Demand And Supply Of Oil Prices - 2413 Words

The sporadic nature of oil prices has over the years posed as a great deal of concern to economists, investors, financiers, consumers, analysts and other relevant stakeholders. In a perfect market, the price of a commodity is an indication of the present circumstances as well as future signals that could impact demand and supply. Ordinarily, we expect prices of commodities to move in response to changes that affect demand and supply at a relatively ‘normal’ rate. When prices change drastically within a short period and consistently over time, then such market is fraught with high volatility – a typical case of the crude oil market. A sudden increase in oil price becomes a concern for the consumer as it results into a reduction in his purchasing power; thereby struggling with allocation of income among competing demands. For an investor, high price volatility increases risk associated with the investment and also creates uncertainties. High volatility will impact the macroeconomic variables in an economy including but not limited to unemployment, inflation, consumption, investment and industrial output (Ebrahim, Inderwildi et al. 2014a). This paper seeks to evaluate oil price volatility by examining the trend of oil price from 1970 to 2013. Attempts will be made to explain the causes and root factors influencing price changes. Finally, a view on whether oil price volatility is inevitable will be established. Annual U.S. Imported Crude Oil Prices Nominal vs.Show MoreRelatedDemand And Supply Of Oil Prices1152 Words   |  5 PagesCrude Oil Industry is central to United State, its future and the world economy. Demand and Supply fundamentals have traditionally determined the price of crude oil. New price drivers have emerged with time. Complexity is on an increase in the oil market, having impact on the oil prices with a variety of factors. The fluctuation of oil price has reached an unprecedented level, with the world crude oil price widely swinging per barrel over the months. The prices reflect the crude oil price swingsRead MoreOil Prices: Demand and Supply1496 Words   |  6 PagesOil Prices: Demand and Supply The demand for oil has been predicted to increase despite the high price of oil. Sources of the demand for oil continue to increase with time worldwide. As countries industrialize and develop, their oil consumption increases together with their economy. Examples of countries that have their economy growing fastest and steadily are India and China. These two countries have their economy growing and the impact their economic growth has on oil demand is great. SomeRead MoreThe Effects Of Oil Prices On The Demand And Supply Of Oil1001 Words   |  5 Pagesthe demand and supply of oil, caused by politics, business changes and cycles, and technological advances, cause oil price volatility across world economies. These factors explain the fluctuations that the global oil industry has faced since early 1990s (Aasim, 2015: 5). The economic boom between 2003 and 2008 caused an increase in oil prices, especially in oil-consuming economies such as India and China. On the contrary, petrol expor ting nations could not match the high demands for oil. Oil pricesRead MoreOil Prices: Driven by Supply and Demand959 Words   |  4 Pages1. Oil prices are almost entirely driven by supply and demand. On the supply side, OPEC seeks to control the prices by virtue of controlling the output of its member countries, which are responsible for around one-third of the worlds oil production (OPEC, 2012). That OPEC can do this is facilitated by the fact that bringing new oil production online takes a long time. Thus, by setting output on a monthly basis, OPEC can control the supply. OPECs actions have a strong