I need help with the following:

Project 1 Workbook Q Search Sheet Home Insert Page Layout Formulas Data Review View + Share ~ 36 Cut Calibri 11 A- A- = Wrap Text General Currency 2 Normal 2 Normal 1401 AutoSum Fill paste Neutra Format B I U YY. A. Merge & Center $ % 2 08 0 Conditional Format Bad Good Insert Delete Format Sort 8 Formatting as Table Clear Filter E4 X fx M Q Future Supply and Demand for Crude Oil To complete this project step, address the following: Daily US demand for crude | Daily US supply of crude 1. Based on the information provided from the International Energy Agency (IEA) in the table on the left, examine the supply and demand graph in the Price per barrel oil (in millions of barrels oil (in millions of barrels space below. This information is helpful for our client ExxonMobil to know how much oil to produce. The graph shows crude oil prices per barrel and the per day) per day) supply and demand for the number of barrels in the united States per day. After you have examined the graph below, identify the price and quantity and price at which equilibrium exists. This information is important for the client to determine the quantity of oil to produce for profit maximization. $30.00 0.7 2. The global demand for oil changes with the changes in global economies. As economic activity increases, the global demand for oil increases. For the past several years, the global demand for oil has increased (https://www.iea.org/oilmarketreport/omrpublic/). As the global demand changes, we can observe this change $35.00 0.9 0.8 graphically. What changes are expected in the short-term? To answer this question, please see https://www.eia.gov/outlooks/steo/. Support your statements with research and references. $40.0 0.8 0.9 3. What are potential supply and demand risks in the global oil market? Support your statements with research and references. $45.00 0.7 1 4. Is the global oil and gas market in a monopoly, oligopoly, or competitive economic model? Why? Support your statements with research and references. 50.00 0.6 1.1 Be as descriptive as possible and credit any sources you use. $55.00 0.5 1.2 10 $60.0 0.4 1.3 11 Data from https://www.lea.org 12 13 14 Show your work below 15 Question 1: 16 17 Oil Supply and Demand 18 60 19 20 40 21 22 30 23 20 24 10 25 26 27 0.2 0.4 0.6 0.8 1.2 1.4 28 -Daily US demand for crude oil (in millions of barrels per day) 29 Daily US supply of crude oil (in millions of barrels per day) 30 32 33 Equilibrium: 34 35 36 Question 2 37 38 39 40 Plot Area 41 44 Question 3 46 D Supply and Demand Graph Profit Maximization + Ready iT B - + 100%