Order
 

1(888) 302 2271 1(877) 741 7256

Essay

Forecasting Oil Price and Demand

Essay specific features

 

Issue:

Business

 

Written by:

Michael B

 

Date added:

February 21, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1268

 

Was viewed:

1021 times

 

Rating of current essay:

 
Essay content:

On a single day, say 1 Nov 2006, the demand would be 86.5 million bpd (barrels per day). Year World Population (Millions) Billion barrels Consumed Per Year World (bcy) barrels/capita per year Price/barrel 1986 4890 22.54 4.60 $ 32 1989 5150 24.04 4.67 $ 32 1992 5400 24.43 4.52 $ 29 1995 5610 25...
displayed 300 characters

Custom written essay

All essays are written from scratch by professional writers according to your instructions and delivered to your email on time. Prices start from $10.99/page

Order custom paper

Full essays database

You get access to all the essays and can view as many of them as you like for as little as $28.95/month

Buy database access

Order custom writing paper now!

  • Your research paper is written
    by certified writers
  • Your requirements and targets are
    always met
  • You are able to control the progress
    of your writing assignment
  • You get a chance to become an
    excellent student!

Get a price guote

 
 

Hence, for the purpose of estimating the oil price in 2011, we can assume that the supply curve will remain constant and will not shift. Oil - Elasticity of Demand2: Based on various research studies, it has been determined that the oil elasticity of demand is approximately - 0.3. For our estimation for the oil price on 1 Nov 2011, we will assume that this remains constant and it is the whole demand curve that shifts outwards to the right, with the same slope (due to the increased demand as a result of world population growth and a proportional increase in GDP)...
displayed 300 characters

General issues of this essay:
Changes in Supply, Deman and Price Demand Analysis: Price Elasticty Forecasting Oil Price and Demand Price Elasticity of Demand Price Elasticity of Demand Price Elasticity of Demand Price elasticity of demand Price/Income Elasticity of Demand Supply, Demand, and Price Supply, Demand, and Price supply, demand, and price change The Effect of Price Elasticity of Demand in Airline Industry Verizon Wireless - Price of Demand Supply Demand Price Supply, Demand and Price
 

Related essays:

x
Services