Abstract In this paper, the writer states the policies of Hugo Chavez, the president of Venezuela and discusses his obvious abuse of power and their repercussions not only on America and the world but also on Venezuela itself. The writer discusses how Hugo Chavez's vision of utopia can lead Venezuela's economy into a terrible crisis. The writer concludes that such utopia could end in further unemployment and poverty, since the country's major earning is through oil production which itself faces upheaval, not to mention the overburdening of economies of America and the world.
Contents:
Abstract
New Policies of Hugo Chavez
Chavez' Utopia
Illegitimacy of the Actions of Chavez
Conclusion
From the Paper "What Chavez is actually trying to do is shift the customer base of P.D.V.S.A., the oil company owned by the state of Venezuela towards Asia where the increasingly oil-thirsty China would welcome it. This would make Venezuela less dependent on US and other neighboring states. Chavez has signed a deal to build oil and gas pipelines between Maracaibo Basin in Venezuela and the Caribbean and Pacific coasts in Colombia which would enable him to ship petroleum to China without using the Panama canal. This would allow him to cut deliveries to those who oppose him and hence forcing them into seeking other sources of oil at of course greater costs. As if this was not enough; Chavez has also announced plans to annul all mining concessions, which were previously granted to private companies. The state mining corporation of the country Corporacion Venezolana de Guayana, CVG, is reviewing many of its contracts and each of them would be modified according to the new laws."
Abstract This paper examines the current situation with Venezuela, the oil reserves being offered to the US by Chavez, the past history of US involvement in Venezuela and military intervention to preserve petroleum interests. This paper also looks at Roosevelt's Corollary to the Monroe Doctrine as an example of controlling US interests in Latin America.
From the Paper "The week before hurricane Katrina hit the US coast, when gas prices were already high and showing no signs of coming back down, Venezuelan president Hugo Chavez offered to sell "gasoline and heating fuel" to the US poor for a reduced price ("Chavez offers cheap gas to poor in U.S."). According to the federal government, the US imports 1,292,000 barrels of oil from Venezuela per day, more than twice as much as from Iraq, and only less than Canada, Mexico and Saudi Arabia ("Crude Oil and Total Petroleum Imports Top 15 Countries"). The relationship between the US and Venezuela has been reported as tense recently, with rumors of US warships heading their direction for a NATO-led attack, and religious-right Pat Robertson demanding the assassination of Chavez ("Chavez: U.S., NATO planning an attack"). "
Abstract This paper describes the stalemate America faces in trying to find a solution to being dependent on oil from the Arab world. The author traces the history and background of this problem, and cites the end of the 1973 oil embargo as the reason that no serious research has continued in this field. The paper additionally shows how oil pricing is high and further outlines the causes of Western dependency on oil. Also analyzed is the connection between oil dependency, the increased energy needs of emerging nations and the environment. The author concludes with a call for more research and public awareness of the issue of oil dependency.
Outline:
Introduction and Background
Genesis, Continuation and Increasing of Problem
Attempted Solutions
Evidence for the Problems of High Oil Price
Causes
Effects
Solutions
Conclusion
Table "U.S. Retail Gasoline Prices"
From the Paper "Solutions to the ongoing and continually-increasing problem of oil dependency could still be reached; if the political will and commitment were to truly exist (and in the opinion of this author, it currently does not). No real solution is viable without that. Oil lobbies would need to lose their grip on Washington politicians, which would even conceivably happen only if a groundswell of citizenry were to threaten to "un-elect" the career politicians supported, politically and sometimes, at least to an extent, personally (trips; favors) by various big oil interests."
Tags:oil, OPEC, United, States, Arab, world, petroleum, dependency, alternative, energy, sources
Abstract This paper discusses the article 'China's Rising Demand for Oil and Pipelines Has Worldwide Implications?'by Gordon Feller. It applies macroeconomic theory to oil as a commodity product in China where oil and other petroleum products, as well as coal, have become a major source of energy production. The paper discusses the opinion expressed in the article that this development in terms of world oil markets, the petroleum industry and the fact that China has great potential to affect the world oil industry either positively or negatively.
From the Paper "In the article "China's Rising Demand for Oil and Pipelines Has Worldwide Implications," Gordon Feller discusses the unexpected negative impact that the ascendancy of China's economy into a major global economy has had on international markets. For years companies all over the globe and especially in the West have viewed China as an emerging market with vast potential for increasing sales for many years to come. Yet, most analysts seemed to overlook the fact that China's economy was expanding for a reason and that its emerging modern infrastructure and middle-class population with greater income levels would have the same energy demands as any other developed nation: China's rapid economic expansion makes it one of the largest energy-consuming nations with demand growth continuing to surge."
Abstract This paper takes a look at the oil industry. The paper reports that the history of the oil industry dates back to the earliest civilizations of the Middle East. According to the paper, there are inscriptions, that originated from Mesopotamia, describing the use of oil from as far back as 4000 B.C.E. The paper also reports that in the United States, the invention of the kerosene lamp led to the formation of the first American oil company, Pennsylvania Rock Oil Company, founded in New Haven, Connecticut, in 1854.
From the Paper "The development of the oil industry also took place in many countries outside of the United States. For example, Canada's first oil boom occurred in Ontario in 1867 and in 1947, the great Leduc field near Edmonton, Alberta, was discovered which soon led to Canada becoming an important contributor to the oil industry. In Mexico, oil production began on a commercial scale around 1918 which made Mexico the second-largest oil producer of the early 20th century. Of course, in 1901, one of the first concessions for oil production was granted in Iran and when huge oil reserves were discovered in 1908, the Anglo-Persian Oil Company came into existence and was soon replaced by the Anglo-Iranian Oil Company in 1914. "
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..."
