Archive for the ‘oil market’ Tag

The Rise and Fall and Rise of Oil Prices   Leave a comment

Oil pricesLink: https://www.npr.org/sections/money/2018/01/19/579231506/therise-and-fall-and-rise-of-oil-prices

Summary: Oil prices have been fluctuating over the years, but when there is a price increase, many people may experience increases in the price of gas, heating, or a flight ticket back home as well. With the volatility of oil prices, what does this mean for determining future prices of oil and will these prices ever stabilize?

Original Air Date: January 19, 2018

Length: 7 minutes 4 seconds

How To Steal A Million Barrels Of Oil   Leave a comment

nigerian stolen oilLink: http://www.npr.org/blogs/money/2014/10/29/359624435/episode-578-how-to-steal-a-million-barrels-of-oil

Summary: The Nigerian Internet hosts many ads for stolen oil, inspiring the question: how? Why?  Nigeria has one of the top oil reserves, and it is controlled by the government. They lose about $10 million a day from oil theft. This podcast dissects how they get away with it.

Original Air Date: October 29, 2014

Length: 19 minutes 30 seconds

Discussion Question: The podcasts says that this problem is for the Nigerian government to solve. Should it be an international issue?

Prompt: The podcast does not reflect on the legally sold oil, and the effect the stolen oil has on that market. Write how you think the stolen oil would change the market for legal crude oil in the international arena, paying specific attention to the quantity and the prices.