The Biggest Winners and Losers From Oil's Big Drop

The Biggest Winners and Losers From Oil's Big Drop

Assessment

Interactive Video

Business, Architecture, Social Studies

University

Hard

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The video discusses the impact of a drop in oil prices, highlighting Saudi Arabia's influence in OPEC and its financial resilience. It examines corporate strategies, such as Leon Black's timely sale of assets, and the challenges faced by energy companies with high debt. The discussion extends to regional and sectoral impacts, noting differences in production costs and effects on refiners and drillers. The video also explores the economic benefits for consumers, like airlines, and the potential offset by reduced investment in the domestic oil industry.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country is highlighted as having a significant influence in OPEC due to its financial resilience?

United States

Venezuela

Saudi Arabia

Russia

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategic move did Leon Black make before the oil price drop?

Invested in renewable energy

Sold off a Canadian oil producer

Increased oil production

Bought shares in a major airline

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major challenge for energy companies with high debt loads due to falling oil prices?

Reducing workforce

Increasing production

Expanding into new markets

Funding continued drilling

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do refiners benefit differently from the drop in crude oil prices compared to drillers?

They face higher input costs

They benefit from lower input costs

They experience increased production costs

They have reduced consumer demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one potential benefit to the US economy from lower oil prices?

Reduced airline profits

Savings at the pump for consumers

Higher gasoline prices

Increased oil exports