A presentation I made on my general business class about oil prices and the monopolies behind it.

1. Global Oil Crisis
Anas Uddin, Sushil Mammen, Juan Sobero, Joseph Terzi

2. We are dependent on Oil…
The world's oil dependence, not just
our own, is the problem…

3. Importance and
Urgency of the
Global Issue

4. U.S. Middl
e East China
India
The US is being overly reliant increasing their need foreast for oil…
China and India are onOPEC… in the middle oil…
nations
We are dependant on…

5. Magnitude of the
Global Issue:
Countries Affected

6. OPEC (Organization of Petroleum Exporting Countries)

7. OPEC is starting to lose market share…
Map of the OPEC nations

8. Power
Players

9. Who are the Power
Players?
Saudi Arabia
Russia
China
U.S.

10. Current Actions and
Solutions

11. Glass
Buildings
Canadians and US team up to build solar plants in Ontario…plants
will be able to provide power to 6300 local homes…This is
equivalent to taking off 3700 cars off the road
-Fox Business
Fuel Efficient Cars
Recovery Act

12. Possible
Consequences from
the Current Policies
and Actions

13. These are great ideas… but we’re in debt… a lot of it…
=
$$$

14. Recommendations for What Should
be Done on the Issue

15. Questions

16. Sources
http://www.cato.org/pubs/regulation/regv27n1/v27n1-1.pdf
http://www.econlib.org/library/Enc/OPEC.html
http://www.cato.org/pubs/regulation/regv27n1/v27n1-1.pdf
http://www.econlib.org/library/Enc/OPEC.html
http://www.eia.doe.gov/pub/oil_gas/petroleum/analysis_publications/oil_market_basics/demand_text.htm