In your International Economics textbook, Carbaugh (2017, Chaрter 7) provided a historical account of OPEC and its power in controlling the global petroleum supply. In a critical essay, investigate the dynamics OPEC has faced in the global market in the last ten years. You may select a member country and analyze the effects from the perspective of that jurisdiction. Support your findings with additional academic references.

Directions:

•Your essay should be 3-5 pages in length, which does not include the title page, abstract, or required reference page, which are never a part of the content minimum requirements.
•Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles.