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.
Keyword Definition
Oligopoly
Cartel
Collusion
Interdependence
Price War
Niche
CONNECTIVES
Use these in your answers….
CONNECTIVES for AnalysisCONNECTIVES for ApplicationCONNECTIVES for Evaluation
COMPARINGEqually…As with…Like…In the same way…Similarly…Even so…Likewise…
CAUSE & EFFECTConsequently…Due to…As a result…Therefore..Because of…Because…
CONCLUDINGFirstly… After…Secondly… Before…Overall… I believe…Finally… I think …In conclusion… it depends…To conclude… short term…Meanwhile… Long term…
CONTRASTINGAlthough… Except…Moreover… If…However… Yet…Apart from… Unless…Despite…As long as…
EMPHASISINGMost importantly…Significantly…Notably…Especially…Above all…In particular…Indeed…
QUALIFYINGDespite…Yet…As long as… Unless…Apart from… If…Moreover… Except…However…Although…
ADDINGIn addition… And…Too… Also…Additionally… As well as…Furthermore…
ILLUSTRATINGFor instance… Such as…In the case of… So…For example…As revealed by…As illustrated by…
Answer the questions.
1. Define an oligopoly (2m)
2. Explain whether the oil market is an oligopoly (3m)
3. To what extent is the oil market good for consumers. (6m)
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