OPEC Webquest - adapted from the Council for Economic Education
Directions: Read the instructions for each step and follow them carefully. If you have any questions, please raise your hand. You have the option to work with a partner or on your own. If you choose to work with a partner, you must each complete your own webquest answer sheet.
Step 1: Take out a sheet of paper. Write the QUESTION AND ANSWER!! Using the internet, research: What is the difference between crude oil and refined oil? How is refined oil used?
Step 2: Research the answer to questions 1-3 using the resources below.
Question 1: What nations are in OPEC? Are there any that surprised you? Why?
Question 2: What does OPEC do?
Question 3: Are any other entities (groups or organizations) involved in the production and sale of gasoline? If so, what kinds of groups or organizations? (Explain what each group/organization does to help produce gasoline).
Resources/Where to find the answers to these questions:
Question 1 and 2: Resource
Question 3: Resource
Step 3: Read one last article for consideration: The Hummer is Back. Thank Falling Oil Prices.
Step 4: Answer this question: What has happened to the cost of gas from 2002 to 2014. Look at the graph here. Make sure to click on "yearly."
Step 5: Research alternative energy options for cars. How do their prices compare to the cost of oil? Read this article and this article to help you. Based on your research, which do you think is the most cost effective option ? What are the advantages and disadvantages of electric or hybrid cars?
Step 1: Take out a sheet of paper. Write the QUESTION AND ANSWER!! Using the internet, research: What is the difference between crude oil and refined oil? How is refined oil used?
Step 2: Research the answer to questions 1-3 using the resources below.
Question 1: What nations are in OPEC? Are there any that surprised you? Why?
Question 2: What does OPEC do?
Question 3: Are any other entities (groups or organizations) involved in the production and sale of gasoline? If so, what kinds of groups or organizations? (Explain what each group/organization does to help produce gasoline).
Resources/Where to find the answers to these questions:
Question 1 and 2: Resource
Question 3: Resource
Step 3: Read one last article for consideration: The Hummer is Back. Thank Falling Oil Prices.
Step 4: Answer this question: What has happened to the cost of gas from 2002 to 2014. Look at the graph here. Make sure to click on "yearly."
Step 5: Research alternative energy options for cars. How do their prices compare to the cost of oil? Read this article and this article to help you. Based on your research, which do you think is the most cost effective option ? What are the advantages and disadvantages of electric or hybrid cars?