The 'Pool Association' was drafted by executives from how many oil companies?

The 'Pool Association' was drafted by executives from how many oil companies?

• A. Three
• B. Four
• C. Five
• D. Seven

Answer: (C)

Pooling arrangements in the oil industry work when a small group of major producers coordinates production and pricing to stabilize the market. The Pool Association being drafted by executives from five oil companies shows that a compact, powerful coalition was enough to establish binding terms and give the agreement real influence. With five participants, the group had enough clout to set expectations and enforce the rules, while still being small enough to negotiate efficiently. That level of representation aligns with the historical record, making this the best answer.

Pooling arrangements in the oil industry work when a small group of major producers coordinates production and pricing to stabilize the market. The Pool Association being drafted by executives from five oil companies shows that a compact, powerful coalition was enough to establish binding terms and give the agreement real influence. With five participants, the group had enough clout to set expectations and enforce the rules, while still being small enough to negotiate efficiently. That level of representation aligns with the historical record, making this the best answer.