Abstract This paper looks at every aspect of the oil industry in the Persian Gulf, using United Arab Emirates (UAE) as the specific case study to examine the affects of oil production and its transportation on the environment in the UAE.
The Table of Contents:
Introduction
Nature of Drilling in the United Arab Emirates
The Political and Social Organization of the United Arab Emirates
History of the UAE as a Nation-State
The Geography of the Persian Gulf as a Whole
Temperature, Climate, and Topography of the Land
The Ecological History of the Persian Gulf
Pollution Related to Oil Production and Transportation
Strategies for Improvement
Steps Being Taken
Steps to Take
Conclusions
From the Paper "This does not mean that accidents are not of any concern of the UAE. There is a recognition significant future potential for oil-related accidents. The danger from oil spills is a worldwide problem and the Gulf presents a uniquely challenging environmental situation. There is a high level of traffic through the waters of the UAE by oil tankers and other shipping rigs. Since the Gulf War of 1991, the waters of the UAE have suffered from a number of significant oil spills within the country's recent historical, collective memory. Most of these spills were accidental but the intentional release of Kuwaiti oil by the Iraqis at the end of the War raised serious concerns within the borders of the UAE as to the potential for spilling oil as a war-related tactic. This act gained the attention of all of the Gulf States, convincing them that they should take immediate steps to prevent damage from oil spills in the future. In this case, the political instability of the region acted as a "wake up" call to all of the Gulf nations. (Zeitoun and Goudsouzian, 2001: 150) The most recent spill occurred when an Iraqi tanker called the Zainab, a container ship smuggling Iraqi crude, sank in April of 2001. It was carrying over one million gallons of Iraqi fuel and 300 tons of fuel oil when it sank off the port of Jebel Ali, south of Dubai. (Zeitoun and Goudsouzian, 2001: 150) The spill spread oil along the Sharjah, Dubai, and Ajam coast. Beaches were fouled, and local Ajmani authorities closed the emirate's main desalination water plant as a precaution against pollution. This caused significant water shortages. (Zeitoun and Goudsouzian, 2001: 150; "Gulf Tanker Spill Under Control": MSNBC.COM)"
This paper examines the ongoing debate between those who support the oil industry and those who wish to protect the Alaskan coastal plains from being drilled in search of oil.
Abstract This paper summarizes the argument against drilling for oil in the Arctic National Wildlife Refuge on the basis of damage that would be caused to the environment and the wildlife inhabiting the region. The topic is connected to the events of September 11th which nearly allowed the Republicans to push through an emergency Energy Security Bill, allowing for the extraction of oil from the ANWR.
From the Paper "In the past 10 months many people have claimed that the world as we knew it a year ago has been profoundly and irreversibly transformed with the events of September 11th, 2001. Others have attacked these claims as being yet another example of American ethnocentrism and egocentricity: the world has not changed, the USA simply got a taste of reality. However, whether the United States was living in a sheltered state of denial in which true poverty, destruction and war never found a home on its shores, or whether the world truly has changed entirely, is a subject for a different debate and a different paper."
Abstract This paper discusses and compares the use of oil revenues in various oil-rich Middle Eastern countries such as Kuwait, Saudi Arabia, Qatar, Dubai, Bahrain and Abu Dhabai. The paper studies how the various countries fund -- or chose not to fund -- social welfare programs. The paper examines how the use of oil revenues impact issues of state ownership over social welfare programs, as well as political and religious tensions.
Tags:oil, rentier states, OPEC, Middle East, social welfare
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."
Abstract This paper discusses the Gulf Oil takeover by Chevron. The paper discusses the climate leading up to the takeover and the consequences of the takeover.
Abstract This paper examines the debate over oil drilling in Alaska. It suggests that it is not necessary even given current and possibly future gas shortages in America. It gives various reasons to the adverse affect of using Alaskan oil reserves including the Exxon Valdez incident, the development of supplementary energy sources, and environmental issues.
From the paper:
"As gas prices have risen over the past year, the term "crisis" has been tossed around a great deal, suggesting a number of different possibilities. Among these: Americans may soon run out of gas, Americans may soon be paying five or ten dollars per gallon, and the American will stall utterly if there is not enough cheap gas available. In fact, of course, none of these speculations is true. What is true, and what will be discussed in this paper, is that these higher gas prices are indeed a wake-up call to Americans that something must be done to change our expectations about where our energy will be coming from in the next century."
Tags: environment, energy, Exxon-Valdez, fuel, oil, fuel, prices, energy
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 ..."
Abstract This paper studies the economic and political factors affecting plans of the Kuwaiti government to permit foreign participation in the country's oil industry. The paper begins by discussing the impact of changes in the global economy. Next the paper looks at the Kuwaiti ruling monarchy and the relationship between Kuwait and OPEC. The paper concludes with an outlook for the future of Kuwaiti oil.
From the Paper "For more than three decades the petrochemical sector of the Kuwaiti economy has been completely publicly-owned and for the most part..."
Abstract This paper discusses how it is possible to isolate some of the more major and dramatic effects that oil has on the environment. This assessment considers several consequences, including oil spills, drilling, and even the wider implications of global warming.
From the Paper "The effects of oil on the environment are wide-ranging and could easily fill hundreds of studies this size. Such an examination would span hundreds of years and incorporate information and statistics regarding everything from the expansion of the railroads in the U.S. in the 19th century to the modern production of plastic chew toys for dogs. The point is that oil is a ubiquitous commodity in contemporary Western society. It affects all aspects of our lives in ways most people don't even think about. The effects on the environment, as such, should be considered just as pervasive. Nevertheless, it is possible to isolate some of the more major and dramatic effects that oil has on the environment. "
