Oil ; gas Essay Example for Free

Oil ; gas Essay The economy is affected by many factors that determine if it is strong or weak. These factors have to do with buyers consuming goods and services and at what rate they do this. Do the goods and services that are consumed by people created wealth, jobs and a better overall economy for a country. Throughout history some economies have evolved faster and stronger than others. Policies that the government places on industry, technology and the environment can all affect the prosperity of an economy. Of the factors that affect economic growth the industry of Oil and gas is one that holds a stronghold in the worlds and Americas economy today. When evaluating the economic growth factor of economy and specifically oil and gas on must consider the following questions:  ¨ What relationship does the factor have with the whole economy?  ¨ How does this factor affect economic growth  ¨ Is the factor a cause or effect of economic growth?  ¨ what would the economy be like if there were significant problems with this factor?  ¨ What relation does a central bank have to this factor? I will answer each of these questions in respect to how economy is affected by oil and gas. The economy in the United States today is greatly affected by oil and gas. When there are large reserves and an increase of active drills in respect to oil, the economy seems to receive a boost. This is because prices for such things like gas and oil fall and people are able to consume more gas at a lower price. There is more supply and prices fall, therefore people save money on gas and can consume other items in the economy. People working in these industries have more job openings and more jobs filled, therefore creating a lower unemployment rate and a higher national per capita income. The need for substitutes are not there so, consumers will consume oil and gas at a growing rate. Since, people use oil and gas for so many different things like heating there homes, driving their cars, and a variety of other sources, the overall GNP for the consumer will rise. Economic growth is affected through significant fluctuations in inflation of oil and gas. If you look throughout history when there have been fluctuations in gas and oil prices you have vast fluctuations in the economy of our country. The instability of this factor has cause government regulation to come into play in times of crisis. For example during the mid-seventies we had the oil and  gas shortage due to the Middle East cutting off supply to Importers of their oil. By doing this, they caused a shortage in a lot of countries creating rising oil prices and high demand. Consumers could not rely on the oil prices to be stable, therefore they consumed less of other products due to the inflation of gas prices and more of their dollar began to be spent on gas. Americans particularly started to come up with more efficient means of using and consuming gas over the past 25 years. Oil and gas is a resource that can be used up if not conserved properly. That is why OPEC was formed, as well as organizations such as NAFTA to help regulate trade of these commodities and bring organization to a disorganized status. In addition, governments like the United States impose taxes on gas to regulated the prices in order to ward off against supplies of oil affecting the nations economy. This only works to an extent, in the early to mid-eighties one states economy lived and died by the supply of oil. That state was Texas. When Texass oil rigs began to dry up, their economy went into a recession. Their reliance on the oil supply as their main revenue producer caused a lot of people to lose their jobs and demand and consumption for other products fell as well. This caused a spiraling effect which caused people from all industries to lose their jobs. Texass economy suffered and so did parts of the American economy with High inflation and high debt which caused the economy to suffer. Increased regulation and diversification of a countrys resources can stop this from being the case. Countries representing OPEC all live and die by the constant production of oil. While this factor is used to stimulate their countries economic growth, it should be used to stimulate the building of a countrys infrastructure. Oil-rich countries should use the positive affect oil has had on their countries to build strong governments and consumer demand for other goods. This powerful infrastructure that could be built will give the economy stability and allow for a countrys GNP to grow in a slow, steady, and positive way. The building of a strong middle-class will allow for countrys to prosper for many years to come. Instead what has happened is that economies of these countries are in a state of flux. What I mean by this is that their economies are very unpredictable and unstable and their reliance on oil has made the disparity between the rich and the poor a gap that becomes too large to overcome. One prime example of this is Brazil, Brazil has large  reserves of oil in a very large country. Brazil is a developing nation and is very unstable when it comes to central governments. In the 70s and 80s Brazil made large amounts of oil from its reserves. Instead of investing the money made (from exporting oil) into their countries future, the leaders of that country used the money to make themselves rich and left the country in political and economic disarray. The middle class of Brazil became almost non-existent and their seem to be but two classes in that country. Those classes were the extremely rich and the extremely poor. The lack of infrastructure and consumer confidence in the economy due to the mishandling of oil profits lead to many political assassinations and increased crime rates throughout the country. It has taken and will continue to take Brazil years and years to recover from these economic crisiss , which all could have been avoided had Brazils government invested in its future. It is definitely true that an economy of a country can be vastly affected by the demand, consumption, and supply of oil. The affect that good supplies of oil has on a countrys economy is one that can only be measured in the sense that it is inevitable that they will be affected. As long as we drive cars that are fueled by gas and we use heat in the winter time, oil will always be a strong factor in determining the growth of a countries economy. In the United States, we have the strong infrastructure to adapt to problems that the instability of both the supply and demand of oil will cause. Countries need to look within themselves for managed growth in order to steady their economies if oil is what sparks their economy. A strong central bank and government will allow for funds to be invested in supporting the economy, the oil business, and consumerism. Once the infrastructure is set the shear reliance on oil will not be a factor, because the countrys economy will be able to handle the affect. When the day comes that oil wells ran dry and substitutes are needed the countries that will survive will be the ones that have braced themselves for the effect that this will have on their economy. Then these countries will adapt and overcome. Oil and gas should be used as helper of a countrys economy and not the passion by which it is run. The production of great income for a country and a higher GNP that oil production is something that should be able to benefit them for many years to come. If you look at the United States as a model you will see a country that handles oil with precision. When the oil industry is in a downturn, the  government can step in and regulate taxes and stimulate investment by having the central bank pump in funds that would not otherwise be used. When the oil industry is doing fine, the government can sit back and reap the prosperity of increases in employment and a rise in demand for oil. The prices will be lower for gas and oil, which means consumption will be up and the economy will be up too. Countries around the world can learn how to handle oil to the extent that it creates an agenda that the benefits far outweigh the costs. We know that oil and gas affects the economy and that it easily regulated by strong central government and bank. The infrastructure must be built up to manage growth. The leaders of the country should be committed to the development of the oil industry. Finally the consumers should be aware of how their role in the consumption of oil will affect the economy as a whole. When all parties are aware and committed to the prosperity of their country and to the industry then the consumption, supply, demand, profits, losses, and investment towards oil will be a mutually beneficial one for the country and its people.

