See Attached document on OPEC Negotiations
Answer questions at the end of the document (see below)
Write 2-3 paragraphs for each question.
1. What environmental circumstances brought Mexico, Venezuela, and Saudi Arabia to the negotiating table?
2. Over the period of time reviewed in this case, Saudi Arabia was, then it wasnt, then it was again willing to make the biggest reductions. Why were the Saudis willing to make the biggest reductions? Why did they stop, and then restart?
3. What circumstances maintained cohesion among oil-producing countries during the period 20052006? Are those circumstances still in place as you analyze this case?
4. What will it take for the consumer to see a reduction in oil prices?
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