Analysis of the Impact of Oil Prices on the Global Economy Essay

1. 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 production to balance demand. Moreover, Russia is another major producer of oil in the world. They usually produce more when demand more and subtract when demand reduce to control the price of oil. Anyway, speculator is another factor we have to consider in short run. From demand side of view, every country is trying to reduce the consumption on petroleum, the government use tax strategy to control the oil price. Further more, government strategic oil reserves have to be considered as a factor which causes oil supply shortage. Next, let ¡Ã‚ ¦s discuss in detail how the demand and supply relation affect the price of oil. 2. Microeconomic Analysis 2.1 Analysis of Market Form There are not so many oil producers in the world; the countries that produce most of the world ¡Ã‚ ¦s oil have formed a cartel, which called Organization of Petrolum Exporting Countries (OPEC). Those countries controlled about three-quarters of the world ¡Ã‚ ¦s oil reserve. Within the OPEC countries, they tries to raise the price of its product through reducing in quantity produced and OPEC tries to set production levels for each of the member countries. From this point of view, oil market belongs to oligopoly which only a few sellers offer similar or identical products. In this form, the producers produce a quantity of output greater than the level produced by monopoly and less than the level produced by competition. The oligopoly price is less than the monopoly price but greater than the competitive price. Therefore, supply and demand theory can be applied in oligopoly form of market. 2.2. Supply and Demand Analysis 2.2.1 Oil Supply Analysis Supply refers to both the ability to sell and the willingness to sell by the producer. Actually, many factors can determine the quantity and individual supplies ¡Xinput prices, technology, expectations. The quantity supplied rises as the price rises and f... ...by tax. When the oil price goes up, the government will tax more on fuel, vice versa. Therefore, it will benefit the domestic consumers. Other factor is the Iraq influence, political unrest can leave the world without enough oil to go round. 3. Conclusion There are too many uncertainties existing in the world oil price. According to the analysis, the price may keep going up due to the shortage of supplies and increasing of demand without considering the speculators factor in short-run. In long-run, the oil price will definitely go down. On the other hand, the price may be peaked already. This will result of the speculators unloading their oil inventories, causing prices to fall sharply. Reference: 1.  Ã‚  Ã‚  Ã‚  Ã‚  http://blondesense.blogspot.com/2005/04/crude-futures-crudely-exploited.html 2.  Ã‚  Ã‚  Ã‚  Ã‚  kjhj 3.  Ã‚  Ã‚  Ã‚  Ã‚  A titanic struggle between supply and demand, http://www.occupationwatch.org/analysis/archives/2005/04/a_titanic_strug.html (visited on 29th, April) 4.  Ã‚  Ã‚  Ã‚  Ã‚  Oil and the Economy, http://www.federalreserve.gov/boarddocs/speeches/2004/20041021/default.htm 5.  Ã‚  Ã‚  Ã‚  Ã‚  Time for OPEC to plump up its cushion, http://www.economist.com/agenda/displayStory.cfm?story_id=3759213

Colonial Rule in Africa Essay

â€Å"Enlarge the place of your tent, stretch your tent curtains wide, do not hold back; lengthen your cords, strengthen your stakes.New Living Translation ( ©2007) â€Å"Enlarge your house; build an addition. Spread out your home, and spare no expense!English Standard Version ( ©2001) â€Å"Enlarge the place of your tent, and let the curtains of your habitations be stretched out; do not hold back; lengthen your cords and strengthen your stakes.New American Standard Bible ( ©1995) â€Å"Enlarge the place of your tent; Stretch out the curtains of your dwellings, spare not; Lengthen your cords And strengthen your pegs.King James Bible (Cambridge Ed.) Enlarge the place of thy tent, and let them stretch forth the curtains of thine habitations: spare not, lengthen thy cords, and strengthen thy stakes;GOD’S WORD ® Translation ( ©1995) Expand the space of your tent. Stretch out the curtains of your tent, and don’t hold back. Lengthen your tent ropes, and drive in the tent pegs.King James 2000 Bible ( ©2003) Enlarge the place of your tent, and let them stretch forth the curtains of your habitations: spare not, lengthen your cords, and strengthen your stakes;American King James Version Enlarge the place of your tent, and let them stretch forth the curtains of your habitations: spare not, lengthen your cords, and strengthen your stakes;American Standard Version Enlarge the place of thy tent, and let them stretch forth the curtains of thy habitations; spare not: lengthen thy cords, and strengthen thy stakes.Douay-Rheims Bible Enlarge the place of thy tent, and stretch out the skins of thy tabernacles, spare not: lengthen thy cords, and strengthen thy stakes. Darby Bible Translation Enlarge the place of thy tent, and let them stretch forth the curtains of thy habitations: spare not, lengthen thy cords, and strengthen thy stakes.English Revised Version Enlarge the place of thy tent, and let them stretch forth the curtains of thine habitations; spare not: lengthen thy cords, and strengthen thy stakes.Webster’s Bible Translation Enlarge the place of thy tent, and let them extend the curtains of thy habitations: spare not, lengthen thy cords, and strengthen thy stakes;World English Bible â€Å"Enlarge the place of your tent, and let them stretch forth the curtains of your habitations; don’t spare: lengthen your cords, and strengthen your stakes.Young’s Literal Translation Enlarge the place of thy tent, And the curtains of thy tabernacles they stretch out, Restrain not — lengthen thy cords, And thy pins make strong.| | Barnes’ Notes on the BibleEnlarge the place of thy tent – The same idea occurs in Isaiah 49:19-20 (see the notes at that chapter). The curtains of thy habitations. The word ‘curtain’ does not quite express the sense here. It is commonly with us used to denote the cloth hanging round. a bed or at a window, which may be spread or drawn aside at pleasure, or the hanging in theaters to conceal the stage from the spectators. The word here, however, denotes the canopy or cloth used in a tent; and the idea is, that the boundaries of the church were to be greatly enlarged, in order to accommodate the vast accession from the pagan world.Spare not – Do not be parsimonious in the provision of the materials for greatly enlarging the tent to dwell in.Lengthen thy cords – (See the note at Isaiah 33:20). Gill’s Exposition of the Entire BibleEnlarge the place of thy tent,†¦. To which the church is compared, because of its uncertain and movable condition, being sometimes in one place, and sometimes in another; and because of its outward meanness and weakness, as well as its small extent; but now it is signified that it should be enlarged, and room be made for an accession of in habitants to it; or, in other words, that the Gospel church state should not be confined to Jerusalem, but should take place in other parts of Judea, and in Galilee, and in Samaria; hence we read of churches in those places, Acts 9:31, and let them stretch forth the curtains of thine habitation; alluding to the curtains of which tents or tabernacles were made, which used to be stretched out on poles or stakes, in order to make more room, and hold more people. This may respect the spreading of the Gospel by the apostles, who may be here meant, and the success of it, especially among the Gentiles; who may be said to stretch out the curtains of the tent, the church, when, according to their commission, they went and preached the Gospel to every creature. First they travelled as far as Phoenicia, Cyprus, and Antioch, preaching to the Jews only; but when they wholly rejected the Gospel, they turned to the Gentiles, and went everywhere preaching the word, Acts 11:19, and their ministry was blessed to the conversion of multitudes, and Gospel churches were set up in all parts of the world. The Apostle Paul was an eminent instrument of stretching these curtains, who went from Jerusalem, round about to Illyricum, fully preaching the Gospel of Christ, Romans 15:19, spare not: any cost or pains, to spread the Gospel, enlarge the interest of Christ, and increase his church and people; as did not the apostles of Christ, who may be supposed to be the persons here addressed: lengthen thy cords, and strengthen thy stakes; the curtains being stretched out, it was necessary the cords, to which they were fastened, should be lengthened, that they might reach further, and take in a greater compass; and the wider the tent is made by such means, the stro nger should be the staves, and the more surely should they be drove and fixed in the earth, to hold the cords with the curtains bound unto them; all which express the enlargement of the church in the Gentile world, by means of the Gospel ministry and discipline. The Targum is, â€Å"multiply the people of thy camp, and strengthen the governors.