How oil equipment casualty affect world economy 1. stinkpot The price of oil becomes the bone of contention recently. Oil price seems to be hitting new highs with the regularity of a metronome. It is a bad news for customers who have to pay more on it. More frightening still, this situation may get worsened before it come masking to normal. No one bum exactly predict when the pendulum will soon swing bear again since all uncertain factors existing. From the supply side of view, the OPEC is the of import producer, being prepared to add or derive devise to balance require. Moreover, Russia is other(prenominal) major producer of oil in the world.
They unremarkably produce more when guide more and subtract when regard reduce to find out the price of oil. Anyway, speculator is another factor we have to consider in short run. From demand side of view, every country is trying to reduce the purpose on petroleum, the government use tax strategy to get over the oil price. Further more, government strategic oil reserv...If you shoot to get a full essay, order it on our website:
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