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OPEC Essay Examples

Monopolistic Industry - Case of OPEC
As the paper outlines, OPEC, the Organization Of Petroleum Exporting Countries, was established in the 1960s and ever since Saudi Arabia gained a reputation of being the major power of the organization.  Saudi Arabia has the biggest oil reserves in the world and production costs...
Pages: 7 (1750 words) , Case Study , Business
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The Event of OPEC Quarterly Declaration of Production Status
It is evidently clear from the discussion that among the recent research works on the impacts of the meetings that OPEC on the control of oil prices, studies have found a negative effect of the declarations of OPEC that it decided to pass restrictions on...
Pages: 17 (4250 words) , Research Paper , Politics
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Supply Side Factors and the Main Forces Driving the Market for Oil
Any talk of oil supply and the first thing that springs to the mind of most people is OPEC. The problems seen in the deficiency of oil supply were neatly summed up by Michael Klare in his book “Blood and Oil” that the problem with...
Pages: 10 (2500 words) , Case Study , Macro & Microeconomics
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Cse Study Analysis Economics
But the huge strength of oil was realized by the oil producing nations in 1973, when they all decided to stop exporting oil to US and other western nations, in retaliation to the US assistance to Israel in the Yom Kippur War1. Oil prices started...
Pages: 10 (2500 words) , Essay
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Oil Prices and Problems With Businesses and the Whole Economy
It must be highlighted that the oil industry is an oligopolistic industry, which is dominated by oil-rich nations. A maximum number of economies are directly dependent on oil imports from producing and exporting nations to fulfil their domestic oil demand by residential, commercial and industrial...
Pages: 8 (2000 words) , Research Paper , Business
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Ramifications of the First and Second Oil Crises
The Egyptian army invaded by crossing the Suez Canal while Syrian troops invaded through the Golan Heights. This War lasted three weeks and resulted in neither a victory nor loss for Israel, although the Jewish state managed to maintain its territorial integrity despite the onslaught...
Pages: 9 (2250 words) , Coursework , Macro & Microeconomics
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The US Involvement in the Military Coup against Hugo Chavez
Chaves after coming to power accused the United States to be behind the turbulent situation that had engulfed the Venezuelan Republic during the military coups and its after-effects which can also be suspected while going through various news reports covering the events. A report from...
Pages: 6 (1500 words) , Essay , Politics
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Organization of Petroleum Exporting Countries
Throughout history, access and control to abundant natural resources have been the driving force behind a powerful nation’s colonization and empire-building – from the Roman centurions to the Spanish conquistadors and Great Britain’s monarchs. Since oil became a much-valued article of trade, modern imperialism took...
Pages: 12 (3000 words) , Case Study , Business
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Use of Fossil Fuel
The first quantitative study focused on assessing how fossil fuels are actually converted through a complex process of decomposition. This study has taken historical samples and assessed how these changes have actually affected mammals. This study has focused on the dietary shifts and how these...
Pages: 6 (1500 words) , Case Study , Environmental Studies
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The End of the Bretton Woods System
According to the IMF (2013), the decline of the fixed value of the dollar against gold was because of the country’s high economic spending. The various programs set by the administration of President Lyndon Johnson contributed to high spending in the country. The Vietnam War...
Pages: 8 (2000 words) , Case Study , Business
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Mangerial economics
The commitment contract technique was useful for the company because it helped to assess the trends of consumer demands as well as enabled the company to make accurate forecasts regarding the future price movements in the concerned industry. The factor of irrationality in human behaviour...
Pages: 7 (1750 words) , Assignment , Management
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During the latter part of 2014 the oil price fell from well over $100 per barrel to around $50 per barrel. Why might this sudden fall have occurred and how will it affect economies around the world
The weak economic activities have resulted into lower demand. Moreover, the availability of other sources of energy and a shift in demand from oil to other fuels is also a major cause for the fall in oil prices and its positive effect on the economy....
Pages: 8 (2000 words) , Essay , Macro & Microeconomics
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Unconventional Oil and Gas Energy Ssources
The rise of the use of unconventional oil and gas energy sources can help to produce jobs. Most of the policies are based on enhancing the economy of the country. The energy policies of the United States are based on the improvement of productivity, social...
