Decrease production, The price of crude oil has dropped

Decrease production

Assignment Help Operation Management

Reference no: EM131421495

Prompt: The price of crude oil has dropped over 70% from its high. OPEC has decided not to set artificial pricing for their crude as they have in the past, but have decided to let the market set the price. This action has hurt several counties, including themselves. The U.S., the new “Super Power of Energy” due to fracking, has been also affected. If you were the CEO of a U.S. energy firm, what steps might you take in this market? Decrease production? Hold your ground to maintain market share? Other strategies?

Reference no: EM131421495

Questions Cloud

How can you improve on a job description : How can you improve on a job description? How do you use the competency base job analysis to write a job description and give a eample? Explain how do you move to a competency description?

Which segmentation base and possible segmentation variable : Assume you are the owner of a new mom and pop coffee shop that has opened in Union near Kean University. Describe which segmentation base(s) and possible segmentation variable(s) you would use to segment the market and why.

Considering small to medium sized businesses : Considering small to medium sized businesses. Discuss several e-business applications that you might recommend for survival and success? Discuss your answer?

What actions might you recommend to re-energize the company : Sears has been in the news for the past several months. It is seen as an outdated and tired retailer. It has taken some actions to stay afloat. If you were working on their business plan, what actions might you recommend to re-energize the company?

Decrease production : The price of crude oil has dropped over 70% from its high. OPEC has decided not to set artificial pricing for their crude as they have in the past, but have decided to let the market set the price. If you were the CEO of a U.S. energy firm, what step..

Company from an enterprise perspective : Why are we seeing companies addressing Resource Planning, Architecture and other areas in a company from an 'Enterprise' perspective? Discuss.

What is indicated land only sale price per acre for sale : You are appraising a 480 acre irrigated farm with a current valuation date. Improvements contribute $210,000 to the property value. The property is located outside Lotta-Water Irrigation District; irrigation water is obtained from an on-site well and..

Attitudes motivate individuals to take part in mass events : Create two problem statements that address two of the five topics you developed in assignment 4. Submit a draft of two 100-150-word problem statements that address those two topics. What kind of emotions and attitudes motivate individuals to take par..

Would you find such a practice morally acceptable : After cloning is perfected and medical drawbacks are reduced, cloning a human will be possible. At that point, it would be possible for parents of a dying child, for example, to have another child who would be a genetically identical replacement. Wou..

User Account

All Pages