Customer center

We are a boutique essay service, not a mass production custom writing factory. Let us create a perfect paper for you today!

Example research essay topic: Exporting Countries Crude Oil - 677 words

NOTE: Free essay sample provided on this page should be used for references or sample purposes only. The sample essay is available to anyone, so any direct quoting without mentioning the source will be considered plagiarism by schools, colleges and universities that use plagiarism detection software. To get a completely brand-new, plagiarism-free essay, please use our essay writing service.
One click instant price quote

The Iran Daily reports on Opec's failure to establish a good link with global trends and the world business trends of Globalization. The Organization of Petroleum Exporting Countries (OPEC) was formed when seven major oil companies had monopolized the oil market in the 1960 s at that time the organizations primary responsibility was to insure the rights of crude oil producers worldwide. Today OPEC has 11 countries as members and supplies more the 40 % of the worlds oil and maintains 78 % of the reserves. OPEC has been instrumental in creating agreements with the world trade organization on strategic policy for trade and tariffs that insure that oil producers achieve a reasonable rate of return and that stable supplies of oil for is available for consumption. The Iran Daily newspaper printed that the price spiral is a direct reflection of OPECS inability to keep pace with Globalization. OPEC was established 40 years ago and has proven itself slow for adopting policy.

These policies and guidelines that it does adopt seem to depend solely on the contribution and growth of the international economy only. Today OPEC policies do not directly support the concept of convergence, which is now a distinguished part of the global economy. The concern is that the market requirements have changed. With the on set of technology advances and corporate mergers OPEC production and sales policies have are not meeting the demands of this global market. It is important to mention that no international organization has the ability to declare policy on its own. But one of sole Opec's objectives is to draft and purpose policies that will stabilize the oil market.

It is also note worthy to mention that oil prices are also rising because of the high cost cleaner-burning gasoline that is required in many cities. Oil companies are using this as a excuse to explain the price gouging. There is no justifiable answer as to the price gap between conventional gas and cleaner fuel says OPEC. Suspicion of collusion has been touted by several analyst and many are calling for Clinton administration to take action against countries that support the cartels policy that control the worlds oil supplies. There is currently a proposal to allow anti-trust lawsuits to be filed in the United States against OPEC and other oil producing countries that participate in price agreements.

Josef Herbert of the associated press reported that energy secretary Bill Richardson is facing ridicule for being weak willed and having a policy of quite diplomacy for dealing with OPEC. The criticism because Richardson is also against releasing any from the Strategic Petroleum Reserve to help influence the prices. Representative Benjamin Gilman stated that Richardson's administration is still firing blanks when in should be making an all out attack During the 110 th summit of organizations for petroleum exporting countries responded to the market demands by agreeing to have OPEC members increase output by 2. 8 percent, this decision to raise output is due to the high demand and low inventories. During that summit crude oil prices were being compared to that of the energy crises of 1973. And OPEC is acknowledged that they are admittedly worried about the upward trend. In summary I believe that there is a fair amount collusion occurring between OPEC and other oil producing countries and this price gouging is something that as finally made me take notice and ask what is driving gas to such incredible costs.

It is easy to point the finger at fuel station where we purchase fuel but the reality is that they are not only to blame for the state of the oil prices. In my opinion the significant contributor is OPEC. After my investigation it seems clear that its inability to create policies that are in line with the best interest of its members, has led to the current price increases. Without drastic ratification, OPEC will be unable to achieve the stability needed to adequately maintain and supply the world markets with oil Bibliography: Sources Iran Daily Newspaper web Associated Pressweb Washington Posted


Free research essays on topics related to: producing countries, oil producing, crude oil, exporting countries, worlds oil

Research essay sample on Exporting Countries Crude Oil

Writing service prices per page

  • $18.85 - in 14 days
  • $19.95 - in 3 days
  • $23.95 - within 48 hours
  • $26.95 - within 24 hours
  • $29.95 - within 12 hours
  • $34.95 - within 6 hours
  • $39.95 - within 3 hours
  • Calculate total price

Our guarantee

  • 100% money back guarantee
  • plagiarism-free authentic works
  • completely confidential service
  • timely revisions until completely satisfied
  • 24/7 customer support
  • payments protected by PayPal

Secure payment

With EssayChief you get

  • Strict plagiarism detection regulations
  • 300+ words per page
  • Times New Roman font 12 pts, double-spaced
  • FREE abstract, outline, bibliography
  • Money back guarantee for missed deadline
  • Round-the-clock customer support
  • Complete anonymity of all our clients
  • Custom essays
  • Writing service

EssayChief can handle your

  • essays, term papers
  • book and movie reports
  • Power Point presentations
  • annotated bibliographies
  • theses, dissertations
  • exam preparations
  • editing and proofreading of your texts
  • academic ghostwriting of any kind

Free essay samples

Browse essays by topic:

Stay with EssayChief! We offer 10% discount to all our return customers. Once you place your order you will receive an email with the password. You can use this password for unlimited period and you can share it with your friends!

Academic ghostwriting

About us

© 2002-2024 EssayChief.com