influence on prices becauseRead MoreSupply and Demand - Example of Oil Price1384 Words   |  6 Pageshttp://news.bbc.co.uk/2/hi/7048600.stm Wednesday, 2 January 2008, 22:36 GMT What is driving oil prices so high? Oil prices have hit a record high at $100 a barrel. Prices have doubled from the rates seen in January 2007 and more than quadrupled since 2002. What factors are causing this unremitting increase and what are the likely consequences for consumers and the global economy? What is causing the latest price spike? This was triggered by concerns about violence in Nigeria and Algeria as well as theRead MoreThe Impact of Rising Oil Prices on the South African Economy in Relation to the Demand and Supply of New Motor Vehicles1172 Words   |  5 PagesOF CONTENTS INTRODUCTION. 1 SUPPLY VS DEMAND 2 FINDINGS 6 PRIMARY FACTORS. 7 CONCLUSION. 7 REFERENCE. 9 THE IMPACT OF RISING OIL PRICES ON THE SOUTH AFRICAN ECONOMY IN RELATION TO THE DEMAND AND SUPPLY OF NEW MOTOR VEHICLES. INTRODUCTION A continual upward trend in the price of crude oil in recent years has led to increasing concerns about its economic implications, both abroad and in South Africa. This study looks at the rising oil prices and their impact on the South AfricanRead MoreHow Oil Price Affect World Economy1292 Words   |  6 Pages1. Introduction The price of oil becomes the bone of contention recently. Oil price seems to be hitting new highs with the regularity of a metronome. It is a bad news for customers who have to pay more on it. More frightening still, this situation may get worse before it come back to normal. No one can exactly predict when the pendulum will soon swing back again since all uncertain factors existing. From the supply side of view, the OPEC is the main producer, being prepared to add or subtract productionRead MoreThe Core Concepts Of Economics1241 Words   |  5 PagesIntroduction The two factors Demand and Supply are the core concepts of economics. Demand states the quantity of a product one requires to fulfill his needs at particular price stand. On the other hand supply refers market offering of a product at specific price level. There are numerous constituents that affect the Demand of a product. For example Price, availability of alternative products in market, price of the alternative products, buyers’ income, buyers’ purchasing power parity, number ofRead MoreWhy The Price Of Filling Up Has Been Going Down1252 Words   |  6 PagesIntroduction: This article â€Å"Why the Price of Filling Up Has Been Going Down† written by Alan Neuhauser stated that back in 2012. The article analyse fighters with the Islamic State group have seized oil fields, huge swathes of territory and major cities in Iraq and Syria, threatening oil supplies. On normal situation, this is going to threaten markets as it is threaten the supply of oil. Despite of the global unrest the prices at the pump in US are currently at their lowest levels in the year ofRead MoreThe Economic Impact On The Economy995 Words   |  4 PagesOil is a huge part of everyone’s everyday life. From transportation to heating homes and businesses, oil prices are always dramatically changing due to the constant change of supply and demand. The economic impact that the price of oil has on the U.S economy continues to rise and fall due to political instability. Americans especially have a heavy reliance on oil, especially on foreign origins. The increasing price of o il has spiked large concerns and has become a major global debate. Many sources

How to Conjugate the Verb Camminare in Italian

