Essays on Oil

An essay exploring the effect of the macroeconomic environment in Italy and Russia as it relates to Proctor and Gamble’s international economic activity. Procter and Gamble [P&G] is the world’s top producer of household products. P&G manufactures a wide range of products from toilet paper and sanitary products to food and cleaners. It can be said that the company produces everything a consumer could need to stock their homes comfortably. June 2014, P&G reported over eighty-three million dollars in revenues during that fiscal year (MarketLine, 2015). P&G’s headquarters are located in Cincinnati, Ohio but the massive ...

The oil on canvas” The Grand Canyon of the Yellowstone” is mounted on aluminum and displayed in Smithsonian American Art Museum. The museum at Yellowstone National Park's archives collections of different artists, including Thomas Moran. Moran was born in England in 1837, and his family moved to Philadelphia later 1. He began his artistic training in an under a wood engraver. Later he shifted to a full-time painting career. He soon established himself as a renowned painter and illustrator. The essay makes a formal analysis of the colorful and magnificent artwork by Moran- “The Grand Canyon of the Yellowstone” ...

The natural resources like oil and gas are of great importance for any country, as the drive the plants, heating and so on. This market though important is very tricky and it take much effort and resource not only to enter it, but to stay. Exxon Mobil is one of the biggest international corporation in a gas and oil fields. To ensure stability, promote growth and avoid potential dangers it is essential for any companies to be prepared, thus different analysis like SWOT, PEST and STEEP are performed, to evaluate the current situation in the company and on the ...

International Baccalaureate Internal Assessment Economics HL

International markets are quite dynamic given that many demand and supply factors come into play in the determination of market prices. Countries depend on international markets to trade surplus commodities in an effort to earn incomes which are not only used to power economic development but also acquire goods and services these countries demand. Venezuela for instance, is a nation with huge oil and gas reserves and as such, has benefit from favorable international market prices for both oil and gas (Al Jazeera Media Network). This was especially the case when the international price for crude oil rose sharply ...

Natural resources

Switzerland: limited mineral resources. No coal, small amount of iron and manganese deposits. Building stones (granite, limestone), timber, salt are only appropriate for commercial usage. Waterpower – main natural resource (hundres of glaciers). 11% of land – agricultural usage, 30% - covered by forest.

Barbados: gas, petroleum, fish.

Similarities: Both of countries don’t possess a lot of natural resources. The countries’ sizes are small (Barbados is much smaller). Both of countries have recreational resources and attractive for tourists.

Differences: Mainly mountainous landscape in Switzerland, more plains in Barbados.

Population Switzerland: population – 8 066 224, 3 966 991 males (49.2%), 4 099 233 females (50.8%), 8976 births (2016), 8213 deaths (2016), 1215 net migration (2016), ...

Part 1: Broken Rainbow

The Broken Rainbow is a movie that depicts the displacement of the Navajo people in Arizona by the government of the United States (Maria and Victoria 1). This displacement followed the occupation by the Navajo of a land that had the potential of producing coal, oil and generating electricity.

The power plants

The power plants were built to ease the concerns of the people of California that had rejected the idea of sharing the water of river Colorado. Arizona politicians adopted the Central Arizona Project that led to the construction of power plants in Page and Laughlin. A lot of water was ...

Microenvironment Analysis

Political environment: The government of the country is making significant efforts in building strong political and economic ties with other countries. The country is supporting the international community for the attainment of well-being and safety of people and has good relation with all countries almost. The political environment in the country for business is good, as the government has taken initiatives to diversify the economy at a higher level. In 2010, the government announced $130 billion monetary packages to spend until 2015 with the aim of boosting the private sector participation and foreign direct investment. The purpose of encouraging ...

Analysis of the President’s Obamas Iowa Victory Speech

President Obama’s Iowa Caucus victory speech was an inductive argument predisposed on a given number of premises. These premises held the note of his speech and kept the public into a belief that his premise would be fulfilled upon assumption of Presidency in the USA. In as much as this speech was anchored on giving gratitude to the Iowa delegates and citizens for overwhelmingly endorsing his candidature as a Democratic presidential torchbearer, it was deeply entrenched on the following premises:

Abolition of tax breaks for companies that ship American jobs of overseas, and instigate a middle-class tax cut, ...

