Expect ol prices to increase over the next decade

Reference no: EM13152400

We can expect ol prices to increase over the next decade. First, oil reserves are steadily dwindling. As oil producers have to use more expensive technology to locate oil and bring it to the surface, it will cost more.Productions will be hampered because of political stability in Iraq. Russia has large oil fields, but it's pipelinesare decayed and will take years to replace in order to develop an efficient delivery system. Second, demand is rising sharply through out the world. India and China are booming. They are increasing their industrial production, and hundreds of millions of their citizens are becoming consumers. China, for example, has seen a surge in two-car families, something that was almost unheard of just ten years ago. With a growing demand for a limited amount of oil, petroleum prices will definitely rise.

Reference no: EM13152400

Questions Cloud

What is the first thing you would do : Read the following scenario and then answer the following questions: a. What is the first thing you would do? b. What steps might you take to assist in resolving the conflict? c. What can you do in the future to help alleviate these types of conflict..

What''s next for nuclear : According to "What's Next For Nuclear?" by Katie Huckfelt, nuclear power is imported in the past, and future to make a good power. Even though nuclear (power) is the first step to both increasing and improving the technology, there is also disadvanta..

Should smoking cigarette very bad habit-argumentation essay : My essay topic is "Should smoking cigarette be a very bad habit?" Could someone please give me your ideas about that topic. I will rate you well

English instructor have required us write comparison essay : My English instructor have required us to write a comparison/ contract essay. He told us that we can choose anything to compare and the essay must have 4-5 paragraphs. But I haven't had much experience about this kind of essay, so I need to read seve..

Expect ol prices to increase over the next decade : We can expect ol prices to increase over the next decade. First, oil reserves are steadily dwindling. As oil producers have to use more expensive technology to locate oil and bring it to the surface, it will cost more.

Research and argumentative paper on music piracy : I'm writing a research/argumentative paper on music piracy and I was wondering if anyone could give me ideas on a creative title for the paper?

Tetragrammaton-name of god : I am doing a research paper on the Tetragrammaton (Name of God). The Tetragrammaton is IHVH. IHVH is pronounced Yod He Vau(Vaw) Hay. I wanted to research the history of the word, it's role in society, reality, mind.

Citation and style : Is it ok to proceed like this The author explains that a device "controls the flow of so and so ..." (author, 2010) I mean ... can I write my own sentence and complete it with a phrase/excerpt of a source; the way I did above. even though the sentenc..

Contemporary event or case that related to the ethics : I need to write a paper on a contemporary event or case that is related to the Ethics in the field of Engineering. I'm not very aware of the news, so I don't have ideas to write about.

User Account

All Pages