Some definitions of â€Å"camminare† include: To walkTo functionTo progress What to Know About â€Å"​Camminare† It’s a regular verb first-conjugation verb, so it follows the typical -are verb ending pattern.It’s an intransitive verb, so it does not take a direct object when conjugated using the auxiliary verb â€Å"avere†.The infinito is â€Å"camminare†.The participio passato is â€Å"camminato†.The gerund form is â€Å"camminando†.The past gerund form is â€Å"avendo camminato†. INDICATIVO/INDICATIVE Il presente io cammino noi camminiamo tu cammini voi camminate lui, lei, Lei cammina essi, Loro camminano Ad esempio: Di solito i bambini camminano per andare a scuola. - Usually the kids walk to go to  school. Il passato prossimo io ho camminato noi abbiamo camminato tu hai camminato voi avete camminato lui, lei, Lei ha camminato essi, Loro hanno camminato Ad esempio: Abbiamo camminato tutto il giorno! - We walked all day! L’imperfetto io camminavo noi camminavamo tu camminavi voi camminavate lui, lei, Lei camminava essi, Loro camminavano Ad esempio: Giovanna non camminava bene, doveva appoggiarsi a un bastone. - Giovanna was not walking properly, she had to use a stick. Il trapassato prossimo io avevo camminato noi avevamo camminato tu avevi camminato voi avevate camminato lui, lei, Lei aveva camminato essi, Loro avevano camminato Ad esempio: Non avevo mai camminato su questo sentiero. - Ive never walked on this (mountain) path. Il passato remoto io camminai noi camminammo tu camminasti voi camminaste lui, lei, Lei cammin essi, Loro camminarono Ad esempio: I bambini non camminarono molto, perchà © erano troppo stanchi. - The kids didn’t walk much because they were too tired. Il trapassato remoto io ebbi camminato noi avemmo camminato tu avesti camminato voi aveste camminato lui, lei, Lei ebbe camminato essi, Loro ebbero camminato TIP: This tense is rarely used, so don’t worry too much about mastering it. You’ll find it in very sophisticated writing. Il futuro semplice io camminer noi cammineremo tu camminerai voi camminerete lui, lei, Lei camminer essi, Loro cammineranno Ad esempio: Ci camminerà ² da solo. - I’ll walk there by myself. Il futuro anteriore io avr camminato noi avremo camminato tu avrai camminato voi avrete camminato lui, lei, Lei avr camminato essi, Loro avranno camminato Ad esempio: Avrà   camminato per ore. - He must have walked for hours. CONGIUNTIVO/SUBJUNCTIVE Il presente che io cammini che noi camminiamo che tu cammini che voi camminiate che lui, lei, Lei cammini che essi, Loro camminino Ad esempio: Peccato che l’orologio non cammini pià ¹. - It’s a shame that your watch doesn’t work anymore. Il passato io abbia camminato noi abbiamo camminato tu abbia camminato voi abbiate camminato lui, lei, Lei abbia camminato essi, Loro abbiano camminato Ad esempio: Penso che il suo bambino abbia camminato dall’età   di un anno.- I think that his kid walked on his own at one year  old. L’imperfetto io camminassi noi camminassimo tu camminassi voi camminaste lui, lei, Lei camminasse essi, Loro caminassero Ad esempio: Non volevamo che camminassi qua, quindi abbiamo noleggiato un auto. - We didn’t want you to walk, so we rented a car for you. Il trapassato prossimo io avessi camminato noi avessimo camminato tu avessi camminato voi aveste camminato lui, lei, Lei avesse camminato essi, Loro avessero camminato Ad esempio: Sono stanco, mi sento come se avessi camminato tutto il giorno. - I’m tired, I feel like as if I’ve walked all day. CONDIZIONALE/CONDITIONAL Il presente io camminerei noi cammineremmo tu cammineresti voi camminereste lui, lei, Lei camminerebbe essi, Loro camminerebbero Ad esempio: Ci camminerebbe, ma mi ha detto che sta male. - She would walk there, but she told me that she’s sick. Il passato io avrei camminato noi avremmo camminato tu avresti camminato voi avreste camminato lui, lei, Lei avrebbe camminato essi, Loro avrebbero camminato Ad esempio: Avrei camminato ore per vederti ancora. - I would have walked for hours to see you again.