Background of Study

Every business provides a service or products in a given industry. For a business to survive and grow, it needs to expand its share of consumers in the market within which it operates. There are several tools that are utilized to examine and review a given market. This includes the Porter’s Five Force analysis which examines and critiques the key players that can influence a given industry and the relative strength of each group to dominate and control the market. This competitor analysis method defines the extent to which the players will change and influence the industry in ...

Energy production has experienced numerous landmark changings thought the century. Although there is no perfect solution found in terms of satisfying the needs for energy resources and mitigating its environmental and social impact, hydropower generation is considered a renewable energy source and alternative to fossil fuel combustion. Hydropower generation has experienced significant advancement throughout its history. However, the principle of its work is rather comprehensive. The energy of falling water is employed to turn the turbine, which is connected to the electricity generator. Furthermore, electricity is supplied through grids to industrial or domestic units. In most cases dams are ...

This paper would be dedicated to the assessment of the Oil Price Change from two opposite perspectives - the one, offered by Michael Levi (Bloomberg News) and opinion of Mr. Horsnell, a veteran oil analyst. In this paper, it is essential to consider the change in oil prices from retrospective - as the significant increase in oil prices has taken its place on Feb. 1, 2011, - as it has reached more than $100 a barrel. For the timeframe of several years, this rate was kept almost unchanged; there were only few dramatic ups and downs, which, in turn, ...

Abstract 2

Executive summary 3 Introduction 4 Literature Review 5 Nanotechnology in Medicine 6 Drug delivery systems 7 Applications 8 Other applications 8

References 9

Abstract Despite the fact that nanotechnology is a relatively novel technology, its applications are already widespread including: secure, clean and affordable energy; medical drugs and inventions for early detection and treatment of various diseases; lighter, stronger and more durable construction materials; energy efficient lighting, adequate sensors capable of detecting hazardous biological or chemical agents, clean and safe drinking water through application of effective filters Executive summary The application of nanotechnology is widespread given the numerous advantages and benefits ...

My article appeared in The Nation magazine in December of 2015 and is entitled “The Oil Price Plunge.” I selected this article in order to better understand the macroeconomic effects that oil shocks may have (“The Oil Price Plunge” 5). This article defines the two major ways oil price movements can affect the macro economy. One common explanation holds that oil price increases can inhibit GDP growth by raising production costs. Alternatively, big oil price changes (either in the form of increases or decreases) may adversely affect output by causing a delay in business investment because of raising uncertainty. ...

Why the article was selected

The article was chosen because it seeks to address some major concepts of the macroeconomics theory of demand and supply of goods related to oil market. The article also explains the economic role of the government that is associated with the market. It is aimed at addressing how the power of demand and supply of tight oil can affect the dominance of a country among its competitor.

Articles main points

The article addresses the issue of the booming of tight oil, it claims that the availability of the tight oil in the US will affect it is several ways. One of the ...

A life without energy is impossible. Energy exists in many forms such as light, electricity, heat, and mechanical energy. The conventional sources of energy, such as oil and coal, are the main contributing factors to global warming. Additionally, the widely used fossil fuels are non-renewable and exhaustible. Alternative energy sources can replace the existing conventional energy sources. Wind and solar are the most abundant forms of power in the world. Furthermore, both the wind and solar energy serve as alternative energies that do not involve the use of fossil fuels.

Alternative energy sources are good for the environment because ...

Problem Definition

Victorinox became the largest manufacturer of Swiss Army Knife as well as the key player in the sales of Swiss Army Watch after acquiring it main competitor Wenger SA in 2005. The CEO of the company, however, needed to find a way in which the company’s new venture into fragrance business, also acquired from Wenger SA, would gain a competitive advantage in its new market. He, therefore, gave Urs Wyss, the head of marketing for the company, the responsibility for assessing how best to run the newly acquired fragrance unit. Some of the questions the manager was to ...

