Posted: January 25th, 2017

Is OPEC’s power likely to increase, decrease, or stay the same? Why?

A typical answer should have about 500 words, but it is the quality of the answer that matters, not the number of words. Satisfactory answers will demonstrate clear understanding of the topics and issues related to the DQ. Good answers will be able to explain the reasons in more depth. Excellent answers will be able to raise appropriate critical questions. Weak answers will demonstrate only a partial grasp of what is important in the context of the DQ.Week 4 Discussion Question   In working out your responses to the Discussion Question, you should choose examples from your own experience or find appropriate cases on the Web that you can discuss. Credit will be given for references you make to relevant examples from real companies. Please make sure that you cite and reference all your outside sources properly, as per the Harvard Referencing System. Based upon your readings and the interactive model for this week in the online classroom, address the topic of whether the “peak oil” argument legitimate is cause for concern. Be sure to address the following points.    1.    Can discoveries continue to keep up with depletion?  Why or why not?  If so, for how long? 2.    Is OPEC’s power likely to increase, decrease, or stay the same?  Why?  3.    Saudi oil reserves are enormous.  Do you anticipate Saudi Arabia will significantly expand its oil production capacity?  Why or why not?   Please submit your initial response through the Turnitin submission link below in addition to posting it to the Discussion Board thread.