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.
Nobody downloaded yet

Article review focus microeconomics - Essay Example

Comments (0)
The title of this article is “U.S. Oil Prices Fall Sharply as Glut Forms on Gulf Coast ”. The article has been written by Russell Gold and Nicole Friedman.
The article highlights…
Download full paper
Article review focus microeconomics
Read TextPreview

Extract of sample
Article review focus microeconomics

Download file to see previous pages... ged because oil fields in North Dakota and West Texas have been not only producing surplus oil but its transportation has been easy through a new pipeline to the coastal region of Louisiana and Texas.
Following the law of demand and supply in economics, oil glut leads to lower prices for oil producers. A representative from the Organization of the Petroleum Exporting Countries (OPEC) says that Saudi Arabia is supplying oil at lesser price to their own refineries in coastal region than what it fetches in Asia. Surprisingly, Louisiana crude fetches $9.46 per barrel less than the price in England for the comparable quality of crude. With this shift in demand-supply equilibrium, the prices of crude in Texas, North Dakota are heading southwards. Sellers market has suddenly turned into a buyers market. However, experts do not envisage a glut that could result into a significantly lower price as happened in case of increased natural gas production in the US pushing the price of gas at its lowest in last couple of years. The reason is that many Gulf Coast refineries cannot switch over to Light Sweet crude oil from more viscous crude currently being used without making significant changes in their refinery equipments and processes.
In this article, the author is mainly trying to emphasize that now cheap US crude is available to refiners increasing price competitiveness of the US refiners over their global counterparts. It is pertinent to note that between June and October, the US refiners have increased their exports by 22% controlling over 20% international market of jet fuel, diesel and similar products. It is significant to note that the largest oil refiner of the US namely Valero has stopped importing due to availability of Light Sweet crude oil. The reason is that North Dakota has been producing one million barrels per day from Bakken Shale formation. This is over and above the production of almost 1.3 million barrels in South Texas at the Eagle Ford Shale ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
The Changing Price of Oil and Its Impact on the American Consumers
The author states that it is the interaction of the forces of demand and supply in a marketplace that determines the price of a product at any given time. Price is the quantity of payment or compensation given by one party to another in return for goods and services. This aggregate demand is the sum of demand for oil by all the countries.
3 Pages(750 words)Essay
Article Review
But unfortunately, building functioning teams (also called Group Development) is not given due attention in most companies. This tendency is no longer acceptable in the new telecommunication age, where face-to-face communication happens less frequently and most members of the team are not properly acquainted with other members working across different locations.
2 Pages(500 words)Essay
Microeconomics article analyses essay
The rise in the rents has taken a lead as compared to salary rises, making it difficult for people to afford rents. As a consequence of the sharp rise in the rent the tenants are going into arrears. The article uses the principle of supply and demand for the explanation of the rise in the rents.
2 Pages(500 words)Essay
Review of the Research Article Clinical Intuition in Mental Health Care: A Discussion and Focus Groups by Cilia L.M. Witteman
Intuition refers to an instinctive knowing or the ‘sixth sense’. No rational reasoning is required while making judgments using intuition. Therefore, the concept of intuition is difficult to be taught or understand, especially because it is almost impossible to explain how intuition informs clinical decisions.
3 Pages(750 words)Essay
Microeconomics article review
The percentage of the labor force that was unemployed for five weeks or less did not grow much during 2007. Ironically in the aftermath of the recession which occurred between 2009 and 2010 after five weeks of unemployment people looking for jobs ended up filing for more unemployment benefits.
3 Pages(750 words)Term Paper
Microeconomics Article Summary Assignment
The author highlights that the company’s shares dropped by almost 5.5 percent to trade at $ 467.7 after the launch of the new phone model. The price of the new phone was the major concern with analysis explaining that it is too expensive such that the price surpasses monthly income in some of the major economies such as China.
3 Pages(750 words)Essay
Article review
Article III – Yes. The authors stated the hypotheses that there is a probability that student who migrated to Portugal that belong to low socio-economic status are likely to get poor educational performance. Article I – The literature review is comprehensive since it
2 Pages(500 words)Essay
Article review
The authors aimed to present a unified database where the laboratory mouse has been tapped “for discovering gene function and unravelling pathogenetic mechanisms of human diseases through the application of various functional genomic approaches”
2 Pages(500 words)Essay
Microeconomics class; News Article Analysis
However, following the increasing income inequality amongst the Americans, some economists doubt this belief. Inequality may increase the levels of poverty in a country, if low-income citizens face low productivity, as well
3 Pages(750 words)Essay
Article Review
He writes about money and investing issues that include interest rates, global asset allocation and bonds in various locations in the US, though most of his work deals with fiscal matters in the United States of America. “Treasury
2 Pages(500 words)Essay
Let us find you another Essay on topic Article review focus microeconomics for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us