Saudi Oil and Global Economic

Saudi Arabia is one of the most developed countries in the Arab world, after United Arab Emirates. The stability of Saudi economy is solely dependent on its oil industry. This implies that most of her wealth has been earned from her trade in oil and other petroleum products. This paper will focus on how the production of oil can affect the world economy. This is because of all the volumes produced in the whole world; most of it comes from this Arabian country.Advertising We will write a custom essay sample on Saudi Oil and Global Economic specifically for you for only $16.05 $11/page Learn More Yizraeli argues that there are many countries that produce oil, including the US and other European countries, but the highest output is derived from Saudi Arabia (58). Before the oil crisis that happened back in 1973, the oil industry was dominated by western countries, but when the crisis ended, Saudi Arabia benefited the most because it has very large volumes o f oil in its fields. The impacts of oil production in Saudi Arabia can only be understood after one understands the importance of oil in the world. Oil is a form of energy that is used in most industries to power equipments such as in the agriculture and transport sectors. In fact, industrialization would not have been realized without oil because it was the most reliable source of energy back then. At the moment, the economy of Saudi Arabia relies on oil production, but a plan is in the pipeline to diversify this economy in such a way that other economic activities such as agriculture will also be incorporated in the economy. One is left to wonder if this initiative is necessary, considering that the volume of oil production of Saudi Arabia has been on the upward trend since 1997.With this notion in mind the world expects the economy to remain stable due to the increase in oil production (Cordesman 465). The above mentioned initiative has been induced by the changes in the oil mark et where the oil is at risk of being replaced by other sources of energy such as nuclear and green energy. The need of developing alternative source of energy has been prompted by international bodies that argue that oil has negative effects on the environment that could cause global warming due to the toxicity of carbon dioxide that is emitted during combustion of oil products (Yizraeli 59). In response to environmental concerns, the world is already resorting to use green energy because it does not have any harmful effects on the environment. Besides, green energy can never be exhausted compared to oil deposits. However, Mason asserts that the shift from the use of oil is a gradual one and if Saudi Arabia was to reduce its participation in the oil trade, there would be a very big gap in the global economy caused by her action. This is because it is estimated that 25% of oil reserves are in Saudi Arabia and this is a big margin that cannot be suppressed by the other major oil produ cing countries.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The exit of Saudi Arabia from the oil market would cause the global economy to decline. This is due to the fact that the supply of oil would be very little compared to the ever growing demand of energy. This happening would cause the price of oil to hike and only the countries that produce it in large volume would benefit. However, this scenario is far from being experienced because its speculated that Saudi’s dominance of the oil market will end in future. This is because new oil deposits have already been discovered in other countries such as Iraq and West African countries such as Democratic Republic of Congo and Nigeria (Yizraeli 59). If the production of oil was increased due to emergence of new oil producers, the price of oil in the world would come down. This argument can be best explained by analyzing the concept s of demand and supply, which are used to determine commodity prices. The increase in oil production would cause investments to increase and thus, the world economy would stabilize. In the last few decades, Saudi has continued to influence the world economy by commanding the prices at which oil will be traded. However, technological advancement has come to end this era of Saudi sovereignty in the oil market. This is because in the past there was no reliable technology that could be used to discover oil fields, but nowadays the same technology has been developed to suit our needs; that is why more oil fields are being discovered every other day. Furthermore, lack of technology hindered the exploration of oil fields, but technology has already mended that gap because it has made it possible to access areas that could not be exploited. Thus, there is reduction in the cost of extracting natural resources. Likewise, the western nations are the major consumers of oil and Saudi has aligned itself to become the permanent supplier of oil to these nations. But according to Cordesman, this current position is subject to time because as newer sources of oil continue to be discovered, the competition for customers will stiffen (465). It is certain that Saudi Arabia will loose its dominance in the oil market, but on the other hand, it will continue to be an influential element in the global economy. This is because the new oil fields will require a lot of time to establish themselves as reliable oil sources because most of these unexploited fields lie in war torn areas. The issue of insecurity will have to be solved before hand to create a favorable environment for the mining process to commence.Advertising We will write a custom essay sample on Saudi Oil and Global Economic specifically for you for only $16.05 $11/page Learn More There is a possibility that the US will not be allowed to venture into the oil trade in Iraq and Iran due to the fl aws that exist between the three parties. This