Inflation and its Impact on Gas Prices

Inflation and its Impact on Gas Prices The American economy has experienced several changes over the past two and a half decades. Since the 1990s, the economy has experienced rising and dropping levels of inflation, which has, in turn, resulted in uneven changes in the prices of different commodities including gas. The average gas price in 1990 was $1 per gallon and has been rising since then with the highest price of $3.53 per gallon being noted in 2011 (Avro, 2012). In between the years, the price has dropped but has not gotten to levels of as low as $ ...

Report 2

The global oil industry is currently reeling under the pressures of low prices brought about by an oversupply of the commodity. There have been worries among green energy supporters that the historical lows could bring about a decrease in the development of alternative energy sources. This short report seeks to argue that the low prices may indeed result in more emphasis towards the development of alternative energy sources. As Suzanne Goldenberg provides, the world’s net oil exporters are at the fore front of investing in alternative energy sources, more so, renewable energy sources like solar as well as ...

The sun holds immense energy that is yet to be tapped. It is estimated that the suns energy could be able to power 1000times of the worlds desired energy needs. Methods of utilizing this energy being devised could be the solution to all our energy needs, like oil, and could be the gateway to the future. Sol-U-Go is a new automobile manufacturing company that is harnessing solar energy to power their new automobile machines. With the plummeting prices of oil and its environmental pollution, solar power presents itself as the more affordable environment safe alternative. Sol-U-Go automobile company targets ...

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Turbine Engine Lubrication: A Vital Function

Turbine engine has high rotations per minute (RPM) and generates large energy due to compression. The rotating components in the turbine engine (Engine Bearings) must be lubricated at all times for smooth functioning of the engine. The lubricant must flow across the bearings at high pressure (Ehlert, 2011).

Background - Turbine Engines

A turbine is a machine utilizing a rotor or a wheel to produce power that is generating by the motion of the steam, water, air, gas or any fluid. The flow of the gas or the liquid rotates the ...

In 2008, the United Nations Security Council (UNSC) unanimously adopted a resolution to protect Iraq’s assets from any international threats stemming from Saddam Hussein’s era (MacFarquhar, 1). Such assets included oil, Iraq’s main asset, and other revenues from the country’s international trade. Given the precarious state that the country was in at the moment, it was necessary for the country to receive such protection or else it could be hit by a humanitarian crisis. It is estimated that Iraq has 144 billion barrels of oil hence making oil account for approximately 90% of revenues (MacFarquhar, ...

Final Project

Introduction In this paper we will describe and demonstrate the application of statistics and probability theory to a real world problem. Our goal is to examine the relationship between historical gold and crude oil prices. In order to do this, we access the historical data of oil and gold prices on a yearly basis and use statistical tools to examine the data. We start from descriptive statistics and scatterplot and then perform correlation and regression analysis to find out the relationship between the two given prices. The summary of the project is given in conclusion section.

There is a ...

Abstract

The following will examine the environmental policies and activities practiced by Nostrum Oil & Gas (previously known as Zhaikmunai LLP) and how well they conform to the ISO 14000 voluntary environmental management standards created and published by the International Organization for Standards. Nostrum Oil & Gas is located in the UK and is listed on the London Stock exchange, but has most of its facilities in Kazakhstan. It concentrates on oil and gas exploration and production. Like many other corporations around the world, Nostrum Oil & Gas is attempting to ensure that it's corporate activities are socially sustainable and environmentally sound. The ...

Upon reading the two articles, the reader can infer that both articles feature the same scientific research, which is the engineering of Escherichia coli bacteria such that it can produce biodiesel directly from sugars and hemicellulose. The original research was published as a letter in Nature while a news article featuring the research was published within the same volume. As usual, the letter was authored by Steen et al. (559-563), the team of scientists who did the research, while the news article was authored by an outsider, Jeff Tollefson (409). Although both articles feature the same scientific research, their ...

Abstract

Crude oil has been refined to make such fuels as diesel and petrol as well as industrial chemicals and lubricants. Transport activity, as a core element of economic development and a precondition of human welfare, is increasing across the globe with the growth of economies. Transport predominantly relies on such fossil resource as petroleum. The literature relevant for this study can be divided into two parts or strands: one that focuses on the demand side and another one that gives analysis to the oil market by focusing on the supply side. This paper absorbs the ideas of both strands ...

