History Of Woodford Reserve

History Of Woodford Reserve
INTRODUCTION
The state of Kentucky has long been known for its versatility in alcohol, and bourbon is no
exception. Popularity in all types of bourbon is on the rise across the United States, and this directly
impacts the state of Kentucky in part due to ninety–five percent of all bourbon being produced here
in the state (Dickson, 2011). However, with the current economic boom, the bourbon industry is
seeing trends it has never seen before. One of the most popular brands in bourbon currently is
Woodford Reserve. Woodford Reserve Distillery is located in Versailles, Kentucky and has become
one of the most widely known bourbons from this alcohol crazed state. They even have their own
club called the Woodford Reserve Club and is located in ... Show more content on Helpwriting.net
...
Former first lady of Kentucky, Jane Beshear, is one of the founding members of the organization
Bourbon Women, which is one of the first women drinking clubs in the country. Beshear claims that
women have always been a key factor in the development of bourbon in Kentucky (Minnick, 2013).
This is not the case for the rest of the country where bourbon is not such a pivotal factor in the
state's economy. However, women are beginning to acquire a taste for bourbon according to Robert
DeGrange, owner of Nashville's Whiskey Kitchen. "We see more of the younger demographic, as
well as more females, starting to branch out and try bourbons straight as well as in signature
cocktails," states DeGrange. This could be due to producers such as Woodford Reserve beginning to
target women. Two ways companies have begun to target women include:
Production of flavored bourbons such as vanilla, caramel, cherry, peach, honeysuckle and many
more
Producing more feminine labels that appeal to women
Lightening up on the percent of alcohol in women–marketed drinks
Like the production of flavored Vodka, these two changes had major impacts on female purchases
and consumption (Minnick, 2013). Furthermore, sooner rather than later, women will play a much
larger role in the demographics of the typical Woodford Reserve consumer.
Changing the Culture of Marketing to Women
Bourbon producers targeting women is a relatively new marketing strategy, especially for
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Essay on How Oil Prices are Established
How Oil Prices are Established Did you realize that at our current consumption of crude oil and at
our current status of known reserves, we have approximately 40 years of reserves remaining? This is
a startling fact when we take into account all the products that are produced from refined crude oil
or from its by–products. Many people are aware of the price increases they feel at the gas pump, but
has anyone ever considered the cost or investment put forth in finding new reserves? Under the right
conditions, oil would sometimes seep up to the surface, but in our times, the search for new reserves
is more costly and dangerous. When considering how the price of crude oil and its by–products are
determined, one must first look at the ... Show more content on Helpwriting.net ...
Through various news sources, there has been reported an increase in weather occurrences that
cause temporary shortages in crude oil production. The largest of these occurrences has been from
hurricanes. When a hurricane is reported and the path is determined to cross through offshore oil
platforms, all production must be stopped and crews evacuated for their safety. Only once danger
has passed, will production resume. This sometimes can be just a few days or longer, depending on
if any damage has occurred. In 2005, the Gulf of Mexico experienced two hurricanes that devastated
offshore and onshore oil production facilities. Offshore oil platforms were broken from their
moorings and driven to shore, and onshore refineries suffered tremendous damage from flooding
and high winds. Another weather occurrence that can have a dramatic influence on pricing is the
onset of winter. Rather than winter weather causing supply shortages, the demand increases from
consumers requiring fuels for heating. However, weather is not the only factor that influences
pricing. With most of the known reserves currently producing and slowly depleting, the search for
newer sources takes the producers into areas originally thought too harsh or uneconomic to tap.
When the oil and gas industry was in its infancy, crude oil could be found in pools on the ground
surface. This was caused by cracks in the geological formation. As crude oil is

The Rise Of China, Alternative Energy, And The Future Of...
The Rise of China, Alternative Energy, and the Future of Global Currency
American hegemony began with a unique economic market. The unregulated version of capitalism
employed and protected by the United States Government (USG) was developed by individual
entrepreneurs operating in the freest market in the world. They innovated petroleum refining and
business practices that are still supporting U.S. global monetary control and financial power today.
Now that humanity is making a shift away from petroleum, the same market practices used by the
oil barons of 19th century America are being applied by the solar barons of China, and the rise of a
new global hegemon is apparent, or at least widely considered possible. As global change continues
to threaten the consumption of the petroleum that keeps the U.S. in power, and the dollar that is
backed by petroleum trade, the rise of China as a provider of alternative energy and currency will
soon force the U.S. to either share its position of global leadership or compromise the peace that has
been maintained by its uncontested seat of power. Still, mutually advantageous foreign policy can be
put into place to create a duplistic monopoly of force that will maintain global stability. For the last
70 years, the U.S. dollar has been virtually unchallenged in international finance. While critics point
out that the U.S. has used its leverage to maintain a system that they call unfair, the Hegemonic
Strategic Trade Theory (HSTT)

U.S. Dollar: The World’s Reserve Currency and Its Threat
The purpose for this paper is to explain what is meant in terms of a world reserve currency in the
financial world giving details of how the U.S. dollar became the prominent title owner. The paper
will proceed to give a detailed understanding of the interworking of the world reserve currency with
international trade and its importance to the U.S. economy. Also, the paper will mention the looming
threats to dethrone the "all mighty dollar" of its world reserve currency status with far reaching
ramifications to the American economy if that were to take place. In closing there will be a short
summary of the important points discussed throughout the paper.
The U.S. dollar known as the "greenback" interplays in the daily lives of every ... Show more
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The dollar has been categorized as the reserve currency based on four key factors: the size of the
U.S. economy, the amount of available dollar–denominated securities, its "liquidity" or ability to sell
quickly, and the depth of the currency at which it can be bought or sold without affecting overall
price (Conerly, 2013). The agreement was designed to issue loans to war stricken countries for the
purpose of rebuilding infrastructure for those nations. America's hope was to develop future markets
of international trade for the United States. In 1971 under the guidence of president Nixon, America
broke ties with the Betton Woods agreement making the U.S. dollar a "fully floating fiat currency"
allowing the printing of dollars (paper money) not backed by the gold standard to pay for the $500
billion Vietnam war and rising welfare programs (Mills, 2014). Then in 1973 Nixon made a
agreement to protect the nation of Saudi Arabia if they would accept the U.S. dollar as the only form
of payment for their oil termed the"petrodollar" (Mills, 2014). This along with all other international
trade turned the dollar into the "all mighty dollar" world wide. As a result all nations had to buy U.S.
dollars at an exchange rate for their currency to buy and sell goods and services internationally
valuating the dollar higher then it has ever been valued before. In the Dollar's prime as the world
reserve currency international trading between nations would

U.s. Foreign Oil Dependency
Foreign oil dependency is a major topic that is hotly debated in US politics. The United States relies
on imported oil for about 40% (in 2012) of petroleum consumed and is the world's largest consumer
of oil. About 53% of the foreign oil imported is from other Western nations such as Canada, Mexico
and Brazil. 28% is from the Persian Gulf, 16% from Africa and the remaining from other areas of
the world. Canada is currently the leading crude oil supplier to the US. Some believe that importing
oil has benefits to our economy, while others believe it is a security threat. Some economists believe
total energy independence would reduce the demand for the US dollar, as the oil trade is done is US
dollars. Since oil prices are set for the total supply of oil, the global market will decide the price of
oil regardless of whether the US imports oil or not. Therefore, to keep the dollar strong we should
continue to import oil. However, the U.S Department of Energy claims that although US petroleum
production has increased and net imports have decreased oil imports have cost our economy around
$116 billion in 2014 and oil price shocks and price manipulation are to blame. The solution the US
Dept. of Energy has set out is to developed more advanced and fuel efficient vehicles, and create
new energy sources to replace petroleum. Arguments are made for alternative means of retrieving
oil on North American soil such as fracking and tar sands but there is a strong opposition

