What Are the Factors Behind the Bounce Back in Oil?

What Are the Factors Behind the Bounce Back in Oil?

Assessment

Interactive Video

Business, Architecture, Performing Arts

University

Hard

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The video discusses the unsustainable low oil prices over the past year, highlighting the need for prices to be in the $55 to $65 range to cover production costs. It examines the role of speculation and market dynamics, including OPEC and investment banks, in influencing oil prices. The discussion also covers future predictions, emphasizing that while prices may rise, they are unlikely to reach $100 again. The impact of shale producers and the potential for an oil shock due to reduced investment are also explored.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the predicted oil price range by the largest banks for the foreseeable future?

$15 to $30

$25 to $40

$35 to $50

$45 to $60

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is $50 oil considered unsustainable according to the discussion?

It is too high for consumers.

It causes environmental concerns.

It does not attract enough capital to meet global demand.

It leads to excessive production.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factor is mentioned as contributing to exaggerated oil price movements?

Speculation

Government regulations

Consumer demand

Technological advancements

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential consequence of being stuck in an oil price range between $45 and $55?

Decreased demand for oil

An oil shock due to reduced investment

Stable global markets

Increased oil production

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a challenge mentioned for new oil production?

Lack of skilled labor

Limited market access

Higher production costs

Environmental regulations