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got Those Opec Blues Again" And "rational Exuberance
Essay specific features
Written by:
Sheila G
Date added:
July 1, 2016
Level:
University
Grade:
A
No of pages / words:
3 / 765
Was viewed:
8585 times
Rating of current essay:
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...
displayed 300 characters
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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...
displayed 300 characters
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