Chapter 1: Financial Crisis. Industry Insiders Collaboration Collusion Collaboration Collusion.
Oil Case Study. Watch and Read the case study material History of OPEC History of OPEC Saudi...
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Transcript of Oil Case Study. Watch and Read the case study material History of OPEC History of OPEC Saudi...
![Page 1: Oil Case Study. Watch and Read the case study material History of OPEC History of OPEC Saudi Collusion on prices Saudi Collusion on prices Opec.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649efc5503460f94c0f037/html5/thumbnails/1.jpg)
Oil Case Study
![Page 2: Oil Case Study. Watch and Read the case study material History of OPEC History of OPEC Saudi Collusion on prices Saudi Collusion on prices Opec.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649efc5503460f94c0f037/html5/thumbnails/2.jpg)
Watch and Read the case study material
History of OPEC
Saudi Collusion on prices
Opec Members
Oil Price War
Why are gas prices so high
Extension: Find your own research.
![Page 3: Oil Case Study. Watch and Read the case study material History of OPEC History of OPEC Saudi Collusion on prices Saudi Collusion on prices Opec.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649efc5503460f94c0f037/html5/thumbnails/3.jpg)
Keyword Definition
Oligopoly
Cartel
Collusion
Interdependence
Price War
Niche
CONNECTIVES
Use these in your answers….
![Page 4: Oil Case Study. Watch and Read the case study material History of OPEC History of OPEC Saudi Collusion on prices Saudi Collusion on prices Opec.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649efc5503460f94c0f037/html5/thumbnails/4.jpg)
CONNECTIVES for AnalysisCONNECTIVES for ApplicationCONNECTIVES for Evaluation
COMPARINGEqually…As with…Like…In the same way…Similarly…Even so…Likewise…
CAUSE & EFFECTConsequently…Due to…As a result…Therefore..Because of…Because…
CONCLUDINGFirstly… After…Secondly… Before…Overall… I believe…Finally… I think …In conclusion… it depends…To conclude… short term…Meanwhile… Long term…
CONTRASTINGAlthough… Except…Moreover… If…However… Yet…Apart from… Unless…Despite…As long as…
EMPHASISINGMost importantly…Significantly…Notably…Especially…Above all…In particular…Indeed…
QUALIFYINGDespite…Yet…As long as… Unless…Apart from… If…Moreover… Except…However…Although…
ADDINGIn addition… And…Too… Also…Additionally… As well as…Furthermore…
ILLUSTRATINGFor instance… Such as…In the case of… So…For example…As revealed by…As illustrated by…
![Page 5: Oil Case Study. Watch and Read the case study material History of OPEC History of OPEC Saudi Collusion on prices Saudi Collusion on prices Opec.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649efc5503460f94c0f037/html5/thumbnails/5.jpg)
![Page 6: Oil Case Study. Watch and Read the case study material History of OPEC History of OPEC Saudi Collusion on prices Saudi Collusion on prices Opec.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649efc5503460f94c0f037/html5/thumbnails/6.jpg)
Answer the questions.
1. Define an oligopoly (2m)
2. Explain whether the oil market is an oligopoly (3m)
3. To what extent is the oil market good for consumers. (6m)