Sports Agents Essay
Sports Agents
People have been entertained by sport since before the gladiators in the Roman Coliseum. In the
20th century, the publics' passion for sport consumes more and more of their free time. As sports
figures became internationally recognized, athletes began to realize their need for professional
representation. Thus, sports agents were born. The field of sports agents has grown since then into
an enormous field. Agents now deal with every aspect of an athlete's life. Agents can be considered
professional mangers who find the best place for their client's talent.
Sports Agents have not been around for a long time. "Until the 1970's, very few players had agents
because teams would not deal with agents (Masteralexis, 244)." ... Show more content on
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This system bound players to teams and allowed owners to depress salaries of players.
The second factor was the development of competing leagues. "Competing leagues such as the
American Football League, the American Baseball Association, the World Hockey Association, and
the United States Football League offered an alternative to athletes (Masteralexis, 246)." These
leagues offered higher salaries to induce players to move from their original teams. When players
left a team to for more money, it also increased the salaries of players who stayed on the team.
Agents played a crucial role in determining what was best for athletes, and which league they
should choose.
The third reason for the growth of Sports Agency is the evolution of players associations. "The
Major League Baseball Players Association (MLBPA) led the move away from informal, powerless
associations to true labor organizations that took part in collective bargaining (Masteralexis, 246)."
This organized a central association to bargain for players' income, post career income, tax breaks,
and others. The union also made it possible for players to fight, or even strike to get what they
wanted. One of the largest accomplishments of the MLBPA was establishing free agency. This was
able to happen when Major League Baseball and the MLBPA went through negotiations and the
MLBPA won the right to labor grievance arbitration. Under this arbitration the MLBPA achieved
free agency. The

Mineral Materials Present in Kazakhstan
Kazakhstan is located and deal with two continents, in Astana, the capital, but the city in the
immediate vicinity of the geographical centre of the Eurasian mainland. On the area of Kazakhstan
occupies the 9–th place in the world, yielding only to Russia, China, USA, Argentina, Brazil,
Canada, India and Australia. The urban population forms of 57%, and the rest of the rural
population. in 2004, the number of the population of the Republic of increased. Altogether,
Kazakhstan live 131 representatives of nationalities. In the ethnic structure of the population, the
largest nationality groups in the Republic of Kazakhs, Russians, Ukrainians, Uzbeks, Germans,
Tatars, Uigurs; they dreamed up, 95% of the total number of the population of the country. Since
1994 in the Republic of Kazakhstan, approximately 3,000 foreign joint venture operates,
Kazakhstan foreign capital investments to 8 billion US Dollars. This amount is approximately 16
years of independence in the past and is of great importance for the country. This magnitude of
capital inflows, the country's former production rehabilitate the infrastructure is rapidly and the
economy of new facilities have been added. All data are analyzed, about 1.5 billion US Dollars in
the upcoming volume of investment of the Republic of Turkey, in the Republic of Kazakhstan in the
world, after the United States understood. Turkish business in Kazakhstan today more trade,
investments, telecommunications, hotel business, production of

Is Drilling Necessary? Essay
During the last few years, the people of the United States have spent money excessively when and
where spending was unnecessary. The excess spending has resulted in the current recession. The
economy went into recession when the price of gasoline increased to four or five dollars a gallon in
2008. A way to offset the recession would be to expand drilling in the United States. The Energy
Information Administration estimates the amount of oil in the Bakken Formation alone at 3.0 to 4.3
billion barrels. Drilling for oil domestically is not only viable but also, it is beneficial to the United
States because it will reduce reliance on foreign oil, provide fuel at a cheaper cost, and create jobs
for American citizens. Oil and oil–like ... Show more content on Helpwriting.net ...
Why America is not drilling is an example of insufficient use of local resources. By inland drilling
from the reserves, Americans could cut the cost of spending on foreign oil and provide for the
citizens of the United States. Because of the vast resources, America can drill without having to
worry about consuming all the resources available. The United States dependence on foreign oil has
harmed the economy. In the article, "Wishing Well," Tim Burnhill states, "Everyone agrees the U. S.
must reduce its reliance on imports from potentially hostile countries, which means finding new
domestic reserves." Burnhill is right! If America will begin drilling domestically, the country will
recover from some of the debt created in the States. Rather than depending on its own resources, the
United States continues to depend on the imports from violent countries who only want to see
America fall. The fact of the matter remains that the debt has become too high and the resources
from violent countries such as Iran, Iraq, and Pakistan, are no longer affordable. Libya is another
violent country ran by Moammar Gadhafi. Gadhafi wants to receive favor from his countrymen by
lowering the gas price, giving dinars to each household to live on, and offering more credit to those
who own a cell phone. Not only that, but Gadhafi has taken steps to insure that money from oil will
stay in the East through "the Arab Gulf Oil Company, an affiliate of the Libyan government's

Scottish Wildlife Trust Essay
The Scottish Wildlife Trust manages a network of 120 wildlife reserves across Scotland. Their main
aim is to aid in preserving and maintaining healthy ecosystems throughout Scotland's land and seas.
Possil Marsh is one of such wildlife reserves, located in the north of Glasgow. Ecology and
Conservation students from the University Glasgow visited the reserve on Friday the 14th of
October 2016. The intention of this excursion was for students to see first–hand the variety of
wildlife which inhibits the reserve and take into consideration the processes of management. This
refers to preserving the area whilst still making it accessible to the public. With an area of 78.2
acres, Possil marsh contains a large quantity and variety of habitats to support the inhabiting species.
The reserve has a shallow freshwater loch, providing suitability for water birds and many other
animals. This water is surrounded by a combination of vegetation including marsh, swamp and fen,
with areas of willow scrub and grassland. The fen and swamp areas support locally rare plants
specific to this site. The reserve is also proved to be an important staging post during the spring and
autumn migration for warblers and waterfowl. There is path accessible from the Forth & Clyde
towpath and around the perimeter of the reserve which is available for visitors to use. (SNH, 2007)
Upon arrival of the reserve my initial expectations were already contradicted. Although I was aware
that the reserve was near the

The New City Of London
London is one of the oldest and most beautiful cultural cities in the world in which to live, of
course, is very prestigious, and due to the favorable situation in the country and the city, both
political and economic, real estate is constantly going up. Far not everyone can afford to purchase it,
so buying a property in London – the choice of business and rich people. London – a city that is
constantly expanding, built up, growing up. For London is typical build up industrial districts and
the old docks, destroying old buildings changing territory into attractive areas. New buildings in
these areas have a tremendous success. And all thanks to the amazing view that opens from their
windows on the main river of the capital – the Thames. The same thing happened with Greenwich
Peninsula. Greenwich Peninsula area of 300 acres (121.4 hectares) is located in the southeast
London, on the south bank of the Thames. Once on the peninsula was a big factory on manufacture
of gas. In 1996 it abandoned and heavily contaminated site was chosen as the site for the experience
of regeneration of the former industrial area. First was built entertainment complex Millennium
Dome (now The O2), then a multi–purpose indoor stadium O2 Arena. Greenwich Peninsula
reconstruction planned to be completed within 20 years, but with the onset of the crisis the project
has stalled. Although the time to build a complex of houses on the peninsula and piers at Riverside
Parkside. This transaction should be a