The Black Man and Langston Hughes Free Essays

The term identity is defined by Webster’s dictionary as being â€Å"the state or fact of remaining the same one or ones, as under varying aspects or conditions† however in exploring the concept of Identity in black literature, we can find no definite explanation or definition. We can try to accept that it has been rooted in social situations that are generally more discriminatory, such the institution of slavery. In some way shape or form, the average or normal African American is confronted with the question of where do I fit in amongst the white society? The problem with African American Identity has many dimensions, such as community, class, and color. We will write a custom essay sample on The Black Man and Langston Hughes or any similar topic only for you Order Now The reality of the African American is one that is inescapable in America. Color which is inherent in the concept of self, manifest in race consciousness. This is extremely significant because an African American establishes his identity with other individuals, known or unknown, on the basis of a similarity of color and features, that allowing the individual to be included in groups membership, â€Å"the subject of his self identity. After the African Americans began to search for their identity looking through heritage, tradition, and folk traditions. Langston Hughes to me has been nourishing the black sensibility and inspiring it to create Afro American literation and transforming it into a â€Å"literature of struggle. † The poetry of Langston Hughes has the theme of â€Å" I, too sing America† He made extraordinary contributions to American literature and has came to be regarded as a leading voice in the Renaissance of the arts in the 1920’s. Hughes growing up asked the same question to himself of who he was, his lack of identity in society, which put a large impact on his mind and soul and made him a poet of the blacks. Hughes developed a distinct movement of â€Å"negritude† which may be regarded as the soul of the Renaissance. Rising from the consciousness of his skin color and passing through various stages of identification with people and territory of Africa, and finally grounding it in the American Past. Negritude â€Å"in the poetry of Hughes evolves into a definite and enduring concept expressive of definite vision. He Hughes doesn’t suffer from what W. E. B Dubois terms as a double consciousness. â€Å"Two souls, two thoughts, two unreconciled strivings, two warring ideals in one dark body. † Search for identity seems to be a vital aspect in the work of Langston Hughes. The identity of an American black citizen was denied to him and there was a loss of identity which a modern man living in the 20th century experiences. The Black people of America are American, the African and Black Americans are at the same time. Africa which is thought to be homeland for blacks, was dealt with by Langston Hughes, who missed the natural beauty of Africa and dreaded being caged in the mayhem of civilization. He searched his roots back in Africa. Primitivism had already become a fascinating alternative for people for people not interested in the 2nd industrial revolution. It gave new meaning of going back to the roots and ones identity. The poem â€Å"The Negro Speaks of Rivers† is an example of the of the urge and need of the Negro to go back to his own land to find ethnic connections. The poet says: I’ve known rivers: I’ve known rivers ancient as the world and older than the flow of human blood in human veins. In the poems entirety the rivers symbolize the glorious past, which have been flowing since humanities inception. So the African who has known rivers cannot be rootless or without past. Hughes also established a definite identity between the Blacks of America and the continent of Africa which he states in his poem called â€Å"Negro† I am a Negro: Black as the night is black, Black like the depths of my Africa. I’ve been a slave: I’ve been a worker: I’ve been a singer: All the way from Africa to Georgia I carried my sorrow songs. It was not easy to just up and go back to Africa. It became the dreamland for the poet, a country in which he could escape into when he finds life difficult to cope with. The poet to me seemed widely aware of misery, frustration, and isolation which to him is something that other blacks are facing. This epiphany of his leans him to the universal significance and appeal to the poets treatment of black life in America. His retreat into African is not a romantic escape from realities of life, but it provides a point of view to look at the realities of the life of black people in America. To say the blacks were treated horribly by white Americans is an understatement, they were compared to beasts and were treated accordingly. The black man was lynched, maimed and burnt, while the black woman was raped and desecrated. Lynching of the black on the charge of raping a white woman was one of the most commonplace events. Fear to the race and hatred, for the black was a common behavior of the white masses. The treatments to the blacks becomes evident in the following