Oil Is A Non Replenishable Source

Coal, crude oil, and natural gas are all considered fossil fuels because they were formed from the buried remains of plants and animals that lived millions of years ago.

The main usages of petroleum are bunker fuel, detergent, jet fuel, diesel fuel, heating oil, paint, photographic film, food additives, make up, medicine, and candles etc. Actually, the petroleum usages are very broad. If the country is experiencing oil shortage, everything must be very expensive. You may eat some food with food additives, which is a material from petroleum, in your stomach, even though you do not drive or travel around the world by airplanes. Moreover, petroleum has a lot of advantages to generate electricity. It is easy to transport and store because it is a liquid. Compared with natural gas, natural gas is hard to extract and store because it is gas. Natural gas requires higher technology to extract and store it. Moreover, the density of petroleum is higher than natural gas and coal. We can save more room to store petroleum. For government’s aspect, they may want to use some energy, which are stable and easy to store. Although the renewable energy is unlimited and eco-friendly, the costs of built and operate it are expensive. So, the fossil fuels are the best energy for us to use now. Peak oil crises affect our life, and we cannot find any energy to replace it.

Kuwait is one of the 12 members of the OPEC countries, the Organization of Petroleum Exporting Countries. According to the organization, these members produce about 81 percent of the total oil produced in the world. In the recent past, there have been rumors about the country not producing as much oil as it is proving that it does (Cobb, 2012). It cannot be said with certainty whether or not the oil reserves of Kuwait are depleting, however, this subject is important for discussion because the whole world depends on oil reserves of the major oil producing countries. All the issues, economic or political, revolve around one country wanting to take over the other for its all reserves. In this paper, we shall discuss the presence of oil reserves in Kuwait and some news pertaining to their depletion and overstatement. We shall also address this topic in another aspect; the oil depletion protocol.

The demand for oil has been predicted to increase despite the high price of oil. Sources of the demand for oil continue to increase with time worldwide. As countries industrialize and develop, their oil consumption increases together with their economy. Examples of countries that have their economy growing fastest and steadily are India and China. These two countries have their economy growing and the impact their economic growth has on oil demand is great. Some developed countries are also about to change their habits on oil demand. This will be likely adapted faster if the prices of oil continue to rise. Oil prices are determined by the traders and speculators who control and manipulate the future oil market (Anderson, 1).

Oil is a finite resource that is ever diminishing in quantity. In coming years, it will become very scarce and hard to find. While everyone is starting to find solutions to compensate for the imminent forgoing of oil, such as car industries being one of the main ones as they use oil to run their machines mostly, it will be a while before oil can be replaced completely by other things. Even with said replacements, functions that used to be handled by oil will be diverse and complex in nature such as the multiple different energy sources being tested today. Some temporary solutions that are meant to delay the end of oil, and prolong its stay is the method of extracting oil unconventionally. Oil industries and governments across the globe are

Turkey has 81 provinces, with approximately 20 major cities populating millions, and continues to grow each year. Turkey’s rising middle class has resulted in an explosion of consumer demand. The country is home to a young, educated labor force with over half of the population under the age of thirty; this makes the market huge and dynamic for international investors. Over the last year Turkish firms and individuals invested $228 million dollars in the U.S. In 2014, Turkey’s imports from the U.S. reached $11.6 billion. While this was a slight decline from 2013 ($12 billion) and record-breaking 2011 ($14.7 billion), total U.S.-Turkey trade remained at a near record of $19 billion. Over 1,000 small, medium and large U.S. firms have already opened offices in Turkey. Given its close proximity to markets in Europe, the Middle East, and Central Asia, Turkey serves as a regional hub for many of these firms (U.S. Embassy & Consulates in Turkey, Why Turkey?).

After reviewing the country study that was presented to the CEO of Shell Oil, Shell Oil has decided to proceed with the recommendation to expand to Albania. With expectation, Shell Oil has to take into consideration the socio-culture to determine strategies that need to be in place. Shell Oil needs to take into consideration demographic trends to Informal trade barriers.

Research period will be is (January 2014- July 2014), where I will focus in the details of Tatweer Company including oil production, gas production and how they try to meet their visions.

Crude oil and its byproducts since its discovery is one of the most basic input to the world particularly for energy. It is important to human existence and also, finite in supply. It has several other uses which include: hydrocarbons for plastic, pharmaceutical, and other basic day to day items. More so, most of our equipments depends on oil and its product to enable them work. Like every other product that is traded in the international market, oil prices are influenced by its demand and supply in the market and also its type. Various shocks have made the price fluctuate and it can be said to be one of the most volatile product in terms of its response to

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.

78% of Turkey’s overall Foreign Direct Investment (FDI) comes from the EU. It’s become an investment base for European businesses with increasing integration into the EU’s supply and production chain. Even UK politicians have taken note of the country’s promise and are keen to emphasise the opportunities that exist in

OPEC consists of oil producing countries, and a survey conducted in the year 2008 revealed that OPEC accounts for 58% of the globe's crude oil products. This has contributed to growth of its member states to becoming the world's rapidly growing consumers of oil. Therefore, having OPEC member states as significant consumers of oil has a significant impact on the volume of their oil exports globally affecting their oil revenue; in addition, the decline of availability of oil in the world reflects in the price of oil (AlYousef, 2013). According to the World Oil Outlook, Oil continues to play a vital role in satisfying the globe's energy needs. It also emphasizes the demand uncertainties that challenge future oil in the short-term and long-term. Some of the factors affecting the demand for oil includes policies and technology, particularly in the transportation industry (WOO 2012).

Oil is vital to many industries, and is essential for the maintenance of industrial civilization in its current configuration, and thus, a serious problem for many countries. Oil accounts for a large percentage of the world 's energy consumption, ranging from a low of 32% for Europe and Asia, with a maximum 53% for the Middle East.

· Boosting of liberalization of the Azerbaijani economy and development of competition in all sectors. Currently the government’s direct and

For example, on December 25, 2000 the quota for Kazakhstan was set at 17.3 million tons. The memorandum between Kazakhstan and Russia of October 9, 2000 sets the principle of "a single route," whose sole operator is the Kazakh Oil Company. Annual quotas depend mainly on the political relations between the two nations. Besides politics, there is also a technical risk factor, i.e., the high degree of pipeline wear and deterioration, which may hamper the effectiveness and quality of services provided to exporting countries. In addition, the lack of proper maintenance of these oil pipelines does exist primarily due to the fact that a large number of well-trained local technicians and engineers who are required are not available to day (Doing Business with Kazakhstan, 2004). Kazakhstan 's oil pipeline systems were built in the '70s {more than 60 percent of oil pipelines of the Western branch, to be exact) and the rest in the '80s {75 percent of the Eastern branch). Thus, at the end of the year 2000,