Benefits resulting from Due Diligence for Responsible Business Report

CSR generates benefits for a business internally as well as for the external stakeholders. However, it is challenging to monetize the benefits of the CSR since much of the benefits are only visible in long run. In addition, the challenge comes from the fact that they are indirectly led to by the positive changes of the CSR (Sino-German, 2012). On the other hand, whether firms are likely and able to practice the CSR is highly dependent on their managers’ incentives as well as constraints that are in turn determined by their preferences, contracts, ethical beliefs and objectives. The major ...

3 Key Takeaways: 1. Year 2015 started with Middle East violence, as well as oil price reduction and there is a chance that the situation will not change towards these issues. However, low price for oil may negatively influence the economy of resource-rich countries. According to the annual Political Risk Map, only 7 out of 163 developing countries succeeded to reduce the political risk. And 12 countries will face pressure in 2015. Roubini Global Economics has developed 9 categories of risk to evaluate the political and economical situation of the country. The categories include violence, foreign currency exchange, law ...

British Petroleum (BP) is an energy company, ranked as the third largest in the world. It undertakes oil exploration, refining, and the sale of oil products. The energy industry exposes the company to numerous risks and uncertainties in the exploration, extraction, refining, and sale of products (Bamberg, 2000 p.34). BP has however managed to maintain its top position in having a 100% oil reserve replacement for 17 years. Despite the efforts to maintain safety precautions, unfavorable events have followed the company’s operations. One instance is the explosion in the Gulf of Mexico where the company was drilling in ...

Examining competitive advantage

Introduction Over the years, nations across the world have been trading together due to the fact that one nation cannot entirely depend on itself. It is from that theory that the international trade emerged. Nations have increasingly become interdependent as they try to balance between the exports and the imports in terms of goods and services. The theory of competitive advantage has made the world market produce quality goods and services at a reduced price. More technological advancements has also made the world markets to advance, this has led to the emergence of open trade in which a business ...

The paper will focus on economic approach of examination of two different jurisdictions over the oil reserves in two different countries. The comparison between Alberta and Norway in the oil reserves will be made. First the approach of each country will be presented and basic statistics. What effect did policies had on the recent downturn in oil prices and which policy and strategy can better work on the long turn will be answered. The difference between the countries is in the ownership. Norway natural resources are in the majority the property of the government and in Canada the ownership ...

Population pyramids are a useful tool for analyzing the population’s age and gender structure. The countries with the rapid population growth have more young people than elderly people. On the contrary, the countries with the slow population growth tend to have a large number of elderly people (Rowntree 23). Sometimes the population pyramids have a very unusual pattern which can be explained only by means of the analysis of the country’s past history and socio-economic development. For instance, in Figure 1 one can see the population pyramid for Qatar in Southwest Asia. There are much more males ...

Basic Information

China’s full country name is the People’s Republic of China lying on a land area of approximately 9.6 square kilometers, which is its mainland alone. The country’s capital city is Beijing-with, a population of approximately 13.8 million people. Overall, the country’s mainland has a population of around 1.25 billion with a Gross Domestic Product (GDP) per head of US$ 3600-indicating a growth rate of 7.8% (China-travel-tour-guide.com). China's composition has 56 tribes with the Han people contributing to 91.02% of the total population while the other 55 minority ethnic groups occupy the remaining 8.98% (China-travel-tour-guide.com). Various ...

(Author, Department, University,

Corresponding Address and email)

Abstract George Washington was the first president of the U.S. There are many portraits of Washington. Some of them are well-known while others are less-known. “George Washington Miniature” is an investigative documentary on a historical point, i.e. tiny colored painting of a man, who is labeled as “G. Washington.” It was a less known painting. On the back of the painting, it was written, “Property of White Matlack. New York, 1790.” This painting was present in a Manhattan’s old building. Wes Cowan, who was a host of "History Detectives" investigated the painting in 2009. He ...

The first article that was chosen for this assignment is called “China Passes Mexico as the Top Source of New U.S Immigrants” (Shah). Nowadays immigration is one of the most important topics around the world, especially in Europe and in the U.S, since immigration affects economy, politics, social welfare, globalisation, and so many other things. The article focuses that nowadays there are way more Chinese and Indian immigrants who are coming to the United States, rather than Mexican. According to Neil Shah who is the author of the article, in 2013 “China was the country of origin for 147.000 ...

