Imagine someone at the gas station on a beautiful spring day. As they are filling the tank, they look up and see the price has risen five cents overnight or comparing in their mind, the most recent gas bill from the previous month. “Where do these prices come from?” This is a question most people have asked themselves at one point or another in their lives. For the past decade gas prices have climbed steeply and the pain at the pump has been no different. For every penny increase at the pump, $1.4 billion per year leaves the collective pockets of the people. What could be the cause of rising gas prices in America? Some may say that the political instability in oil producing countries is causing these rising gas prices they pay at the pump. Others may blame the shortage of oil. And yet some still blame the government.
Global politics play a part in the price we pay for our gasoline. The largest parts of the world’s leading oil producers could be defined as being in turmoil and chaos. Because of the climates of the governments that produce the majority of the world’s crude oil, Iran, Sudan, Iraq, Syria and Yemen, countries in Europe and Asia have been in a panic to buy stock for them leading to inflated prices. In layman’s terms, these countries have started to hoard. According to James Williams,” It's exactly a mess,… I would say in terms of overall geopolitical risk of a major supply interruption with limited spare capacity to handle it, this is the worst of times.” If there is a conflict or threat of war or conflict with the chance of a disruption in production in an oil producing country will cause oil and gas prices to increase. The Organization of Petroleum Exporting Countries (OPEC) is an organization of oil producing countries which produces over 40% of the world’s crude oil and has two-thirds of the world’s oil reserves. This organization was formed in 1960 to regulate the supply of oil and to some extent, the price of oil. The organization includes Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, and Venezuela. According to the Chevron Corporation, like agricultural products, such as wheat and corn, and precious metals, such as silver and gold, crude oil is traded on the world market. Recently, crude oil prices have risen dramatically, driven by rising global demand and political instability in several oil producing countries. Since crude oil is the primary raw material used in producing gasoline and other petroleum products, it is essential in price determination of gasoline. The price of crude oil may account for up to half the price of a gallon of gasoline. In 2005 the price of crude oil averaged $50.23 per barrel. In comparison, the average price for crude oil in 2004 was $36.98 per barrel. Fast-forward to the present, and the price of crude oil averages $77 per barrel. It is not just political instability that drive the prices up though.
When the modern oil industry was born 145 years ago in Titusville, Pa., few people worried about just how long petroleum would keep flowing out of the ground. But since production peaked in the United States in 1970, a growing number of geologists, economists and industry analysts have been pondering the question of just how long worldwide supplies will keep up with growing demand. “We really are close enough to the edge to have no excess capacity. Demand growth shows no sign of slowing and now it seems to be accelerating,” said Matt Simmons, a Houston-based investment banker. According to the U.S Department of Energy, if demand rises quickly or supply declines unexpectedly due to refinery production problems or lagging imports, gasoline inventories may decline rapidly. When stocks are low and falling, some wholesalers become concerned that supplies may not be adequate over the short term and bid higher for available product. Gasoline may be less expensive in one summer when supplies are plentiful vs.
Ashton hawthorne World War 1 Gabriel Voisin was of the most productive aircraft designers of theFirstWorldWar. On 5th October, 1914 the Voisin III, became the first Allied plane to shoot down an enemy aircraft. Voisin became the standard Allied bomber in the early years of the war. Successive models were more powerful and over 800 were purchased by the frencArmyAirService. The Royal fkying corpsand the Russian and Belgian airforces also used them in the war. The Voisin V first appeared…
introduced to the people during the World War I. The French shot tear gas rifle grenades at their enemies to stun them. The first major gas attack was at the second battle of Ypres, Belgium, on April 22,1915 using chorine gas released from cylinders was used by the Germans in an assault in trench wars. The gas was very effective and could kill 5000 people and scaring 10,000 also prevented the assault. At the third battle of Ypres in the late summer of 1917 mustard gas and machine guns in pillboxes were…
is that it seems the military people were expecting to stumble on large quantities of gas, chemical weapons and biological weapons.” Hans Blix In this speech you will hear about chemical weapons, biological weapons, prevention of use, as well as defense measures the U.S. took, and finally an example of when they were used all, in that order. First is chemical weapons there are very many different types of chemical weapons here are some examples of them, Tear gas, tear gas is the first one it is a chemical substance that causes temporary blindness to its victims…
Sathyajith Pinikeshi CHC2DB Mr.Pasquontonio May.25.2015 How Modern Technology In World War 1 Changed The Face Of The Earth In 1914, July 28th the First World War broke out bringing in more military advancements making it easier to kill millions of men than ever before. World war one being the first world war also had many other firsts. Air warfare, Sea warfare, and Chemical warfare, were all firsts that made the traditional method where ‘lines of men take turns shooting each other’ un-usable…
people define war as a time of death and horror, but others sometimes define war as a time where many new technologies are being created. During the World War I, countries that were fighting each other starts to find if there is any new ways the war can be fought. From the concept of trench warfare to the new ways of convincing people to join the war using simple propagandas. The new weapons used in the WWI greatly changed the way battles were fought on trenches, sea, and land. Poison gas were used to…
effective was chemical warfare in WWI? 4. Major Thomas S. Bundt, U.S. Army, Ph.D., . Gas, Mud, and Blood at Ypres The Painful Lessons of Chemical Warfare. Print. I found this source online. This source is a primary historical description of a medic that was in the war. This is a very credible source because it comes from someone who was there and experienced it. Duffy, Michael. Weapons of War - Poison Gas. Website. I accessed this site on the Internet. This is a secondary source that gives information…
Poison Gas The president of the United States, Barack Obama, spoke to the nation concerning the aftermath in Syria of the massacre involving poison gas that Assad’s government released into the air on August 21st. He states, “Men, women, children lying in rows killed by poison gas, others foaming at the mouth, gasping for a breath; a father clutching his dead children, imploring them to get up and walk” (Obama). This is just one of the many attacks throughout the nation where poisonous gas has not…
that is why the true poets must be truthful” Wilfred Owen. War is a futile, extravagant and an obscene waste of time according to Wilfred Owen and his poems. Three of Owens poems “Futility”, “Dulce et Decorum Est” and “The Next War” portray war as not the heroic and noble picture that the government and their propaganda place in the societies eye but as the horrible and indecent act it really was. Owen grew was raised believing hat war is honorable and patriotic, however his experiences and personal…
12/12/14 Research Paper on World War 1 In June of 1914 the Archduke Franz Ferdinand of Austria Hungary and his wife were assassinated by a Serbian nationalist in Sarajevo (Part of Bosnia and Herzegovina). The Serbian nationalist assassinated them because Austria Hungary was in control of Sarajevo. This assassination was the main cause of World War 1. There were advances in technology never seen before. There was the use of poison gas, submarines, airplanes, gas masks, new weapons and even the use…
of the most fearful weapons through out the whole entire World War I. Even though killing rate of machine gun during World War I was compared more than the killing rate of Poison Gases. Poison Gases is more as a slow term affect during the war, since when enemies are not in battle the opponent can still use poison gases to contaminate the living environment that their enemies lived in. And most of times during the middle of world war one poison gases affected the soldier’s lives; normally not just…