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Essay

How oil price affect world economy

Essay specific features

 

Issue:

Business

 

Written by:

Francisca S

 

Date added:

February 17, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1222

 

Was viewed:

3544 times

 

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Essay content:

From the supply side of view, the OPEC is the main producer, being prepared to add or subtract production to balance demand. Moreover, Russia is another major producer of oil in the world. They usually produce more when demand more and subtract when demand reduce to control the price of oil. Anyway, speculator is another factor we have to consider in short run...
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Anyway, speculator is another factor we have to consider in short run. From demand side of view, every country is trying to reduce the consumption on petroleum, the government use tax strategy to control the oil price. Further more, government strategic oil reserves have to be considered as a factor which causes oil supply shortage...
displayed 300 characters

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