OPEC’s: the negative impact on developing countries. How petroleum policies among Member Countries impact our economy?.
You will need to identify the event/issue and briefly explain what happened (or is happening), when, and where. You will then analyze the event/issue by determining why it happened as it did. In doing this, you will identify the state and non-state actors involved. Once you’ve identified the actors, use the theories of international relations to help you understand why this event/issue was important to each of them and why each responded as it did.
Focus: The impact of balance of power, globalization, economics, culture, politics, other factors should be used to analyze your topic.
There has been much talk about the US becoming less dependent on OPEC for oil. Today the US is supplying more natural gas domestically, producing more oil. Currently there is a shift in the demand from OPEC, could this be a step in the right direction? The European Union (EU) is a 28 member states with political unions that negotiated decisions with other countries around the world.
The EU governs through a system of dependency and maintain the ability — even more so than producing countries — to substantially lower the prices of oil their citizens pay for finished products but today research has shown that only “20 per cent of the price of finished products, such as petroleum, goes to the producing countries, while as much as 70 per cent ends up in government coffers through high taxes.
The aim of this paper is to demonstrate how the increase in demand of oil in the international markets such as Asia and the Europe has negatively affected the US ability to trade in the world market today. Through research my aim is to demonstrate how dependency on oil had assisted in the reduction trade in the international market among other effect on the US.