Evaluation:
Published: 01.12.1996.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
  • Essays 'The Worlds Biggest Legit Cartel: Crude Oil', 1.
  • Essays 'The Worlds Biggest Legit Cartel: Crude Oil', 2.
Extract

Crude oil, a vital world resource, is slowly becoming more affordable. Political turmoil in one of its member's states, and the threat of sanctions against another sent gasoline prices near a dollar a litre recently. But now that bubble has popped, followed by a sharp fall of almost 60 cents a barrel. With the fall of crude came the fall of crude, heating oil and both of their respected future contracts. Prices may be on the rise again depending on the outcome between the UN and Iran over it's nuclear program.

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