Why did Venezuela help form OPEC, the Organization of Petroleum Exporting Countries?(1 point)

Responses

Venezuela wanted to make sure other countries did not produce oil.

Other oil-producing countries forced it to join or lose money.

Venezuela wanted to protect its role in the oil industry.

This was part of Venezuela’s import substitution industrialization policy.

what is the correct answer

Venezuela wanted to protect its role in the oil industry.

the correct answer

Venezuela wanted to protect its role in the oil industry.