of fuel is very complex. First‚ what is fuel? It is material such as coal‚ gas‚ or oil that is burned to produce heat or power. And these 3 energies occupy the major parts of fuel use. In the past few years‚ fuel prices went up rapidly. Each country is very sensitive on the price. What causes fuel prices to rise and fall? For instance‚ let us have a look at oil. There are two main reasons - the cost of crude oil and the cost of refined petrol and diesel on the world market. The market is influenced
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FACTS ABOUT PETROL PRICES & THE AUSTRALIAN FUEL MARKET INTERNATIONAL PRICES Crude oil‚ petrol and diesel are different products and are bought and sold in their own markets. Each market is typically regionally-based and there are linkages and transactions between regional markets. Prices in regional markets reflect the supply and demand balance in each market and the physical characteristics and quality of each commodity. Prices in regional markets can be volatile and can move in different directions
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Indian system of effectively subsidised petroleum product prices has significant implications for the emergence of India as a major global energy consumer‚ for the integrity of India’s Central Government budget and for investment in India’s growing oil and petroleum sector. This paper is part one of a broader study that looks at the current system of petroleum pricing and the macroeconomic‚ microeconomic‚ regional and global effects of this system. 2 ©OECD/IEA‚ 2009 A) Introduction
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global market cost. Government can no longer provide more subsidies needed to maintain fuel prices at current levels following the spike in global crude oil prices. Crude oil prices have risen dramatically over the last few years‚ driven by the strong global demand‚ limited spare oil production capacity and continuing political instability in certain oil producing regions. It is also announced that with the money now saved by ending the subsidy‚ government will begin to make public transport cheaper and
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costs of transportation will directly be added in the prices of consumer products. Moreover‚ the high gas prices generally are led by the high crude oil prices‚ and the crude oil is the raw material of most important chemical products such as nylon and synthetic polymers‚ which are inputs of most industry products. Consequently‚ the hike of the crude oil price also leads the rises of the industry product prices. The pervasive inflation is inevitable. Influenced by the inflation caused by the high gas
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1980’s Government and Politics The Reagan Decade. In American politics the 1980s were the decade of Ronald Reagan‚ who was elected president in 1980 and succeeded by his vice president‚ George Bush‚ in 1989. Reagan’s vision of the nation—and to a somewhat lesser extent his conservative agenda—shaped the economic and political fortunes of the United States for most of the 1980s. Malaise. As the decade began‚ Americans were struggling with an image of a country that was no longer the most powerful
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The 1980s saw a revamped economy and a huge change in society‚ unlike any that had been seen since the 1920s. The 1970s left a general feeling of unease‚ which the 80s sought to correct. Because of the new economy‚ the 1980s was a decade filled with luxury and indulgence. The generation following the “Baby Boomers” was dubbed “Generation X.” The 1980s saw “Generation X” turn into the “me” generation. The number of well-educated young people was rapidly growing‚ which allowed for good jobs‚ with
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1980’s Film Jodie Foster was stalked by mentally-impaired John Hinckley‚ who tried to impress the actress by attempting to assassinate Reagan in late March‚ 1981. Along with that exciting news‚ Disney channel was launched in 1983 and the American Movie Classics TV channel (AMC) started in 1984 (National Geographic). Also making its way into the film industry‚ was the AIDS movement through the play production the Normal Heart. One could say that the 1980’s was a big year for movies‚ television‚ and
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First off before you can understand the ideal of conservatism in the 1980’s you need to know what exactly conservatism is. Conservatism is a political philosophy that promotes conserving the government to keeping things as they were in the past. Various presidents in this era have used philosophy as a guide line to run our nation. A list of these presidents includes Reagan‚ and George HW Bush. In the beginning of Reagan’s early pre presidential years he claimed to be a republican but crossed over
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1980s Sports In the 1980s‚ the world of sports was increasing quickly and several games and events were occurring that made it a very unforgettable decade. Countless historical events also occurred in this decade. For instance‚ the Berlin wall was torn down‚ which also shredded many tensions between nations. The miracle on ice and sports icons Wayne Gretzky‚ and Bo Jackson‚ were three elements that made sports in the decade quite popular. To emphasize‚ it could be argued that both Wayne Gretzky
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