Papers on "High Oil Prices" and similar term paper topics

Paper #063950 :: High Oil Prices
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This paper analyzes the reasons for high oil prices in the international oil market and the future of this situation.

Written in 2006; 3,940 words; 10 sources; APA; $ 107.95

Paper Summary:

This paper demonstrates that the oil prices are not only closely linked to the policies and capacity utilization of OPEC but also are a consequence of Iraq war, increasing demand, reduced supply and speculation such as oil futures. The author concludes that oil prices are likely to stay relatively high in the coming years because of capacity constraints due to low investments made in the late 1990s, lack of a healthy investment climate, greater competition among consuming countries to secure flows and geopolitical risks. The paper stresses that the world has to learn to live with the increased prices of oil by (1) improving the investment climate for capacity enhancement in oil-rich countries and (2) reducing oil intensity by means of shifting away from oil to some alternative fuels especially because the oil reserves are not likely to last longer than 40 years. Many figures and charts.

Table of Contents
The Iraq War
Demand
Supply
Speculation
(3) Is the Price-Rise Going to Stay?
Demand Factors
Effects on Global Economy
OECD Countries
Developing Countries
Supply Side Factors
Conclusions

From the Paper:

"In August 2004, International Energy Agency reported that world oil demand was increasing faster than any other point in the last 16 years. It attributes the increase in demand due to rapid economic expansion in various countries, particularly China and India in Asia. China was only second largest consumer of petroleum products behind USA. The demand for oil is increasing sharply led by US, China and India, and in absence of corresponding increase in supply, price of oil is bound to rise. In the last decade, the consumption of oil and gas has increased by over 70% in Asia-Pacific Region vis-a-vis 15% in the rest of the world. During 2003-04, China consumed more oil than expected. There was more than 40% increase in the consumption by China over the previous year. Similarly, USA's import increased from 4.22 billion barrels in 2002 to 4.49 barrels in 2003. India's import of oil has increased from 1.1 million barrels per day in 2000 to 1.4 million barrels per day in 2003 (27% increase)."

Tags: utilization iraq-war speculation investment alternatives

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