Recent Oil Crisis - Oil is the major source of energy worldwide and it is expected to remain so over the next few decades. As the technology is changing our environment nowadays,
Title: Recent Oil Crisis - Oil is the major source of energy worldwide and it is expected to remain so over the next few decades. As the technology is changing our environment nowadays,
Category: /Business & Economy
Details: Words: 1362 | Pages: 5 (approximately 235 words/page)
Recent Oil Crisis - Oil is the major source of energy worldwide and it is expected to remain so over the next few decades. As the technology is changing our environment nowadays,
Category: /Business & Economy
Details: Words: 1362 | Pages: 5 (approximately 235 words/page)
Oil is the major source of energy worldwide and it is expected to remain so over the next few decades. As the technology is changing our environment nowadays, oil has done it in the 20's and 30's. Ever since, then crude oil has become the main "raw" material in every economy no matter it is a developed one or it is in the developing process. The changes in the prices of the crude oil are …showed first 75 words of 1362 total…
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…showed last 75 words of 1362 total…the oil crises, but the actual statistical facts are telling us that the dilemma can only be solved in these two institutions.
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**Bibliography**
Work Cited:
Mankiw, Gregory "Macroeconomics", 4th edition Copyright 2000 Worth
Publishers: 249:253
http://www.economist.com by Wallace, Stuart. "Crude Oil Rises as OPEC Seen
Cutting Output to Protect Revenue." Date: 1/15/01
http://www.opec.org "Why You Pay so Much for Gasoline and Other Oil Products".
Date: 12.20.00
http://www.economist.com "Whither" Date: 1/15/01