China 's World 's Elite Currency
Chinese Ren Min Bi has become one of the world's elite currency. On Monday, November 31, 2015,
The International Monetary Fund has approved China 's yuan into its elite reserve currency. As this
decision announced, it will impact China's economy. This new policy will help pave the way for
broader use of the renminbi in trade and finance, securing China's standing as a global economic
power, just like four other currencies – the US dollar, the European euro, the English pound and the
Japanese yen.
Yuan become international currency. What the impact to the other country, such as Indonesia as
developing country? Nowadays, everyone knew that US Dollar is common currency that use for
international currency, and usually use it for market ... Show more content on Helpwriting.net ...
Firstly, the dominance of the US dollar as an international currency to be more reduced. Chinese
government believes that the positive effect will be felt by the country 's currency if the yuan
becomes number one in the world, one of which is able to weaken the hegemony of the US dollar as
global reserve currency. It also increases the importance of China in global financial markets. The
impact could be felt at least in the near future, in the third quarter of 2016. In Indonesia, on the last
few years, people can put their assets in bank by using US Dollar, but in the next few year, it cannot
be denied if people can put Ren Min Bi as their assets, because Ren Min Bi exchange rate is cheaper
and friendly than US Dollar.
Secondly, the demand for renminbi asssets could be increased. The inclusion of the yuan also
potentially provide a shift in asset demand for renminbi, it is predicted will take place in the short
term in the capital market. However, the inclusion of the Ren Min Bi as a global reserve currency
that could have a significant impact on profit credit.
Moreover, Indonesia will be dependence on declining US dollar. The positive impact of reducing
Indonesia 's dependence on the US dollar, if the bilateral swap effectively and cost of fund in
market. Then it will give a tremendous impact of changes in economic conditions that exist in
Indonesia later. So, Indonesia will be able

Case Study Of Chevron
Chevron is one of the largest publicly world traded oil and gas companies in the world, based on
proved reserves. It is lifting in oil and gas production and exploration and distillation of petroleum
products, manufacturing of chemicals, and other energy–related businesses. Chevron, in its present
form, resulted from the 2002 merger between Texaco and Chevron Corporation.
Chevron is one of the largest integrated energy players in all over the world. The company's oil and
gas development projects is among the best in this industry. However, with some deficits in its
operating cash flow, the company needs to look for other avenues like asset sales to meet its
shortfall.
The company's success is driven by the ingenuity and commitment of its employees and their
application of the most innovative technologies in the world. Chevron Corporation lately ... Show
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In 2014, the Chadian government announced plans to triple its oil production by 2015. The country's
oil reserves are estimated to stand at 1.5 billion barrels. With Chevron now out of the picture,
companies willing to accept the risks and challenges of doing business in Chad stand to gain
opportunities.
These assets have played a substatial role for Chevron in Africa for the past 14 years," said the
president of Chevron Africa. "They have been a profitable as a part of our portfolio for many years.
The combination of current market conditions and the size of the assets relative to our portfolio
make this time an ideal time for a divestiture."
Foolish conclusion:
Trends in the energy sector, including rising capex costs, have pushed Chevron to change its
strategy. Selling its Chadian assets was a good decision because of the region's instability, the
declining production of the assets, and the disappointing transport volume carried by the Chad–
Cameroon pipeline. However, Chevron's exit opens up opportunities for competitors advancing
different strategies in the potential–filled

China 's Stature As A Political As Well As Economic...
Synopsis: –
China's stature as a political as well as economic hegemon continues to grow well into the second
decade of the 21st century. This has led many to believe that the Chinese Renminbi (which is
denominated in the Yuan, and hence, referred hereafter as such) – may soon eclipse the United
States Dollar (USD) as the World Reserve Currency (WRC).
Such claims of a currency of a large economy eclipsing the USD as the WRC have been rife in the
past. In its heyday, Japan's Yen was thought to have the capacity to overthrow the USD's dominating
position in the 1970's. After that, the German Mark was widely expected to do the same in the
1980's. And later, the Euro too was theorized to be the next WRC.
The major aim of this paper is to give economic and political arguments to show that the Yuan will
similarly not succeed to dethrone USD as the world's most dominant currency.
This essay is divided into several sections. The first section deals with defining what exactly the
author means by 'World Reserve Currency' and 'Dominant Currency' – because without underlying
this, the issue becomes vague and ambiguous. The second section seeks to answer the factors
affecting currency compositions of reserves across the world – and will briefly argue why the USD
(and not the Yuan or any other currency) continues to fit the bill as the perfect reserve currency. It is
followed by section three which asks why the tag of "World Reserve Currency" is so important –
and also answers why the

The Organization Of The Petroleum Exporting Countries
In December 2014, OPEC was ranked third on Lloyd 's list of "the top 100 most influential people
in the shipping industry." It is important to understand the mission of OPEC is to better understand
its influence and impacts on the world. According to the OPEC website, The mission statement of
OPEC is as follows: In accordance with its Statute, the mission of the Organization of the Petroleum
Exporting Countries (OPEC) is to coordinate and unify the petroleum policies of its Member
Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and
regular supply of petroleum to consumers, a steady income to producers and a fair return on capital
for those investing in the petroleum industry. The 13 ... Show more content on Helpwriting.net ...
Nuclear energy is a big trend that many nations are strategically moving towards. As a result, the
OPEC nations whose economies are reliant on oil exporting are taking a hit for the worse. For
example, Saudi Arabia is considered the world's largest oil producer. According to Investopedia it
produces 13.24% of the oil–consumed daily for the world. It has the second largest oil reserve
compared to Venezuela. However, the U.S. Energy Information Administration shows that the
United States out produced the world in total petroleum and other liquids (biofuels, liquids derived
from coal, oil shale, and refinery gain production in 2014. The production was as follows: United
States 13,973,000 barrels per day (bbl/day), Saudi Arabia 11,624,000 bbl/day, Russia 10,853,000
bbl/day, China 4,572,000 bbl/day, and Canada 4,383,000 bbl/day. If one does the math: the United
States produced 31% of the total petroleum and other fluids in a day whereas Saudi Arabia produced
25.6% (percentages out of top five producers only). It is important to note, in the top five producing
countries, there is only one OPEC nation. United Arab Emirates, Iran, and Iraq are fourth, fifth, and
sixth in the rankings. Currently, Saudi Arabia wants to continue producing a surplus of oil because it
wants to still be a major player whereas smaller OPEC countries involved want to curb production
so oil can be at the equilibrium point on the supply and demand graph. On November 27, 2014,
Saudi Oil

