Price of oil in international markets has dropped stunningly 60% in the past twelve months…. 1 answer below »

Price of oil in interdiplomatic chaffers has dropped stunningly 60% in the elapsed twelve months. Among the factors mentioned astern this powerful drop is the millions of barrels of oil performed in the US determined shale oil.” and analyze:

? The chaffer constituency for oil industry

? The minister and call-for for oil in that chaffer constituency

? The pricing of oil at the closeness of OPEC and the role of Speculators

? Why shale oil is a supply for oil and clear-up the tidings in heed to the Cross elasticity of call-for.