lines of â€Å"I, too sing America† I, too, sing America. I am the darker brother. They send me to eat in the kitchen When company comes, But I laugh, And eat well, And grow strong. Hence the stanza shows that the black worker doesn’t find any place in the heart of the whites. He is sent to the background by the company bosses who are indifferent towards the blacks. The African American feels lonely in the northern city where there are large The Negro feels lonesome in the northern city where there are a large number of people, yet he still feels lost in the Poem â€Å"One† he relates his profound sense of isolation Lonely As a bottle of licker On a table All by itself. The whites don’t permit the political freedom to the blacks. Blacks are deprived of their basic necessities of life. They don’t have a proper place to live in. Their miserable condition is shown in the poem â€Å"Vagabond† Who have nowhere To eat. No place to sleep, The tearless Who cannot Weep. In this the blacks are alien on their own land. The blacks want a chance to eek out a decent living and have equal rights across America. Langston Hughes says â€Å"undemocratic doings take place in the shadow of the world’s greatest democracy† The blacks have no right to participate in the political affairs. Langston Hughes poetry is also preoccupied with the social problems faced by the blacks. Man is called a social animal. Blacks are not given the equal place in the society. The poet shows this inequality in the poem â€Å"Merry Go Round† the social whites have no sympathy even for a young black child. He has to sit in a segregated section. Hughes writes: Colored child at carnival: Where is the Jim Crowe section On this merry-go-round, Mister, cause I want to ride? Down South where I come from White and colored Can’t sit side by side. Thus the merry go round is a metaphor for America. It is a kind of Satire on the American Society which we know as a free Society. A clear picture of the exploitation of the blacks is presented that cultural, social, and psychological space has been denied to them. Hughes never forgetting the images he has seen growing up, he has grown up shell shocked. He can clearly make out the contradiction of principles, for America was a democracy, but for the Negroes, America was fighting for a free and equal world. One where Jim Crow was eradicated, however he understands that the flame of freedom can not be extinguished by lynching and imprisoning blacks. From all this it become evident that Langston Hughes deals with the racial discrimination, lack of identity in the society and lack of freedom for the blacks. His aim and ultimate effect of his poetry is raising awareness and strengthening of the black people in their struggle for freedom in America. He was proud of his Afro-American legacy and tradition. He forcefully projects the theme of identity in his poems. He not only inspires the black to make it to the top but more than that he evokes a vision of a just society. works sited Georgene Seward, Psychotherapy and Culture Conflict (New York: Ronald Press, 1956), p. 129. Arthur A. Schaumburg’s â€Å"The Negro Digs up his Past†, in Alain Locke’s The New Negro, pp. 931-37. Jay Saunders Redding, To Make a poet Black (Washington:McGrath, 1969), p. 3. James A. Emanuel, Langston Hughes (New Haven: College and University Press, 1967), pp. 148-162. W. E. B. DuBois, The Souls of Black Folk (New York: New American Library, 1969), p. 45. Langston Hughes, â€Å"The Negro Speaks of Rivers. † Selected Poems (New York: Alfred A. Knopf, 1979), p. 4. Langston Hughes, â€Å"Negro. † Selected Poems (New York:Alfred A. Knopf, 1979), p. 8. Langston Hughes, â€Å"I, too, Sing America. † Selected Poems (New York: Alfred A. Knopf, 1979), p. 275. Langston Hughes, â€Å"One. † Selected Poems (New York:Alfred A. Knopf, 1979), p. 92. Langston Hughes, â€Å"Vagabonds. † Selected Poems (New York: Alfred A. Knopf, 1979), p. 91. Langston Hughes, â€Å"The Big Sea† The Collected Works of Langston Hughes ( New YorkJoseph Mclauren, 1979) Volume 13 P 165 Langston Hughes, â€Å"Merry-Go-Round. † Selected Poems (NewYork: Alfred A. Knopf, 1979), p. 194. How to cite The Black Man and Langston Hughes, Papers

Charles Drew Biography free essay sample

Charles Richard Drew was born on June 3, 1904 in Washington D. C. He was born to a middle- class family. His father, Richard Drew was a carpet layer, and his mother Nora Burrell was a grade school teacher. Drew’s family lived in Foggy Bottom, a neighborhood in D. C. , after relocating from Pompano Beach, Florida, where he attended elementary and junior high. As a child Drew was showed to be quite athletic. He won a variety of medals for swimming, and later even more in other sports such as: football, basketball, and other sports. After graduating from his local high school, Dunbar High, he was awarded the James E.  