implies that the other members of G8 countries will have to combine their efforts to extract oil from these two nations. In such a case Saudi Arabia oil will remain confined in the Asian continent. In conclusion, Saudi Arabia will have to review its oil prices for it to cope with the emerging trends. In fact, the hike in oil prices is what has induced most nations to go for alternative sources of energy. Most people think that the issue of pollution is the major contributor towards this move, but this is not true because most manufacturers have made sure that their products that are powered by petroleum products combust it to a magnitude that only small amounts of carbon are emitted. Works Cited Cordesman, Anthony. Saudi Arabia Enters Twenty First Century. Westport: CT: Greenwood Publishing, 2003. Print. Mason, Rowena. Saudi Arabia Worried High Prices Will Hit Global Economy. The Telegraph. 26 Apr. 2011. Web. https://www.telegraph.co.uk /finance/oilprices/8473411/Saudi-Arabia-worried-high-oil-prices-will-hit-global-economy.html Yizraeli, Sarah. â€Å"How Important is Saudi Oil?† The Middle East Quarterly 2.1 (2000): 57-64. Print. This essay on Saudi Oil and Global Economic was written and submitted by user Sp1der-Ham to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Definition and Examples of Clarity in Prose

Definition and Examples of Clarity in Prose Clarity is a characteristic of a speech or a prose composition that communicates effectively with its intended audience. Also called perspicuity. In general, the qualities of clearly written prose include a carefully defined purpose, logical organization, well-constructed sentences, and precise word choice. Verb: clarify. Contrast with gobbledygook. EtymologyFrom the Latin, clear. Examples and Observations When asked what qualities they value most in writing, people who must read a great deal professionally put clarity at the top of their list. If they have to invest too much effort in figuring out the writers meaning, they will give up in dismay or annoyance.(Maxine C. Hairston, Successful Writing. Norton, 1992)All men are really attracted by the beauty of plain speech [but they] write in a florid style in imitation of this.(Henry David Thoreau, quoted by J.M. Williams in Ten Lessons in Clarity and Grace, 1981)The main thing I try to do is write as clearly as I can. I rewrite a good deal to make it clear.(E.B. White, The New York Times. Aug. 3, 1942)It is bad manners to give [readers] needless trouble. Therefore clarity. . . . And how is clarity to be achieved? Mainly by taking trouble and by writing to serve people rather than to impress them.(F.L. Lucas, Style.  Cassell, 1955)For any kind of public speaking, as for any kind of literary communication,  clarity  is the  highes t beauty.(Hughes Oliphant Old, The Reading and Preaching of the Scriptures. Wm. B. Eerdmans, 2004) Clear BeginningsMeek or bold, a good beginning achieves clarity. A sensible line threads through the prose; things follow one another with literal logic or with the logic of feeling. Clarity isnt an exciting virtue, but its a virtue always, and especially at the beginning of a piece of prose. Some writers seem to resist clarity, even to write confusingly on purpose. Not many would admit to this.One who did was the wonderful-though-not-to-be-imitated Gertrude Stein: My writing is clear as mud, but mud settles and clear streams run on and disappear. Oddly, its one of the clearest sentences she ever wrote.For many other writers, clarity simply falls victim to a desire to achieve other things, to dazzle with style or to bombard with information. Its one thing for the reader to take pleasure in the writers achievements, another when the writers own pleasure is apparent. Skill, talent, inventiveness, all can become overbearing and intrusive. The image that calls attention to itself is ofte n the image you can do without.(Tracy Kidder and Richard Todd, The Best Beginning: Clarity. The Wall Street Journal, January 11, 2013) The Challenge of Writing ClearlyIts good to write clearly, and anyone can. . . .Of course, writing fails for reasons more serious than unclear sentences. We bewilder our readers when we cant organize complex ideas coherently, and we cannot hope for their assent when we ignore their reasonable questions and objections. But once weve formulated our claims, organized their supporting reasons logically, and grounded those reasons on sound evidence, we still have to express it all in clear and coherent language, a difficult task for most writers, and a daunting one for many.It is a problem that has afflicted generations of writers who, instead of communicating their ideas in clear and direct language, hide them not only from their readers, but sometimes even from themselves. When we read that kind of writing in government regulations, we call it bureaucratese . . .. Written deliberately or carelessly, it is a language of exclusion that a diverse and democratic society cannot tolerate.(Jos eph M. Williams, Style: The Basics of Clarity and Grace. Addison Wesley Longman, 2003) Lanham on ClarityThere are so many ways of being clear! So many different audiences to be clear to! When I tell you to Be clear! I am simply telling you to Succeed, Get the message across. Again, good advice but not much real help. I have not solved your problem, Ive simply restated it. Clarity, in such a formulation, refers not to words on a page but to responses, yours or your readers. And the writer has to write words on a page, not ideas in a mind. . . .The successful communication that clarity points to is finally our success in getting someone else to share our view of the world, a view we have composed by perceiving it. And if this is true of perception it must hold true for prose too. To write is to compose a world as well as view one.(Richard Lanham, Analyzing Prose. Continuum, 2003)​