http://news.bbc.co.uk/2/hi/7048600.stm Wednesday‚ 2 January 2008‚ 22:36 GMT What is driving oil prices so high? Oil prices have hit a record high at $100 a barrel. Prices have doubled from the rates seen in January 2007 and more than quadrupled since 2002. What factors are causing this unremitting increase and what are the likely consequences for consumers and the global economy? What is causing the latest price spike? This was triggered by concerns about violence in Nigeria and Algeria as well as the
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The Internet in our lives The Internet has always made our lives easier and faster since it was invented. While some people think that the Internet is harmful or dangerous invention especially for children and teenagers‚ other people debates that the Internet now is functional‚ because they use it in the most their needs. This essay will discuss why the internet is a good invention and useful for humanity. There are many reasons why the internet should have more security. First of all‚ the internet
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Petrochemicals prices climb 2% in December on tight supplies LONDON‚ January 9‚ 2013 - Prices in the $3-trillion-plus global petrochemicals market climbed 2% to $1‚350 per metric ton (/mt) in December‚ according to the just-released monthly average of the Platts Global Petrochemical Index (PGPI)‚ a benchmark basket of seven widely used petrochemicals. This follows a drop of 2% in November. But on a year-over-year basis‚ petrochemical prices were up 16% from the December 2011 average price of $1‚161/mt
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Running head: CHANGING OUR LIVES “Changing Our Lives” Strayer University ENG 090- Fundamental Writing November 13‚ 2013 CHANGING OUR LIVES A Meaningful Journey Making this decision to attend college to obtain a degree was a battle of thoughts in my mind. The question of being forty-two years of age pondering if I was too old to fulfill this passion‚ thinking time has passed me by. I feared starting something that I would not complete‚ just like all
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Lower Oil Prices - Not a Good Sign! Posted by Gail the Actuary on July 5‚ 2012 - 9:58am Topic: Economics/Finance Tags: debt default‚ default‚ high oil price‚ low oil price‚ oil prices‚ recession [list all tags] Are lower oil prices good news? Not really‚ if it means the world is sinking into recession. We know from recent past experience and from common sense that higher oil prices are a drag on oil importing economies‚ because if more $$$ are spent on the same amount of oil‚ there is less to
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In present times‚ stress becomes intertwined with people’s lives and so people cannot avoid it wherever they go. Many people are faced with it in workplace‚ home‚ school or way. Stress is a condition experienced when people believe that they cannot cope with the physical and psychological demands. There are many causes of stress in our lives and these are defined as stressors. Stressors generally lead to negative stress because people cannot their demands. For example‚ when a person is in traffic
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CASE STUDY: AFTERMATH OF OIL PRICE ROLL BACK INTRODUCTION OF THE PROBLEM The Department of Energy (DOE) and Department of Trade Industry (DTI) had a recent investigation regarding the oil price in our market. They found out that the oil price is in need to be lowered in accordance in the changes in the International Market of Oil. The investigation shows that the price of oil is higher than it should be. The BIG 3 key players in our oil industry namely‚ Petron‚ Shell and Caltex as a response
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Crude oil is one of the world’s most important natural resources. Over the past six decades or so‚ crude oil – because of the products derived from it‚ has become highly indispensable in our everyday lives. Despite being a non-renewable resource‚ it is still used extensively in power generation. It can be argued that industrialization owes its development to crude oil. Even though efforts are ongoing in the search for alternative fuels‚ as of today there is no effective substitute for oil. This
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FOR BUSINESS SID: 1210497 Explain why the introduction of a minimum price above the equilibrium price reduces social welfare In a free market demand and supply alone determine the price. This means that quantity of demand and quantity of supply equate at this point is where the price is set which is therefore called equilibrium price. (Griffiths‚ 2011)
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Our planet Earth is unique in the solar system because as far as we know‚ life can exist only on Earth. Since life evolved‚ many processes have been taking place. Many elements have been present on Earth. Mankind has always had the thirst to find out why and how things happen. Mankind started to learn and research new and new things and thus the way of living started to improve. Science is the study of things. There are many branches of Science like Nature Science‚ Physics‚ Biology‚ Botany and many
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