Is this essay good? "The Organization of the Petroleum Exporting Countries, or OPEC, has historically had a big impact on the oil sector. OPEC was established in 1960 and comprises 13 member nations, most of which are in the Middle East. Together, these nations control a significant amount of the world's oil reserves.
OPEC's ability to coordinate production levels among its member countries is indicative of its influence in the oil industry. By controlling prices through its dominance in the oil market, OPEC gained a great deal of power in the 1970s. A global oil crisis resulted from OPEC's ability to drive oil prices to all-time highs through a series of embargoes and supply disruptions. These moves illustrated OPEC's capacity to control the oil price and have an impact on the world economy. Being a significant oil-producing region, the Middle East has been heavily impacted by the oil business. These economies now rely heavily on oil, which contributes significantly to their GDP and government income. Many Middle Eastern nations have experienced rapid development and expansion due to the wealth created by oil, but this has also resulted in political and economic reliance on the resource. Furthermore, the Middle East's enormous oil reserves have drawn interest and participation from all around the world. Power struggles within the region as well as external interventions and geopolitical conflicts have resulted from this. Conflicts and tensions within the region over the distribution and control of oil resources have been exacerbated by the Middle East's strategic significance in the oil industry. Production quotas are one of OPEC's tools for managing oil prices among its members. OPEC seeks to balance supply and demand to maintain target price levels by collectively raising or lowering production levels. With this strategy, OPEC can significantly impact the price of oil around the world. However, because of things like non-OPEC production, changes in global energy sources, and technological advancements, the effectiveness of OPEC's control has fluctuated over time.
Numerous factors have caused notable fluctuations in oil prices and production in recent years. The rise in shale oil production in the United States has significantly increased oil production. As a result of its rise to prominence as a global oil producer, the US is less dependent on imports from the Middle East and other areas. As a result, there is now too much oil on the world market, which is driving down prices. The Organization of the Petroleum Exporting Countries (OPEC) and other significant oil-producing nations, such as Russia, reduced production in an attempt to stabilize prices in reaction to the price decline. These reductions have somewhat assisted in driving up prices and lowering the excess oil supply on the market. The Middle East and the USA have both experienced different consequences from the volatility of oil prices. The Middle Eastern countries that heavily depend on oil revenue, such as Saudi Arabia, have experienced economic setbacks due to the decline in oil prices. To lessen their reliance on oil, the governments in the area have been forced to enact austerity measures and diversify their economies. Conversely, the US has profited from lower oil prices, which have aided in accelerating economic expansion and lowering consumer energy expenses. However, the US oil industry has also been impacted by the drop in oil prices, which has resulted in job losses and a slowdown in production growth. Overall, the Middle East and the USA have been significantly impacted by the recent changes in oil production and prices, underscoring the interdependence of the world oil market and the significance of stable oil prices for the world economy.
To conclude, I wouldn't encourage the USA to start fracking more to defeat OPEC in the "Gas Nations War." This choice is justified for several reasons. First off, there are countless environmental risks and concerns associated with increased fracking. According to Evidence H, fracking has been linked to air pollution, water contamination, and an increased risk of earthquakes. If you push towards increased fracking to compete with OPEC, detrimental effects on the environment and public health would occur, which would make the public even more upset than they are right now. Secondly, there are doubts about fracking's sustainability over time. The United States has produced a lot more oil and gas recently thanks to fracking, but there are questions regarding whether or not taking the risks is worth it. According to Evidence E, the amount of oil imported to the US has been going down over time while the amount of oil produced in the US has been going up over time. If we increase fracking in other countries, the amount of oil that is imported to us would increase a great amount and could potentially leave the United States vulnerable. Being reliant on imported oil negates any short-term gains that increased fracking provides and also puts the US at risk of having its oil supply cut off during conflicts, which brings me to my next point. Lastly, boosting fracking as a means of competing with OPEC might make geopolitical tensions in the Middle East and other oil-producing countries much worse. Historically, OPEC has controlled prices and preserved market stability by exercising its influence over the oil market. According to Evidence F, there are already high tensions regarding oil in the Middle East and the US also has troops stationed there as well. In an attempt to challenge the organization, the United States may incite OPEC member nations to adopt acts that could deepen geopolitical disputes and instability in the region by aggressively increasing fracking production. This would cause more global conflicts and cause more problems than benefits. Overall, it is not an effective strategy to use more fracking as a means of winning the "Gas Nations War" against OPEC because of the hazards to the environment, issues with long-term sustainability, and possible geopolitical repercussions that it would cause."