Individual Project This Week Submitting Proposal Project. Case Study

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Individual Project This week submitting Proposal project. This: Introduction case study the integrated project designed tie newly acquired knowledge energy economics analysis major global issues face career.

The project will be a research paper that analyses the future demand of OPEC oil. In the research, the uncertainty range will be analyzed and researched. There is a continuous growth of energy needs globally, while the oil prospects and gas production are declining. This gives a negative outlook as the energy demands will outweigh its production. The limited amount of oil found globally is an issue that is been discussed widely, which makes oil a valuable resource. The organization of the Petroleum Exporting Countries (OPEC) controls majority of the world's oil, which is produced by its member states.

There are many uncertainties affecting the supply of oil by OPEC members. Currently instability and tensions affecting some countries have led to disruptions in the supply of oil. When there is instability in a member country, the supply of oil is disrupted as this is usually the cause of the conflict. This greatly increases the uncertainties in the range of demand and supply.

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There are indicators that demonstrate the world has enough oil resources that can satisfy the increasing energy needs for many decades. According to the U.S. Geological Survey it is estimated that there are close to four trillion barrels of oil resources worldwide. This indicates that with the increase of energy it is unlikely that oil will dwindle.

The role assumed for this research is an advisor to OPEC. This role demands for the analysis of current demand and past demand of energy. Using this data the advisor will be in a position to determine the future demand of OPEC oil. There are reports and indicators that state there is a huge demand of energy and the oil reserves are dwindling at an alarming rate. Using this role one will be able to gain access to actual data that will show the true picture. The advisor will use his/her influence to prepare an analysis that will use past and present data. This data will indicate how the demand has been escalating and if the supply is decreasing......

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