Effects Of The Rise And Fall Of The Oil Prices - 1123 Words

An article about a current event that discusses a change in the supply or demand of a product. This article covers the effects of the rise and fall of the oil prices in the global markets today. Crude oil is defined as a nonrenewable resource which occurs naturally. It is an unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals hence it plays a very crucial role in any economy. The demand for oil has a number of important facts that we can look at starting from 1980 to 2008 where the world’s demand increased by 40%, from 60m barrels per day to over 85m barrels. This was due to the increase in oil consumption of growing economies which make up approximately 66% of total world demand. The other fact is that the demand for oil is relatively inelastic with respect to price, given that oil has few direct substitutes. Similarly, demand for oil is relatively inelastic with respect to income of growing economies. However, income elasticity of demand in developing economies like China and India is likely to be higher. On the other hand, while looking at the supply and demand curve, a market is in equilibrium when the price of a good or service tends to stay the same. Equilibrium is the price at which the quantity demanded by consumers is equal to the quantity that s supplied by suppliers. When either demand or supply changes in any way,Show MoreRelatedIs Oil A Blessing Or A Curse?1521 Words   |  7 PagesIntroduction Is oil a blessing or a curse? This report will be focusing on the above question to determine how both the rise and fall in the prices of oil has affected the aggregate demand and aggregate supply of a nation that relies solely on oil for its revenue. The report would clearly shows the Aggregate Demand (AD) Curve in respect to its effects on the oil-exporting nation, United Kingdom. The cause of oil prices drop and impacts of the economy due to shift of the AD and will demonstrateRead MoreEssay about The British Economy1723 Words   |  7 Pages Explain and illustrate the effect of this shock, and the courses of action the Government and the Bank of England are, in your opinion, likely to take as a consequence. Discuss the implications for business of both the initial shock and the following Government and Bank actions. You should assume that the Government of the day has committed itself to full employment, â€Å"prudent† public spending, and no major tax increases. The Bank has an inflation target of 2 .5% pa. A long run equilibrium is oneRead MoreEffects Of Oil Prices On Global Economy1200 Words   |  5 PagesStudent’s Name: Professor’s Name: Course: Date: Effect of Oil Prices on Global Economy Evidently, the connection between fuel and the world has resulted in an intimate relationship between global economy and the prices of oil. In this regard, the world is increasingly growing dependent on petroleum and, as such, it follows that matters concerning fuel prices are bound to affect the global economy. Be it a slump or a rise, oil prices factor significantly in every country regardless of if the givenRead MoreA Brief Note On The Global Price Of Petroleum Exporting Countries Essay1219 Words   |  5 Pagesthe separate effects on GDP, inflation and public sector borrowing on any single national economy ( unnamed) of: a. a rise in the global price of oil Figure 1.1 Oil Supply, demand and price Source: euanmearns.com Figure1.2 SRAS shifts as a result of a negative cost shock Source: http://www.harpercollege.edu/ Higher oil price would make products price go up and moves AS curve from AS to AS1, therefore, the rise in the globalRead MoreDiscuss How Rising Oil Prices Might Affect the Macroeconomic Performance of an Economy682 Words   |  3 PagesDiscuss how rising oil prices might affect the macroeconomic performance of an economy. (25 marks) There are four main macroeconomic objectives of the government it wishes to achieve in order to maximise the welfare of the society, they are: low and stable inflation, a favourable current account position on the balance of payments, low unemployment and sustained economic growth. One macroeconomic objective that might be affected by rising oil prices is the current account of the balance of paymentsRead MoreThe Economic Impact On The Economy995 Words   |  4 PagesOil is a huge part of everyone’s everyday life. From transportation to heating homes and businesses, oil prices are always dramatically changing due to the constant change of supply and demand. The economic impact that the price of oil has on the U.S economy continues to rise and fall due to political instability. Americans especially have a heavy reliance on oil, especially on foreign origins. The increasing price of oil has spiked large concerns and has become a major global debate. Many sourcesRead MoreThe Price Of Oil Prices1521 Words   |  7 PagesThe price of Oil has inflated over the years as the fossil fuel is slowly running out, there has been a rise in prices as supply falls. When a commodity becomes scarce its price will rise. The price has also risen as demand has increased f rom countries like China who are producing more goods which are demanded by consumers. Price change over 25 years This shows the price fluctuation from the year 1990. This shows that there was a large increase in price from 2007 until 2008. Following thisRead MoreSupply and Demand - Example of Oil Price1384 Words   |  6 Pageshttp://news.bbc.co.uk/2/hi/7048600.stm Wednesday, 2 January 2008, 22:36 GMT What is driving oil prices so high? Oil prices have hit a record high at $100 a barrel. Prices have doubled from the rates seen in January 2007 and more than quadrupled since 2002. What factors are causing this unremitting increase and what are the likely consequences for consumers and the global economy? What is causing the latest price spike? This was triggered by concerns about violence in Nigeria and Algeria as well as theRead MoreThe Core Concepts Of Economics1241 Words   |  5 PagesSupply are the core concepts of economics. Demand states the quantity of a product one requires to fulfill his needs at particular price stand. On the other hand supply refers market offering of a product at specific price level. There are numerous constituents that affect the Demand of a product. For example Price, availability of alternative products in market, price of the alternative products, buyers’ income, buyers’ purchasing power parity, number of buyers available in the market, changes inRead MoreDoes Oil Pri ce Shocks Affect Business Cycles?994 Words   |  4 PagesIt is often said that oil price shocks affect business cycles, triggering a detrimental effect on the economic activity of some countries when they rise and a favourable effect when they fall. One instance could be the U.S., where the data suggests that most recessions after 1973 have been headed by oil price increases, which is often taken as evidence of recessions being caused by oil price shocks. This brings up to question through which channels oil price shocks might be transmitted to economic

