Discuss the below:
1. Explain one possible option that Marathon could take to reduce the time involved in the production process.
2. Discuss the relationship between the retail price of gasoline and the price of crude oil.
3. Explain whatMarathon could do to keep the price at the pump the same without losing profits if the price of crude increased 10%.
4. In June 2010, President Obama imposed a six month deep water drilling moratorium. If theUS government prohibits deep water drilling off theUS coast, discuss how theUS oil companies can remain competitive in theUS market when over 35% of crude oil is currently sourced from domestic deep water drilling.