01 Jul OIL PRODUCERS VS. OIL USERS
Oil Producers vs. Oil Users
The world economy in the early 21st century has been characterized by continuous tensions between the developed countries, which are dependent on stable oil and gas supplies, and the countries that possess these natural resources in abundance. However, this is not the first time that such tensions have shaped world macroeconomics and politics. Already after the first oil crisis in 1973, some European countries called for improved communication and coordination between the worlds largest oil producers and the worlds largest economies. Nevertheless, those suggestions were largely ignored, and, in 1974, the International Energy Agency was formed to represent the interests of oil-consuming countries and to create a counter-balance to OPEC.
The second oil crisis in 1979 and the First Gulf War in 1990 proved, although many thought otherwise, that the international community had not learned that a collapse or spike in the price of oil could cause confusion in the international oil markets, damaging both consumers and producers alike. Political problems stemming from the fact that none of the most developed countries are energy sufficient cannot be blamed on oil alone. Recently, Russia has been using its dominant position as a supplier of natural gas to Western Europe as a leveraging tool in its dealings with the EU policymakers.
Many countries around the world do indeed perceive their dependence on energy as a potential source of strategic problems and actively promote alternative sources of energy, such as solar (Spain, Morocco), wind (Southwestern US), or bio-fuels. The global appeal of the Japanese bullet trains, and the expansion of this rail system to Europe in the 1980s and 1990s, to China in the early 2000s, and to other Asian countries in the near future, is a valid example.
All issues related to energy use are closely linked to environmental policies, which have had a significant impact on several industries, and perhaps none more so than the automobile industry. For example, a few major cities, including London and Paris, have made it progressively more difficult for drivers to use their private cars.
In this dialogue, we will be taking a close look at the issues surrounding oil dependency, consumption, and production in todays globalized market.
1. Research the Internet for information on the political and economic relationship between the US and EU on one side, and the major oil-producing countries in the Middle East on the other.
2. compare and discuss future scenarios in these relationships. Answer the following:
How are U.S. approaches to oil-producing countries and bio-fuel applications different from those of the EU?
How may those future developments affect the car industry?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.