It’s a particularly noteworthy development when oil prices are down by 50%. During the past decade, the price of oil has traveled from $60 per barrel to its peak of $146 during 2009, then in 2015 it fell into a steep decline again to below $50. Since oil is sold in a global market, the increase or decrease of its price has a tremendous impact on all economies throughout the world. This research goes in depth on how the shift in oil prices has affected Saudi Arabia and the US’s economies, the world’s biggest oil producers. The issue will be broken down to three components; a brief summary of the laws and regulations that possibly affected the change in oil prices, how it is currently affecting the US and Saudi Arabia’s economies, and their quest for alternative solutions. The purpose of this research is to analyze how both the United States and Saudi Arabia have been affected and what progressive measures they are willing to take in response to the steep decline of oil prices.
Origin of recent decline in oil prices Aside from the 2008 crisis, prices of oil have never been cut in half in a matter of months since 1900 – until just recently in 2014. What might’ve caused this steep decrease in prices? Well, it appears as though the surge in US oil production had a primary role in breaking the market. Meanwhile, demand had remained fairly stagnant. Extensive federal intervention into the United States’ oil and gas markets began back in 1930s and continued well through the
Another cause for the decline in oil prices is caused by an increase in consumers purchasing more fuel efficient vehicles, such as hybrid or electric vehicles. In many countries today, especially in North America, there has been an increased demand for fuel efficient vehicles. This is evident in TV commercials which are advertising more and more vehicles that get 40 to 50 miles per gallon, and by the ever increasing commercials for electric vehicles. Consumers are tired of paying outrageous prices for oil and are demanding more for their money. As this demand continues to grow, the demand for oil will decrease.
After more than a half-century of hostilities, the United States and Cuba have taken significant steps in recent years to dramatically alter their relationship in the years ahead. Those efforts are controversial to a number of Americans who oppose engaging the Cuban government.
There had been a growing outcry from the public and leaders for something to be done to reduce the increasingly growing number of Japanese immigrants in the West Coast. Subsequent regulations placed on the Japanese in the United States made them aggravated. There was serious trouble brewing between the United States and Japan until the Japanese carried out attacks on Pearl Harbour in December 1941. After the attack on Pearl Harbor there was increased spread of propaganda from the press and local leaders against the people with Japanese roots. There were numerous calls to the Congress and President Roosevelt for removal of the Japanese from the Pacific Coast. On the 19th day of February 1942, President Roosevelt issued the Executive Order Number 9066 (Wheeler, Becker and Glover 244). The Executive Order authorized the evacuation of the Issei and Missei. About 120000 individuals of Japanese ancestry, both citizens and non-citizens were evacuated from the West Coast in what Lt. General John DeWitt said was compelled by “military necessity” (Wheeler, Becker and Glover 244). The most convincing and reliable evidence reveals that the removal and incarceration of Japanese Americans after Pearl Harbor did not meet the “clear and present danger” test. I do not agree with the Supreme Court’s decision.
In his 1796 Farewell Address, President George Washington warns against developing “permanent alliances” with foreign countries, arguing that this entanglement leads to unnecessary complication (Washington). Of course, Washington’s warning is somewhat grounded in the fact that the United States was a young country that could not handle excessive participation in foreign affairs. Nevertheless, it is important to pay some attention to Washington’s words. Since 1900, the United States has executed more than two hundred military interventions. Furthermore, sixteen of these are marked as “attempts at nation building” (Pei and Kasper 2003). Since 1900, the United States has taken on a habit of intervening in foreign countries with the intention of maintaining peace. However, as indicated by Pei and Kasper, success in improving these nations is rarely the case. Of the aforementioned sixteen efforts, democracy was preserved in only four cases. This low success rate proves that building a nation is an inherently complicated – and difficult – process that should only be executed when the recipients truly want help.
Due to Japan never wanting to surrender to the United States of America, two bombs were dropped on two cities which were Hiroshima and Nagasaki. There were many reasons why the United States decided to launch their nuclear attack. One of those reasons was that they wanted to end the war and save lives. An invasion would have cost too much and would have had a lot more people killed. Another reason was that the U.S didn’t want another war happening which was going to be Russia vs Japan. They intervened to show how dominant they were and show dominance over the two countries. The last reason that will be talked about is Pearl Harbour. The United States wanted revenge for what the Japanese had done to them. The conflict between the United
Before the conflict between the United States and Cuba, the two countries were strongly connected in terms of trading, with the US purchasing 87% of Cuba’s exports (CITE). However, once Fidel Castro came to power in Janurary 1959 after successfully overpowering President Batista and established Cuba as a communist state, relations became strained. In the following year, $1.8 billion US assets in Cuba were taken by Castro and the newly Communist state created close ties with the Soviet Union (CITE 2). In the year of 1963, travel and financial transactions with Cuba were both prohibited. Traverse from the United States to Cuba was made illegal on February 8, 1963 and the Cuban Assets Control Regulations, or CACR, issued economic sanctions prohibiting financial transactions with Cuba in July of that same year (CITE 2). In the year of 1977, President Jimmy Carter attempted to repair the relationship between countries by opening a “US Interests Section” in replacement of the previously closed US Embassy in Havana. Carter also began talks with Cuba.