The 2015 KIA Optima Hybrid

The 2015 Kia Optima is a hybrid mid-sized sedan that has some stylish appearances, a vast array of features and an excellent trim on the cabin. The main advantages of the sedan are its wide range of features and easy to use controls. The crash test scores are also top, and the warranty is lengthy boosting consumer confidence. The car is equipped with four-wheel antilock disc brakes, traction and stability control, side and curtain airbags. The rear side has a camera, parking sensors, cross-traffic alerts and blind spot monitoring system for safety. Roadside assistance and automatic collision notification system ...

1. Is $1 per gallon gas likely? Why or why not? What are your thoughts? There are certain factors lowering gasoline prices in the US. The main reason for gasoline prices decline is a global oil glut happening due to the recent start of oil export from US, stable oil production in Saudi Arabia despite declining prices and cancellation of Iran oil export embargo. All this consequently led to drop of oil prices globally. But nevertheless the $1 per gallon of gasoline seems unlikely now, because the other factors influencing its price like the cost of gasoline production and ...

Through the application of economic theory along with quantitative methods in the examination and the classification of the economic as well as institutional dynamics, Bahrain falls in the category of nations which observe the Open Access Orders framework. Some of the characteristics of Bahrain that makes her fit in this category include the steady economic development and advanced long term expansion, which relies on the productive petroleum sector as well as the tourism and investment industries. Besides, Bahrain also prides herself with citizens from diverse cultures and stable institutions, which promotes the civil and social wellbeing of the citizen.

Violence in Bahrain often takes place in the form of demonstrations by the members of

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This performance evaluation is based on the observation of irresponsible behavior of some employees in an oil and gas company, regarding health and safety Rules and regulations. A group of employees in drilling department has been found to not follow the health and safety procedures while performing their job tasks on the drilling sites. As a result, the health and even life of other employees as well as their own lives are put to risk due to non-compliance to the health and safety standards. The problem has been reported to the human resource and operations manager. There are various ...

Flynt Leverett and Pierre Noel in their documentary titled,” the new axis of oil” the national interest discuss a wide range of issues that affect production, distribution and consumption of oil in both the oil and the no oil producing countries. The first topic; commonly referred to as “The Black is the New Green”, forms the benchmark of these two authors, and this directly relate to the high consideration given to oil by most countries. In fact, oil has become a black gold, and its exploration is associated with vested domestic and national interests. USA is a big player ...

PART A (1000) In the online trading we have chosen three different contracts copper and natural gas and corn giving us a well balanced portfolio. Below is a clear explanation on each commodity traded in the Plus500 platform.

COPPER

Copper is considered as one of the oldest metal. This metal has a huge future predicted price as emerging markets opens up to increase their consumption levels. To date, the greatest consumers of this metal are the developed nations. The recent demand hike witnessed two years ago was a result of demand opening up in China and India. The greatest supplies ...

Managing Organization Change

An organization’s existence and operation are always influenced and shaped by different environmental drivers that surround it. These drivers may have their genesis within and outside that particular organization. The sensitivity or insensitivity to these environmental dynamics may contribute to the survival or the fall of an organization respectively (Dixon & Day 2010, p. 275). The institutional environment is always changing with time and knowledge advancement. What may have worked and led to success in a given organization at one point may become outdated and obsolete. Failure of an organization to evolve in relation to these changes may result ...

In today’s economic and technological climate, the world’s consumption of oil and gas far outstrips our ability to replenish our supply. At the current rate of our oil usage, I do not believe it is possible to maintain our consumption for very long, as it would require the discovery of new fields on par with Saudi Arabia’s current supplies every decade. Even if we were able to find these new supplies and deposits, there is only a finite amount of oil remaining in the world, thus necessitating the consideration of alternative fuel sources. If the developed ...

Crude oil is obtained from layers of sedimentary rock that are formed by materials which are eroded and carried away from the land surface by flowing water bodies. The water flows and drains into oceans, depositing sedimentary rocks in the ocean beds. Pools of crude oil, are present underground, trapped between layers of sedimentary rocks. Crude oil and natural gas are organic hydrocarbons. Petroleum in particular, is a complex mix of organic compound and contains traces of porphyrin. The structure of porphyrin is similar to that of chlorophyll and hemoglobin of plant and animal origin respectively. While natural porphyrin ...