Pages: 8 (2000 words) , Term Paper , Macro & Microeconomics
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Airline Industry Innovations and Fluctuations in the International Oil Markets
In 1978, US President Jimmy Carter signed the Airline Deregulation Act, a US federal law which paved the way for major changes to the airline industry in the US in the following decade.  This law aimed o remove governmental control over the price of fares,...
Pages: 9 (2250 words) , Research Paper , Tourism
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Airlines and Fluctuations in the International Oil Markets
In the short term, over a one year period, the airline industry should continue to monitor the fluctuating cost of oil and of doing business and can respond to rising costs in a variety of manners. First and foremost, an airline can add a fuel...
Pages: 7 (1750 words) , Case Study , Business
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Fossil Fuels as the Source of Energy
Lately, fossil fuels have had a lot of research by scientists and corporations, which have seen the modern way of life, will ultimately lead to human destruction in the next decades. Many people will argue that modern civilization is doing fine and the earth is...
Pages: 12 (3000 words) , Research Paper , Environmental Studies
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The Ethanol Industry Strategy
The use of ethanol as the vehicle fuel has reduced the carbon dioxide equivalent greenhouse gas by the approx number of 10.1 Million ton in the US in the year 2007. The agriculture department in the US has determined that 167 units of energy would...
Pages: 10 (2500 words) , Case Study , Business
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The Reasons of the Global Economic Crisis
Hobsbawm asserts that the social revolution of the 1960s was as much a capitalist venture as a social and cultural revolution. The result of this “concentrated mass of purchasing power” (Hobsbawm 326) was the development of a sort of cultural hegemony, with blue jeans and...
Pages: 11 (2750 words) , Essay , Macro & Microeconomics
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Mobile Phones and Business - Smartphones, Blackberry and iPhone
“From a marketer's perspective, the introduction of the new iPhone could open up opportunities to create targeted mobile advertising campaigns”. In other words, the prospects for iphone in the market are immense. But the competition from blackberry is stiff and iphone need to fine-tune some...
Pages: 8 (2000 words) , Case Study , Technology
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Saudi Arabia & Bahrain Economy
Presently, the economic freedom score for Saudi Arabia is 66.1, making the country emerge as the 77th freest economy according to the 2015 index. This score has not changed since 2014. The high score for the country dwells on trade freedom and eradication of corruption...
Pages: 6 (1500 words) , Essay , Macro & Microeconomics
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Why are we facing a severe drop in oil price Is it a question of demand not catching up with supply, or are we experiencing an economical cold war Who is benefiting at this level, and is it sustainable
Referring to the current scenario, after witnessing the apex of prices in 2008 which in turns ruined the well-being of world’s economy the oil is entered in the price stagnancy regime for last three years and now experiencing the continuous sharp decline for last few...
Pages: 20 (5000 words) , Research Paper , Macro & Microeconomics
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Analysis of View that Oil Gas Exploration Companies Appear to Manipulate Reporting Their Reserves
In the past, it is suspected that oil companies have been involved in different schemes of political nature to achieve their purpose of high returns. The oil companies have been involved in certain practices, where it has deeply influenced and tried to achieve the gains...
Pages: 9 (2250 words) , Assignment , Business
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Shell Plc's Performance Results
Oil is considered as the primary fuel and is used extensively for not only transport purposes but for many other purposes also. According to OPEC forecasts, the total Non-OPEC oil supply for 2010 will be 51.53 mln Barrels per day whereas showing an increase of...
Pages: 10 (2500 words) , Research Paper , Business
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Macroeconomic
A number of US companies have entered the market with aggressiveness to exploit rich oil well as part of their strategy to increase their oil market share. The US Shale company has increased its oil production capacity to take advantage of the attractive oil prices...
Pages: 7 (1750 words) , Essay , Macro & Microeconomics
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The Classical Concession
The researcher states that the classical concession is characterized by the award of large land tracts for a long duration of time, sometimes the whole country, for 60 to 99 years, and with no control virtually over the activities of the concessionaire by the state....
