A more detailed outline of what we are going to do in our presentation about "Causes for Oil Price Fluctuations".
Production/Reserves
Demand/Consumption
- Oil consumption today versus 10 years ago
Export vs. Import
Influences
- US --> demand --> price increase
- Putin --> oil used as a threatening weapon
- West Africa --> suppression (Angola, Nigeria, )
- OPEC and U.S.
factors influencing oil prices
- technological development
- Canada oil sands --> would only be profitable to refine oil when minimum of $25/barrel
- U.S. oil shale reserves and their exploration
- storage of oil
- Demand (China and India) --> Economical development
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