Specialized Agency - Organization of Petroleum Exporting Countries
Committee Synopsis: The Organization of Petroleum Exporting Countries (OPEC) looks to unify the petroleum policies of its various member-states, so as to stabilize the worldwide oil industry. However, the worldwide oil industry remains anything but stabilized. With the rise of renewable energy sources, OPEC finds itself at an impasse, with many of its member states' economies unprepared for the upcoming major shifts in the worldwide energy industry. As OPEC member states prepare (or brace) for a green future, the world's divided present also poises major issues for the stability of the world oil industry. Crises, ranging from the Russian invasion of Ukraine, to ongoing events in the Middle East, have sent shock waves into the worldwide energy industry, raising prices and pitting OPEC member states against one another in intricate games of geopolitical intrigue. As the gravity of the situation increases, this committee must find creative and effective resolutions for the issues at hand without upsetting an ever-increasingly belligerent international community.
Background Guide Coming Soon!
Topic A: Green Energy Transitions Impact on Oil
Topic B: Response to Conflict Related Market Disruptions
Chair: Coming soon!
Co-Chair: Also coming soon!
