How Technology Affects the Business Environment

In terms of oil dependence, most of the general public believes that the world has enough oil to support us for the next hundred years; in truth we are rapidly depleting our petroleum sources due to the increasing population and demand. In fact, as was initially theorized by the Hubbert Peak Theory in 1950, Earth peaked in oil supplies in 1973 and the largest oil resources that have been discovered since then have been in Venezuela and Saudi Arabia. Here it must be

[Oil production has jumped from 5.0 million barrels per day in 2008 to 7.4 million last year and is expected to average 8.5 million this year and 9.3 million next year, according to the EIA, the analytical arm of the Department of Energy.” (Koch par. 2)]

It is estimated that 1.3 trillion barrels of oil reserve is left in the world’s major fields (Institution of Mechanical Engineers 2015). At present rates of consumption this will be enough oil to last approximately 40 years. By 2040, it is intended for production levels may be down to 15 million barrels per day which is approximately 20% of the amount of oil which is currently being consumed (Institution of Mechanical Engineers 2015). It is likely by the year 2040 that the world’s population will be twice as large (United States Census Bureau 2015). Additionally, it is likely that more of the world will be industrialized and therefore more dependent upon oil.

Oil and gas have been the world’s commercial energy sources in recent century and it still remain this important role in the 21st century. As industrial productions have grown by approximately 50 times during the 20th century, this led to tremendous increasing of the energy consumption. Presently, oil and gas account for almost 40 per cent of the world energy sources because they are unique commodities and easy to transport in many areas with low costs. The advances of technologies make petroleum become cleaner, safer and more efficient energy. Consequently, oil and gas could meet more strictly environmental regulations and comply with the widely demands of sustainable development. However, petroleum is a scarce resource and the demands of energy consumption will be increased. Humans try to improve recovery rates by enhancing technology and developing infrastructure for better accessibility. Presently, the volatility and high prices of oil market have been a significant cause for concerning among many countries. Even the increasing price trend in recent year, the market has still remained

Our world is constantly in flux and change is a permanent feature of the environment for workers as well as organizations. Rapidly changing technological capabilities as well as advances have radically changed the nature of work and communication over the last 150 years. The average office or retail clerk would find many of the changes in how business is conducted from the early 20th century to today almost incomprehensible. Furthermore, rapid cultural changes and expectations have also changed how we interact and what our expectations are. In order for organizations to remain relevant in today’s business environment they must be able to adapt quickly to the changing needs of their customers as well as identify and implement appropriate technological advances to the their business strategy and model. Accomplishing these changes effectively requires that organizations implement these changes in a manner that achieves employee or associate, buy in and support. Walmart is currently in the midst of a major roll out of new technology, as well as significant process changes. These changes are in response to technological advances, and customer expectations. Successful implementation of these programs will improve the company’s position relative to competitors as well as in the eyes of consumers.

As the above paragraph mentioned how clients search about businesses and how can they reach them by using internet. The internet is very useful for companies and helps to them to communicate with their clients, this is achieved by sending emails to advertise about the new products so the customer will find that the company is interested on him/her and updated about their latest products. This will strengthen the communication between them, from there companies will be able to build good relationships with clients. Internet did not only help communication within local companies but also with big international companies by using virtual communications. Virtual communication can be very helpful for example when holding a virtual meeting between companies in various countries when the only problem to be solved is the time difference. Companies found that it very helpful as it saves their money. And as virtual communication also saves time when companies are trying to discuss business deals, all have to do arrange a certain time and the can use applications like skype.

Notwithstanding the fact that the modern economy experiences recession and turbulence on global markets, the US is still believed to be a leader in economic development due to their emphasis placed on innovative technologies, efficiency of operating processes and rapidly evolving tertiary sector. Despite the fact that the USA until more recent times energy dependence of the United States has been the main factor at play which has restrained sustainable growth of the American economy. This paper is dedicated to the crucial role of the shale gas revolution which allowed the US to eliminate their dependence on export of fossil fuels. The findings represent that the shale revolution made it possible for the United States to enter the club of oil-and

In a few decades, global natural gas demand has still sharply grown up every year. The world’s crude oil and natural gas reserves are usually the main resources for energy consumptions in our world. Consequently, the total amount of these reserves has been significantly regarded by the leading industrial countries (WANG, 2014). US government, especially, is the first leader who has attempted to seek the new energy resources for the American energy consumption (Fig. 1). Although

Havana is a city located in Cuba and it is the capital of the country. It is essential and necessary to explore Havana's history because people can learn about it and understand the culture. The city used to be a role model for other cities in Latin America and may be a role model for other cities around the world. It is a historical city and it used to have a wonderful architecture. Unfortunately, houses, theaters and buildings are in ruins and uninhabitable and sadly people do not have many options and they have to live in the ruins. Despite this situation the city remains being one of the architectural jewels of Latin America. The city is living in decadence and its habitants need to learn and accept how

The U.S. Energy Information Administration (2015) reports that the United States consumed approximately 19.4 million barrels of petroleum products daily, which calculated to an overall total of 7.08 billion barrels by the end of 2015 (para. 2). The United States population consumes a huge quantity of oil alone, in addition to all of the other fossil fuels that it also greatly depends on. Fossil fuels are a natural resource that is in limited supply, and they provide an efficient and consistent supply of power to communities all over the planet. Many people are pleased with the short-term advantages these

The distribution of natural resources like oil and gas are unevenly distributed across the world (Stutz, 2007). This essay will explain where the majority of oil and gas is located. Thereafter, the focus will be on the benefits and drawbacks of countries that are dependent on oil/gas. Finally, a conclusion will be given which sums up the most important factors.

The petroleum industry has long been independent on other countries for oil. We have been lucky enough to live in a time of peace for most of our lives. But as we found out with the gulf war, relations between the U.S. and the Middle East are sometimes shaky. The Persian Gulf area is where two-thirds of the world?s known oil reserves are located. The Persian Gulf is also one the most politically volatile areas in the world. Over sixty-one percent of the oil used by transportation vehicles must be imported from outside the U.S. (Renewable Fuels Association, 1999) Oil consumption in the U.S. is not expected to slow down unless something is done. In fact, oil consumption is expected to rise over twenty percent by the year 2015.

And in this amalgam of rapid technologic evolution, there are some specific parties which are not taken by surprise, but which embrace all changes and look forward to each innovation and advancement. These particular parties are the ones for whom technologic advancement is the true advantage and for whom it would cerate competitive advantages.

World oil demand is increasing as emerging economies need more energy to increase their living standards. Estimates, shown below, are that by 2030, China and India as emerging markets will import over 70% to 90% of their fossil fuel needs (1) . Coupled to a continued high and growing demand for oil, makes this a robust market for the next 30 years.

Although oil Consumers are aware of the future prices fall but the demand of oil still decrease. This may cause by awareness of people and technology factors. Modern generation is more aware to protect the environment for next generation. There is a need to reduce any chance of harm to the earth. Transport that use oil will be their first priority to reduce as it contribute carbon dioxide to the air. Therefore, introduction of new technology has become an important issue. For example,