OPEC (Organization of Petroleum Exporting Countries): A group of countries that collaborate to regulate oil production and stabilize prices in the global market.
Petrodollar: Refers to the revenue generated from the sale of oil, often used by oil-exporting countries for economic development or international investments.
Renewable energy: Energy sources such as wind, solar, or hydroelectric power that do not deplete natural resources and have less impact on the environment compared to fossil fuels.