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

Description: Over the weekend, exposed oil fields and processing facilities in the Kingdom of Saudi Arabia were bombed by drones. Suddenly, almost 6 million barrels-a-day of the world’s oil supply was taken offline. We haven’t seen this scale of disruption in 40 years, not since the Arab Oil Embargo and the Iran-Iraq war. What can we learn from four decades ago?

Source: – video report

Date: Sep 20, 2019


Questions for discussion:

  • Summarize the price history and consumer responses to price changes?
  • Given this history, what do you expect to happen in the energy industry over the next ten years?

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