Auburn University professor can speak on the impacts of possible oil production cuts

Published: December 05, 2018
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The price of oil is rising based on an expected decision Thursday by OPEC and its allies to cut production by 1 million barrels a day. Some U.S. producers have said that they might cut production if oil falls below $50 a barrel (it fell to $54 on Nov. 21).

Auburn University professor of supply chain management Glenn Richey can discuss how oil production in both U.S. and the OPEC countries affects gas prices for consumers and how it influences oil company profitability.

He can answer:

  • What will be the impact on consumers if oil production is cut?

  • What OPEC price would make Saudi Arabia happy? UAE? ($88 and $71/barrel)

  • How will the Trump Administration react?

  • How will U.S. oil companies react?

  • What is the key to having both low gasoline prices and oil company profitability?

Dr. Richey is the Harbert Eminent Scholar researching supply chain management in Auburn’s Harbert College of Business. He teaches “The International Business Experience” in Auburn’s No. 2 ranked online Executive MBA Program. Richey also serves as associate editor of the Journal of Business Logistics and the Journal of Supply Chain Management.

Interviews:

To arrange an interview with Richey, please contact Preston Sparks, Auburn University director of communications, at 334-844-9999 or pjs0027@auburn.edu. A photograph of Richey is available at https://flic.kr/p/Ko2osW.