Economic issues.
Oil as the central world commodity, leading to a fundamental change in the global economy.
Objective of the project
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.
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.
Increase in demand on oil replacement products.
In the course of a significant increase in oil prices, there is a need to switch to oil-replacing products.
Additional Information
What moves the prise of oil
Why the Price of Crude Oil Dropped in 2015
Why oil prices will not cool down, but only go up
Project risk
The OPEC oil price shocks.
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 oil become scaree resourses.
Project stage
Stage 1
The organization of economic activity on the proposal of cheap oil in large amount.
Combining oil-producing countries into one organization.
The OPEC oil price shocks.
Stage 2
Increase in demand on oil replacement products.
Determination of oil as a scarce product.
The project budget is not determined due to frequent changes in oil prices.
Parties concerned
OPEC
Cunsumers
Byers