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Exxon Mobil
Essay specific features
Written by:
Angela C
Date added:
February 5, 2015
Level:
University
Grade:
A
No of pages / words:
4 / 1084
Was viewed:
10060 times
Rating of current essay:
Essay content:
Another problem a new company would face, is receiving permission to develop oil in a foreign country. Because of the amount of money involved in oil, countries tend to produce oil on their own, rather than share the profits. The large investment in capital and the political connections needs to enter the industry, make it almost impossible to start a new oil company...
displayed 300 characters
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In the industry, suppliers have all the power. There is no international trade commission, so oil can be dispersed at any pace and be sold at what ever price suppliers want. The inelasticity of oil and the constant fear that oil is on the verge of running out, gives suppliers absolute power in the industry...
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