This performance evaluation is based on the observation of irresponsible behavior of some employees in an oil and gas company,regarding health and safety Rules and regulations. A group of employees in drilling department has been found to not follow the health and safety procedures while performing their job tasks on the drilling sites. As a result, the health and even life of other employees as well as their own lives are put to risk due to non-complaince to the health and safety standards. The problem has been reported to the human resource and operations manager. There are various ...

1. Assessing BP response to the Gulf of Mexico oil spill, it can be noted that the BP procedures that were undertaken in the extraction of the oil underneath depict carelessness of the company. Though, BP has already been facing a lot of ethical, corporate and environmental dilemma due to the previous oil spill that has damaged the image of the company. The company has not taken appropriate measures and lacked skills to drill down the Gulf of Mexico. The employee and management in the different headquarter across the globe did not step ahead to take any measures to ...

Introduction

The Modern Green Movement is distinguished by its actions for combating the cataclysmic consequence of climate changes, by conducting global environmental events, conservation of natural resources, preservation of the environment, and overcoming the green gas issues. The consciousness of the people has become more intense now, yet, most of the environmental issues remain unresolved. And the chemically contaminated water and foods, genetically altered seeds, and other problems are putting the daily lives in dangerous conditions. To make matters worse, most of the natural resources dwindle, while the climate change plays havoc. The Modern Green Movement is convincing people, to ...

Introduction

Development has always been a key issue among developing countries in Africa. All countries in Africa are termed as developing countries, meaning that they are still grappling in poverty issues such as food insecurity. These countries are well endowed with vast natural resources which if used wisely would ensure that many of the problems that such countries face would be solved. The problem that makes these countries lag behind when it comes to development is the lack of proper institutions to propagate the needed changes that need to be made (Kumo, 2009). Many institutions that are currently present are ...

Business Intelligence

One of the companies that use data mining approaches is Wal-Mart; the company uses data mining techniques with a major purpose of understanding buying patterns among its targeted clients. In addition, American Express and AT&T are some of the companies that have implemented the use of data mining techniques; they also apply data mining techniques as a means of understanding how consumers behave, hence enhancing their capacities to implement promotional strategies.

Data that the System considers to make course recommendation

The system uses students’ profiles as well as transcripts in order to provide recommendations to the students on the most appropriate course they should select.

The Number of Courses Recommended to Students

The program provides ...

Question 1:

The turnaround change consists in a radical change in the organization, in their mission, vision, and goals to achieve new objectives. The turnaround change, different to the constant change phenomenon as developmental transitions and task-focused transitions. The paradigms of an organization are the current framework where the company is, what is good and bad for an organization is inside the paradigm that influences the organizational climate and the employees behavior. A company with a complex structure and more than 500 hundred employees develop in the time resistance to changes, necessary to the organization to adapt to the changing business ...

27th January2016

The article talks about Canada central bank’s move to keep its interest rate unchanged despite an economic slowdown. The Bank of Canada revised down its annualized growth rate from 2% last year to 1.4% in the first half of this year. The economic slowdown can be attributed to the current decline in oil prices. The central bank’s move to maintain the lending rate at 0.5% is a move seen to encourage more lending by the banks and, as a result, increase spending rates in the country. Oil is a product that has a significant impact on Canada's ...

1. China's economic reform involves a mix of a government planning, intervention, and free market forces. Describe the major elements of these three factors and discuss if how they will likely interact in the future, specifically whether the current balance is sustainable or if one of the three will eventually become dominant over the other. China seeks to modernize herself by focusing on three critical parameters; agriculture, energy resources and communication as well as education and science. The Communist Party of China, which is the ruling party, adopted socialism with Chinese characteristics (Socialist Market Economy) (Liu, 2016). It laid ...

