SYND 13/02/74 FRENCH FOREIGN MINISTER, MICHEL JOBERT, PRESS CONFERENCE

The video discusses the evolution of the oil industry, highlighting the role of private companies in maintaining low oil prices for industrial benefits. However, the system eventually broke down, leading to a rapid increase in oil prices.

What does the speaker suggest about the complexity of analyzing the petroleum industry's evolution?

• It is straightforward and simple.

• It requires a lot of time and effort.

• It has already been fully analyzed.

• It is unnecessary to analyze.

What was the main goal of private companies regarding oil prices?

• To eliminate oil prices altogether.

• To keep oil prices very low.

• To maintain high oil prices.

• To increase oil prices significantly.

Who benefited from the low oil prices maintained by private companies?

• Oil-producing countries.

• All countries equally.

• Industrialized countries.

• Developing countries.

What happened when the system failed according to the speaker?

• Oil prices were unaffected.

• Oil prices decreased significantly.

• Oil prices remained stable.

• Oil prices increased dramatically.

How quickly did the oil prices change after the system failure?

• Instantly.

• Over a decade.

• Over several years.

• In a few months.