Impact of OPEC policies over the global economy: Case of USA

This research-based study identified how OPEC policies have historically shaped global economic outlook; with a case example of United States. The main aim of this study was to reflect upon US's role in strengthening of global economy using OPEC's policies as the frontline mechanism and demonstrate an understanding of the key challenges confronted by world economies (especially emerging countries) by OPEC policies influenced by the super-power US. This also mentions how US has made efforts in reducing its overdependence on OPEC for oil, and how it aims to preserve and enhance national resources so as to gain oil independence. The study was directed using mixed methodologies to examine how the consequences of OPEC policies are helping shape world economies, especially of the US since it does not have very good relations with the OPEC member states in particular.