Decline of US Dollar
For more than sixty years the United States dollar has been the central reserve currency for the
world. A reserve currency, also referred to as an anchor currency, is a currency that is held in
significant quantities by governments and institutions as part of their foreign exchange reserves
(Carbaugh, 2011). As the world's reserve currency, the U.S. dollar is used throughout the world as a
medium of exchange and is used as the global currency for products traded within the global
market. In recent years the status of the U.S. dollar has been contested by a select few around the
world. Leaders are unconvinced about the future of the United States economy as their deficits are
exceeding record highs. The following analysis will discuss ... Show more content on
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All of these actions by the U.S. Government have greatly increased its reliance on foreign investors
to fund both large budget and trade deficits.
Increased trade deficits can be concerning, but it is the United State's large budget deficits that are
concerning the worldwide leaders. The trade deficit is a reflection of the United States rapid growth
compared to other countries along with the continued injection of foreign funds into the U.S. due to
the dollar being the reserve currency (Carbaugh, 2011). A portion of the trade deficit is a result of a
capital surplus and not a reflection of an imbalance in the U.S. economy. In other words, the budget
deficit is due to a structural imbalance as the U.S. is spending beyond their means.
Due to the $14 trillion deficit, the United States has had to print more dollars to support their
financial responsibilities. Foreign countries and investors have concerns that the U.S. will be
confronted with financial difficulties in the future which will result in the depreciation of the dollar
and also increased inflation. If this were to occur, foreign nations who have invested in millions of
U.S. dollars would lose considerable amounts of their investments. These concerns have caused
foreign investors to lose confidence in

An Article Review on: the Borrower of Last Resort:...
An Article Review on:
The Borrower of Last Resort:
International Adjustment and Liquidity in Historical Perspective*
Ramaa Vasudevan
According to the author Ramaa Vasudevan the article was aiming to compare and contrast the actual
workings of the international l monetary arrangements in the two periods, Britain during the period
of the international gold standard and USA after post war period. The pyramiding if official
liabilities on a disproportionately small reserve base and the parallel emergence of unregulated
monetary mechanisms based on an explosion of private liabilities generated international liquidity in
both periods. It also adds to explain the workings of the international monetary systems of the two
periods which ... Show more content on Helpwriting.net ...
In order to foster liquidity during the pre war period Britain act as the "lender of last resort" through
borrowing short and lending long. London's ability to "as the lender of last resort" was based on
other countries' willingness to hold pound liabilities. According to Rama the "gold standard" period
of the international monetary system was able to weather the crises that did erupt. The inter war
period was marked up by the deleterious trade wars. These underscored the fragility and
contradictions of the international monetary system. With the weakening of the British dominance,
they depended on the USA reconstruction and the significant US current account surpluses
buttressed the growing dominance of the dollar in international settlements. But during this time the
dollar was in shortage. In order for this to be solved principal surplus country USA would need to
impart liquidity to the international monetary system, by taking on the role of financial
intermediation that had underscored London's role in the Gold standard period. But due to the fact
that it was only the onset of the aftermath of the war the USA is not yet ready to do the role. This
gave birth to the Bretton Woods conference which sought to weld a new international monetary
order under the joint initiative of England and USA. The post war world was marked by the
emerging dominance of the US dollar as a key currency. Since

George Orwell's Nineteen Eighty-Four 1984 Essay
Not so free after all
Big Brothers eyes are over watching us everyday. The privacy we once had has dissipated. His focal
point is in the sky like an eagle stocking its prey. The camera lenses of Big Brother dwell
everywhere. Big Brother is always awake and has an eye on us. As of today, Big Brother has risen
taller and mightier. He has gained the power to control what we can have knowledge about and has
infiltrated into our private lives. George Orwell's novel 1984, prophesied coming of our democracy
of a negative utopia has been proven by current events. Today, the United States democracy is
looking much like the totalitarian state of 1984. Tactics of persuasions to make citizens believe their
economy is ... Show more content on Helpwriting.net ...
Each one of them is censored by the government department of the FCC, which stands for the
Federal Communications Commission. Much like the ministry of truth, it regulates U.S. broadcast
media and communications markets. Everything a news reporter reports a story on is looked at
beforehand for censorship before it hits the television screen. If for instance he or she is doing a
story on something the Party/Government wishes not to reveal to our eyes and ears, then the story
never hits the screen or air. They only want you to hear what they want in other words. Since they
own the press, they can do this. They follow a concept called the Authoritarian.
The Authoritarian concept is viewed as the oldest of media concepts, tracing its roots from the as far
back as Gutenberg's invention of the printing press in the mid–fifteenth century. With this invention
came government limitations and restrictions on something they saw could challenge their authority.
"The basic principle of authoritarianism is the press is always subject to the direct of implied control
of the state or sovereign. Diversity of views is seen as wasteful and irresponsible, harmful to the
country's development. Under this system, the press are allowed to gather and publish news, but the
news must be for 'the good of the state', and should not criticize authority or challenge the
leadership in any way."(McCormick) Everything we see or hear from the press

Oklahoma Oil Spill Case Study
To date, the majority of oil spill operations are rarely capable of recovering and/or treating more
than a small portion of the oil which was spilt.12 Within the Gulf of Mexico it was estimated that
nearly 4.9 billion barrels of oil were spilt, and approximately half of the oil spilt was 100% methane
which and is still within the Gulf today.12 The oil was able to rise to the ocean surface and extended
over an estimated 68,000 square miles–this is approximately the same size as the state of
Oklahoma.12 Considering the amount of oil spilt, there has been and continues to be a huge impact
on marine life, wildlife and their ecosystems, as well as the fishing and tourism industries.
Ecosystems
Between the months of October and November, 2010, an estimated six months after the ... Show
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Researchers found that eighty–six percent of the colonies within the central region exhibited at least
50% signs of impact.13 forty–six percent had exhibited impact levels of either a 3 or 4, and 23% of
the colonies sustained impact which accumulated of more than 90% of the colony–displaying
impact levels of 4.13 Another study focused on the impact which Deepwater Horizon had on the
coastal salt marshes, located in and around the Bay Jimmy within northern Barataria Bay, Louisiana.
This area was just one of the many which were severely impacted by this oil spill, the area affected
covered more than 8 km x 5km.14. Within this field study seven stations were randomly selected
from a much larger population which received heavy, moderate, as well as non–oiled marsh land.14
Both heavy and moderate shorelines accounted from 283 km of the 692 km of oiled march
shorelines within Louisiana.15 Results showed that concentrations of total petroleum hydrocarbons
within the soil were found to be significantly greater in heavily oiled marshes, when compared to
moderate and controlled (non–impacted) marshes.15 Marshes which contained

Essay On The Development Of The Albertan Oil Sands
Canada's oil sands are among the largest oil reserves in the word. This is evident from the fact that
Canada is ranked third for the largest oil reserve in the world, after Venezuela and Saudi Arabia
("Oil Sands," n.d.). "Oil sand", is a naturally occurring mixture of sand, clay, water and bitumen
(Gosselin et al., 2010). It is a very dense and extremely viscous oil that must be treated before it can
be used to produce usable fuels such as gasoline and diesel (Gosselin et al., 2010). In North
America, high oil prices, growing demand, and diminishing oil reserves results in greater interest to
mine local oil reserves. Increased production of oil generates significant economic benefits but, at
the same time, the development of the oil sands ... Show more content on Helpwriting.net ...
This will in turn, result in a greater greenhouse gas effect and contribute significantly more to
climate change. Canada will not be able to meet green emission standards and will rather be
contributing more to global climate change than trying to reduce it.
Along with greenhouse gases, other pollutants are released into the air during oil sands operations.
These pollutants are harmful to ambient air quality and human health. In the Alberta oil sands,
regional air quality is mainly impacted by the production of nitrogen dioxide and nitric oxide (NOx
gases) ("Air Emissions," 2015). NOx gases are primarily produced by fuel combustion in vehicles
and react to form smog and acid rain (NOx gases in diesel car," 2015). Consequently, these gases
project a concern to the workers present that are mining the oil sands. This is because NOx gases
overtime can lead to reduced lung function and breathing problems (NOx gases in diesel car,"
2015). Finally, these gases pose a threat to local wildlife and vegetation since they react to form acid
rain in the atmosphere. The production of acid rain is harmful for the ecosystems present. This is
especially true for aquatic ecosystems and overtime will lead to death of local wildlife. To conclude,
the development of the oil sands is unfavorable due to the production of harmful gases. The
development impacts global climate negatively due to increased greenhouse gas