The Second Red Scare Essay -- Politics McCarthyism McCarthy

The Second Red Scare The McCarthy era, which generally spanned from 1947 to 1957, brought to the forefront of American politics the question of civil rights. At issue were controversies about both First Amendment rights to assembly and free speech and Fifth Amendment rights to due process and freedom from self-incrimination. Anti-Communist actions often involved restrictions on these rights, and heading the anti-Communist movement was the House Committee on Un-American Activities (HUAC). This committee, which consisted of government officials from Congress, was formed to investigate the threat of Communism in America. In doing so, the committee brought in witnesses, usually individuals thought to have, or to have had, Communist affiliations. The overzealous tendencies of HUAC, however, resulted in the use of bullying and smear tactics in its quest to expose a supposed Communist conspiracy. Coming to the defense of individuals under attack by anti-Communists was the American Civil Liberties Union (ACLU). The ACLU’s aim was to champion civil rights, regardless of the ideologies of the groups it defended. Its activities have ranged, for example, from defending the rights of Nazis to protest during the seventies to espousing the abolition of segregated schools in the South during the fifties. In the McCarthy era, the ACLU had its hands full dealing with threats to civil rights that stemmed from anti-Communism. The ACLU, however, was not without its own anti-Communistic sentiments. Indeed, within the ACLU was a cadre of anti-Communist members that made it difficult at times for the ACLU to take a strong stance for the civil liberties of suspected Communists. This side of the ACLU often gets overlooked, as do the original intentio... ...arvard U.P., 1955. Kazan, Elia. â€Å"Executive Hearing.† Laws and Orders: Humanities and the Regulation of Society. Ed. Gail Hart. Boston. Pearson Custom Publishing, 2002: 402-408. Parnell, Thomas. â€Å"Transcripts from Hearing Before the House Committee on Un-American Activities (HUAC).† Laws and Orders: Humanities and the Regulation of Society. Ed. Gail Hart. Boston. Pearson Custom Publishing, 2002: 398-401. Schrecker, Ellen W. â€Å"Archival Sources for the Study of McCarthyism.† The Journal of American History. 75.1 (June 1988): 197-208. JSTOR. California Digital Lib., U of California, Irvine. 11 May 2002 . Walker, Samuel. In Defense of American Liberties: a History of the ACLU. New York. Oxford U.P., 1990. JSTOR. California Digital Lib., U of California, Irvine. 13 May 2002 .

