In addition, the IACUC requires certain monitoring and record-keeping for animals that experience. severe or prolonged pain or impairment as a result of a study procedure which is not specifically covered. by an established policy.
In November 2014, the International Energy Agency (IEA) estimated that OPEC's effective spare capacity, adjusted for ongoing disruptions in countries like Libya and Nigeria, was 3.5 million barrels per day (560,000 m 3 /d) and that this number would increase to a peak in 2017 of 4.6 million barrels per day (730,000 m 3 /d).
Oil is a commodity, and as such, it tends to see larger fluctuations in price than more stable investments such as stocks and bonds. OPEC, or the Organization of Petroleum Exporting Countries, is the main influencer of fluctuations in oil prices.OPEC is a consortium made up of 13 countries: Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.PEC vowed to keep the price of oil above $100 a barrel for the foreseeable future, but in mid-2014, the price of oil began to tumble. It fell from a peak of above $100 a barrel to below $50 a barrel. OPEC was the major cause of cheap oil. It refused to cut oil production, leading to the tumble in oil prices.