The Organization of the Petroleum Exporting Countries

Chair: Tyrus Van Dyke

AD: Areeba Khan

 

Committee Topics:

Topic A: Production Setting

From the continual rise of "Energy Independence" in the United States, both as a political topic and as an economic reality, to the changing energy sources for the global community, the status quo in oil is predicted to change over the next few decades. Officially, many OPEC members have stated that the energy markets of so called "emerging" or "developing" nations will require petroleum, thus deferring the problem for some time. However, some experts disagree. How should OPEC respond? Delegates must decide whether or not they wish to change the course of OPEC, using current profits to diversify domestic energy sectors of member nations, or continue on in petroleum production, and work to expand markets in expanding energy markets across the world?

 

Topic B: Venezuela

Venezuela is an OPEC member state and a massive oil producer. However, events over the past few years have fundamentally undermined both domestic and global confidence in the Venezuelan government, leading to widespread unrest. As a result, Venezuelan energy production has slumped, and Venezuela has started to liberalize its formerly nationalized energy sector, in the hopes that foreign investment will alleviate domestic woes for a nation with an economy entirely reliant on oil. OPEC ostensibly pledges not to intervene in the economies or affairs of member states. However, should OPEC take action now? Whether it be through reducing or cutting global oil production, or by directly working with the Venezuelan government to restore production levels, delegates must choose a course of action to be taken, both for the integrity of Venezuela, and for the integrity of the world economy

 

 

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Email: tvandyke@udel.edu