Risk affects all long term projects the longer the lead

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Risk affects all long term projects. The longer the lead time on a project, the greater the risk. The price of a barrel of oil has increased from $22.81 to $90.30 between 2002 and 2012 (Historical Crude Oil Prices). Gasoline prices increase approximately 3 cents a gallon for every dollar increase in the price of crude as there are approximately 30 gallons of gasoline refined from a barrel of oil. What industries are most severely impacted by this increase? What projects would go forward as a result, what projects would be hindered?

Reference no: EM13591416

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