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: FinancialPost.com – 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?