Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: CNNMoney’s John Defterios explains what the first reduction in output since 2008 means for the oil market and the consumer.

Source: – video report

Date: Dec 02, 2016


Questions for Discussions:

  • Why is OPEC cutting oil production at this time?
  • Do you think consumers will readily adjust to the recent rise in prices?
  • At what price do you think oil would be “too expensive” – as expressed in a unit of gasoline?

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