Introduction

“Debt markets are an integral part of the financial sector and effectively supplement the funds provided by the banking sector” (Tariq, 2004, p. 5). In developing markets, these marketplaces are nevertheless at a primary phase of their growth. Islamic rule (Shari’ah) forbids the charging and disbursing of interest. So, in nations anywhere Muslim populace establishes a significant section of the culture, customary debt marketplaces cannot succeed. Henceforth there is a great request and necessity for evolving options to current debt markets that can be satisfactory to the Islamic rule.

IDB Sukuk

According to (Anon., 2016), The Islamic Development Bank is ...

Article Review: Natural Resource Economics under the Rule of Hotelling

In 1931, Harold Hotelling published an economic paper titled ‘The economics of exhaustible resources’ in the Journal of Political Economy. This paper would later go on to shape a whole new field of economics, the economics of natural resources (Gaudet, 2007). Though at the time not taken seriously because economists were more concerned with other much pressing economic issues such as the Great Depression, the paper laid both a theoretical and empirical framework for the functioning of natural resource markets and how to solve pertinent issues in this market (Gaudet, 2007). This framework later became the Hotelling rule. Seventy-five ...

Countries of former USSR

USSR, existed from 1922 till 1991, has occupied almost a one-sixth part of the land and has gathered together more than 100 nations and nationalities, which formed 15 unions and 20 autonomous republics. The collapse of such a large country on the 15 sovereign states became one of the defining events of the 20th century. It has affected not only the political and geographic realities, but also changed the economic situation both in the region and in the whole world. The countries in this region are objectively linked by the neighbor location and common historical development. Moreover, they are ...

“How To Make Sense of Plummeting Global Markets (Irwin)”

This article gives an in-depth look at the macroeconomics of the world. Factors that determine the performance of the global economy like stock and bonds have had poor returns to investors from the start of the year 2016. These poor performances are an indication of harsh times like global recession, which shall be witnessed later in the year. So far, the damage had been experienced on global assets like the dollar index, Chinese stocks, and crude oil. The assets’ market price have taken a decreasing trajectory hence the plummeting global markets (Irwin n.p). Narratives have a way of affecting ...

Cost vs. Price vs. Values Cost vs. Price vs. Values

Introduction

A drought has left a significant shortage of the potato crops, leading to an increase in the prices of the potato. The increased price of the potato has left the company with a challenge of survival as they are running their operations on a small profit margin. Julie, a brand manager at a potato chip making company is left at odds over the decision to add the price of the product or reduce the size of the packet. The management has already given their opinion and approved the reduction ...

Since the start of the industrial evolution, environmental pollution has become an ecological problem around the globe. Most countries are struggling to cope up with the problem of air and water pollution. Clean air and water are the two essential elements needed for the survival of human beings. Unfortunately, water and air pollution have become a major threat to these survival elements, which is endangering the lives of humans globally. According to a report by the World Health Organization, about 1.1 billion of people across the globe cannot have access to clean air and water, and this leads to ...

The Federal Funds Rate Hike

The New York Times, in an article by Binyamin Appelbaum entitled "Fed raises key interest rate for first time in almost a decade" discussed the pronouncement of the Federal Open Market Committee ﴾FOMC﴿ to increase the Federal Funds rate. The decision came exactly seven years after the financial crisis in 2008 when the FOMC reduced its rates to near‐ zero level to prevent the economy from collapsing. The article described the move as signaling the beginning of the end of the Fed 's stimulus program and highlighted the Fed statement that the Fed intends to increase the rates gradually ...

Google has been developing many various technologies that can improve human life and make it easier and handy to use. The company has been present in the market a long time and has so far provided many interesting and useful technologies. With the evolving of sophistication of information technologies the more complex systems are being built for individual usage. Almost everyone on this planet in developed world has the access to the internet or the communication tolls that are sometimes needed in the rear to use the google technologies. The research paper will examine five Google technologies implemented or ...

IT Quality Assurance Research Paper

Introduction An organization is composed of different departments, having varied levels of quality dynamics. Our company, National Petroleum Construction Company (NPCC) appreciates the need to raise the quality levels in the various departments so that it’s at par and in line with the individual companies’ strategic objectives. NPCC is committed to offering in-house applications that aim at raising the mentioned quality levels. This could be achieved through the automation of the processes within the various departments. Besides, automation, NPCC offers web pages applications software using.NET aimed at improving quality at the department level. Improvement in service in the ...