Essay on Current Account Deficits
Carbaugh (2011) asks, "Can the United States Continue to Run Current Account Deficits
Indefinitely?" (p. 361). Ultimately in the long term the answer is no, but the question could be
rephrased to ask: (1) Does the United States' unique position in the world economy allow the
country to safely run persistent external deficits? and (2) can persistent U.S. deficits in the current
and payments accounts be adjusted without bringing about economic recession or crisis? Japan,
China, and Middle Eastern oil countries have enabled this deficit to continue by heavily investing in
U.S. Treasury securities (Carbaugh, 2011). Because foreigners desire to purchase American assets,
Carbaugh (2011) concludes that "there is no economic reason why [the ... Show more content on
Helpwriting.net ...
dollar. (p. 5)
Deutsche Bank (Karczmar, 2004) suggests that the euro could eventually challenge the dollar as a
reserve currency, but the euro is still far behind the U.S. dollar as a reserve currency, representing
just 24.2 percent of the world banking reserves in the 2013 third quarter (International Monetary
Fund, 2013). Numerous economists endorse the United States' ability to safely continue its external
deficits. Cooper (2001) poses the argument in its simplest form:
It is often suggested that the large current account deficit poses a serious financing problem for the
United States. Each year, the lament goes, the United States must attract net inflows of capital
sufficient to "cover" the huge current shortfall. But this proposition gets the logic backward: the
U.S. deficit is "financed" by net capital inflows only in an ex post accounting sense. In economic
terms it is more nearly correct to say that net capital inflows cause the current account deficit. (p.
218)
Likewise, Edwards (2005) suggests that "since the U.S. current account deficit poses no threat, there
are no fundamental reasons to justify a significant fall in the value of the dollar" (p. 212). Bertaut,
Kamin, and Thomas (2009) observe that "with the real multilateral

Corporate Deviance And Corporate Social Responsibility
Generally, organizations are concerned with giving back to the society in order to appreciate the
contributions of the host community to their growth, sustainability and survival according to Oko &
Agbonifoh (2014). Using this as the basis of their operations, corporate alertness is increasingly
being given to corporate social responsibility philosophies. Most business organization thus work on
the idea of maximizing the positive effects of their operation on the society as the negative impacts
of these operation are minimized – Farrell and Fraedrich (1997). This is the thrust of corporate
social responsibility as considered an obligation among businesses in the advanced societies of the
globe.
Oko & Agbonifoh (2014) further posited that businesses come to play for the purpose of meeting the
desire of shareholders. Thus, Friedman (1970) argues that the major social responsibility of business
is to use its resource to engage in activities designed to maximize its profits so far it stays within the
ambit of the game, without deceit or fraud. Unfortunately, most laws formed due to public outcries
have poised danger to profit maximization, thus the wellness of shareholders. Most of these sayings
relate to the obligations business organizations have to those whose physical energy and activities
can have effect on the achievement of corporate aims as stakeholders as well as members of the
public in respect to the conservation of ecological environment and the public safety. Hence,

U.s. Dollar 's World Reserve Status
Throughout the 20th century, the United States has slowly constructed a global system of control. Its
superior military, weaponry and intelligence apparatus have been crucial in this system, but an
equally important factor has been its control of the global economy, and its primary weapon, the
U.S. Dollar. The dollar's world reserve status alone does not make it unique, but its deeply rooted
role in American and global geo–politics certainly does. As Vassili Fouskas and Bülent Gökay point
out in their book The New American Imperialism, "Dollar hegemony has always been strategic to
the future of American global dominance, in many respects more important than America's
overwhelming military power. While military power is more visible and useful as a display, it is the
dollar's role as reserve currency that secures the domination of the U.S. in the global economic
market place". [1] This system is built on serious fault lines and its future is the most important
issue for international relations today.
To understand how the dollar secures American hegemony requires some review of history. After
the Great Depression and World War II, the economic structures of the Old World powers were
destroyed and in dire need of reconstruction. Only America remained in one piece, a situation that
allowed it to decide how the new world order would work. As World War II was ending,
representatives from the Allied nations were gathered in Bretton–Woods, New Hampshire, where
negotiations for this

Global Fiscal And Money Related Framework Essay
There is an essential contrariness between the achievement of worldwide monetary strength and
having a single national currency play out the part of the world 's reserve cash. This is not another
disclosure. However, occasions of a previous couple of months have brought this theme over into
the spotlight.
Born in Belgian, American economist Robert Triffin initially highlighted this contrariness in the
1960s. He watched that having the US dollar play out the part of the world 's reserve currency made
essential irreconcilable situations amongst national and universal financial and economic goals.
From one viewpoint, the global economy required dollars for liquidity purposes and to fulfill
interest for save resources/assets. In any case, this constrained, or possibly made it simple, for the
US to run reliably massive current account deficits. (CANAVAN).
Every global fiscal and money related framework needs to depend on at least one universal currency
so as to permit financial specialists to interface in the global economy by utilizing such coinage as a
method of payment, a unit of record or a store of significant worth. At the point when these global
currencies are additionally local ones, the supply of global liquidity comes from at least one "center
nations." Furthermore, when the center governments work as a restraining infrastructure or semi–
imposing business model, after some time they tend to exploit other countries ' high reliance on their
local cash. By misusing this

Essay on The Brown-Forman Corporation
The Brown–Forman Corporation is one of America's largest producers and distributors of spirits and
wines; selling to state governments, retailers, and wholesalers. Founded in 1870 in Louisville,
Kentucky by George Garvin Brown, the company provides comprehensive industry services that
span the expanse of manufacturing, marketing, bottling, importing and exporting, and sales of
alcoholic beverages. The majority of their brands are globally recognized such as Jack Daniel's,
Southern Comfort, Finlandia Vodka, Woodford Reserve Bourbon, Canadian Mist, Korbel
champagne, Chambord and more. Brown–Forman is recognized for its superior products and have
traditionally catered to the high–end beverage market.
Recent industry statistics regarding ... Show more content on Helpwriting.net ...
To that end they have adopted a two prong approach beginning with renewed marketing approaches
to increasing their market presence in the United States while growing the international business at a
much more rapid pace. In addition they intend to increase their distribution centers across the globe
while increasing their product lines. A recent business analysis pointed to the need for the latter as
sales were showing signs of stagnation. Also, Brown–Forman is aggressively pursuing an online
presence as another avenue for improving their bottom line.
Their updated mission statement and slogan reflects a renewed outlook for potential sales – building
forever. Brown–Forman considers every adult of drinking age to be a possible and probable
customer. This mindset underscores the forward–thinking embraced by company principles. As
well, Brown–Forman has recently purchased four breweries across the country to support another
expansion strategy. The company intends to expand their presence in the 'beer' market and will
piggyback their promotions on other 'made in America' campaigns that have been successful for a
plethora of other products in the United States. Finally, certainly one of their most strategic plans is
to be in front of the concern for problem drinking by promotion the idea of 'drinking responsibly' in
all their ads.
Ownership and general financial information
The specific financials of

