Prompt the price of crude oil has dropped over 70 from its, Ask an Expert

Management Studies

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?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92761634

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