Nobody downloaded yet

Gas Industry and the Impact on UK Economy - Essay Example

Comments (0) Cite this document
Running head: UK Economy Gas Industry and the Impact on UK Economy Insert Name Insert Grade Course Insert 07 May 2012 Outline I. Introduction II. Supply and demand in the gas industry III. Market structure IV. Inflation V. Economic growth and unemployment VI…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.9% of users find it useful
Gas Industry and the Impact on UK Economy
Read TextPreview

Extract of sample
"Gas Industry and the Impact on UK Economy"

Download file to see previous pages This is because numerous factors influence the supply and pricing of gas creating extraordinary inconveniences in the country’s economy. The changing prices of gas usually inflict a lot of pressure on the local economy through pushing up bills for electricity and straining the energy needs. For instance, the nuclear disaster of Japan in 2011 was a significant factor that drove the prices of gas severely affecting the UK economy. This was fueled by the increase of demand for gas by Japan that created sentiment of scarcity. This is just one of lots of aspects that play a function in the UK gas consumption and inherently impact the general economy. This report navigates around the global gas industry, its features and particularly its effects on the vast economy of the United Kingdom. In order to underscore the vast industry and its significance to the economy, the paper will determine the basic problems of the gas industry, market structure, inflation, supply with demand, along with economic enlargement and unemployment. The essence of the report is to expose the inherent implications of the activities and events in the gas industry on the UK economy. The gas industry has several problems most of which induce negative implications on the general economy. ...
Supply and demand in the gas industry Supply and demand in the gas industry play an enormous role in affecting the process of gas in the United Kingdom, which directly increases the bills for electricity generated from gas power stations. Any slight change in demand or supply of gas, therefore, has a massive impact on the UK economy (Great Britain: Parliament: House of Lords: Select Committee on Regulators, 2007, 56). A clear example is the Japan nuclear tragedy, which led to the plants being taken offline. Therefore, Japan required more gas to meet its energy demands as an alternative to nuclear power. Gas dealers developed anxiety that the gas shipment destined for Europe could be directed to Japan; where there was high demand for natural gas and was being offered high prices. This trader sentiment created apprehensions that augmented the prices that energy corporations had to pay to purchase gas in the United Kingdom. This is the main reason behind high costs in bills in the country in the winter season. Similarly, the conflict in Libya has led to low supply of gas in European markets that imported gas from the North African state thus increasing the price of international gas. As a result, the cost of electricity generation rose pushing up electricity bills. In the United Kingdom, gas and bills are directly related because any changes in gas prices affects electricity bills of energy consumers who use electricity derived from power generators. Therefore, the varying cost of gas is a single dynamic that profoundly affects bills in the UK. For instance, high general price increase the rate of domestic heating as well as the charge of electricity. This has been contributed by the reality that the charge of electricity derived from gas power-stations ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Gas Industry and the Impact on UK Economy Essay”, n.d.)
Gas Industry and the Impact on UK Economy Essay. Retrieved from
(Gas Industry and the Impact on UK Economy Essay)
Gas Industry and the Impact on UK Economy Essay.
“Gas Industry and the Impact on UK Economy Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Oil & Gas Operations Industry
...and improved GDP. However, these positive signals cannot be so impressive considering the 2008 economic crisis, which left the industry in tatters. As such, there is a significant upward pressure on the prices of oil and gas. This is contributed by the geopolitical turbulence that has hit Islamic countries, from Middle East to North Africa, as well as a general speculation of an upsurge in commodities market (Bodie, Kane& Marcus, 2009). If the oil prices will continue with the upward trend, then mending up of the economy may come under a threat, which will affect the oil and gas demand in the future. This problem will be exacerbated by the fact that the markets are...
12 Pages(3000 words)Research Paper
The UK Economy shown in the figure1. Unemployment frequently delayed probability in the economy. Main reasons of increasing of unemployment was retrenchment of credit, this has impacted in a decline in consumer expenditure, lesser investment and poorer economic growth. The global economy is coming down, which leads to poorer exports and global trade. During the global crisis, jobseekers all over the world were ignored because no new opportunities were created or given. Certain sectors were mainly defectively hit by the financial crisis, sectors such as banks, construction industry. The graph bellow shows the trend of unemployment level since the 2008 to 2011 UK...
13 Pages(3250 words)Research Paper
Economy : Industry : Company analysis
