffering people of Gaza. You can help by not voting for the bastards who support the crusaders and aggressors who continually bomb and blockade them. Remember Ted Cruz and how he spat on Arab religious leaders! That’s a hint about what political bloc you shouldn’t support…
If you ever hear someone bloviating about “Muslim suicide bombers”… remember this image and this poem… they’re simply patriotic partisans fighting the occupying power… and the USA supports that oppressive occupier. Puts a new light on things, no?
BMD