Abstract
This paper reviews the relationships between OPEC crude oil production levels, Canadian crude oil prices, and Canadian crude oil consumption. The paper includes a regression analyses applied to relevant data to assess the effects of OPEC production.

From the Paper
"Poor discipline among the member states of OPEC together with increased production in non-OPEC oil exporting states compromised OPEC's ability to dictate world crude oil prices. The organization, however, continues to play a highly important role in the world crude oil market..."

Tags:Crude, Oil, OPEC, Marker, Share

Abstract
This report provides a microeconomic analysis of crude oil behavior over a 25-month period (March 2001 to April 2003). The conclusion drawn was that supply expectations, as opposed to actual supply or demand changes, were the greatest influence on crude oil prices during the period of analysis. The paper includes 4 charts/graphs and 1 table.

From the Paper
"Over the past six months crude oil prices have been especially volatile although the general trend has been upward over this period. Over a two-year period however crude oil prices have also ..."

Tags:Price, behavior, Crude, oil, LRAS, SRAS, AD

Abstract
This paper relates that while the Organization of Petroleum Exporting Countries (OPEC) is often considered to be a conglomerate of all the powerful oil producing nations of the world, the actual power of OPEC may not be as substantial as is perceived. The paper discusses the fluctuation in oil prices and how it is due to trader and investor expectations as well as speculation. The paper also examines other factors behind the price increases and then addresses the recent deflation in oil prices. The paper concludes that in order for the United States to grow in independence and away from the seemingly cartel-like oil environment of the world, an increase in domestic oil must be pursued.

Outline:
The Crude Oil Market
The Power of OPEC
The True Players of the Oil World
Eternal Demand, Finite Supply
Fluctuations in the Crude Oil Market and Price Regulation
Tangible Oil Price Fluctuations
Conclusion

From the Paper
"The crude oil market is one of incredible demand with a seemingly limited supply; however this will be exhibited to be at times merely a matter of perception. The oil market in recent times, particularly within the last two years, has been relatively volatile. Prices have spiked up and dropped down, creating a situation of speculation which in turn has allowed a bubble to develop. Traders warned that the crude oil market was moving into an "unstable equilibrium" as the International Energy Agency (IEA) raised concerns about the market's ability to meet an expected jump in demand for oil-based products. (MEED 16) This lack of supply for the expected demand, which may perhaps be the result of cartel-like collusion on price manipulation, will inevitably lead to an increase in the cost of oil, which ultimately will trickle down to the consumer."

Tags:traders, investors, speculation, OPEC, cartel, monopoly, supply, demand

Abstract
The paper provides definitions of economics, microeconomics, the law of supply, and the law of demand. Factors that lead to change in supply and demand are also identified. In addition, the current discussion analyzes trends in consumption based on the article entitled "OPEC Should Cut Oil Supply if Demand Slow -Iraq". More precisely, analysis is provided to explain what has occurred to change the demand and the supply of the oil.

From the Paper
"The following discussion a general explanation concerning concepts fundamental to the study of economics. Specifically, the current study provides definitions of economics, microeconomics, the law of supply, and the law of demand. Factors that lead to change in supply and demand are also identified. In addition, the current discussion analyzes trends in consumption based on the article entitled OPEC should cut oil supply if demand slow -Iraq. More precisely, analysis is provided to explain what has occurred to change the demand and the supply of the oil."

Tags:economics, law of supply, law of demand

Abstract
The paper researches the potential effects on the American economy of high crude oil prices in 2004. The paper discusses the dependence on oil for energy purposes and describes the energy problems in the U.S. and the world at large, including crude oil prices. The paper illustrates the effect on the American economy.

From the Paper
"High crude oil prices and in turn high prices for refined products, are the source of worries about the economy in the fall of 2004. The world's dependence on energy sources, most of which are not located in areas where they are consumed, causes the locations of world energy reserves to be as crucial a concern as are the energy surplus and deficit characteristics of the various international regions."

Tags:Crude, oil, prices, Macroeconomic, effects

Abstract
This paper investigates the environmental hazards that result from the exploration, transportation, refining, and storage activities related to crude oil and refined products in countries all over the world. The paper provides a holistic view of the effects of the petroleum industry. It is important to note that, for the petroleum industry as a whole, geographical boundaries and limits are generally inconsequential.

