Oil production and its effects on
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Title: Oil production and its effects on

Essay Details:

Subject: Social Issues
Author:
Date: August 31, 2016
Level: University
Grade: A
Length: 7 / 1905

Essay text:

On the other hand, it has also shown that the prediction about its limits can not be made one hundred percent correctly. In the 1970?s and the 1980?s, economists predicted that a barrel of oil would cost a hundred dollars by the year 2000, due to limited resources. Will the world economy change and switch to alternative resources or will it totally collapse in our near future? What will the leading oil companies do? Focusing on Shell/Royal Dutch as one of the biggest and most profit making oil producing company in the world, it will be shown how they as a modern business have an effect but also changed the world’s oil availabilities...

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