The Truth About The Falling Dollar Essay
The Truth About the Falling Dollar – How You Can Still Make Money
By Bob Perry | Submitted On July 18, 2008
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Please – whatever you do – don 't let the depressing facts about the dollar keep you from making
money in 2008. What the pessimistic press isn 't telling you is how you can profit from the lowest
dollar in 15 years. There is a extraordinary opportunity heading your way if you know how to seize
it.
But first let me explain how the falling dollar really works. Then you 'll see with your own eyes how
you can profit. A falling dollar does two things:
* Makes foreign imports more expensive
* Makes US exports cheaper on the world market
The chain reaction not only increases sales of U.S. goods around the world but also creates more
jobs for Americans. The end result increases the profits of U.S. multinationals.
And that 's just the half of it.
Because a cheaper dollar makes foreign products more expensive, Americans buy more American
goods as well–creating even more U.S. jobs. On a purely psychological level, it does even more
than that: It creates greater investor and consumer confidence, as more Americans are working,
more consumers are

Drilling Alaska: America Needs to Adopt Conservation...
Drilling Alaska
I recently read an article in Scientific American (May 2001) titled "the arctic oil & wildlife refuge."
The article addresses the issue of whether or not science has the ability to clarify the potential
economic benefits and the ecological risks of drilling into the nation's last great coastal wilderness
preserve. What I began to wonder after reading the article is, if we humans should continue our
scientific and technological petroleum endeavors even though we are causing irreversible harm to
our earth. My feeling is that we should not drill in Alaska's Arctic.
In the early twentieth century, science and technology brought the automobile. In less than one
hundred years, humans especially Americans have grown ... Show more content on Helpwriting.net
...
Can the most high–tech, compact, thoroughly monitored development still pose an unacceptable risk
to the wilderness? In a situation such as this where the natural environment is at a serious risk and
the public and decision makers are in a dispute, we must all turn to trained scientists in order to
more precisely determine what is at risk and which outcome will serve all parties the best.
In the case of the Arctic over the past twenty–five years, biologists have been studying and have
quantified how underground petroleum activities disturb the life on the surface. For the past thirty–
years, petroleum geologists have worked to create less destructive methods of locating and
removing oil. Typically people think of science and technology working together to better our lives.
In the Arctic situation it is more a case of science versus technology. These two groups of scientists,
biologists and geologists, have been pitted against one another. It is difficult to determine who to
believe and in that decision, it depends on what one feels to be more important: nature or need.
What we must also consider is who the funding for the studies is coming from.
Who funds scientific studies is a critical point and one worth taking a look at. Whoever is providing
the money for studies has a vested interest in what the final outcome will be. Skewed science is
looked down upon by the professional scientific community

Phenomenology In Kern County
1.What is the geopolitical community in you live? Why is it geopolitical? I live in Bakersfield
California, part of Kern County. It is the third largest county in California, east bound of the
southern slope of Sierra Nevada into Mojave Desert, west of San Joaquin Valley, southern part of
Tehachapi Mountains. It is geopolitical due to being the largest agricultural base in California, one–
tenth of overall U.S oil fields. According to the 2010 Census, Kern County holds a population of
839,631 of which 59.5% are White, 5.8% African American, 1.5% Native Americans, 4.2% Asian,
49.2% Hispanic or Latino, and 0.1% Pacific Islander. Of these population, Mexican heritages
accounts for 43.4%. Political speaking, Kern county has a strong Republican in Presedential and
Congressional election. Kern county is split between California's 21st Congressional district
represented by David Valadao, and 23rd Republican Congressional district by Kevin McCarthy.
Unfortunately, Kern County also holds as a place where many people suffers from air pollution
secondary to oil fields and agricultural chemicals. ... Show more content on Helpwriting.net ...
Why is it a phenomenological community? I belong to a Filipino community where there are mixed
feelings about religious beliefs. I grew up in a family that believes in Catholic religion but, when I
got married, I became a Christian. Catholic, Christian, Jehovah's witness, Baptist, and many more
are some of the religious practices. I think that in my community, everyone believes in celebrating
special holidays and traditions such as Mexican Independence day and Philippines Independence
day. 3.What would some challenges and benefits be for community health nurses in providing care
for different communities? For similar communities? For the same community? What are some
possible solutions to the

The Issue Of Human Smuggling
61. Given the recent international attention to the refugee and migrant crisis, the issue of human
smuggling from the coast of Libya has also come to the fore. Libya serves as a nexus point for the
Central Mediterranean Route, the name given to the migratory flow from North Africa to Malta and
Italy through the Mediterranean Sea. The various routes from Western Africa and the Horn in Africa
converge on the Libyan coast before the perilous Mediterranean Sea crossing.
62. According to Frontex, "[i]n 2014, detections in the Central Mediterranean area reached a
staggering level. More than 170 000 migrants arrived in Italy alone, representing the largest influx
into one country in European Union history. Many migrants departed from Libya, where the lack of
rule of law and basic law enforcement allow smuggling networks to thrive. Syrians and Eritreans
were the top two nationalities, but numerous Africans coming from Sub–Saharan regions also use
this route." Between January and August 2015, the number of illegal border crossings using the
Central Mediterranean route already exceeded 106,000.
63. Despite comparatively very high costs for migrants and refugees, amounting to up to US$
20.000 for a journey, this sum is rarely paid in full to one centralised smuggling network. Due to the
decentralised nature of the smuggling networks, migrants and refugees typically do not pay for their
journey in one lump sum but instead are forced to "pay–as–you–go", paying different smugglers

How Theu.s Dollar Became The World's Most Dominant Reserve...
The objective of this paper is to give a clearer picture to how the U.S dollar became the world 's
most dominant reserve currency . Several countries use it as their official currency, and many others
use it as the de facto currency . Moreover, American dollar is the primary reserve currency, which is
used as the standard unit in international market for commodities such as gold and petroleum.
However, the dollar has been declining over the last three decades; in fact it has lost almost half its
value against other major currencies. The purpose of this research is to bring clarity for the
following questions: How, when and why the dollar became the world's reserve currency? Benefits
of having the largest world reserve currency? Comparing the dollar with the pound and the up and
rising Chinese Renminbi (RMB), and predictions for the future.
Keywords: Currency fluctuation; Reserve Currency; International Market; Global Reach
I. Introduction
We use the term "reserve currency" when we mean other countries ' use of dollars in international
trade. If Sweden, for example, buys goods from China, the goods can be paid with American dollars
instead of Swedish Krona. The methodological approach to address how, when and why the dollar
became the world's reserve currency will be supported by a historical and statistical analysis. With a
better understanding on how the U.S dollar become the most powerful currency we can advance to
understand the cost and benefits of it.