The United States and Colombia have had a long standing relationship through the course of history. There have been trade agreements signed by the two parties; also negotiations have taken part in regard to development strategies on the part of the US to promote the rule of Democracy and it’s institutions in Colombia, where illegal armed forces sought to control many aspects of the country’s development. Aside from trade agreements the United States and Columbia have also had agreements related to the protection of the environment, renewable energy, control of chemical weapons, and so on. We are going to discuss these concepts in more detail throughout the paper to determine the socio-economic and political relations between the two countries, and try to create a perspective for the future of the relationship between them.
Like Athens and Sparta, were the United States and China drawn into a war neither power wanted because of their alliances?
The United States and Australia are both industrialized countries with both English-speaking populations with challenges of providing health care coverage. Differences and similarities can be found in both countries with regards to the health care system. Both have government programs such as Medicare that is designed for the population in different circumstances, and both populations use private insurance. With the implementation of the Affordable Care Act, the United States is attempting to cover a large population of those needing health insurance yet in Australia Medicare system covers a larger portion of its population. With the cost continuing to rise along with spending for health care is dramatically different. The money
In the year 2014, The United States and Iran are considering working together in order to put a stop to the threats posed by the militant group, Isis. This is a big step for the two countries since just in 2013, the United States threatened to use force against Iran to prevent Iran from obtaining a nuclear weapon. Even though, the two countries are facing a common enemy, Iraq; this does not reduce the tension that the U.S and Iran have towards each other. For 60 years, the U.S. had a tumultuous relationship with Iran. From the removal of Iran Prime Minister in 1953 to the most recent, Iran’s nuclear agenda, the United States have been involved. This raises the questions of how did the U.S. involvement in past history shape current Iran
The United States and Brazil have similarities nevertheless numerous dissimilarities associated with health care. First and foremost let’s get things straight, The United States is an industrialized nation that has nearly 323 million residents. Besides, it has the most significant economy globally, due to its Gross Domestic Product (GDP) which is around $16.77 trillion (World Bank, 2014). Alternatively, Brazil is an up-and-coming country, with more than 204 million of populaces and categorized by indigenous multiplicity that disparities wealth and advanced areas with some places that are exceedingly underprivileged. Within the last 15 years, Brazil has enhanced its economy and currently it is reflected as a stable country not only economically but also governmentally and socially. The Brazilian GDP is around $2.246 trillion, basically, more than 6 times less than The United States GDP.
Conflict over energy resources—and the wealth and power they create—has become an increasingly prominent feature for geopolitics particularly in the Middle East . The discovery of oil in the late nineteenth century added a dimension to the region as major outside states powers employed military force to protect their newly acquired interests in the Middle East. The U.S.’s efforts to secure the flow of oil have led to ever increasing involvement in the Middle East region’s political affairs and ongoing power struggles. By the end of the twentieth century, safeguarding the flow of oil from the Persian Gulf had become one of the most important functions of the U.S. military establishment. The close relationship between the United States and the Saudi royal family was formed in the final months of World War II, when U.S. leaders sought to ensure preferential access to Saudi petroleum. The U.S. link with Saudi Arabia and other countries in the region has demonstrated to be greatly beneficial to both parties, yet it has also led to ever deepening U.S. involvement in regional politics.
To the surprise of most people the biggest trade relationship in the world is not USA and China or USA and Saudi Arabia, but it is actually our unsuspecting neighbors to the North. Canada exports a whopping 73% of its goods to the United States and imports 53% of its goods from them. This relationship consisted of $347.8 Billion in imports and $312.4 Billion in exports in 2014. Crude oil is the biggest export in Canada accounting for 18% of total exports, with cars following close behind with 10%. As close as this relationship is there is some very key differences in the way that the United States and Canada treat businesses and regulate the economy. The US has always been business first, and following the idea that the market will choose
Historically, relations between the United States and Turkey were formed through mutual respect and interest. The first U.S. interaction dates to 1831, “when the United States established diplomatic relations with the Ottoman Empire” (the U.S. Department of State) in 1831 through the formal act of diplomatic recognition between the countries. The friendship was strengthened in the early 1900s as the United States was elevated to Embassy status in 1906. During World War I, however, the U.S. broke the neutrality and declared war against Germany, a prime ally of the Ottoman Empire for Central Powers. This incident caused a severity in the diplomatic relations between the U.S. and the
Health care is vastly different yet has very similar aspects in the different countries around the world. Each one tries to do what is best for the citizens, economy and government. Though a lot of them have similar delivery systems there is always something that sets them apart from each other. Two specific countries are going to be discussed further here are the United States and Sweden. The reason Sweden was chosen is because is it listed as one of the top countries for health care in the world. Many different aspects of health care delivery will be explained including the healthcare spending, concerns in rural areas, health professional education and training, prescription drug coverage and women and children’s health care options.