Why did Venezuela help form OPEC, the Organization of Petroleum Exporting Countries?(1 point) Responses This was part of Venezuela’s import substitution industrialization policy. This was part of Venezuela’s import substitution industrialization policy. Other oil-producing countries forced it to join or lose money. Other oil-producing countries forced it to join or lose money. Venezuela wanted to make sure other countries did not produce oil. Venezuela wanted to make sure other countries did not produce oil. Venezuela wanted to protect its role in the oil industry.