Cango Financials - 3220 Words

CanGo Analysis Final Report Lucrative Strategies Consulting Executive Summary This consulting report concerns CanGo’s attempt to establish new business ventures to enhance the vitality of the organization through entering the enormous electronic gaming industry that is rapidly expanding. There is a significant amount of demographics that will embrace the virtual world of On-Line Gaming, since electronic entertainment has been revolutionized through increasing access to interactive online gaming with access to high-speed internet. Thus more, global games industry revenues were at 60.4 billion in 2009 and expected to rise to 70.1 billion in 2015. The value of this proposition is to increase revenues, increase speed, expand†¦show more content†¦Intensity of competition is not going away. The gaming industry continues to have new players. Amazon continues to be the e-tailor leader, and eBay gives consumers a discounted choice. Marketing analysis is needed to understand if there is room for CanGo to grow or is the market saturated. Emerging startup companies with same desire as CanGo are offering consumer choice, expanding product offering, and completive pricing. Marketing Analysis U.S. On-line gaming users have showed a significant increase in the size of its audience during the past year as consumers increasingly opt for cheaper entertainment alternatives. The On-line gaming category attracted 87 million U.S. visitors in May 2009, up 22 percent versus the prior year. Below is a table of On-line gaming sources that shows the change of their total internet audience over a one-year period. |Top Online Gaming Sites | |May 2009 vs. May 2008 | | |Total Unique Visitors (000) | | |May-2008 |May-2009 |% Change |Show MoreRelatedCango Financial1127 Words   |  5 PagesCanGo Financial Analysis Report The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns for its shareholders. This is made possible if the business is able to maximize on available opportunities and very efficiently and effectively use the resources it has to create maximum value for all involved stakeholders. One way the performance of a company can be measured on critical areasRead MoreCango Financial Ananlysis Essay1076 Words   |  5 PagesFinancial analysis of CanGo CanGo has been growing rapidly ever since its formation. It experienced a greater than expected growth in revenues. However, the company is faced with some financial difficulties and so there is a need to take certain financial decisions. Also, it faces problems of controlling logistics related to growth. Rapid growth seems to be a blessing. However, it depends on the company’s ability how they deal with it. The holiday season of 2009 showed the company’s inability toRead MoreCango Week 3 Financial Analysis803 Words   |  4 Pagesweek, NewGen had the opportunity to review CanGo’s financial statement. The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns. NewGen leveraged our knowledge of Investment rations, breaking our analysis down into four (4) key areas, efficiency, financial leverage, liquidity and profitability. Attached you will find our financial analysis summary matrix. 1. Efficiency Ratio Read MoreFinancial Analysis of CanGo1656 Words   |  7 Pagesï » ¿The company of CanGo lack in many areas that prevents it from being a successful business in the future. Many problems can be found between its managers and employees. It is imperative for CanGo to better understand its company by making wiser business decisions in the future. One important recommendation for CanGo is to adopt a mission and vision statement. By creating a mission and vision statement, CanGo will have something to look forward to in the future. The mission and vision statement willRead MoreFinancial Analysis1076 Words   |  5 PagesCango Financial CanGo Financial Analysis Report The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns for its shareholders. This is made possible if the business is able to maximize on available opportunities and very efficiently and effectively use the resources it has to create maximum value for all involved stakeholders. One way the performance of a company can be measuredRead MoreFinal Report - CanGo2177 Words   |  9 PagesExecutive Summary CanGo A successful internet startup company, CanGo has grown from a small retailer of books to an online retail hub where customers can purchase games, movies, music, and books. CanGo is looking to move forward into new and emerging markets such as online gaming while seeking to enhance their current operations through the use of technology. In order to help address any issues which may occur because of these proposed changes, CanGo has enlisted our consulting firm to help themRead MoreSwot Analysis : The Management Of The Customer s Needs ( Jit ) Inventory1814 Words   |  8 Pagesinventory (â€Å"Financial Information,† n.d.). Having such a high percentage of their sales coming from JIT inventory allows CanGo to keep their overhead expenses low while still ensuring their products are still available. One of the ways that this lowers their overhead is by reducing the warehouse space needed. Since most of the inventory arrives just in time to be shipped, there is no need to have a place to store it. Keeping their JIT inventory at roughly 80 percent also helps CanGo to serve theirRead MoreCango3111 Words   |  13 PagesCanGo Analysis Final Report Sherry Youngs, Alheri Gajere, Oksana Harbar, Hope Muhammad and Binish Maroof Be Bold Consulting Table of Contents Executive Summary 2 Analysis 2 SWOT Analysis (Oksana Harbar) 2 Market Analysis (Alheri Gajere) 5 Competitive Analysis (Binish Maroof) 7 Financial Analysis (Sherry Youngs) 8 Strategic Recommendations 9 Conclusion 9 Works Cited 10 Appendix 11 Be Bold Consulting has been invited to provide CanGo with solutions and recommendationsRead MoreStrengths And Weaknesses Of Swot1815 Words   |  8 Pagesinventory (â€Å"Financial Information,† n.d.). Having such a high percentage of their sales coming from JIT inventory allows CanGo to keep their overhead expenses low while still ensuring their products are still available. One of the ways that this lowers their overhead is by reducing the warehouse space needed. Since most of the inventory arrives just in time to be shipped, there is no need to have a place to store it. Keeping their JIT inventory at roughly 80 percent also helps CanGo to serve theirRead MoreCanGo Online Gaming Industry673 Words   |  3 PagesThe largest factor which must be examined in regards to CanGo entering the online gaming industry is the probability of success, which is measured by profit. Upper management must consider many financial factors that will be imperative to the overall success of the company. In order to implement the new sector into the company auspiciously, expenses in relation to human resources, supply and logistics management, marketing, and the procurement and deployment of new and existing technology/methodologies

