Land, labor, and capital collectively produce wealth and power among nations around the world, establishing a hierarchy of resource-rich nations that instigate trade to make them more superior than ever. For a nation and its people to thrive within the hierarchy, entrepreneurs and willing workers must collectively set a goal and achieve it to their highest potential and quality, whatever that may be. A nation's common resources often reflect its wealth and economic status. Among the common resources imported by the United States, oil is the most priority commodity and import in the market due to the amount required by businesses, government and residents with a view to promoting economic growth and well-being. These common resources are excludable to some extent and rival in consumption among all. Common resources are generally described as excludable because most resources are found in the atmosphere or embedded in Pangea thousands of years ago and reasonably distributed across the continents today. The history of one country with another, or in some cases with several countries of this era, determines the distribution of resources among us based on our demand and their price per barrel based on the economy. Setting aside oxygen and water, oil is now the common resource that is given the highest priority, emptying the pockets of countries that do not have oil resources around the world. In September 1960, Iran, Iraq, Kuwait, Saudi Arabia and Venezuela met in Baghdad and established the Organization of the Petroleum Exporting Countries (OPEC) in response to the Mandatory Oil Import Quota Program (MOIP), established by the United States government in 1959. , limiting the amount of oil imported into America by any one importer. OPEC is a global organization open to countries with a significant amount of oil exports that share the same interests as existing members. The organization is made up of thirteen members: Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, SP Libyan AJ, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela.* “OPEC's goal is to coordinate and unify oil policies among member countries, in order to guarantee fair and stable prices for oil producers; an efficient, economical and regular supply of oil to consuming nations; and a fair return on capital for those who invest in the sector." 1 Petroleum is a rock oil composed of hydrocarbon chains that can be extracted by distillation and taken to petroleum refineries to be treated by various chemical processes for consumption for various purposes..