Factors That Make The Crude Oil Prices Essay
Introduction Currently the global crude oil price was upside down, the factor that make the fall price
have been be to cases to the world. Which is it is always become the global problem. The paper is
organized as follows. The second one explain about the organization and the war, how can they
change the price when no one cannot know the price will up or not. The third one presents how the
condition of the crude oil make the price change, like the supply demand of the oil. The fourth
section discuss the external and internal that make the price change, like the goverment policies and
the tax or the producer. The fifth one will concudes. The purpose of this paper is to know the factor
that make the crude oil price change, because for the last five years, the crude oil price was on the
downhill. There were 'What effect oil price?' (Editorial dept)(2009) explain that the many factor to
expain, but '5 Factors that affect crude oil price' (DriingFormua.com)(2013) solely has one factor
that describe into five to make the price change. Various research still said that the factor is about
the same, but we know that have been various of things that can make the crude oi price change and
the crude oil can change the economy impact or the other things like gas price. Also there is many
other reason why the some producers keep the price down, and with that seems like one of the other
factor. In this study we may know the crude oil price was have been discussed by the country that

Federal Fund Rate Analysis
The federal fund rate is the essential tool that the Federal Open Market Committee uses to impact
interest rates and the economy. Changes in the federal assets rate have broad impacts by affecting
the acquiring expense of banks in the overnight loaning business sector, and in this way the profits
offered on bank deposit items, for example, declarations of deposit, investment accounts and
currency business sector accounts. Changes in the federal assets rate and the markdown rate
additionally manage changes in The Wall Street Journal prime rate, which is of interest to
borrowers. The prime rate is the basic record for most Visas, home value advances and credit
extensions, automobile advances, and individual advances. Numerous little business ... Show more
Rather, income are come back to our individuals as lower loan rates, higher interest on stores, lower
charges, upgraded administration, and financial strength. Dissimilar to banks, credit unions are
represented by a volunteer board of directors, chose by the credit union's membership. Genesis
board individuals serve intentionally with no compensation for their administration. Credit unions
are tax–exempt because they are non–profit making, democratic, monetary cooperatives, claimed by
their individuals. Their board of governors serve as unpaid volunteers, chose by individuals. They
have constraints on who they can serve and confinements on items and administrations additionally
have a social mission to give administration to individuals of unassuming means as a major aspect
of their part.
4
Beth Federal credit union has no an account yield while the Teacher Federal Credit Union has an
account yield of 0.05. Minimum fee to open for BFCU is 0.0$ while that of TFCU is 0.0$. The same
applies to the monthly service fee for the two credit unions that they have same figure. For nun–
sufficient fund fee, BFCU has a figure of 30$ the as that of TFCU. The range of rates on personal
car loans (new and used) and on a 30 yr mortgage is 2.5%.

The Trump Economic Pl Trade, Regulatory And Energy Policy...
I will be reviewing Donald Trump economic report, "Scoring the Trump Economic Plan: Trade,
Regulatory and Energy Policy Impacts," was written by Peter Navarro and Wilbur Ross. In addition
to Jared Bernstein, "Dethrone 'King Dollar,'" The New York Times, August 27, 2014. Neil Irwin,
"The Trade Deficit Isn't a Scorecard, and Cutting It Won't Make America Great Again," The New
York Times, 3/27/2016 and Kenneth Rogoff, "Anti–Trade Rhetoric is a Recipe for Disaster," The
Boston Globe, 4/11/2016. Mr. Navarro is an economics professor at the University of California,
Irvine. Mr. Ross is an investor whom Mr. Trump has chosen to be secretary of commerce. The
report is about the trade deficit. Navarro and Ross claim that if better policies eliminated this "trade
deficit drag," GDP would be higher and more people would be employed. As well as the NY Times
article that dissects Trump's report, "Want to Rev Up the Economy? Don 't worry About the Trade
Deficit" was written by N. Gregory Mankiw in the Economic View section. Through these articles,
If the net capital outflow is positive, that is, domestic saving exceeds domestic investment, then it
suggests that a part of domestic savings is going abroad and the economy is lending to foreigners.
Similarly, if the net capital outflow is negative, that is, domestic saving falls short domestic
investment, then it suggests that a part of domestic investment is financed from abroad and the
economy is borrowing from foreigners. Net capital

Mw Petroleum Corporation
For the exclusive use of T. GU
Harvard Business School
9 – 2 9 5 –029
Rev. November 21, 1994
MW Petroleum Corporation (A)
In late 1990, executives, engineers, and financial advisors working for Amoco Corporation and
Apache Corporation began serious discussions about the sale to Apache of MW Petroleum
Corporation, a wholly–owned subsidiary of Amoco Production Company. Amoco had transferred to
MW certain of its own assets that it regarded as non–strategic. MW 's size, location, and operations
were all very attractive to Apache, which had grown nearly 30% per year since the mid–1980s,
largely through acquisitions. The transaction being discussed with Amoco would be Apache 's
largest to date. It would more than double the size ... Show more content on Helpwriting.net ...
Since 1983,
Amoco itself had sold more than $750 million worth of small properties which, it felt, could be
more economically operated by smaller, low–overhead independent companies.
In 1988, Amoco conducted an extensive review of its cost structure and profitability. The study
concluded that direct operating costs were well–controlled and offered little opportunity for major
savings. However, it also showed that in the United States 85% of the company 's gross margin was
provided by just 11% of its 1150 producing fields and that many of the remaining fields had
disproportionately high overhead and repair expenses. Based on these and other findings,
Amoco initiated a major restructuring to better focus on its most attractive properties and
opportunities. The first step was the sale, in 1989, of more than 400 fields in the "tail" of the margin
curve, comprising approximately one third of the field portfolio and 12% of leases. These properties
were among Amoco 's least profitable, contributing only 3% of the company 's direct margin. Next,
in January 1990, as part of the overall restructuring of Amoco Production Company,
Amoco 's board of directors approved a plan to divest up to $1.2 billion worth of additional
properties from the middle section of the margin curve. Morgan Stanley was engaged to advise and
assist in this process, which began

Advantages And Disadvantages Of The Global Financial Crisis
The global financial crisis has found problems of the world economy and identified disadvantages in
the current monetary system. Status of the US dollar as key currency has been challenged and
nowadays there is a discussion of how new system should be looked like. Economists, policymakers
and non–governmental organizations have made new suggestions. The paper provides an overview
of some proposals that were offered.
Key words: international monetary system, reserve currency, special drawing rights, gold, global
financial crisis
Introduction
The crisis calls for reform of the existing international monetary system towards an international
reserve currency with a stable value, rule–based issuance and manageable supply. The main
objective of the reform is to ensure global economic and financial stability.
After the crisis of 2008, there is renewed discussion of the need to reform the global financial and
monetary architecture. ... Show more content on Helpwriting.net ...
SDR should be used as reserve basis for monetary system and IMF can issue SDR for financing its
credit lines.
IMF should implement new advanced mechanisms for macroeconomic policy coordination.
System of reference rates could be used among different countries.
It is necessary to establish appropriate regulation of international capital flows.
During crises adequate financing of balance of payments is essential.
International debt management mechanisms should be developed to solve problem of over–
indebtedness.
The new international monetary system does not require new foundations. The reform should be
built on improvement of existing mechanisms and should include global monetary policy co–
operation.
After the recent crisis many scientists propose various projects of reforming the world monetary
system and the most prospective of them are:
introduction of regional currencies;
creation a unified global reserve

