OPEC

and more. Only approximately 2% makes it across the “great pond” to America. Since the price drop on the oil market in 2014 which was caused by various factors but mainly by new oil discoveries and by the Organization of Petrol Exporting Countries (OPEC) trying to sustain its market share even by lowering the oil price, a barrel of crude oil plummeted from around $110 per barrel to around $30 per barrel and the current price is hovering at around 50 $/bbl at the moment (per October 2016). Low…

International Political Economy or IPE is one of social science studies that focusing on the correlation between economy and politics internationally. IPE will be focuses on international economic growth, international welfare, international finance, hegemony, etc. In this subject, it seems like there is no boundaries between economy and politics. They related and influence one another. After the colonial period, Indonesia has experienced a lot of progress for both domestic affairs and foreign…

Due to the end of WWI and after The Great Depression, America looked into ways on how to stay out of the issues of other nations. Isolationism became the answer. Isolationism mainly focuses on America staying out of the issues of Europe and Asia conflicts; it was also designed for America to stay out of any other international affairs of other nations. This was the shape of America’s foreign policy (American Isolationism in the 1930's, n.d.). However it wasn’t long until Britain and France were…

Heading into the 1970’s, the United States was in an gasoline consuming mania. With the formation of the National Highway Association, more people were travelling across the country, commuting longer to work, and owning more than one car per household. During the 1950’s alone, oil consumption by Americans rose over fifty percent (Verrastro and Caruso). Moving into the 1970’s, crude oil production was big, but the demand was even larger. Following the start of the Yom Kippur war in the Middle…

This chapter will focus on the U.S. military’s shift from deploying large conventional fighting forces to Special Operations Forces due to America fighting a different type of enemy, radical insurgencies. America is not fighting a large conventional army like the Iraqi Army again; they are fighting insurgencies. The best way to eliminate these insurgencies is to send in SOF because they have the ability to train local militant groups behind enemy lines and perform direct action missions to…

“Republicans chastised Obama for vetoing legislation to approve the 1,179-mile pipeline that would bring oil sands from Alberta, Canada to refineries near the U.S. Gulf Coast… for shutting down a project that would make the U.S. less dependent on oil from OPEC, Russia and other unfriendly nations”…

‘City Upon an Hill’ – When John Winthrop gave his “City Upon a Hill” sermon, the Puritans were still making their way toward the New World. During this time, the Puritans were escaping pressures in England and wished to be able to practice their religion and live under their ideals without the oppression they faced in the Old World. Winthrop’s sermon allowed the Puritans to remain hopeful about their future endeavors in the New World and that their efforts would not be lost. Furthermore, this…

What exactly was the Cold War? The Cold War was basically a war between the United States and the Soviet Union which never became “hot”. It was based upon ideological differences, the United States’ capitalism versus the Soviet Union’s communism. It was a competition to see who was better. After World War II the Cold War began. George Kennan, known as the “Father of Containment”, said that the Soviet Union was impervious to logic of reason, but only sensitive to logic of force. He said…

"The threat is nearly invisible in ordinary ways. It is a crisis of confidence." Jimmy Carter was the 39th presidential of the United States of America. During his presidency he gave this speech to address an energy issue the nation was facing. In his speech he states the issues, gave points, and suggested solutions which he practiced throughout his presidency. Background of Jimmy Carter Carter was born at the Wise Hospital in Plains, Georgia on October 1, 1924. As a kid Carter went to public…

Question 1 Price discrimination is when a company sells to different consumers, the same or similar product or service at a different price, even though the production costs are the same. Examples of price discrimination may include: • The varying price of airline tickets depending on the season and/or day of the week. • Carnival fetes where the cost of tickets are reduced for persons purchasing early or “Ladies free before 11”. • A lower price being charged to customers who purchase a…