1920s Good Times or Bad Times Essay

For many decades, there were numerous arguments stating whether the â€Å"Roaring 20s† were good times or bad times in Canadian history. Although there were many clear reasons that supported both sides of the argument, I believe that the 1920s were good times. The â€Å"Roaring 20s† were times of economic and social boom. New inventions which are still effective part of our lives in 21st century, growing power of multimedia and entertainment, and modern form of industrial revolution with mass production all originated from 1920s. Moreover, the entrepreneurs and industrializing businesses especially in the central Canada or in the cities were successful. Lastly, stock market was rising gradually until the very late 1920s, until it collapsed. The 1920s were surely the golden era of Canadian history. First of all, great inventions and discoveries were made during 1920s. These fascinating discoveries and inventions had made significant impacts and brought changes in people’s everyday lives. Some of the essential items that we use every day were inventions made in the 1920s, such as vacuums and dishwashers. The three major discoveries and inventions that I believe were the greatest out of all which still are being used today are insulin, private automobiles, and radio. Insulin was the first effective medical treatment towards diabetes. Diabetes was one of the major diseases that had killed many people around the world during 1920s. Proper and effective treatments towards diabetes were needed as soon as possible. In 1921 at University of Toronto’s labratory, Dr. Fredrick Banting with help of his co-leagues and students succeeded isolating insulin which is a hormone from the dog. Banting’s idea was to inject the isolated insulin to the patient’s body since the reason diabetes is being caused is because of the scarcity of the insulin in one’s body. The results of insulin were astonishing! Banting and his colleagues had successfully created new treatment for diabetes. Fredrick Banting was therefore rewarded with highest praise, the Nobel Prize in physiology, and became the first Canadian to ever receive the Nobel Prize in physiology. Insulin is still the best medicine available towards diabetes in modern days. Private automobiles, such as Model T was produced in large quantities by mass production which was caused by modern industrial revolution during 1920s. The method of assembly line made this mass production possible. With private automobiles, distant families could easily connect with each other. Private automobiles had have brought new era of transportation system. In addition, the price of the private automobiles was reasonable. Therefore every average Canadian family had enough money to afford an automobile if they wanted to. The cars, highways, traffic lights, and so on that we see every day had originated from the 1920s. The invention of the radio was fascinating. It allowed people to connect with the world even in remote regions, allowed important messages to be set out to big population in short amount of time, and lastly made the gap between the cities and the countryside smaller. Radio was the tool that allowed people in remote regions, such as farmers to be connected to the world, issues, and so on. It has helped many Canadians to be less isolated and lonely. Radio also marked the beginning of the mass media revolution. It was the radio which influenced televisions, computers, and phones, and so on to be created. All of these great discoveries and inventions I have mentioned were created in 1920s, and they are still very effective part of our lives in modern days. 1920s surely was a very productive decade and was essential towards the development of the World including Canada. The 1920s were the starting point of the Mass Media Revolution. Mass media brought fashion trends, music, games, etc. along with them. Canadians were still in despair and in depression during the 1910s after WWI. Canadians faced high unemployment rates as many soldiers came back from the war, and they were also faced with the sorrow due the loss of the loved ones through the war. It was the mass media and the entertainment which helped Canada to forget about the hard times and to recover. Multimedia such as live broadcasts from new invention â€Å"radio† fascinated the Canadians. They could tune in to different channels in order to listen to many different types of programs. They could hear the music, live broadcast of the hockey game, live entertainment session with the comedian, and so on. The farmers in remote regions in prairies could even hear the live broadcast of the Maple Leaf’s match! Radio therefore has contributed a lot towards the society such as connecting the nation together, sending out information, entertainment, and so on. Secondly, the new fast pace and grooves of the jazz music and new trends of dances were appealing towards the younger generations, and were very popular. These types of music could also have been easily accessed through the multimedia such as radio. Thirdly, the younger generations were also fascinated by the new fashion trends from New York, and other regions in United States. Woman who were extremely in to these fashion trends were called flappers. They have cut their hair short, rolled down their silk stockings, rose the hem- lines, and so on. Flappers believed in the unique characteristics of them and admired the new fashion trends. Lastly, new games such as Mah-Jong from China, and Crossword puzzles from U. S. ere also very popular since they could be easily played by anyone. Without these entertainments and power of multimedia, the variety of multimedia we see everyday perhaps might not have existed. Moreover, these entertainments, and new trends has helped Canada get over the hardships of the post war economy and its effects. Entertainments and multimedia played big role in encouraging the people, which helped the economy to bo om. During the 1920s, the modern industrial revolution began. The idea of mass production was made possible due to the new assembly line system. Industrial revolution affected almost every aspect of people’s lives in 1920s. Private automobiles like model Ts were made on assembly lines at Ford Factories. The stock market of the industries has boomed and reached the highest points. The prices of the stocks during 1920s were considered impossible just a decade before, which proves how high the quality of the economy in Canada would have been during the 1920s. Canada’s economy has increased significantly and great parts of the central Canada had developed gradually in 1920s as well. It was said to be the golden years for the people in the cities, especially to the entrepreneurs and business men. As more money was gained, more money was spent and the development and enhancements were possible. This is how Canada has developed so much in 1920s, despite the depressing years they had faced earlier, which were 1910s due to the World War I. It was true that not everyone was happy during 1920s. Almost every farmer in remote regions has suffered greatly during the 1920s. The grain prices has dropped 50% after the WWI, and the new laws made by the government such as tariffs were only focused towards the workers in the cities, therefore farmers faced economical hardship. However I still believe that the 1920s were golden years to Canada. First of all, the majority of the Canadians were living in major cities, and was involved with the major industrializing economy and services. The farmers in Canada were the minority group. Therefore I believe that it was fair for government to set their focus on majority and support them as much as they could since the majorities were growing with gradual speed. Secondly, the farmers had their golden years during the 1910s, for example, the productivity of the grain industry, fishery, and forestry has grown almost twice in sizes and the prices of these products has also greatly increased during 1910s, or WWI. This decade was also a devastating decade towards the industrial economy due to the WWI. Therefore, I believe that the farmers should be able to accept the fact that it was the other part of the economy’s turn to grow. Lastly, some good came out towards the farmers during 1920s as well. Although farmers were facing hardship, they still appreciated the new inventions, such as radio and private automobiles because they were very helpful. These inventions allowed farmers in remote regions to be connected with the world. All the new forms of entertainments were also appealing to farmers as well, such as Jazz music, talkies which were talking movies, and so on. Therefore I believe that the 1920s weren’t so bad for farmers as well since they have gained a lot during 1910s, and farmers also were influenced positively with the new inventions, trends and entertainments. The â€Å"Roaring 20s† were golden times, especially when compared with the war times during 1910s, and the great depression, â€Å"Dirty Thirties† which the Canadians would soon face. The new fascinating and significant discoveries and inventions, multimedia revolution, new forms of entertainment, and lastly gradual increase in the industrialization economy and services made the 1920s to be successful. Although some visible minorities has faced hardship, it was their sacrifice which made the boom of the economy possible. It was reasonable for the government to support the majority if they had to choose only one group to set their focus in order to develop the country’s economy. I believe that 1920s were a lot more than just a golden era. I believe that 1920s were the cornerstone of the revolutionary development which has helped us reach the society which we currently live in. We should never forget about the efforts and sacrifices that people had contributed for us, and we should also contribute with our best effort to create better society for our future generations.

