Study Document
Gas & Oil Shortage Oil Term Paper
Pages:5 (1616 words)
Sources:3
Subject:Other
Topic:Water Shortage
Document Type:Term Paper
Document:#96566889
All these factors have added too many variables to the Middle East, an important region for crude oil production" (Xuequan, 2008).
4. Conclusions
The improved standards of living have contributed significantly to an increase in the population's demands. And to satisfy these demands, with the ultimate scope of registering higher profits, the American corporations have abused the natural resources and are now moving towards the resources in other countries. Two such vital resources are crude oil and natural gas. The situation of gas is quite stable, but that of oil is critical. Based on limited natural resources, a weakening American dollar, speculative operations on the international market, but also the regulations implemented by OPEC and the conflicts in the Middle East, the price of oil has sky rocked - and it is likely to continue its ascendant trajectory.
References
Leonard, a., 2008, the Story of Stuff, http://storyofstuff.ethicalbrand.org/last accessed on May 30, 2008
Wallace, E., May 13, 2008, the Reason for High Oil Prices, Business Week, http://www.businessweek.com/lifestyle/content/may2008/bw20080513_720178.htm?campaign_id=rss_topStorieslast accessed on May 30, 2008
Xuequan, M., April 18, 2008, Weak Dollar Not Sole Reason for High Oil Prices, Xinhua News Agency, http://news.xinhuanet.com/english/2008-04/18/content_7999121.html. Ast accessed on May 30, 2008
2004, Why are Oil Prices so High?, BBC News, http://news.bbc.co.uk/2/hi/business/3708951.stmlast accessed on May 30, 2008
2007, International Natural Gas and Liquefied Natural Gas (LNG) Imports and Exports, Energy Information Administration, http://www.eia.doe.gov/emeu/international/gastrade.htmllast accessed on May 30, 2008
2008, Crude Oil and Total Petroleum Imports Top 15 Countries, Energy Information Administration, http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.htmllast accessed on May 30, 2008
2008, Official Website of OPEC, http://www.opec.orglast accessed on May 30, 2008
2008, the World Factbook - United States, Central Intelligence Agency, https://www.cia.gov/library/publications/the-world-factbook/geos/us.htmllast accessed on May 30, 2008
Sample Source(s) Used
References
Leonard, a., 2008, the Story of Stuff, http://storyofstuff.ethicalbrand.org/last accessed on May 30, 2008
Wallace, E., May 13, 2008, the Reason for High Oil Prices, Business Week, http://www.businessweek.com/lifestyle/content/may2008/bw20080513_720178.htm?campaign_id=rss_topStorieslast accessed on May 30, 2008
Xuequan, M., April 18, 2008, Weak Dollar Not Sole Reason for High Oil Prices, Xinhua News Agency, http://news.xinhuanet.com/english/2008-04/18/content_7999121.html. Ast accessed on May 30, 2008
2004, Why are Oil Prices so High?, BBC News, http://news.bbc.co.uk/2/hi/business/3708951.stmlast accessed on May 30, 2008
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