To maximize their effectiveness, color cases should be printed in color. After booming in 2007 and early 2008, the offshore drilling industry slumps in 2009. Lower oil prices lead oil companies to reduce drilling budgets, and rig utilization falls from essentially 100% to 70% in some markets. Day rates--the prices paid for a rig's services--fall by as much as 68%. The case illustrates how supply and demand work together to determine prices and utilization in the short run, as well as how long-run supply is determined in an industry where capacity additions take several years. Also describes how advances in deep-water drilling technology are changing industry structure.

【書誌情報】

ページ数：28ページ

サイズ：A4

商品番号：HBSP-711543

発行日：2011/5/22

登録日：2011/9/27