Literature Review On Reasons For Changing Petrol Prices

2369 words - 10 pages

I have chosen three relevant articles that I have summarised and reviewed in order to achieving my research aim. Two of the three articles support the hypothesis that civil war is indeed the reason of increasing prices of oil and the other articles states that there are other forces that affect the pricing of petrol especially when looked at in a local point of view.
Articles FOR research hypothesis

The main country that South Africa imports its oil from is Saudi Arabia, a neighbouring country to Syria. Syria is said to have gone through civil unrest beginning of 2011, this unrest has gone on till this day. The reasons for this these wars are usually based on government instability and bad leadership. The government of Syria used chemical weapons against its own people; this caused the uprising of rebel forces. Even though Saudi Arabia is much too stable to be affected by issues in Syria, the tensions caused the oil prices to elevate this is due to the fact that the markets have evaluated the situation and fear that disruption of supply is a possibility which entails that Oil won’t get delivered to its destination, therefore making the supply low and the demand high. Ingrid Pan of the Market Realist writes: “Military action in Syria has the potential to disrupt normal oil production and transportation operations throughout the Middle East” Even though an Intervention by the United States of America in Syria has nothing to do with Saudi Arabian matters, it still has the potential to disrupt the operations and systems put in place to produce petrol, to export Crude Oil and to transport it, it may not be a certain reading of the situation however Oil is such an essential resource that precautions have always got to be set in place, should such issues break out. Countries such as the United States of America (USA) have seen this turmoil in Syria and have decided to intervene. This intervention could be seen as both a positive and a negative, it is a negative as the disruption of Oil transportation could be sent to an all-time high, as locals and the government may not welcome the intrusion by the USA. This then means that there will only be more disruptions which will always a rippling effect on the entire world. An example is last year when South Africa experienced a petrol shortage, the intervention in Syria by the USA may not have been the direct cause of this shortage but it certainly played a part, thus further proving the rippling effect that socioeconomic problems have on the trading of Oil. There is however a positive to other countries intervening on the civil wars in the Middle East. If governments seek the assistance of other countries such as the USA in order to bring civil wars to an end, this could greatly decrease the possibilities of supply disruptions because there would be cooperation between forces trying to ensure the safe transportation of Crude Oil.

The article written by Ingrid Pan for the Market realist was quite one...

Find Another Essay On Literature Review on Reasons for Changing Petrol Prices

Write a book review stating reasons for your opinions on the novel 'Two Weeks With The Queen'

552 words - 2 pages A Book Review on Two Weeks With the QueenMoris Glietzmans novel, Two Weeks With the Queen is a story about a boy called Colin who after discovering that his little brother Luke is dying of cancer sets out to find a cure. During this novel Colin learns much about himself and the world around him. He learns that you have to accept things even if you don't want to, you cant always rely on others and the importance of having family with you during

Literature Review for Improving Serial Number Tracking

1869 words - 7 pages another person or group, especially a business enterprise that pays for radio or television programming in return for advertising time” (Bucero, Englund, 2006, p. 8) The commitment of management and sponsors are not solely concentrated on those 5 roles. However, a committed team may consist of various roles. Bucero et al. (2006) states “We consider sponsorship is an active role during the project life cycle. Obviously, the types of activities to be

Literature Review on Organizational Change and Mergers

2364 words - 10 pages , 2004). It is one of the purposes of this project to examine the effects of the merger on the culture of both departments. However, despite previous research on the impact of mergers on organizational culture (Stahl & Voight, 2007; Weber & Camerer, 2003), no such studies exist in the context of a fire department merger. This review of current literature provides a detailed summary of research conducted on organizational change, culture, and mergers

A Literature Review on Post Occupancy Evaluation

2061 words - 9 pages Introduction: Through out this essay I will conduct a literature review on post occupancy evaluation, to give the reader and myself a better understanding what A Post occupancy evaluation (POE) is. I will also look into how it works for different people involved with the building and what benefits it may have for both the client and the users of the site. I will be looking for research to back up the use of this particular way of gathering

Outline and Literature Review on Management

721 words - 3 pages Literature Review OutlineMotivation of employees and creating harmony in the workplaceThree issues that considerably add to higher levels of employee motivation and performance, Nemerov (1993)Supervisors should enhance the motivational climate in the workplace, Atwood (2004)Employees Motivation and Theories and their Implication for EmployeeRetention within Organizations, Ramlall (2004)Management style of managers in Sierra Leone is based on