The Crisis Of The Global Oil Crisis
The global oil prices have fallen sharply since the second half of 2014, which has led to a series of
economic problems. Oil prices have been stable from 2010 until mid–2014, remaining at around
$110 a barrel (BBC News). However, prices showed a sharp decline since June 2014 and have been
more than halved now (BBC News). Brent Crude oil is priced below $50 a barrel and US crude is
dipped down to below $48 a barrel now (BBC News). Oil prices shock is making the whole oil
industry straggling. In particular, oil producing and exporting nations including Russia, OPEC
(especially Venezuela and Saudi Arabia), and United States are the major victims in the oil prices
shock. They are suffering from a fallback in their economy development due to the significant
revenue shortfalls. Russia is suffering from a significant economy recession (BBC News). Brad
Plumer points out that economy in Russia is "facing a potential meltdown"; Venezuela is "facing
unrest" and "may default on its debt"; and Saudi Arabia will face heavy pressure if the price remains
low even it has prepared for the shock (par. 7). Nonetheless, low oil prices are welcomed by oil
importers like Europe, Asian countries, especially China, Japan, and India because they can pay less
for oil. Europe's flagging economies are characterized by low inflation and slow growth, receiving
0.1% increase in economic output when a 10% fall happened to oil prices (BBC News). China, the
largest net importer of oil is surely benefiting

The Global Clothing And Textiles Industry
Introduction:
1.1 Background: Oil is identified as main input to clothing and textiles industry. In 2010 the global
clothing and textiles industry consumes 20% of global oil output [1]. There are about 1.15 trillion
barrels of oil has been verified. But based on current consumption rate, oil reserves on earth is only
enough to satisfy the world oil consumption need for about 42 years. However oil plays an
important role in clothing and textiles industry. The oil refining product synthetic fibre is a primary
element in cloths. Chemic fibre used in clothing and textiles is also all refined from oil. When
earth's oil resources becomes unavailable, chemical and synthetic fibre production will have a
significant influence, then clothing and textiles industry will affect either.
In recent 10 years, the world's oil consumption keeps rising. Based on BP world's oil consumption
statistics in 2012, the world 's major economies oil consumption keeps rising. The annual total oil
consumption is 2.767 *〖10〗^(10 )bbl which is slightly below the annual oil production 2.868 *
〖10〗^10 bbl. There is 3.4% increasing compare with 2011 worldwide oil consumption. But is still
1.6% higher than the average annual growth rate in recent 10 years [2]. Clothing and textiles
industry consumes 20% of global oil output [3]. These 20% is varied by different countries. For
example Asia–pacific region which gathers world's major clothing and textiles industry, there is a
significant 5.7%

Mw Petroleum-Case Solution 2 Essay
MW corp
By michael_manly | Studymode.com
Draft
MW Petroleum Corporation (A)
Background:
In late 1990, the group of Amoco Corporation and Apache Corporation had begun talking regarding
the possible acquisition of MW Petroleum from Amoco to Apache. MW Petroleum Corporation is a
wholly owned subsidiary of Amoco Corporation which has its own reserves, management team and
with full ownership in geologic and engineering data. MW Petroleum, a free–standing exploration
company that was even as large as some of independent oil companies. It operated exploration and
development for well, approximately working interests in 9,500 wells in 300 production areas. The
growth of MW was very attractive to the other investors, which company grows 30% ... Show more
Last January 2012, a subsidiary of Apache Energy Limited acquire 49% interest in Burrup Holdings
Limited. They also acquired Wxxon Mobil Corporation's Monil North Sea Limited assets including
the Beryl field and related properties. 2
MW Petroleum Corporation before the Acquisition
MW is a wholly–owned subsidiary of Amoco, which they have separate own reserves, management
team and with full ownership and wide–ranging geologic and engineerinf data. It operated
exploration and development for well, approximately working interests in 9,500 wells in 300
production areas. The company composed of three reserves which are the proved, probable and
possible reserves. Each reserve contributes different revenue to the company. An independent
petroleum engineering consultants estimates 264 million barrels on an oil equivalent basis. It
estimates that the Proves reserves can produce 180.8 MMBOE, Probable reserves can produce 25.8
MMBO and Possible Reserve estimates of 57.1 MMBOE. MW Petroleum Corporation after the
Acquisition
The acquisition of Apache Corporation to MW Petroleum Corporation was one of the biggest
highlights in Apache history. The deal close with the amount of $545 Million it triggers to double
the size of Apache. It brought relative balance to Apache's oil and gas reserves which strategize to
partial hedge the oil price volatility. It shifted the center of Apache's geographical mass to the

Individual Global Crises Are the Result of a Failing...
Introduction: When we solve problems we are taught to breakdown our issues into smaller
components and analyze each piece separately in order to find a solution. This is a good method for
problem solving, however, we must take into consideration that many problems are complex and
their components intricately connected. It is essential that we put these pieces back together and
analyze the problem as a whole to make sure we are not missing any critical information. In this
paper I am going to explore many issues of global crises. I will argue that global crises such as
environmental degradation, the diminishing of fossil fuels, food shortages, economic instability, and
international terrorism are all the result of a failed global system. ... Show more content on
Helpwriting.net ...
Human–caused global environmental changes are the result of a rapidly growing population and our
high dependencies on non–renewable resources such as fossil fuels (Vitousek, 1994). We are part of
a consumerist society which keeps us plugged into this dependency on cheap fossil fuels (Ahmed,
2012). Our intensive industrial and agricultural activities cause us to exploit the Earth's resources,
and we cannot continue on this path. Ahmed (2012) explains that this does not mean the end of the
world, but it does mean that this is the end of a particular form of industrial civilization which is
based upon the idea of unlimited growth.
Diminishing Fossil Fuels: Ahmed (2012) argues that we have reached peak oil, and states that even
BP's data shows we reached a peak in 2004 followed by a few years of plateau and we are now in
the beginning of a descent. Shafiee and Topal (2009) created a model for estimating the depletion of
fossil fuels. With their model they have calculated that oil, coal, and gas reserves will be exhausted
in approximately 35, 107 and 37 years, respectively. We are already beginning to suffer the
economic consequences of the world's declining fossil fuel reserves, with a significant increase in
gas prices since the 80's (Tepperman and Curtis,

Crisis In Venezuela Research Paper
Crisis In Venezuela
In Venezuela, when your government–mandated day of the week arrives to buy food, you already
have a plan of action. For William, a 44–year–old farmer, this starts the night before at sunset. Every
Tuesday, William and a friend team up and join dozens of others at the end of a queue outside the
grocery store. The team takes turns staying up throughout the night while the other one sleeps. They
do this for safety and too look out for line cutters. Like thousands of others in Venezuela, this is the
only way to get a good spot in line for the next morning. They need the best chance to obtain basic
foodstuffs like cooking oil and rice when the store opens in the morning. As the sun rises they
continue to stand in line under ... Show more content on Helpwriting.net ...
There are mass shortages. There is simply just not enough food to go around. Imports have fallen
two–thirds since 2012. Venezuela's economy dipped 8 percent in 2016 and is expect to dip even
more this year. Since the price controls are so tight, even private companies cannot import raw
materials. Coca–Cola halted production in 2015 due to a sugar shortage. The government continues
to blame the economic disaster on an economic war started by foreign powers that are against the
Venezuelan government. Maduro claims the business elite supported by countries like the United
States and Spain have cut back production on foodstuffs to create a shortage, hoping to detonate a
social crisis that would help dethrone him. The citizens are looking for their own solutions. They
have no choice but to buy food on the black market. Prices on the black market are many times that
of the government–established price. The government is on a crack down on these black market
food distributors who obtain food illegally and resell it at a steep price. One of the country's most
costly price controls is that on gasoline. You are able to fill up a full take for a few cents. On the
black market you could flip gasoline and make more money over the boarder. This is so profitable
that even engineers, doctors, and lawyers have given up their day job to participate. You will even
find children smuggling gasoline in coke bottle across the border into Colombia. The

History Of Woodford Reserve

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