¶ … Surge Is Unlikely for Prices of U.S. Gas," by Clifford Krauss (Krass, 2013). There were four main points of distinction embedded within the article. The first and arguable most important element within the article was in reference to the growing conflict in Syria. The article was written in late August when unrest in the Middle East was near its height. During this period, Americans were concerned with the subsequent rising oil prices that might occur due in part to the civil unrest occurring in Syria. The article first explains how gas prices are unlikely to increase due to a litany of factors. First, Syria is a very small oil exporter. It exports roughly 1% of the world's oil. As such, even if the entire country were to be engaged in war, the resulting damage in regards to oil exports would be minimal. Many pundits believe that the rippling effect of a Syrian unrest would have adverse consequences for the world's economy (Seale, 1987). This, at a time of tepid economic growth, would undermine much of the progress that is occurring in the worlds overall economy. Second, many developed countries are now becoming energy independent in regards to their overall activities. Electric vehicles, the discovery of natural gas, and alternative energy solutions are abated foreign dependency on oil. For example, the auto industry, which is heavily reliant on petroleum, based products in undergoing fundamental change. Electric vehicles have now entered the market at...
Manufactures from Ford, to Tesla, are now mass producing alternative energy vehicles that perform very similar to their petroleum-based counterparts. In fact, many electric vehicles have larger fuel efficiencies, more durability, and are more environment al friendly than many, more established car lines. Although the infrastructure isn't yet available to support a wide adoption of electric vehicles, the future looks very promising (Kay, 1997). This ultimately reduces much of the developed world's dependency on foreign produced oil. Instead, alternative energy provides an adequate solution to consumer grievances.
This was the clear result of a tightening in supply, however. Another major fuel price shock occurred as a result of the Iranian Revolution and the subsequent Iran/Iraq War. This again caused a supply shock as two of the world's major oil producing nations were completely destabilized (Williams, 2007). In the 2000s, a number of factors have combined to drive up oil prices. Major economic gains in key, highly-populated developing
Trade Act of 1974 on Euro exchange rates? Free Trade has been a key agenda for the past three presidents. In an expanding global market, tariffs and trade policies are more important today than they have been in the past. More and more countries are forming alliances such as the North American Free Trade Agreement (NAFTA), the Asian Alliance, and the European Union (EU). These trade agreements are meant to
The National Housing Act indirectly promoted the idea of lenders offering much longer-term mortgages with the currently accepted concept of monthly payments with the dual interest and principal payment scale. Amortized real estate mortgages opened the door for an average person to purchase and own a single family home. As a result of the National Housing Act, the United States government inadvertently committed itself along with private lenders to insure
(Renner, 2002, p. 26) The Taliban committed millions of acts of fundamentalist-based violence. They isolated women, forced them to wear the Burka, the most conservative of Islamic veils, closed girls schools, forced women to stop working and beat people on the street for even the most minor infractions. Additionally they devastated the cultural history of the nation and added to the general destruction of the nation. The Overthrow of the Taliban
E. In Spain or Italy) Larson's products will be cheaper on global markets. Under this scenario, Larson would be forced to finance its operations entirely from ongoing cash flow. It would also see a slump in the strength of the battery industry. If the industry slumps, this may bring about the oligopoly scenario from Milestone 2. At present, however, a credit crunch would simply limit the amount of R&D that
It is worth noting that two economic consequences are likely to occur, particularly in the event of a V-shaped recovery. The first is that the Federal Reserve is going to wait to increase rates until the last possible moment, in the hopes of spurring greater investment and therefore job growth. This means that inflation is expected at some point this year. This inflation means that factor inputs will increase in
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