† Keil and Delitzsch Biblical Commentary on the Old TestamentWith this prospect before her, even her dwelling-place would need enlarging. â€Å"Enlarge the space of thy tent, and let them stretch out the curtains of thy habitations; forbid not! lengthen thy cords, and fasten thy plugs.† She is to widen out the space inside her tent, and they (יטÖ ¼Ã—•Ö ¼ has no definite subject, which is often the case where some subordinate servant is to be thought of) are to spread out far and wide the coverings of the framework of her dwelling, which is called mishkenoÌ„th (in the plural) on account of its roominess and magnificence: she is not to forbid it, thinking in her weakness of faith, â€Å"It is good enough as it is; it would be too large.† The cords which hold up the walls, she is to lengthen; and the plugs, to which the cords are fastened, she is to ram fast into the ear th: the former because the tent (i.e., the holy city, Jeremiah 31:38-40, and the dwelling-place of the church generally, Isaiah 26:15) has to receive a large number of inhabitants; the latter because it will not be broken up so soon again (Isaiah 33:20). Geneva Study Bible{c} Enlarge the place of thy tent, and let them extend the curtains of thy habitations: spare not, lengthen thy cords, and strengthen thy stakes;(c) Signifying that for the great number of children that God would give her, she would seem to lack room to lodge them.Wesley’s Notes54:2 Enlarge – That it may be capable of the Gentiles, who shall flock to thee in great numbers. Strengthen – That they may be able to support that great weight which the tents thus enlarged, shall be upon them.Jamieson-Fausset-Brown Bible Commentary2. (Isa 49:19, 20; Jer 31:31-36, 38, 39). Thy children shall be so many that thy borders must be extended to contain them.curtains-the cloth forming the covering of the tent.spare not-give abundantly the means for the enlargement of the Church (2Co 9:5-7).cords . stakes-The more the tent is enlarged by lengthening the cords by which the cloth covering is fastened to the ground, the more the stakes supporting the tent need to b e strengthened; the Church is not merely to seek new converts, but to strengthen those she has in the faith. The image is appropriate, as the tabernacle was the symbol of the old Israelitish Church (see on [855]Isa 33:20).Matthew Henry’s Concise Commentary54:1-5 Observe the low state of religion in the world, for a long time before Christianity was brought in. But by preaching the gospel, multitudes were converted from idols to the living God. This is matter of great rejoicing to the church. The bounds of the church were extended. Though its state on earth is but mean and movable, like a tent or tabernacle, it is sometimes a growing state, and must be enlarged as the family increases. But the more numerous the church grows, the more she must fortify herself against errors and corruptions. Thy Maker is thy Husband. Christ is the Holy One of Israel, the Mediator of the covenant made with the Old Testament church. Long he had been called the God of Israel; but now he shall be called the God of the whole earth. And he will cleanse from sin, and cause every true believer to rejoice in thi s sacred union. We never can enough admire this mercy, or duly value this privilege. | | Genesis 26:22 He moved on from there and dug another well, and no one quarreled over it. He named it Rehoboth, saying, â€Å"Now the LORD has given us room and we will flourish in the land.†Exodus 35:18 the tent pegs for the tabernacle and for the courtyard, and their ropes;Exodus 39:40 the curtains of the courtyard with its posts and bases, and the curtain for the entrance to the courtyard; the ropes and tent pegs for the courtyard; all the furnishings for the tabernacle, the Tent of Meeting;Isaiah 26:15 You have enlarged the nation, O LORD; you have enlarged the nation. You have gained glory for yourself; you have extended all the borders of the land.Isaiah 33:20 Look upon Zion, the city of our festivals; your eyes will see Jerusalem, a peaceful abode, a tent that will not be moved; its stakes will never be pulled up, nor any of its ropes broken.Isaiah 49:19 â€Å"Though you were ruined and made desolate and your land laid waste, now you will be too small for your people, and those who devoured you will be far away.Isaiah 49:20 The children born during your bereavement will yet say in your hearing, ‘This place is too small for us; give us more space to live in.’New International Version  ©1984 by Biblica| Cords Curtains Dwellings Enlarge Extend Forth Habitations Hold Lengthen Limit Pegs Pins Restrain Spare Stakes Strengthen Stretch Stretched Strong Tabernacles Tent Tent-pins Wide Cords Curtains Dwellings Enlarge Extend Forth Habitations Hold House Lengthen Pegs Pins Restrain Spare Stakes Strengthen Stretch Stretched Tabernacles Tent Wide Cords Curtains Dwellings Enlarge Extend Forth Habitations Hold House Lengthen Pegs Pins Restrain Spare Stakes Strengthen Stretch Stretched Tabernacles Tent Wide Enlarge the place of thy tent, and let them stretch forth the curtains of thine habitations: spare not, lengthen thy cords, and strengthen thy stakes;Isa 33:20 49:19,20 Jer 10:20 Isaiah Chapter 54 Verse 2Alphabetical: And back cords curtains do dwellings Enlarge hold lengthen not of out pegs place spare stakes strengthen stretch tent the wide yourTHE HOLY BIBLE, NEW INTERNATIONAL VERSION ®, NIV ® Copyright ; © 1973, 1978, 1984 by Biblica ®. Used by permission. All rights reserved worldwide.The Holy Bible, New Living Translation, copyright  ©1996, 2004, 2007. Used by permission of Tyndale House Publishers, Inc., Carol Stream, Illinois 60188.All Rights Reserved.The ESV ® Bible (The Holy Bible, English Standard Version ®) copyright  © 2001 by Crossway Bibles, a publishing ministry of Good News Publishers.New American Standard Bible Copyright  © 1960, 1962, 1963, 1968, 1971, 1972, 1973, 1975, 1977, 1995 by The Lockman Foundation, La Habra, Calif. All rights reserved. For Permission to Quote Information visit http://www.lockman.org.International Standard Version Copyright  © 1996-2008 by the ISV Foundation.GOD’S WORD ® is a copyrighted work of God’s Word to the Nations. Quotations are used by permission. Copyright 1995 by God’s Word to the Nations. All rights reserved.OT Prophets: Isaiah 54:2 Enlarge the place of your tent (Isa Isi Is) Christian Bible Study Resources, Dictionary, Concordance and Search ToolsIsaiah 54:2 Bible Software Isaiah 54:2 Biblia Paralela

The Affirmative Policy Brief The U.s.f.g Should Ban Sale...

Julie M. Nguyen The Affirmative Policy Brief The U.S.F.G should ban the sale of super-hero related products intended for minors Definitions of key terms: (found in Cambridge dictionary) Minor=under 18 years old Superhero= a character in stories or movies who has special powers, such as the ability to fly, that are used for fighting evil or helping people Products= something that is made to be sold, esp. something produced by an industrial process. I argue that we should impose a ban on the sale of superhero related products intended for minors. Superhero items stunts development because of violence and imagination confining scripted toys. We, therefore, should turn to different types of activities that foster a safer environment and healthier attitude towards play time. Children are easily impressionable so it is necessary to monitor the play time in which they partake in. Contention one: The Problem here is superhero items promote violence. Claim: We are setting an example to children that it is okay to use force or violence to attain goals or solve a problem. Superhero play can romanticize fighting and killing and foster unnecessary aggression. Superhero television shows can undermine conflict resolution skills and desensitize children to violence. We can‘t ignore all these impacts. Evidence: The National Coalition on Television Violence brought to light Dr. Thomas Radecki’s words that, The cartoon and violent toy studies show that these materials cause children