Posted: September 15th, 2015

Effects of falling oil and gas prices

 
The oil and gas market have experienced some dramatic changes in recent years. Some of the issues and consequences associated with high production are discussed in a video of an interview with Lynn Cook from The Wall Street Journal (see: http://www.pbs.org/newshour/bb/u-s-energy-firms-slash-jobs-crude-oil-prices-drop/#)
Based on information contained in the video and other information you might find, discuss the likely effects the recent fall in oil and gas prices are likely to have on the gasoline market. Specifically, based on your knowledge of supply and demand models:

(a)
discuss the effects falling oil and gas prices on the gasoline equilibrium quantity and price;

(b) what price do you expect regular gasoline will be and explain why.
It may be useful to graph these scenarios and look for additional information before writing your answer. Please do not include your graph in your submission, but describe the results in your written analysis.

Imagine you are preparing your analysis for a local news report where the audience is not likely to be familiar with supply and demand analysis (models).

Do you want your assignment written by the best essay experts? Then look no further. Our team of experienced writers are on standby to deliver to you a quality written paper as per your specified instructions. Order Now, and enjoy an amazing discount!!