Long Term Theories and Short Term Factors: Difference between revisions
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*Elections/What party is in office at the moment | *Elections/What party is in office at the moment | ||
As shown in the above graph the war with Iraq, Hurricane Katrina and | |||
As shown in the above graph the war with Iraq, Hurricane Katrina and conflicts with Venezuela, along with other factors involving OPEC have caused the price of oil to fluctuate. | |||
[[In Conclusion...]] | [[In Conclusion...]] | ||
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[[Oil: Post 9/11]] | [[Oil: Post 9/11]] | ||
Revision as of 00:45, 4 December 2006
Long Term
Short Term
Throughout the history of America's oil consumption there have been many events that have affected the price of oil. These events usually have not affected the price in the long run but have often temporarily shifted the price in a negative way.
War and Conflict
- War on Terrorism in Iraq and throughout the world
- Conflict with the Koreas
- Conflict between Israel and Lebanon
- Conflict wit Iran and it's Nuclear weapons
Natural Disasters
- Hurricane Katrina
- Massive Fires throughout the Country
Civil Events
- Labor Strikes
- Elections/What party is in office at the moment
As shown in the above graph the war with Iraq, Hurricane Katrina and conflicts with Venezuela, along with other factors involving OPEC have caused the price of oil to fluctuate.
