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Economics: OPEC

These websites are about the economics behind OPEC. Learn about the impact OPEC has on the world economy and specifically the cost of gasoline. Explore the concepts of supply and demand and how it impacts the price of oil. Included are statistics, audio components, and (an interactive) lesson plans. Also included are eTheme Resources on Renewable and Non-Renewable Energy and Economics.


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Read about the history of OPEC and it's member nations. Learn what nations founded OPEC and what their role is in the global oil economy.
This online article features an overview of the history of OPEC. NOTE: This site includes ads.
This online article for teens examines the impact creating OPEC has had on the world.
This site includes a lesson plan designed to teach students about supply and demand in the context of rising gas prices.
This site features a lesson plan to help students better understand the global oil economy and it's impact on gas prices. Students will take on the roll of a detective with the US Department of Energy working on behalf of the President to investigate who is to blame for rising gas prices.
This site has a lesson plan which takes a closer look at OPEC and what impact it has on world oil prices. Learn the economic relationships amongst related industries and the role, functions and relative successes of OPEC in achieving it's stated goals.
This site has a lesson plan focused on oil prices and it's impact on different communities. Learn how the rising cost of gas impacts communities around the world in different ways. The lesson plan includes discussion questions, activities and interdisciplinary connections for this topic.
This lesson examines the use of primary and secondary sources in the context of the OPEC oil embargo.
This lesson teaches students about interpreting pie charts while discussing rising gas prices. NOTE: This site includes ads.
This website explains in kid-friendly terms what OPEC is and who its participating members are. NOTE: This site includes ads.
This site has a detailed explanation of crude oil prices throughout modern history. Learn how this commodity has fluctuated prices based on the world's demand for a limited supply. Includes graphical representations of crude oil prices and crude oil prices in relation to world events.
View a listing of oil consumption statistics from countries around the world in 2006 and 2007. NOTE: This site includes ads and unmoderated user comments.
Learn about the journey oil takes as it is used around the world. This website also provides a history of oil and the science behind how oil is currently used. NOTE: This site includes ads.
This video explores the impact of the Oil Embargo of the 1970s. (Total running time: 7:50). Includes a video, quiz, timeline and transcript. NOTE: This site includes ads. NOTE: This site includes a discussion board (message board, forum, etc.).
This video shows NBC Nightly News coverage of the 1973 OPEC Oil Embargo. (Total running time: 5:56) NOTE: This site includes a discussion board (message board, forum, etc.).
This video explores the impact of the 2012 Iranian oil embargo on oil prices worldwide. (Total running time 2:05) NOTE: This site includes ads.
This Epilogue episode reviews the book Oil Policies, Oil Myths: Observations of an OPEC Insider.
These websites are about energy resources, but renewable and non-renewable. You can find information on fossil fuels, solar power, wind power, geothermal energy, hydroelectricity, biomass energy, fuel cells, and nuclear power. There are statistics, experiments, videos, interviews with scientists, and lesson plans.
Learn about various economic concepts, including supply and demand, opportunity costs, natural, human, and capital resources. Includes many class activities, several online quizzes, and interactive games. There is a link to an eThemes Resource on taxes and economics terms.

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