Ssay about a study case analysis of the OIL MARKET
please see the websites AND THE ATTACHED
Write an essay about your study case analysis of the oil market covering the following topics:
1. Explain the demand for oil by describing at least 3 determinants of that demand.
2. List in a table the world largest 15 consumers (countries) of oil (search from the net+include the reference)
3. Explain the supply of oil be describing at least 3 determinants of the supply
4. List in a table the world largest 15 suppliers (countries) of oil(search from the net+include the reference)
5. Identify the OPEC member out of the 15th largest and illustrate the OPEC share of top oil producers in a pie chart
Your essay should include an introduction and conclusion and should not exceed 4 pages.
At least 2 references and references are MLA
Student has listed in a table the world largest countries consuming oil for 2009 or 2010 and has identified the source of the information.
Note: as i understand from our course the determinants of that demand are
taste and preferences
the price or related good
determinants of that supply are
cost of the input
technology and productivity
taxes and subsidies
number of firms in industry