Walker Memorial. Now with his full scholarship, Drew attended Amherst College in Massachusetts. While there Drew went on to lead the track team as the captain and to the nationals, become the MVP of the baseball team, as well as, the star quarterback in which he went all-American. He also was a national high hurdles champion. Along with his athletics, Drew was also an academic scholar. Not only did he make honor roll every year while attending Amherst, but he was also admitted into Omega Psi Phi, a Greek organization which promoted high grades, scholarships, and athletics. After graduating from Amherst in 1926 with his Bachelor’s degree, Drew was unable to go back to medical school because of financial issues. As he tried ways to gain the money he became a teacher and coach at Morgan University. After two years of working there, he had enough money to put himself through medical school. But, due to America’s strict rules against African Americans going to medical school, Drew was denied access. In 1928, Drew applied and was enrolled at McGill University in Montreal, Canada. While attending McGill, students, scholars, and professors quickly noticed the work ethic and dedication of Drew. After proving himself to be a top student with nonstop hard work, and easily winning a prize in neuroanatomy, Drew was the first African American inducted into the Alpha Omega Alpha, a national medical honor society. Later that year, Drew began experimentation with blood transfusions and blood storage. After five years of studying and research Drew graduated from McGill, second in his class in 1933. Along with the latter, Drew earned both Doctor of Medicine and Master of Surgery degrees. After finishing up with school, he did an internship and residency at the Royal Victoria Hospital. Drew continued to research blood  transfusions, and after about three months came into contact with John Beattie. After working together for some months, they analyzed the problems for completing a blood transfusion and issues with storing blood. After a couple of more months they came to the conclusion that blood could not me stored but plasma could. But, before they could work on it further tragedy struck. Drew’s father, Richard Drew Had pad passed. After the death of his father, Drew returned to the United States. He worked at Howard University and later that year filed for his surgery residency at Freedman’s Hospital in his hometown, Washington D.  C. After marrying and settling down, Drew again went back to graduate school. He received the Rockefeller Fellowship award to Columbia University and was educated at the Presbyterian Hospital. While studying he met John Scudder. Together they made a way to sustain blood plasma. He found out that plasma could be stored longer than regular blood. He also found out that just by adding water to the plasma, that they could make blood whenever they needed it. This was important, especially during the time such as World War II. His research in â€Å"Banked Blood† is what he submitted for his doctrines. In addition to his thesis expanded knowledge of plasma storage, Drew was named the â€Å"Father of Blood Banks. † Also, during WWI Drew was asked to head the â€Å"Blood for Britain† organization after their stored blood quickly dwindled due to spoiling and use. He modernized this by teaching the doctors how to change blood into plasma. He also was the lead helping cause due to him constantly overseeing shipments of lifesaving equipment to the wounded during the war. After, finishing his work with Britain he soon worked on another program; this one would come to be known as Red Cross. This, would not last long though. It seems as though as soon he started the project he forfeited it. It was widely due to the fact that the military demanded segregated blood. After months of countless of arguing and complaining about segregation laws, Drew called a press meeting where he resigned. There he stated, â€Å"I refuse to run a corrupt, racist, and un-American organization. † After resigning from American Red Cross in 1941, Drew started back teaching at Howard University. Not long after he was the first African-American to be admitted into the American Board of Surgeons. He got a job at Freedman’s Hospital and was one of the developers of Howard’s surgery program. In 1943, Drew was also given the Spingarn Medal, which was a life time achievement award. After a decade of accomplishments and higher level jobs Drew died in a car accident in 1950, on April 1. Being that Charles Drew is from my hometown, he means more to me than just some historical figure. He is a prime example of someone who actually made something out of his life from where I was born. His mere historical significance should be enough for anyone who ever said they cannot do something to reconsider. Another thing being we both are athletes but came to college for academics. He showed that when you call yourself a student-athlete, student comes first. Lastly, being that I want to help people, he showed anything is possible. He not only helped people throughout his lifetime, during WWI and the civil rights movements, but people of today too. His actions are still relevant and saving thousands of people every day. Without his work in blood storage and plasma millions of people would not have survived WWII and a lot people would not be alive today. Charles Drew is a hero. In conclusion, Charles Drew revolutionary man and worthy of praise.