Table of Contents
1. Introduction
a. Evaluate the Topic
b. Analyze Scope and Purpose of the Project
c. Alternative Approaches to the Problem
d. Specific Tasks That Will Be Undertaken in This Study
e. Success and Monitoring Required to Access the Project Process
2. Data gathering and Analysis
a. Overview of the Issues of Environmental Protection
b. Petroleum Reserves and Extraction of Crude Oil
c. Refining of Crude Petroleum
d. Storage of Crude Oil and Finished Product
e. Transportation of Crude Oil and Finished Products
f. Used Oil
3. Discussion and Evaluation of the Study
a. Evaluation of the Information
b. Clean-Up of Spills and Contaminated Sites
4. Conclusion
5. Bibliography

From the Paper
"Petroleum products are probably the most commercially and domestically used form of energy source today. As a commodity of great strategic importance, petroleum has tremendous international bargaining leverage. Railroads and pipelines were built and developed to help transport the crude oil from the areas of production to the refineries. From electricity generation to transportation, petroleum products play crucial roles in today's social infrastructure. It is however important to note that the industry is not without its problems. One of the main issues in this industry is the increased environmental impact as a result of the various processes. The potential for the occurrence of extremely hazardous conditions from processes and stages such as the transportation of oil by marine vessels and the storage of large quantities of oil is high."

Tags:electricity, generation, petrol

Abstract
Examines various aspects of the global crude oil market. Dominant issues. Future supply/demand assessment. Role of OPEC. Economic effects on Saudi Arabia of future supply and demand for crude oil. Discusses past developments, the energy crisis and crude oil supply and demand in 2001. Global environment. Future implications. 3 Tables.

From the Paper
"THE INTERNATIONAL OIL MARKET: FUTURE SUPPLY/DEMAND ASSESSMENT AND ITS PROBABLE IMPACT ON THE ECONOMY OF SAUDI ARABIA

Introduction
From March 2001 to November 2001, the global crude oil market shifted from an environment of under supply to an environment of under demand. In early-2001, the dominant issue in the context of the global crude oil market was the probable economic effects on oil-importing nations. In late-2001, however, the dominant issue in this context is the probable economic effects on oil-exporting nations; especially oil-exporting nations for which crude oil is the country s primary source of export earnings ( A changing Oil Market 19).

Saudi Arabia is a prime example of an oil-exporting nation for which crude oil is the country s primary source of export ..."

Abstract
This paper investigates how economics affects when people opt to use some modes of transportation over others and why these choices are made. The paper uses unemployment rates, median family income and crude oil prices to anticipate the change of passenger's miles of three transportation modes - air total passenger's miles, highway total passenger's miles and intercity/Amtrak total passenger's miles.

Table of Contents:
Introduction
Literature Review
Methodology
Results & Conclusion

From the Paper
"For air transport, we need to focus on median family income. We usually think increasing oil prices result in decreasing the number of passengers. However, not only the oil price increases, but also the total passenger's miles increase. In my opinion, this is because the increasing income seems to offset the increasing oil prices. Another reasons is that people with high levels of income will use flight transportation more frequently than people with low levels of income; the income levels are a determining factor when choosing flight transportation. Thus, we can explain why the unemployment rate is not significant statistically with above logic."

Tags:passenger, intercity, Amtrak

Abstract
This paper presents an overview of the process whereby crude oil is turned into gasoline in a refinery. The paper gives a breakdown on all the components used in the process. It then looks in detail at the four steps used in the process: separation, upgrading, conversion and blending.

From the Paper
"The various constituents of crude oil have one big difference in their physical properties that can be used to separate them, i.e., their boiling point. Distillation is a process wherein a liquid is boiled to a point that it vaporizes and then it is collected and cooled down again to get it in liquid form again. However, if the original mixture that was being boiled consisted of two of more liquids with boiling points that are sufficiently far away, it would be possible to boil and vaporize one of them and then collect only that liquid at the other end. This is the process called fractional distillation. In the separation stage, this is the principle that is fundamentally at work."

Tags:petroleum, products, carbon, caltex, thermal, cracking

From the Paper
"An Analysis of Changes in United States Crude Oil Prices Over Time: 1972-1996
Introduction
This research analyzed the price of crude oil in the United States over time. The findings of this analysis are presented as follows: (1) definition of the product; (2) nature of the product; (3) major competitors; (4) other factors relevant to the price of the product; (5) specification of variables for the analysis; (6) results of the statistical analysis; (7) forecasts based on the statistical model; and (8) limitations of the forecast.


Definition of the Product
The product for which prices are analyzed in this study is crude oil sold in the United States. Crude oil is unrefined..."