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Oil basically runs the United States. The price directly affects all of us, from the cost to fuel our cars, to our heating bills, to the prices of food, clothes, ect. The higher the price, the more the U.S. pays, and the deeper in debt we become.
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Is finding an oil rig good for a country?
yes ... oil rig for a country is very important n so it will reduce the price of oil
What is the price of a barrel of oil?
As of September 1, 2012 the price of a barrel of oil is $96.48. To see the current price of a barrel of oil see the related link below, which gives the current price of oil.
Why is the concept of price elasticity of demand potentially very useful for a business?
Role of price elasticity in business decision: See every producer has to decide the price of a product ar which he has to sell it.While deciding it,price elasticity of demand becomes important for him.If the demand of his productis less elastic,he will fix up a higher price or vice-versa. The concept of price easticity helps the producers` when they havetodetermine the price of jointlypouced goods. For example: oil and oil cakes are two joint goods.If the demand for oil is inelastic as compared to the demand for oil cakes,a higher price for oil is charged.
What is the current platts price for automotive gas oil?
This is the price of crude oil. The amounts will vary depending on the supply and demand that is placed on the oil.
What was the price of oil in 1992?
The average price of a barrel of crude oil in 1992 was $15.99
Is finding an oil rig good for a country?
yes ... oil rig for a country is very important n so it will reduce the price of oil
Does oil spills helps to increase the oil price?
Yes it does affect the oil price
What is the price of a barrel of oil?
As of September 1, 2012 the price of a barrel of oil is $96.48. To see the current price of a barrel of oil see the related link below, which gives the current price of oil.
Why is the concept of price elasticity of demand potentially very useful for a business?
Role of price elasticity in business decision: See every producer has to decide the price of a product ar which he has to sell it.While deciding it,price elasticity of demand becomes important for him.If the demand of his productis less elastic,he will fix up a higher price or vice-versa. The concept of price easticity helps the producers` when they havetodetermine the price of jointlypouced goods. For example: oil and oil cakes are two joint goods.If the demand for oil is inelastic as compared to the demand for oil cakes,a higher price for oil is charged.
What is the current platts price for automotive gas oil?
This is the price of crude oil. The amounts will vary depending on the supply and demand that is placed on the oil.
Why is Peak Oil bad for us?
When oil runs short the price will skyrocket. Oil is a very important commodity in our economy. The higher the price rises the slower our economy will grow. At some point the economy will shrink. Capitalism does not work on a shrinking economy. Global meltdown will be the consequence - unless we find a replacement for oil by that time.
What was the price of oil in 1992?
The average price of a barrel of crude oil in 1992 was $15.99
What was the price of oil in 1965?
The average price of a barrel of crude oil in 1965 was $2.86
What was the Price of oil n1967?
The average price of a barrel of crude oil in 1967 was $2.92
What is the organization of petroleum exporting countries and why is it an important international actor?
Its made up of the worlds largest oil producers. They are an important actor b/c the set the price of oil per barrel and they control one of themost vital resources
Why is mileage important?
Mileage is important because ,unless you have unlimited amounts of money, as the price of gas climes ever higher it will cost more and more for us to drive. Oil discovery has peaked or is near peaking globally. The demand for oil and it
The price of an oil is rs 30per barrel and price elasticity -0.5 an oil reduces the quantity avilable 20 percent use arc elasticity formula to caluculate percentage increase in the price oil?
the price of an oil is Rs 30 per barrel and price elasticity -0.5 an oil embargo reduces the quantity available by 20% use arc elasticity formula to caluculate percentage of increase in the price oil?
