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OPEC Membership

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Why are the US and Canada not mebers of OPEC?

Oil
Membership
Canada
unites states
Ali Qudrat
2 months ago

3 answers

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The other members prefer to not invite them? The USA and Canada would rock the boat too much and potentially destabilise a powerful money-making machine.

David Cottrell
2 months ago
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This appears as a odd things as many others are. They are big producers of oil but perhapes those in OPEC don't want their influence.

Bo Chen
2 months ago
Bo Chen, regardless of theri membership, the US has all the influence in OPEC's major decisions, not? - Hassan 1 month ago
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Maybe soon they will the members too., just a thought. On the other hand, the geopolitical influence that the US already have is enough. I am not sure if the US really wanted to join OPEC, there would be any significant resistance from existing members.

Hassan Qudrat-Ullah
1 month ago
Hassan Qudrat-Ullah, I still believe that formal membership in the club will make a differenc. Perhapes we will see less volatility in oil prices. - Ali 29 days ago

Have some input?