Chevron

Industry Analysis INDUSTRY ANALYSIS The Oil, Gas & consumable Fuels industry is rotary in nature and is one of the some important globally because it touches so many others. It is broken experience into its component move by the nature of activity performed. upstream activities be related to to finding and producing commodities; midstream refers to the transportation of product from the well to intermediate customers; and, downstream includes the refining, transformation and marketing of related products. ember producers ar integrated, more deal the players in alternative fuels like uranium. Some of the largest players in the industry be the integrated crude oil color & gas producers (aka extended Oil). Close to two-thirds of the worlds power needs are satisfied by hydrocarbons ( grating oil and natural gas). Although conservation, increased force and substitutes are gaining in prominence, they are not likely to narrow this dependence. Prices are elevated at pr esent, and are expected to lie so as global economic trainth progresses against a ground of tight supply conditions. From secondarys during 2001 in the $18 to $20 put, crude oil h overed in the low $60s per barrel at midyear 2007.

rude(a) gas prices have also staged an impressive mount over the past 5 geezerhood, going from lows in the low single digit range per million BTU (British thermal unit) to in excess of $8. Coal prices are dependent on the energy content of the type of scorch considered and its location, but it, too, has climbed significantly over the past few years. consort to the April 2007 Oil Market business relationship from the I! nternational naught Agency, affect for crude oil should wrick by virtually 1.8% in 2007 over 2006. However, following some 20 years of underinvestment, the supply of crude oil is barely keeping pace. This is the study cause of high commodity prices. continuing term demand should grow at about 1.7% per year, message it is expected to grow more than 40% over the abutting 20 years....If you postulate to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay