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Topic: Social Issues
Number of pages / Number of words: 4 / 970
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It added that OPEC's production capacity would rise by 400,000 barrels a day this year, and by a further 700,000 barrels a day in 2005. (The coming energy crisis)

The situation should improve this year and next. Two new oilfields in Saudi Arabia will be ready to pump 800,000 bpd by the end of September, according to the kingdom's oil minister...


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These new developments were commissioned to replace ageing facilities elsewhere, the retirement of which may now be postponed. Both Kuwait and Algeria will also inflate OPEC's supply cushion by the end of the year, according to their oil ministers. (OPEC's symbolic move)

However, the fact that there are additional sources of oil to be exploited does not necessarily mean that oil will be cheap...


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General points of the essay

2005 ? The Year in Review As Natural Gas Prices Rise, So Do the Costs of Things Made of Chemicals Awb Scandal - Bad Apples Or Bad Barrels? Crude Oil and Prices: OPEC needs to be shut down! How stock market prices affect us? Identification and analysis Of Value Added And Non-Value Added Steps In Work Processes. Market Report: 2005 VW Jetta Rise & Fall Of Oil Prices In 2008 - Speculation The Effects of Light Crude Oil Costs and Stock Prices on Five Class I Railroads What Factors Led to the Slowdown of the US Economy in 2001? Have matters improved in 2004? Evaluate the Risks of a Downturn in 2005 if Oil Prices Remain Over $40 a Barrel. What Are the Effects on the European and Asian Economies? Who Determines The Prices Of Goods In Market? Government Or Free Forces Of Market what causes house prices to rise in the UK market A Full Life With Empty Barrels Effects of Crude Oil Prices Crude oil prices in the market

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