Lesson6 whoaretheplayersppt

Why do we care about OPEC oil? Who are the main players involved in the supply?

What influences oil pricing? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],2008- Oil prices continuously increased supply could not keep pace with demand (esp. from China) OPEC worried about increasing output as then investors may feel there’s a glut on the market and drop prices, affecting OPEC economies

OPEC Member Countries: Country Joined OPEC Location Algeria 1969 Africa Angola 2007 Africa Ecuador(**) rejoined 2007 South America IR Iran* 1960 Middle East Iraq* 1960 Middle East Kuwait* 1960 Middle East SP Libyan AJ 1962 Africa Nigeria 1971 Africa Qatar 1961 Middle East Saudi Arabia* 1960 Middle East United Arab Emirates 1967 Middle East Venezuela* 1960 South America *founder Members ** Ecuador joined OPEC in 1973, suspended its membership from Dec. 1992-Oct. 2007

‘ The economics of oil’ ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What is OPEC? ,[object Object],[object Object],[object Object],[object Object],[object Object]

OPEC’s role in energy supply: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Home Profile Inbox Friends Settings Logout Search View photos Info Photos Boxes What’s on your mind? Share Name Information Friends 10hrs ago View videos Older posts Wall Recent Activity Ads Groups Add a picture here Add personal information here Who would they be friends with? Last status update here What would they be typing now? What have they been doing on Facebook? Two interactions with friends What groups are they in? What ads would be targeted to them?

Task ,[object Object],[object Object],[object Object]

Homework- Powerful players in the global supply of energy OPEC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The role of energy TNC’s ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Largest ,[object Object],[object Object],[object Object],[object Object]

Lesson summary ,[object Object]

Task for lessons 5 and 6 ,[object Object],[object Object],[object Object],[object Object],[object Object]

1 2 3 Aneesha Amardeep Roxanne Ummar Aphrodite Usman Shahir Oliver Demola Kiran Mariya Josh Charles Billy Shanpreet Grace Chris

Lesson6 whoaretheplayersppt

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