Consider the following questions:

1. Is it appropriate to examine whether the oil producer’s actions were justified?

Why or why not?

2. If oil quality is subjective, is it appropriate to examine oil quality? Why or why not?

3. If oil quality is subject to machine testing and objective metrics, is it appropriate to examine oil quality? Why or why not?

4. Is profitability and cost analysis of the oil production company during the three-month shutdown relevant? Why or why not?

5. Is profitability and cost analysis of the oil production company during period before and after the three-month shutdown relevant? Why or why not?