Subprime Crisis

INTERNATIONAL OIL PRICES: ARE INDIANS OVERPROTECTED? Submitted by The Gladiators INTRODUCTION & understate NOTE: The Kingdom of Heaven runs on righteousness whereas the Kingdoms of basis runs on oil and the Arabs have oil. The world is increasingly symbiotic on foreign oil which poses a problem for the thrift way out far beyond those associated with oil deficits, scathes and volatility. The year 2007, would go down in the books of history as the year in which International Oil Prices surpassed the $90 per barrel mark for the offset time. The price as on 21st November 2007 was as broad(prenominal) as $ 99.29 per barrel! (Appendix 1) There have been price summations introductory as well, but a sustained increase of such(prenominal) a huge magnitude is something unheard of, and calls for worldwide attention. to a greater extent(prenominal) so because, the last time there was a like increase, the world economy went into a recession. But first of all, it would be helpful to know why there has been an abrupt increase in International crude Oil prices. While the spreading between the supply and demand due to rapid gain is the main culprit here, there are many more factors affecting this steep rise, like, depreciation of the dollar, decline in the U.

S saki rates, speculations in the futures market, OPEC strategy and Political circumstances. Also, the fact that companies have started direct with low stocks, means there are fewer cushions to support, in times of less supply, and this adds to the increase in prices. Although the prices have been going up (and down to a very negligible extent) in the international crude oil market ever since this development, there seems to be very little signs of their effect on the Indian Oil Market. This innocuous behavior is what stands out, much in discriminate to the commonly held belief that the developing countries are the ones to be the worst affected. India at the moment seems oblivious to the real effects of price rise and is still... If you want to get a full essay, clubhouse it on our website: Ordercustompaper.com

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