Papers on "Oil Reserves and War" and similar term paper topics

Paper #028596 :: Oil Reserves and War
Buy and instantly download this paper now

This paper discusses that the supply and demand model for oil and the price elasticity is directly related to the severity and overall nature of the war.

Written in 2002; 995 words; 1 source; MLA; $ 35.95

Paper Summary:

This paper discusses the implication that a conflict in the Middle East could lead to restricted supplies, which would increase oil prices. The author states that, in the event of a war with Iraq, the International Energy Agency (IEA) would tap into their strategic reserves and would offset the drop in production likely to be caused by war. The author believes the worst-case scenario is that an involved war could result an aggressive position by the Arab Oil Embargo, which would cause prices to spike exponentially; however, all signals point to a more optimistic result.

From the Paper:

"The IEA?s initiative is intended to counter the chance of a disruption in oil supplies. If Iraq and Northern Kuwait stopped producing oil, the projected decrease of 2.5 million barrels per day would certainly impact the world?s oil supply. The only other time in history the IEA released reserves was in 1991, with the start of the air campaign for the Gulf War. In 1991, the IEA had announced the release of 2.5 million barrels per day of oil from its strategic reserves. This resulted in a price drop that ultimately fell to $10.56 per barrel."

Tags: east opec conflict embargo barrels

More papers on "Oil Reserves and War"

1. Paper #075717 :: The Alaskan Oil Reserves ( 2,069 words; 9 sources; MLA )
2. Paper #004232 :: Gas and the Alaskan Oil Reserves: A Mistake ( 1,960 words; 5 sources; )
3. Paper #103206 :: The U.S, Oil and the Iraq War ( 3,040 words; 14 sources; APA )
4. Paper #055237 :: Iraq War ( 2,613 words; 8 sources; MLA )
5. Paper #075755 :: Alaskan Oil Drilling ( 1,884 words; 13 sources; MLA )

About AcaDemon

We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper, you download are top-quality, competitively priced and high-level work.

Look for more research papers, essays and book reports on Oil Reserves and War

This Free Term Paper Abstract is a part of our Term Paper Library. Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "Oil Reserves and War", Essays on "Oil Reserves and War", Research papers on "Oil Reserves and War", Student papers on "Oil Reserves and War", Book reports on "Oil Reserves and War", Dissertation on "Oil Reserves and War", Thesis on "Oil Reserves and War", Summary of paper on "Oil Reserves and War", Articles written on "Oil Reserves and War".