Pages: 18 (4500 words) , Research Paper , Law
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To What Extent Are Resource Wars over Oil and Water Comparable
The premise that there is a “wide disparity in the consumption patterns between developed and developing countries” (Young, Dooge and Rodda, 1994, p. The main feature of this disparity has been that developed world is marked by “overconsumption” of resources, including water (Young, Dooge and...
Pages: 14 (3500 words) , Case Study , Politics
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Saudi Arabia Exposed
Saudi Arabia constitutes around four-fifths of the Arabian Peninsula in Southwest Asia. Saudi Arabia is known to be the third-biggest nation in Asia, after China and India, its exact zone is difficult to indicate in line with a few of its fringes are not completely...
Pages: 6 (1500 words) , Research Paper , Geography
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Oil Markets
The spell between 20th and 21st Century saw an increase in consumption each year at 440,000 barrels per day. Since 2005, there emerged a decline in consumption of oil in developed economies with recorded increase in consumption in developing economies (Hamilton, 2014). Hamilton argues that...
Pages: 6 (1500 words) , Essay , Macro & Microeconomics
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Multinational Oil Market and How It Influences the Political Relationships between Countries
According to the findings, it can, therefore, be said that oil production and consumption has become a global matter with governmental interest. Goldstein J. Haung X. and Akan B in the article “ Energy World Economy, 1950-1992” analyzed the oil production and consumption by world...
Pages: 13 (3250 words) , Literature review , Business
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United Kingdom Public Spending by Government Department
The chart shows the distribution of the £620bn UK national budget in 2010, where the tax money is committed to by department and sector. As the government becomes more invested and active part of the economy, the removal of money through the cutback in services...
Pages: 10 (2500 words) , Assignment , Macro & Microeconomics
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Energy Information Administration
In economic point-of-view, shortage of oil occurs when the demanded quantity of oil in the global market is more than the available supply. It means that a surplus will occur when the supply of oil available in the global market is more than the expected...
Pages: 9 (2250 words) , Research Paper , Macro & Microeconomics
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Sustaining lifestyle and living standards amidst lower oil prices
World economy has also become stronger by large volumes of oil trade, owing to its often argued nature of being recession-free. Hence, with huge amount of oil traded in the international markets, economies, such as Saudi Arabia, UAE and Qatar among others, have obtained competitive...
Pages: 35 (8750 words) , Research Paper , Finance & Accounting
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Analysis of Arab Socialist Baath Party
 Baath party concentrate mainly on the unity of the Arab people. Most of the Arab countries though have Muslims as a common religion; they have different communities and ethnic groups such as Shias, Sunnis, Kurds etc. These different communities often engage in internal wars between...
Pages: 10 (2500 words) , Research Paper , Politics
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Critical Analysis of Economics Articles
Dell can opt for becoming the market leader and by producing more, demanding more, it could drive the price per unit down, at least by buying in bulks. The second option to cope with the problem of lower margins would be increasing their prices so...
Pages: 8 (2000 words) , Research Paper , Macro & Microeconomics
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Pick on topic from my uploaded resources
In addition to this, it is also observed by economists that an increase in the price of per oil barrel in the global market leads to increase in the general price levels of many developing countries. The global economic recession that hit our world in...
Pages: 6 (1500 words) , Assignment , Macro & Microeconomics
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The Aim of Oil Industry in Global Business Context
The oil industry is highly influenced by the political and economic conditions in the operating region. Like in other commodity industries, the energy industry is also affected by the boom and bust conditions in the industry. Fluctuations in oil prices and demand strongly affect the...
Pages: 10 (2500 words) , Coursework , Macro & Microeconomics
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Game Theory as Useful Business Tool
A game "Prisoner’s dilemma": In this exposition of Games Theory, the idea is that one firm, or player, needs to consider the impact of an influence of action of other firms, or unit, upon the final decision of the course of action of the firm....
Pages: 19 (4750 words) , Research Paper , Social science
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Oil Markets
Analysis of Changes in the Global Market for Crude Oil and Analysis of Changes in the Global Market for Crude Oil Introduction The market for crude oil has been the subject of debate in the various disciplines. Historian argues that the political situation is to blame for...
