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  • Got Those Opec Blues Again And Rational Exuberance - 738 words
    "Got Those Opec Blues Again" And "Rational Exuberance" "Got those OPEC Blues Again" and "Rational Exuberance" SUMMARY Since March of 1999, when the price of West Texas Intermediate crude oil was at $13 a barrel, we have seen a steady increase in prices in all phases of the economy. OPEC, the organization that is largely responsible for setting production goals in the Middle East, was under fire to find ways to increase prices. 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. (B ...
    Related: blues, opec, rational, monetary policy, business week
  • In Todays Modernized World, There Seem To Be Several Luxuries That We Can Not Live Without In A Large Metropolitan Area Such - 581 words
    In today's modernized world, there seem to be several luxuries that we can not live without. In a large metropolitan area such as Los Angeles, cars and the gas that fuels the cars are a must. So what would happen when the number one and number two oil companies in the United States decided to merge together? The deal itself would be worth 75.3 billion dollars, making the new Exxon Mobil one of only two major fuel providers along with Royal Dutch/Shell until the merger between British Petroleum and Amoco Corp. is approved. For Exxon and Mobil, they would be saving over 2.8 billion dollars in near term savings alone, have access to more resources then they would have individually (meaning an o ...
    Related: metropolitan, metropolitan area, royal dutch shell, dutch shell, mobil
  • The Netherlands - 1,638 words
    ... s. Herbert Barnard, a counselor for Heath and welfare at the Royal Netherlands Embassy, says, Our policy has produced results that are demonstrably better than those in many of the countries criticizing us. While we realize that an ongoing dialogue with all those involved with the drug problem is a precondition for any progress, we are not going to change our policy on the basis of unjustified criticism (69). As I have already mentioned, the Netherlands has a strong economy with an emphasis on exports. The Netherlands has played a special role in the European economy for many centuries. Since the 16th century, shipping, fishing, trade, and banking have been leading sectors of the Dutch e ...
    Related: netherlands, european nations, east indies, entertainment industry, traffic
  • Yemen: Developing A Country - 1,134 words
    Yemen: Developing A Country Yemen: A Focus on Development for the Oil and Tourism Industries Yemen, a third world country desperately trying to achieve 2nd or even 1st world status, is in the midst of turmoil and tribulation in trying to bail out their economy and increase their level of reform. Since 1995, the Yemeni government began to implement a large scale program of reform. The program was formulated in cooperation with the IMF and the World Bank and it is considered a liberal program aimed at making the market the dominant regulator of the economy (6. Mallakh, 241.) Unfortunately, the outcome of this reform is not encouraging even though 1995 and 1996 were nominally successful years f ...
    Related: oil prices, royal dutch shell, mineral resources, widespread, blocking
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