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Essay

The Oil Crisis

Essay specific features

 

Issue:

Business

 

Written by:

Madge B

 

Date added:

January 17, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 997

 

Was viewed:

8413 times

 

Rating of current essay:

 
Essay content:

This is not a supply and demand balance problem. This is not because of fundamental factors.” (1) Is he right? Let’s explore further. The issue appears to be that the markets are worried by a series of risks, in Iraq, Venezuela, Russia, Nigeria, and elsewhere, rather than focusing on whether or not there is truly an oil shortage...
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Are the markets right to be spooked? And if the real risks don't measure up to market expectations, why are they so concerned? First it is worth noting that, despite the headlines, oil is not at historically high prices. The headlines are only justified by ignoring inflation; they are not justified...
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