How do oil companies shape international government?



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    Oil companies are extremely powerful and can shape international government and policies far more than the countries should allow. The Organization of the Petroleum Exporting Countries is a cartel of twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Their decisions have a serious impact on international oil prices. Since many countries are still very reliant on oil, they are very reliant on dealing with these entities from a weak negotiating point, because there is a necessity that they attain oil.

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