Problem
i. What environmental circumstances brought Mexico, Venezuela, and Saudi Arabiato the negotiating table?
ii. Over the period of time reviewed in this case, Saudi Arabia was, then it wasn't, thenit was again willing to make the biggest reductions. Why were the Saudiswilling to make the biggest reductions? Why did they stop, and then restart?
iii. What circumstances maintained cohesion among oil-producing countries during theperiod 2005-2006? Are those circumstances still in place as you analyze thiscase?
iv. What will it take for the consumer to see a reduction in oil prices?