Oiling the wheels of industry?
Read the article Crude oil's rollercoaster prices (you can do this in the window below or follow the previous link to read the article in a separate window) and then consider answers to the questions below.
You may also want to read the articles:
Identify the main factors that have contributed to the volatility in oil prices since 2008.
Assess whether the rise in oil prices affects a firm's fixed or variable costs or both. Explain your answer fully.
Discuss the impact that volatile oil prices are likely to have on firms.
Evaluate the impact that rising oil prices are likely to have the national economy of the country where you live.