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1) Why Does OPEC Control Our Economy With Its Fuel Production Control?
Author:
John Fagan Jr.
Category:
News and Society
OPEC is Crude:Crude oil prices ($127.00 Aug 01, 2008) are determined by global supply and demand conditions in International markets. The production policies of the Organization of Petroleum Exporting Countries or (OPEC) help determine global supply availability and these policies have an important influence on World oil prices. OPEC attempts to maintain the oil prices by restricting oil production. With OPEC's ability to restrict production, which depends on prevailing market conditi...
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2) Why Are Gas Prices So High in the US?
Author:
John Fagan Jr.
Category:
Internet
How does the money break down?If you go to the corner store and purchase 15 gallons of gas, on average that store is only making .75 yeah that is only .05 per gallon of gas sold. At least that is what they are posting. People also think that there is 50 gallons of crude oil in each barrel and it is so far from true. There is only 42 gallons per barrel. So today New York reported that oil was 125.00 per barrel, if you break that down per gallon it is 2.98 per gallon as a crude price an...
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3) Unemployment Rates Have Steadily Risen From July 07 to July 08!
Author:
John Fagan Jr.
Category:
News and Society
Unemployment rates are rising at a very fast rate.The US Unemployment Rate shows us the percentage of people that are considered to be unemployed. The Unemployment rate is the most popular way to give a snapshot of United States labor conditions. The Federal Reserve is always under very high pressure to try to keep unemployment under control. High unemployment rates generally put high pressure on the interest rates. There are several reasons that Unemployment affects the economy, firs...
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