seminar project - retailed profit-lower supply-but less...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
+ The Relationship between Crude Oil Prices and Global Economy World USA EU JAPAN Positive Correlation between Prices and Global Economy
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
+ Prediction of Crude Oil Price 2012 0 25 Annual Average crude oil prices US$/Barrel Lybyan Uprising Recession Iraq War Asian Economic Crisis
Background image of page 2
+ Protest in Tunisia - High corruption - High unemployment - High food inflation - Lack of freedom of spe Neighboring countries protest wishing for same result - Egypt, Lybia , Yemen, Barein Libya - Largest crude oil reserve in Africa - 2% of global oil production -No alternative to Libyan’s unique quality oil -Political turmoil causes fear - Drives out oil producers in Libya - Drop in oil export - Drop in world supply Caused by results L e d t o
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
+ -rising crude oil prices -Higher cost in producing petroleum (price taker) leads to lower
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: retailed profit-lower supply-but less significant compared to other countries due to government subsidy policy which ease pressure on manufacturing, transportation, and consumer costs Egypt-Contains “suez canal”, major oil route, transporting oil to Europe & Asia-3 million barrel of oil from saudi Arabia and kuwait: major oil producing countries Fear of oil disruption through the canal from labor strike-expected oil price increase led to 26.9% rise between 17 dec. 10 to 1 mar 11-high cuts in oil supply-higher cost of transportation After successful overthrowing -new government raised canal’s tariff-greater cost-increase in global oil price Impact on Thailand’s oil Industry Result s...
View Full Document

{[ snackBarMessage ]}

Page1 / 4

seminar project - retailed profit-lower supply-but less...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online