Oil Case Study.

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Presentation transcript:

Oil Case Study

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.

Use these in your answers…. Keyword Definition Oligopoly Cartel Collusion Interdependence Price War Niche CONNECTIVES

CONNECTIVES for Analysis CONNECTIVES for Application CONTRASTING Although… Except… Moreover… If… However… Yet… Apart from… Unless… Despite… As long as… COMPARING Equally… As with… Like… In the same way… Similarly… Even so… Likewise… QUALIFYING Despite… Yet… As long as… Unless… Apart from… If… Moreover… Except… However… Although… CAUSE & EFFECT Consequently… Due to… As a result… Therefore.. Because of… Because… ADDING In addition… And… Too… Also… Additionally… As well as… Furthermore… CONNECTIVES for Analysis CONNECTIVES for Application CONNECTIVES for Evaluation CONCLUDING Firstly… After… Secondly… Before… Overall… I believe… Finally… I think … In conclusion… it depends… To conclude… short term… Meanwhile… Long term… EMPHASISING Most importantly… Significantly… Notably… Especially… Above all… In particular… Indeed… ILLUSTRATING For instance… Such as… In the case of… So… For example… As revealed by… As illustrated by…

Answer the questions. Define an oligopoly (2m) Explain whether the oil market is an oligopoly (3m) To what extent is the oil market good for consumers. (6m)