Oil Prices The Effects Of Thesis

Length: 6 pages Sources: 4 Subject: Economics Type: Thesis Paper: #86678855 Related Topics: Opec, Cause And Effect, Sound Effects, Competition
Excerpt from Thesis :

The member nations of OPEC are relatively few, making it easier for them to form a producing conglomerate; the idea of a consumer conglomerate is untenable, as OPEC will always be able to find an extensive enough market for its commodity with other countries not in this conglomerate, and thus they can still control the price.

Conclusion

The oil industry is not fueled by supply or demand so much as it is by the simple motivator of most economic decisions -- greed. Economies exist precisely because there is competition for limited resources. Any more, the resources that are actually necessary for life are not limited in the developed economy." Accessed 1 November 2009. http://www.econbrowser.com/archives/2007/05/new_study_of_th_1.html

Katayama, Munechika. "Declining Effects of Oil=price Shocks." University of California, San Diego. Accessed 1 November 2009. http://dss.ucsd.edu/~m1kataya/paper/OilShock.pdf

Lorde, Troy; Jackman, Mahalia and Thomas, Chrystol. "The macroeconomic effects of oil price fluctuations on a small open oil-producing country: The case of Trinidad and Tobago." Accessed 1 November 2009. http://ideas.repec.org/a/eee/enepol/v37y2009i7p2708-2716.html

Reynolds, Alan. "Oil Prices: Cause and Effect." Cato Institute. Accessed 1 November 2009. http://www.cato.org/pub_display.php?pub_id=3947

Sources Used in Documents:

Works Cited

Econbrowser. "New study of the effects of oil price shocks on the economy." Accessed 1 November 2009. http://www.econbrowser.com/archives/2007/05/new_study_of_th_1.html

Katayama, Munechika. "Declining Effects of Oil=price Shocks." University of California, San Diego. Accessed 1 November 2009. http://dss.ucsd.edu/~m1kataya/paper/OilShock.pdf

Lorde, Troy; Jackman, Mahalia and Thomas, Chrystol. "The macroeconomic effects of oil price fluctuations on a small open oil-producing country: The case of Trinidad and Tobago." Accessed 1 November 2009. http://ideas.repec.org/a/eee/enepol/v37y2009i7p2708-2716.html

Reynolds, Alan. "Oil Prices: Cause and Effect." Cato Institute. Accessed 1 November 2009. http://www.cato.org/pub_display.php?pub_id=3947


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