Analysis of the main forces driving the market for Essay

Analysis of the main forces driving the market for - Essay Example The first spike in the price of oil occurred in 1974, when the price of oil shot up to more than $10 a barrel as a result of the Arab embargo on oil owing to the Arab-Israeli war in September 1973. This was a significant event in the history of oil, as it demonstrated the power of oil in its impact on world economics and politics. (Williams, L.J. Oil Price History and Analysis). The period from 1974 to 1978 world oil prices remained more or less stable and turbulence free. Prices remained in the $12 to $14 a barrel range. (Williams, L.J. Oil Price History and Analysis). However two political incidents were soon to disturb this period of calmness. The Shah of Iran was deposed in 1979 and a theocratic government with a strong anti-American stance emerged from this revolution in Iran. This was enough to trigger a sharp rise in the price of oil around the world and was compounded by the Iraqi invasion of Iran in 1980 and as a result oil prices jumped to $40 a barrel. (Sjuggerud, S. Dr. History of Oil: The Single Greatest Prize in All History). This spurt in oil prices was to have two reactions. Exploration for oil in countries outside the OPEC (Organization of Petroleum Exporting Countries) became more frenetic on one side and the OPEC countries increased production to stabilize prices leading to a drop in prices and by mid 1986 prices of oil dipped to as low as $10 a barrel with the increased production of oil outside the OPEC countries and within the OPEC countries. (Williams, L.J. Oil Price History and Analysis). In an effort to raise the low prices of oil, OPEC brought in a quota of production for the member countries and fixed a price objective of $18 a barrel in December 1986. This self enforced discipline by OPEC showed signs of failing even by early 1987, with member countries overshooting the production quotas

Same-sex Marriage in the United States Essay Example | Topics and Well Written Essays - 2000 words - 1

Same-sex Marriage in the United States - Essay Example Each and every individual have different views regarding the same-sex marriage. It is very much unfortunate that there are several growing stigmas that are attached to the topic. The identification of same-sex couple is highly established in several countries. Denmark is the first nation who legalized same-sex marriage. Nowadays, the supreme court of US also legalized the same sex marriage concept. According to the new rules and regulations, same-sex couples can adopt a child in their family or they can take a baby through the artificial process. According to the Goldberg’s survey, it is evident that there are three kinds of reactions that are coming up. One respondent group about this topic is addressing that the legalization of same-sex marriage can be harmful to the society (Nagle 34). On the other hand, the other group of respondents has said that in order to save the human rights and moral ethics, the federal government of America needs to pass the demand of same-sex coup le. Both the two groups of viewers have several negative connotations as advocates have framed the issues successfully as one of the critical human rights. It is true that the marriage conflict come under the civil law. Marriage law in the US is more than a state matter. It is considered as the federal matter. According to the oppositions the enlarging marriage rights of same-sex couples can undercut the conservative purpose of marriage. The study has been executed in order to understand the critical issues that are involved in the debate. The study will help to find several reasons by which the study can conclude that same-sex marriage should not be legalized in the US. Opponents of same-sex marriage have argued that altering the conventional definition of marriage as between two opposite-sex individuals will weaken a threatened institution. Legalizing same-sex marriage is a kind of slippery slope that may guide to interspecies and polygamous marriages. It is true that the same-sex couples are not capable to procreate. There is no undeniable interest to subsidize their marriage. It can be argued by several individuals that the happiness of these same-sex couples can be enhanced through the same-sex marriage. Moreover, it can be argued that the federal government of the United States should subsidize the same sex marriage in order to make the same-sex couples happy (Spilsbury 121). It is known to all that the same-sex couples are unable to reproduce themselves. Same-sex marriage is not an issue of civil rights. Same-sex marriage is a question of whether or not the government should encourage and subsidize the same-sex marriage. Looking into the natural instincts, it can be stated that same-sex marriage will affect the balance of a community or a society. According to several studies and research works, the majority of the citizens of America have opposed the concept of same-sex marriage. According to the survey, it is evident that the same-sex marriage is not natural. The children resulting from this kind of marriage are also not natural.