Economics - Research Paper by Mister s

TOP ESSAY WRITING SERVICES REVIEWS


Rank
Service
General
Prices

1
  • Since 2008
  • Free revisions
  • Money-back guaranty
  • Up to 5% for the first order. Up to 15% for the orders starting from 2nd

from $9.97/pp

visit site

2
  • Since 2009
  • Free title page, revisions
  • Discount policy
  • Satisfaction guarantee
  • More than 100 000 orders delivered

from $9.97/pp

visit site

3
  • Since 2010
  • PhD holding authors only
  • SMS notifications & VIP support
  • Discount policy

from $22/pp

visit site

4
  • Since 2010
  • 24/7 support team
  • More than 500 writers
  • Money-back guaranty
  • Up to 15% discounts

from $9.97/pp

visit site

 

My Account
Anti Essays

Welcome

Anti Essays offers essay examples to help students with their essay writing.

Sign Up

Economics Essay

Open Document

Below is an essay on "Economics" from Anti Essays, your source for research papers, essays, and term paper examples.

Bibliography- Pepitone, Julianna. Oil Plummets On Global Demand Report. 11 Feb.. CNN. 1 Mar. 2009.

Summary:
The Global Demand for oil has fallen sharply in the months from Jan to Feb. The Global decrease in demand is crucial to our economy because the previous prices were crippling the citizens of not only the U.S but other nations as well. Too much production of oil caused an almost inflation effect and the crude oil prices took a sharp hit. The International Energy agency estimated about 84.7 million barrels will be produced a day through out the month of February, this number is down 570,00 barrels from January. The I.E.A is also expected to declare 1,000,000 barrels a day over the year, a drop of about 1.1%. This sudden loss in demand has caused the price of crude oil to drop 1.61 a barrel to 35.94. This current price is way down from the 147.27 prices it achieved in July 2008. The steep drop in gasoline prices most likely occurred due to concerns of a recession occurring with in our country. The absurd prices that people were paying at the gas pumps was taking away from income that people could be putting into the economy. A bad U.S economy means a loss of money through out the world and main oil suppliers finally took note of the toll that gas prices were having on the pockets of Americans. The prices were becoming so out rages that the demand dropped drastically, people couldn’t afford it. The demand of oil dropping, along with the oil reserves beginning to stockpile the price had to drop and the output had to decrease. The decrease in supply traditionally means higher prices since when something is considered scarce the value of that commodity increases. Same as with Gas, so the oil company’s thought is that by decreasing the out put the demand of oil will increase as will the prices and there profit. Opec is expected to cut the production of barrels to 2.2 million a day through out January and...

Show More


Related Essays

Citations

MLA Citation

"Economics". Anti Essays. 22 Nov. 2017

<http://anties.wressy.com/free-essays/Economics-51989.html>

APA Citation

Economics. Anti Essays. Retrieved November 22, 2017, from the World Wide Web: http://anties.wressy.com/free-essays/Economics-51989.html