Pages: 6 (1500 words) , Essay , Macro & Microeconomics
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The Saudi Economy's Dependence of Oil Recovery
The oil industry is evidently vital in the economic growth of Saudi Arabia. However, with the recent instability in the world market as prices and demand become volatile, the performance of the economy is put at stake. This paper would revolve on this question: How...
Pages: 38 (9500 words) , Research Paper , Macro & Microeconomics
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Energy Derivatives in the UK
The Oil prices have dropped to $69 per barrel and can drop to still lower levels as the tensions between Iran and the U.S aligned west were decreasing as the days pass by. (Financial Times June 2006). From the last three months, the confrontation of...
Pages: 25 (6250 words) , Case Study , Management
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Analysis of Energy Politics Book Written by Brenda Shaffer
In her book, essentially suggests that this quest has become so important for the nations that the overall politics is now mostly being dominated by this. Oil is approximately equal to one-third of the total energy resources of the world and due to its various...
Pages: 12 (3000 words) , Book Report/Review , Politics
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UAE Economic Development
Research MethodologyThis research used secondary sources of materials. It looked into literature that concerns the Middle East. It looked closely into the data from organizations like IMF, Word Bank, United Nations Organization (UN), World Trade Organization (WTO), World Economic Forum, Dubai Chamber of Commerce, German...
Pages: 9 (2250 words) , Research Paper , Macro & Microeconomics
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The Underlying Causes of Intercommunal Violence
During civil wars or intercommunal conflicts, distinctions between civilians and soldiers, men and women, adults and children, become blurred when acts of violence are perpetrated by armed individuals. This is aggravated by the fact that agents involved in the atrocities of intercommunal violence are not...
Pages: 8 (2000 words) , Assignment , Politics
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How Power Relations Shape and Effect Different Actors in A Supply Chain of Oil Industry
Henderson (1999) argued that there is a need for modern economic systems to be viewed in the context of globalization instead of the state confined economic development. In his argument, the modern economist must be able to understand that modern economic growth this no bound...
Pages: 7 (1750 words) , Essay , Business
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The Alternative Fuels in the Technology Transportation
Jeff Dukes, an ecologist at the University of Utah, conducted a study estimating the total amount of fossil fuel burned in 1997 was composed of 97 million billion pounds of carbon, the equivalent of at least 400 times the entirety of global plant matter, on...
Pages: 8 (2000 words) , Term Paper , Environmental Studies
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CAPITAL MARKET
The actions and language of the Fed helped to stabilize the dollar, but the problems with the EU constitution fueled an added hit to the Euro and an unexpected rally in both the greenback and in the Yen/Euro cross-trade. The rebound in the dollar appears...
Pages: 8 (2000 words) , Dissertation
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Book Discussion
Laxers “Oil” avails concise and thorough overviews of the economic and geopolitical circumstances that have led to world dependency on the petroleum products, from fuelling different means of transportation or vehicles to the power industrial running, he looks at the component of the host of...
Pages: 8 (2000 words) , Essay , Sociology
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The impact of price fluctuations in Supply Chain uncertainty in oil and gas industry
The main priority of an effective SC is to gain a competitive advantage by offering a competitive product or service mix. According to Lazzarini, Chaddad and Cook (2001, p. 1), “supply chains are defined as a set of sequential, vertically organized transactions representing successive stages...
Pages: 33 (8250 words) , Essay , Business
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The Main Drivers of Globalization and the Impact of Globalization on Global Business Practices
  The rise in liberalization and deregulation and the rapidly declining transportation and communication costs, as well as the reduction in barriers to good and services, have resulted in a high rise in the trade, FDI, and transfer of technical knowledge (Frankel, 2000). The rise...
Pages: 8 (2000 words) , Essay , Social science
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History Of Globalization Of NIGERIA
This movement at first was multiethnic, although it was bound in the South in the period 1930-1944, a time when the actual incomes of most participants in the money economy of Nigeria fell due to deterioration in the net terms of barter trade. During this...
Pages: 4 (1000 words) , Essay
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