...? EconomyIndustry – Company Analysis Prepared by Table of Contents 2 Introduction 3 Report body 3 An analysis of the current economic fundamentals 3 Justification for the choice of industry given the economic indicators 6 Industry information 7 Justification of stock using the intrinsic value 8 Forecast of the short term growth rate 9 Estimate of the required return on equity 10 Brief outline of the firms operations 10 Expected performance of the firm given the expected industrial and economic conditions 10 Conclusion 11 References 12 Appendix 14 Assumptions/difficulties 14 Introduction The choice of the right stock for investment depends upon two...
8 Pages(2000 words)Essay
Global Oil and Gas Industry
...Analysis of the Global Oil and Gas Industry Executive Summary This research deals with why oil, the lifeblood of world economies, attracts multinational investors with strategic stakes, positioning oil investments with national policies. Porter's five forces were used in the analysis of the attributes of the oil industry stakeholders, with Iraq as a classic barrier to entry, the US as buyer power, China as rival, Saudi Arabia as supplier power, and India and Africa as substitute threats. Going beyond Porter's five forces paradigm, this study describes the self-proclaimed champion of democracy in the context of the recently concluded Iraq war, the US, as fitting...
6 Pages(1500 words)Essay
Impact of Recession on the UK Economy
...Impact of Recession on UK Economy Recession in UK has travelled down from the failure of banks in US. The cascading effects of globalisation have made almost all major economies around the world vulnerable to the recessionary trends. The result of all this is the debt of financial sector has risen sharply from (Calbreath, 2008). It now stands at 74 percent higher than it was in 2000 and 10 times higher than in 1980. Quoting the figures from the Office for National Statistics, Monaghan (2009) indicated that the GDP figures recorded a dip of 1.5 percent in the final quarter of 2008. It was around that time when the government realised the seriousness of...
8 Pages(2000 words)Essay
UK Construction Industry
...Problems facing the UK construction industry Introduction The Construction industry is an important sector of the UK economy. It constitutes about8 to 10 per cent of the GDP. This sector employs about two million people. There is a huge. Various organisations are working in this sector. The construction industry employs various occupations. They include architects, consultant engineers, surveyors, lawyers, plumbers, site managers, electricians, bricklayers and many others. Unlike in other sectors, most employees in the construction sector work for very small firms that are in turn subcontractors for bigger developers. Currently, this...
5 Pages(1250 words)Essay
Economy Industry Company Analysis
...Economy-Industry-Company Analysis EconomyIndustry – Company Analysis Executive Summery Crown Company is a well established company in Australia, with its stocks being traded on a stock exchange market. Vertical or top down analysis of the company financial performance are the requirement Johnnie wants to know, before deciding to make investment in this company. Introduction Johnnie is a potential investor, who has been working in Australia public life, and he has retired with considerable amount of superannuation. He want to invest in a ten year stock, therefore a top down analysis of the Crown Company is conducted for this purpose. Economic Analysis The...
6 Pages(1500 words)Research Paper
Operation and Competition Situation of UK Oil & Gas Industry
...32.1% 2012 65.7 41.4 51.1 (5.7%) CAGR: 2008-12 (1.1%) Source: MarketLine From table 1, it is seen that the sector’s contribution to the economic outlook of UK alone has not fallen below £25 billion in a year since 2008. The major rationale for selecting this industry however is that, regardless of its important place in UK’s economy, growth in the sector has not been steady in the last few years as seen in figure 1 below. The paper therefore tries to critique the cause and finds solutions from the perspective of selected companies. Figure 1: UK Oil and Gas Market Value and Growth 2.0 Introduction and rationale for chosen companies...
10 Pages(2500 words)Essay
UK economy
...during the period of 1996. As a result of continuous protests and hard work, the women in Britain were awarded with equal status or equal rights in workforce and employment under the Equality Act of 2010. The act states that all individuals of Britain are to be treated equally and are not to be discriminated against. What is the current unemployment rate in Britain? After the period of World War II that ended during the period of 1945, the economy of Britain has several times faced recession and due to this they have even experienced higher rates of unemployment. This is mainly because the exports of the nation have declined. The decline in exports has resulted in badly damaging the local industries...
3 Pages(750 words)Essay
Oil and gas industry
...Effect of the Oil and Gas Industry on the Environment The oil and gas sector is one of the leading industries across theglobe. Its revenues are enormous, so are the costs of giving the consumers with the energy they need. America consumes more than 19million oil barrels every daily (Scholastic and Crane 9). The oil and gas sector supplies more than 60 percents of the nation’s energy. It also plays a crucial part of the American economy. The U.S is among the leading producers of oil globally (Vassiliou 70). As of 2011, the sector accounted for 12.2 percent of the gross domestic product. As production and consumption increases, its effects...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Gas Industry and the Impact on UK Economy for FREE!
Contact Us