got Those Opec Blues Again" And "rational Exuberance

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Issue:

Miscellaneous

 

Written by:

Sheila G

 

Date added:

July 1, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 765

 

Was viewed:

8511 times

 

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Essay content:

OPEC members at this time "pledged to cut back the supply of crude and push oil prices higher." (Business Week, 48) The results were better than most expected: crude oil prices were almost $27 a barrel on November 23, 1999, the highest price since the 1991 Gulf War. (Business Week, 48) The demand for oil is outpacing current supply by 2...
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(Business Week, 49) The rapid increases in prices have had a welcome effect on "Big Oil", however. Companies such as BP Amoco, Chevron and Royal/Dutch Shell Group have posted 15% increases in earnings (Business Week, 49) This trend is expected to continue, with L Bruce Lanni, an analyst at CIBC World Markets Inc...
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