Economic Growth and Oil Companies

Paper Summary:

The paper determines the extent to which economic developments and prevailing circumstances decide the strategic moves and general business policies of international oil companies. The paper looks at the effects of economic growth, interest rates, taxes, labour costs and governmental regulations. The paper shows how national economies strongly influence and determine the strategic moves of international oil companies.

Outline:
Introduction
Economic growth in a national economy
Interest rates
Taxes
Labour Costs
Governmental Regulations
Conclusion

From the Paper:

"Over the past century, natural energy resources have become increasingly important. With the beginning of the industrialization, the role of oil and gas has shifted away from just being the provider of basic human needs to become the most significant source of economic growth worldwide. Today, the limited natural resources are used at an exponential rate, highlighting the general shortage of fossil fuels as well as the lack of sustainable energy solutions. Consequently, international oil companies take an increasingly important role in today's world economy as they are the main distributors of fossil fuels. Dealing with the issue of future energy supply and its constraints, the increasing power of international oil companies is often overestimated."

Sample of Sources Used:

• Frank, R.H. & Bernanke, B.S. (2004). Macroeconomics: The Bird's-Eye view of the economy (Chapter 17). In Principles of economics (2nd ed., pp.429-430).New York: Mc Graw-Hill
• Investorwords.com (2005) Standard of Living. Retrieved 24.11.2005 fromhttp://www.investorwords.com/4691/standard_of_living.html
• Frank, R.H. & Bernanke, B.S. (2004). Supply and Demand: An Introduction (Chapter 3).In Principles of economics (2nd ed., pp. 79). New York: Mc Graw-Hill
• BP Global (2005), Shocks and Successes. Retrieved November, 28, 2005 fromhttp://www.bp.com/genericarticle.do?categoryId=2010123&contentId=2001088
• Wikipedia (2005) Recession. Retrieved November, 28, 2005 fromhttp://en.wikipedia.org/wiki/Recession

More papers on Economic Growth and Oil Companies:

• Research Paper # 68254 : "The Oil Industry"
• Essay # 8719 : "Conditions of Economic Growth and the Asia-Pacific Region"
• Research Paper # 68676 : "21st Century Energy Demands"

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