Energy Economic Study Questions 2 Research Paper

Energy Economic Study Questions 2 - Research Paper Example If there is excess demand and low supply prices increase. ‘Cheating’ by OPEC members refers to a situation where members do not comply with quotas set by OPEC. It involves member countries producing more than the quantity required by OPEC. Some members such as Nigeria produce more than the set quantity because of their economic status. Cheating by member countries affects the supply of oil hence affecting prices set by OPEC. World oil situation refers to the current quantity of oil available and the prevailing prices. Improved world oil situation refers to a situation where oil producing countries produce oil in sufficient quantities to meet demand. The availability of oil and in standard prices is considered the normal situation. OPEC have the power to influence the world oil situation by producing more or little oil. Energy efficiency has contributed to improved world oil situation by reducing over reliance on oil e.g. use of electric trains. This causes people to slowly shift from the use of no renewable oil to use of electricity hence reducing the strain on oil resources. New technologies for finding and extraction of oil have contributed to increased oil situation. This has made it easier to discover more oil wells. More oil wells will lead to increased supply hence improving the world oil situation. Also, better understanding of the local geology is a contributing factor. Jaccard uses economic concepts such as consumer response to prices, greater use of coal and near perfect substitution in his argument that depletion of conventional oil resources is unlikely to be cataclysmic. When price of a good increase, there is slow response initially, and this keeps the price constant for a while. This slow response is equivalent to fall in demand for the product. This is because people look for other alternatives. In the case of oil, money might flow from gas and oil to other alternatives. Jaccard believes that with oil, coal is an alternative.

Strategic Information Systems ICT Essay Example | Topics and Well Written Essays - 2500 words

Strategic Information Systems ICT - Essay Example In this scenario we are aimed at analyzing the basic issues regarding corporate information and data dealing. This kind of issues can emerge while transferring and dispatching and data and information. In addition, these issues can harm the corporate credibility and performance. In this scenario, the basic intention is to assess all the possible impacts that data security issues can place on the corporate market standing and customer relationship management. This research will compare and contracts the possible influences that a data or information breach can place on business. Here we will try to involve all possible stakeholders who can play role in the whole situation. However, major stakeholders that are involved in this scenario include business staff, outsider business rivals and hackers. These all categories will be inspected to assess their possible interest in business working and operational performance. I will make use of the drill down approach to assess and evaluate the overall working and performance related issues. These issues will be about the security and ethical aspects related. Part 2 Ethical Issues in ICT Assessing and determining the influence of a new technology, like that ICT could be extremely complicated task. In fact, ICT does not simply engage technological scenarios, however as well epistemology as the major part of ICT is information that demonstrates information, data and knowledge. In addition, ICT helps expand the capability of mankind to gather, process, store, recognize, utilize, develop, and distribute information at a speed as well as scale that had never been thought probable previously. Additionally, a number of influences as well as transformations of ICT are noticeable, however lots of are... This research aims to evaluate and present Ready Rural as a large size business corporation. Currently, the business deals with a lot of customers, supplier and involving stakeholders. There is a great chance of the security issues and privacy concerns such as loss of data and security at the corporate arrangement. In fact, the business data is transmitted and sent to a variety of people having major stack in business. In this scenario there is a chance of security breaches and privacy issues. Transactions are transferred and recorded in database of Ready Rural business at main data centers. The contents of e-communications and databases and other private information can be accessed by prohibited individuals and organizations if they are not strongly protected. The huge business setup of Ready Rural Business deals with a lot of business transactions every day. In this scenario there are greater chances of having some error during entry of data feeding level. In addition, the informat ion inserted into business databases is prone to device and human faults and error. Addition, the computer programs that execute different processes can hold thousands of issues and errors. As a result, these issues and errors are able to produce wrong as well as confusing information regarding organizations and individuals. Moreover, the information and programs errors might consequence in financial loss at Ready Rural Business, or even the loss of lives because Ready Rural Corporation has steel processing plant that has a really dangerous working environment.