Oil Case Study Watch and Read the case

Watch and Read the case study material History of OPEC Saudi Collusion on prices

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

CONTRASTING Although… Except… Moreover… If… However… Yet… Apart from… Unless… Despite… As long as…

Answer the questions. 1. Define an oligopoly (2 m) 2. Explain whether the oil

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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

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

Answer the questions. 1. Define an oligopoly (2 m) 2. Explain whether the oil market is an oligopoly (3 m) 3. To what extent is the oil market good for consumers. (6 m)