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Buy custom A Rival in Consumption: Petroleum

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Topic: Business
Number of pages / Number of words: 5 / 1271
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The price of crude oil today is just above $100/barrel leaving the United States gasoline companies low in supply of gasoline, thus causing the prices to rise due to inflation and production quotas.

Being the most prioritized resource around the world, petroleum is a rival in consumption and from the management perspective of OPEC, needs to be regulated through quotas in an outlook to maximize profit and distribute the output accordingly...


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OPEC’S production limit today is well short of what the world demands, thus nations suffering bad economies lack the crude oil supply that is preferred at a given price, or they pay a dense quote per barrel as a remedy.

As of 2/08, OPEC’s members have been producing 29.67 million barrels per day, about 1 million short of the quota...


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General points of the essay

A Rival in Consumption: Petroleum Changes in the Supply, Demand and Pricing of Crude Oil and Gasoline Price of Gasoline Rrl On Psychological Reactance And Gasoline Prices The Price of Gasoline The Effects of the Unstable Relations between the Organization of Arab Petroleum Exporting Countries and the United States of America after the 1973 Oil Crisis The Rise of the United States Gasoline Prices Gasoline Racism Today In The United States What's The Answer for High Gasoline Prices? Why Are Gasoline Prices Going Up So High? BRAZIL AND THE UNITED STATES: TWO VERY DIFFERENT SYSTEMS OF ETHANOL PRODUCTION Chinese Car Companies Soon to Make Waves in United States gasoline refinement

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