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Oil Prices Explained Through Economic Theory

until sufficient buyers are attracted to the market with the lower prices to take up the excess demand (Nellis and Parker, 2000). ...

The Economics of Oil

looking at the macroeconomic impact of oil during the oil shock of the 1970s and the more resent oil crisis the highly complex inf...

Gabon and Economic Theory

In nine pages Gabon, Africa is examined in terms of its economic background with applications of Keynesian and Monetarist theories...

Hubbert's Peak

(The Coming Global Oil Crisis 2003). Some Middle Eastern countries said their oil peaked in 1970, which allowed OPEC to create an ...

Economics Questions

to pay the lowest likely price for the goods or services they desire. This is the situation in comparison to an oligopolistic or m...

Oil Production Questions

would reduce the delays in the process, possibly by a considerable level (Marathon, 2010). Tools such as pumps within the pipeline...

Macroeconomics; The Price of Oil

price was higher in real terms than it is today. It is also worth noting that the major peak seen towards the right of the chart b...

International Trade Increases and Oil Price Impacts

and as such this theory was built upon and developed by theorists such as Ricardo, which helps to explain, to a greater extent, wh...

Price Elasticity

demand curve may be steeper as the demand will drop off more rapidly as the price increases. By understanding the elasticity forec...

Business Proposal for Mobile Oil Change, LLC

It appeals to businesses that have their own fleet mechanics and those that do not. Those businesses that maintain their own flee...

The Argument that "Oil Won the War" - World War II

This 7 page paper argues the U.S. oil production was a vital resource that contributed to the Allied victory in WWII. The writer e...

What is Fair Pricing?

The writer looks at the idea of fair pricing explaining what it is and how the perception of fair pricing will vary depending on ...

Gasoline Prices Change and a Reflection of Supply and Demand

way prices are expected to change, the AAA, which has been taking weekly surveys of prices from 2,8000 gas station in the state ha...

Gas Prices Assessed Econometrically

to modern business. OPEC began increasing oil prices less than two years later; the country and indeed the entire developed world...

Economists Thomas Malthus, David Ricardo, and Adam Smith

laissez faire held sway. In short, Smiths thought was that if the market and economy were basically left alone, that theyd functio...

Economics of Gas Prices

Though oil companies will not admit to any extra profit generation, they do concede that many locales require additional treatment...

A Review of Issues in Economics by Robert Guell

in depth the basics of theory. The section starts out with the more basic ideas of economics, first there is a chapter on opportu...

RISK, ARBITRAGE AND COMMON STOCK

State the formula for the arbitrage pricing theory. What are the three steps involved in estimating expected returns using this fo...

Channel and Pricing Recommendations for a New Commercial Services Firm

the market are prepared to pay a premium. In the case of the oil change service this may be a new and differentiated service, but ...

Pricing Strategies in Durability of Competitive Advantage

The first part of the paper discusses the 4 potential strategies; marginal cost pricing, incremental pricing, break even pricing a...

Post 1970 Oil Prices

not meet demand the prices will rise, and this will happen until the demand drops off due to the price increase and supply and dem...

Kindleberger on the World Economy

the overall health of a nations citizens can be used as an indicator of economic primacy is certainly debatable; however, the Worl...

Exxon Strategic Analysis

In this report of nine pages Exxon Oil's engineering and research strategies are discussed and includes discussion of scientific t...

Elasticity of Oil Prices

Asian oil fields, the worldwide supply of oil was rather stable and predictable. Demand remained rather constant, though seasonal...

The Oil Industry

the top 10 producers of oil, comparing 2006 with 2008, looking not only the position in terms of being a major oil producer, but a...

Oil Prices

The writer looks at the different events or influences that could result in oil prices increasing. Events such as war, natural di...

Financial Theory and Corporate Policy

choice will be made between the alternatives (Elton et al, 2002). There may be situations where there is certainty of outcome. Thi...

OIL AND THE INTERNATIONAL BUSINESS CONNECTION

Before we take on an explanation of oil and petroleum on a global scale, we first need to understand how the "liquid gold," as...

IMPACT OF OIL PRICES ON THE AUTOMOBILE INDUSTRY

One of the culprits of all of this change involved spiking oil prices, which led to an increase in gas prices at the pump. This, i...

Climate Change

there is only so much oil and no more. When it will run out is a completely unknown factor. A report by BP suggested that oil woul...