OPEC

Especially acute situation was created in energy-intensive and material-intensive industries, for example, metallurgy. Since the middle of 1970', there were several structural crises and the energy crisis. The energy crisis broke out after the creation of OPEC - the organization of oil producing and exporting countries, as this organization began to determine the size of oil production for each member country of the organization, the size…

Studant: Marcilene Macena Gomes Module Code: ECO119 Tutour: Shaun Bisheswar Semester 1 January 2018 Having being studding economy for the last four months I have learn a lot, made six tests and one presentation, for my last task of this semester I have being ask to answer three questions. First – in my words I have to search and show the difference between micro and macroeconomics. The second, describe the main policies instruments that a government or body can use to achieve macroeconomic…

Oil sands, defined simply are a mixture of water, sand, clay, and natural bitumen. Natural bitumen is a heavily viscous oil, which must undergo specialized procedures in order to be extracted. While oil sands occur in many places in the world, the largest such occurrence is located in the forests of Northern Alberta. This area is referred to as the Alberta Oil Sands, or the Athabasca Oil Sands. Oil sands were not always included when estimating the world’s recoverable oil reserves. It is…

power whose culture was affecting that of Iran. At the same time, support for the Shah may have waned among Western politicians and media – especially under the administration of U.S. President Jimmy Carter – as a result of the Shah's support for OPEC petroleum price increases earlier in the decade. When President Carter enacted a human-rights policy which said countries guilty of human-rights violations would be deprived of American arms or aid, this helped give some Iranians the courage to…

production of the Alaskan National Wildlife Refuge the amount of oil being extracted would merely account for 3.2% of domestic oil usage. This amount would not even be enough to lower the fuel cost significantly in the United States; even if it did then OPEC would step in and adjust the oil prices accordingly so that the price change would not be significant. This alone is the basis for the argument to drill in this area in the first place. Another argument is that jobs would be created by…

always been used as a source of energy, the oil industry exploded in the United States shortly after the Great Depression and WWII. That industry continues to grow today and supplies millions of people with jobs around the world. In the article by OPEC, Dr Maizar Rahman states in his powerpoint that “The pre-eminence of oil has run in parallel with the massive…

 Define stewardship, sustainability, and sound science. Stewardship is taking care of our resources to the best of our ability and coming up with ways to stop the wastefulness that takes place all over the world. It is also coming up with ways to improve the things that are being depleted daily, such as; fossil fuels, water, recycling, and the atmosphere. Sustainability is planning to manage our resources so they will last a long period of time. Sound science is science plus technology…

Money has 4 four basic function namely according to the AmosWeb: 1) medium of exchange, 2) Unit of account, 3) Store of value and 4) Standard of deferred payment (Amosweb, 2012). It is my opinion that in this regard the most important function of money is that money is a medium of exchange. The primary function of money is to act as the medium of exchange. Individuals uses money to buy and sell goods. Buyers give up money and receive goods. Sellers on the other hand give up good and receive…

Do you own a car, truck, motorcycle, or a boat? If you do, you probably know that you have to buy gasoline in order for them to work. You can find many gas stations in Ozone Park, New York, but have you ever compared the prices? What do you know about the prices of gasoline? The price of gas depends of the location of the gas station. During the summer, the price of gasoline usually increases. There was a time when we had to pay $.64 for gas which has raised to more than $1 in most…

According to German film theorist Siegfried Kracauer “films are the mirror of the prevailing society.” Through films viewers can understand the culture and sentiments of the people during the time of the film’s creation. Film directors study popular trends in their society and have those trends reflected back in their films to gain viewers and economic profit by providing something the audience can relate to. The preservation and study of films allow for the observation of the political…