Literature Review on Zora Neale Hurston

1551 words - 7 pages interested readers. In other words they had to remove their outside preconceptions on the culture by removing the culture that they know. As Michael Fischer states in Ethnicity and the Post-Modem Arts of Memory, "the ethnographer, and the cross-cultural scholar in general often begin with a personal emphatic 'dual tracking,' seeking in the other clarification for processes in the self.... For many the search in another tradition ... can serve as a way of

A Review of the Literature on Marijuana

3267 words - 13 pages A considerable amount of literature has been published on cannabis specifically marijuana. These studies classify marijuana into three species: Cannabis sativa, Cannabis indica, and cannabis ruderalis. In fact, Cannabis sativa is the most widely used and recognized among the other species due to its ability to produce more fiber and oil. For many years, the plant has been used for making clothes as well as lighting and soap. Nevertheless

Literature Review on Dreams: Sigmund Freud’s Psychoanalysis

1814 words - 7 pages Literature Review on Dreams: Sigmund Freud’s Psychoanalysis Freud initiated a therapy called psychoanalysis towards helping patients overcome mental problems, using an in depth analyze of a patient’s dream. Freudian psychoanalysis assumes that dreams fulfill a certain function. Freud considers dreams as a mental activity also experienced by our ancestors. The mind begins to disconnect from the external world during sleep but remains in an

Literature Review On Leadership in Global Organizations

871 words - 4 pages universal leadership principles that are known to be very effective when they are applied in multinational corporations and environments. However, leaders in multinational environment must understand the limitations of one’s own cultural norms. In addition, leaders will definitely have the most positive influence if they have the willingness to recognize the limitations of their own cultural norms. This Literature View will explore the universal

Literature Review on Underwater Wireless Sensor Networks

2272 words - 9 pages Summary Underwater wireless sensor networks are significantly different from terrestrial sensor networks in which sound is mainly used as the communication medium. This paper reviews the main challenges caused by the underwater environment for the development of efficient under water sensor networking solutions and introduces several novel medium access control (MAC) protocols with power control to increase efficiency and save on energy. I

Literature review on building team effectiveness

1097 words - 4 pages communication skill and able to solve a problem. Team leader in this case is expected to have facilitation skills and ability to lead and control meetings. Finally, specific review on both good and bad action of reaching goals from each member can maintain a better working environment and member's relationship.5.5. Relationship and valueRespect is essential which implies seniority and experience. Interpersonal relationships among team members indicate

Similar Essays

Literature Review On Advertising

3497 words - 14 pages CHAPTER TWO LITERATURE REVIEW 2.1 Introduction Advertising is increasingly important in our modern life (Munusamy & Wong, 2007). It was because it can use to transmit a message to a great number of audiences easily (Al-Boloshi, 2010). Hence, many researchers have done their research about advertising. For example, there are many researchers test about the entertainment, informativeness, and credibility of mobile advertising (Haghirian

Literature Review On Employee Motivation

2725 words - 11 pages Chapter-2 Review of literature Motivation: Motivation is the reason or reasons for engaging in a particular behavior as studied in economics, psychology and neuropsychology. These reasons may include basic needs such as food or desired object, hobbies, goal, state of being or ideal. The motivation for behavior may also be attributed to less- apparent reasons such as altruism or morality. Motivation refers to the initiation, direction

The Effect Of Changing Distance From Toronto's Central Business District On Parking Prices

3643 words - 15 pages downtown area rapidly diminishes. The characteristic of decreasing building height is relevant because at the core of the CBD, competition for land results in higher rent prices and businesses must therefore be more productive by maximizing land space (Waugh). On a limited expanse of land, the only way to do this is to build upwards, so taller buildings within the CBD will indicate a more economically prosperous area (Wakefield). Because of these

Literature Review On The Use Of Treated Water For Concrete Use

2055 words - 9 pages Objective: Main objective of literature review of the paper was to study the utilization of treated water or reclaimed water for use in concrete mix and for construction purpose. Recycled water is generally treated as reclaimed water means water recycled from various sources. Introduction: Due to rapid industrialization, urbanization, the effect of globalization all through the world increased the consumption of concrete in construction