Why Oil Prices Will Continue to Fall: Atkinson

Why Oil Prices Will Continue to Fall: Atkinson

Assessment

Interactive Video

Business, Architecture, Health Sciences, Social Studies, Performing Arts, Biology

University

Hard

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The video discusses the history of oil price shocks, comparing the 1980s to 2014. It highlights the role of OPEC and non-OPEC producers, the impact of supply and demand, and the lessons learned from past market conditions. The video also explores current market dynamics, including conspiracy theories about US and Saudi actions, and speculates on future oil prices and OPEC's role.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the impact of the US shale production on the oil market in 2014?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the significance of operating costs in relation to oil production in the North Sea and the US shale industry.

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential consequences if Iran returns to the oil market following sanctions?

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