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Economic issues. Oil as the central world commodity, leading to a fundamental change in the global economy.

Partis concerned

OPEC

Sonsumsers

Byers

The project budget is not determined due to frequent changes in oil prices.

Project stage

Stage 2

The organization of economic activity on the proposal of cheap oil in large amount.

Stage 1

Determination of oil as a scarce product.

Project risk

The oil become scaree resourses.

When the price of some commodity increases, consumers will try to use less of it but producers will want to sell more of it.

The OPEC oil price shocks.

What moves the prise of oil

Objective of the project

Increase in demand on oil replacement products.

Сourse significant increase oil prices, need to switch oil-replacing products.

Combining oil-producing countries into one organization.

In the process of increasing the impact of oil on the economy the main oil-producing countries are merging into one organization to jointly raise oil prices.

To allocate scarce resources to satisfy their unlimited wants.

As you know in the world resources are divided into limited unlimited and recoverable with unlimited human needs it is necessary to develop a rational use of limited resources.