Corporate Social Responsibility - 2500 Words

(Reporter #1; additional input†¦) Corporate Social Responsibility The broadest definition of corporate social responsibility is concerned with what is - or should be - the relationship between global corporations, governments of countries and individual citizens. More locally, the definition is concerned with the relationship between a corporation and the local society in which it resides or operates. Another definition is concerned with the relationship between a corporation and its stakeholders. According to the EU Commission, CSR is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with the stakeholders on a voluntary basis. The central tenet of†¦show more content†¦In it, he argued that individuals voluntary gave up certain rights in order for the government of the state to be able to manage for the greater good of all citizens. More recently, the Social Contract has gained a new prominence as it has been used to explain the relationship between a company and society. In this view, the company has obligations towards the other parts of society in return for its place in society. †¢ Stakeholder Theory Stakeholder theory states that all stakeholders must be considered in the decision making process of the organization. There are three reasons why this should happen: 1. It is the morally and ethically correct way to behave. 2. Doing so actually also benefits the shareholders. 3. It reflects what actually happens in an organization. According to this theory, stakeholder management, or corporate social responsibility, is not an end in itself but is simply seen as a means for improving economic performance. †¢ Classical Economic Theory Classical capitalism has been the basic inspiration for business. In this view, a business is socially responsible if it maximizes profits while operating within the law. Today the classical ideology still commands the economic landscape, but ethical theories of broader responsibility have worn down its prominences. †¢Show MoreRelatedCorporate Social Responsibility : Corporate Responsibility773 Words   |  4 PagesCorporate social responsibility may also be referred to as corporate citizenship and can involve spending finances that do not directly benefit the company but rather advocate positive social and environmental change. The soul in the next economy forum presentation made it evident that achieving corporate social responsibly in a company can reap major benefits in terms of finances, more inspiring workplace and customer satisfaction. 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