The price for the barrels averaged at a high of $105 in the first week of May and the price of a gallon in Houston was at a decreasing $3.74 from $3.89 about three weeks ago. The test of economics relating to the cost of resources versus the product isn’t sufficient because even at the highest peak in a month for crude oil, prices were still falling per gallon which leads to the other factor, the number of sellers/ suppliers. Every under construction site lately has been the input of a new gas station. This supports the slow falling price as the market widens with new competition. In the Cypress/Katy area there have been over ten new stations
One trend that favored the pursuit of the Chevy Volt project was the rise is high oil prices leading to the rise is high gas prices. Also, the high oil demand in developing countries as well as limited supplies favored the pursuit. The increasing concern of global warming and the possibility of having tighter regularions designed to limit carbon emissions are factors as well. 3. The lack of teamwork within GM was one obstacle in pursuing the project.
Rising gas prices impact on products and services: It seems hard to think that rising gas prices can have an effect on anything other than our wallets but when it hits our pockets other things in our economy suffer as well. Many products are shipped and delivered all around the world by trucks and other service vans. With the increase in fuel prices the rates for such trips must rise and that can have a negative effect on the bottom line. Not accounting for the extra cost in fueling trucks and other vehicles could cause a business to fail as they not be able to hand out contracts to other companies.
Consumers bought the cars which were advertised as environmentally friendly, and higher sales resulted to higher compensation and incentives to company executives. (Hakim, et. al., 2015) Therefore, it is highly doubtful and quite a flimsy excuse to day that the corporate leaders were not even aware that their engineers used a software that manipulated test results for mono-nitrogen oxides or NOx. VW leaders should just simply own up to their “grand ploy” to increase revenue, apologize to the public and all consumers in the world, return the money of all their buyers who were deceived by their false advertisement of having environment-friendly vehicles, and re-build the trust and brand image that got destroyed by the
The negative geopolitical impacts include the deterioration of political relations between countries as countries may fight over resources, as well as the over-reliance on countries that is rich in oil, resulting in a group of countries rising in terms of political influence due to their control over oil supply. On the other hand, I will also discuss the increasing demand of oil has resulted in governments investing in research and development for alternative energy resources as well as the encouragement of resource conservation. Also, due to an uneven distribution of oil, there is global income redistribution and it also forces countries to resolve political differences to secure trade relationships. I will be using case study examples from Norway, Libya, Iraq, Nigeria, United States, etc. providing a very in-depth study of the impacts of the general trend of rising demand for oil.
The decade of the 70s was marked by severe land use policies in the name of: open space, saving farmland, protecting the environment, and historical preservation. This created an artificial scarcity of land which drove up the price of remaining land in the counties and created a shortage of supply houses for a high demand of people wanting to own. These conditions made a modest sized home became literally a million dollar home. This among other policies, such as zoning laws and minimum lot sizes caused housing prices to become unbearable, not only in California, but other cities nation-wide where similar regulations were enforced. While home prices rose thirteen percent nationwide in a single year, from 2004 to 2005, the range was from a four percent rise in Michigan to a thirty-five percent rise in Arizona.
11.20.14 In the 1970’s OAPEC (Organization of Arab Petroleum Exporting Countries) established an oil embargo that caused gas prices to rise from $3.00 to up to $12.00 a barrel. Due to this drastic increase, the government, under President Jimmy Carter administration, set price controls on the price of gasoline. This not only lead to higher gas prices, but caused a rationing of gas, which lead to extremely long waits at the gas pump. To remedy the long lines, consumers where assigned a day to purchase gas, based on their odd or even numbers license plates. This instability of the supply of gas was known as the “Gas Crisis “or “Gas Shock” of 1973.
1. Introduction The financial crisis since 2008 has been a real phenomenon in the recent years. It has negatively impacted the countries` national economies as increased their deficits, public and private debts, significantly declined the GDP rates, etc. Moreover, the crisis has also deepened the social discontent and mistrust to the politicians and to the public institutions after millions people in the world remained unemployed and others lost their businesses, as well. Considered that the financial crisis has started from the USA, its effects were quickly and strongly felt beyond the country, too.
Fukushima, the nuclear power plants center, had been one of the world’s worst nuclear disasters regions. Serious damage affected many industries, and it greatly change Japan’s state of macroeconomy from several parts. Exports continued to fall because electronics industry, car industry and food industry that are important portion of Japan’s Gross Domestic Product (GDP) were seriously damaged. The country accounts for 16.5 percent of that revenue in the consumer electronics industry (“Japan quake”, 2011). Sony, Toshiba, Kyocera, and Canon, are among the many industry heavyweights in the industry headquartered in Japan.
Unemployment and Its Impact On American Cities Michael Collins Marygrove College Abstract The United States, its cities, and regions for decades have been trying to maintain low unemployment rates. It is a well know fact that the economy in America is facing tough times and many companies are being forced to pass out pink slips. As a result, America and its cities have being confronted with some of the highest unemployment rates in the 21st Century. Politicians have employed many strategies and ideologies to help regulate the unemployment rate. Unfortunately, over the past 10 years these strategies and ideologies have failed.