Category: petroleum

Petroleum is a major economical industry that constantly grows larger and contributes significantly to the growth of the worlds economy. The role of oil and gas has severely increased recently in the world energy markets due to an internal development potential of these products. Petroleum is a matter of current interest of natural sciences and…

Americas overdependence on petroleum products is one of the main reasons for the sluggish economy. The cost of importing crude oil creates a trade deficit, and it increases the debt burden of the United States. Also, policymakers must explore other sources of energy because petroleum products contribute to the degradation of the environment. Government officials…

Executive Summary In todays competitive market, each company endeavors to gain advantages over its contenders. Managing human resources and work environment is paramount to enhancing efficiency and performance. To embark on the issue of fostering creativity and innovation in the workplace, one should consider the key determinants of a supportive organizational culture. The case of…

The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 as a cartel of the worlds biggest oil suppliers to help them to control the oil price and their own share and profit (Mankiw, 2014, p. 356). Nowadays the organization consists of 12 countries: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi…

Outline This essay aims to explain the workings of the OPEC cartel and its activities in the past year. The essay first provides a basic definition of what a cartel is and then gives a short description of the constituent members of the OPEC cartel. The essay then explains the basic workings of the cartel…

This essay is about the continued reliance on Petroleum by the United States and its effects on the US economy between now and 2025. The geo-politics of oil as well as the options before the US in terms of energy transition are discussed here. The base report for this paper is the Global Trends 2025…

Table of Contents Introduction History of OPEC Future of the Organization Conclusion References Introduction The purpose of this paper is to regard the history of OPEC as the organization of petroleum suppliers, represent this alliance as the political power and provide the models of its further development from the context of its necessity and usefulness…

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