1) Define economic rents from oil production and the economic impacts from taxes On them.
2) How did Rockefeller work with the railroads to take over the petroleum refinery Industry in the US during the 1870s?
3) What are the advantages of the breaking up of Standard Oil? What were some Arguments for not taking this antitrust action?
4) Describe some of the investments made on the basis of cheap oil that complicates
5) Explain the basic division within OPEC concerning oil prices.
6) Why was OPEC considered a clumsy cartel during the 1970s?
7) Discuss the similarities between the 1986 crude oil price collapse and the current slide in oil prices that began late 2014.
8) What is the resource triangle and how does it relate to the revolution in unconventional oil and natural gas production?
9) What lessons does the history of oil provide for judging how successful the world
10) Explain why oil is considered a strategic commodity?