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Article: Russia Stocks Rise to Week High as Oil Rallies ................................................................ 26-27 1|Page Russian Oil DA BDL
Summary One significant problem with reducing the consumption of fossil fuels (coal and oil) that lead to
environmental harm is that doing often involves reductions in the use of oil. This is problematic
because the economies of many different countries throughou t the world depend on money they
make from selling oil abroad. Substantial reductions in the consumption of oil could threaten these
economies, which could increase the risks of instability and war in particular regions.
This disadvantage argues that if the United States reduces its demand for oil by increasing efficiency
in transportation infrastructure that this will lower the demand for oil and hence the price of oil. The
price of oil is likely to fall if demand for oil falls because of the law of supp ly and demand which says
that as the demand for an item increases so will the price because sellers can sell the item to only
those who can afford to pay the highest price.
If the price of oil declines, Russia will make less money on oil exports and its e conomy will be
threatened because its economy is dependent on oil exports. If Russia’s economy declines, there will
likely be instability and war because people will begin to fight over very limited resources. 2|Page Russian Oil DA BDL
Acceleration. Acceleration is to go faster. If your car accelerates, it goes faster.
Brent. Another name for oil
Commodity. A commodity is a raw material or agricultural produce that can be bought or sold.
Depletion. Depletion is the gradual running out of an item.
Diversification. Diversification is the idea that a person or company should not be completely
dependent on the sale of a single product.
Emerging markets. Emerging markets are places in the world where the economy has started
growing well enough that they have become places where companies can sell a substantial number
of consumer products.
Ethnicity. Ethnicity refers how a person identifies themselves based on a common heritage with
Eurozone. The Eurozone is an economic and monetary union of 16 Europe an countries.
Fossil Fuels. Fossil fuels are fuels that are naturally derived from decaying fossils in the earth. Fossil
fuels include coal, oil, and natural gas.
Moscow. Moscow is the capitol of Russia.
Oil dependence. Oil dependence refers to the idea that a country needs to import its oil in order to
have enough to meet the domestic demand for oil.
Pension. A pension is a monthly payment that you get from a company or the government after you
retire if you have worked there for a number of years.
Proliferation. Proliferation refers to the spread of nuclear weapons
Rouble/Ruble. Russia’s currency/money 3|Page Russian Oil DA BDL
BRIC Countries. Brazil/Russia/India/China
CBWs. Chemical and Biological Weapons
EIA. Energy Information Agency
EUROX. Eastern Europe...
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- Spring '14