Medgar Evers Free Essays

Medgar Evers Medgar Evers was a civil rights activist whose life was cut short due to the racism and discriminations towards blacks in his time. Medgar Wiley Evers was born on July 2, 1925, near Decatur, Mississippi. He grew up on a small farm that his father owned along with 5 other siblings. We will write a custom essay sample on Medgar Evers or any similar topic only for you Order Now Evers strived to get his diploma by walking 12 miles to and from school every day, until 1943, when Evers was inducted into the army along with his brother Charles Evers. He fought during WWII he was honorably discharged as a sergeant in 1946. He returned home and two years later he started to attend Alcorn College majoring in business administration. He was very active people in college a member of the debate team, the school choir, football team, track team, and was also the president of his junior class. He was listed in the â€Å"Who’s Who in American Colleges. † He received his BA degree a year after he married Myrlie Beasley and they would later have 3 children. They moved after Evers found a job as an insurance salesman in Mound Bayou, Mississippi. He and his brother Charles Evers were apart on the Regional Council of Negro Leadership (RCNL) where he helped organize a boycott of public restrooms that blacks couldn’t use. Medgar tried to enroll into the University of Mississippi Law School in which he was rejected. He filed a law suit against the University as an attempt to defy segregation in the school. The NAACP later chose Evers to be their first field secretary to represent them. Evers attempted to desegregate the University of Mississippi by trying to enroll James Meredith an African American. Meredith was later accepted in the University of Mississippi which lead to a riot on campus leaving two white men dead. Evers also investigated the murder of Emmett Till and supported Clyde Kennard, all of these event lead to more hatred towards him from the whites. He was becoming a target to many white supremacists he came across many problem and altercations and still remained non-violent. On May 28, 1963, a Molotov cocktail was thrown into his house and he was almost run over by a car after he was leaving from the NAACP office. But a day after president JFK’s speech to support civil rights Evers was shot in the back. He was shot by a member of the KKK and also white supremacists named Byron De La Beckwith. Beckwith was tried for Evers murder two times and both trials ended with no verdict so he wasn’t sentenced. But, the third times he was tried he was found guilty and sentenced life in prison in 1994. It took 31 year for Evers murderer to be convicted of a murder due to racism and discrimination. In addition, Evers was later honor when they named a college after him in Brooklyn, New York in 1969. How to cite Medgar Evers, Papers