Oka Quality Thread Ni Lepela Chesaru Ga...

[samantha.]

[quote name='vuvuzela' timestamp='1341557338' post='1302087652']

ee smiley lo finger change chesi choopinchatame.......
[/quote]
lol..wat a creative thought

[pavan_613]

[quote name='samantha.' timestamp='1341557268' post='1302087644']
petrol value ela decide chestharu?
[/quote]



Politics
Politics impacts just about everything in our lives, including the price of oil. Major oil-producing countries such as Saudi Arabia, Venezuela and Russia all have reduced their production of oil to drive up the price. Often, politics drives these decisions more than economics.

Supply and Demand
As with nearly every product, suppliers base the price on the amount available (supply) and how much people want it (demand). The higher the supply, the lower the price. The higher demand, the higher the price.

World Crisis
Events such as war or natural disaster can have a major impact on the price of crude oil. The war in Iraq resulted in dramatically reduced production from a major suppler of oil. This brought lower supplies and higher prices. Hurricane Katrina damaged several major refineries in Texas and Louisiana and they were off-line for several months. This meant less oil refined into gasoline and other petroleum products. As a result, there was a glut on the market so oil prices fell. Unfortunately, it also decreased the supply of gasoline, so the price of gas at the pump increased though the price of the raw material dropped.

Speculators
Speculators have been under fire in the last couple of years, accused of being one of the causes of the 2008 recession. Speculators bet on whether a market will go up or down. This market can be anything from company stocks to real estate, to government bonds, to grain prices, to oil. If they bet on oil going up in price, they will want to purchase supplies at a lower price and sell at a higher price. This reduces the amount of oil available and pushes up the price.

Seasons
There is more oil used in the winter than during spring due to the fact oil is a primary source of heating for many people around the globe. The colder the temperatures, the higher the need for heating, and the greater use of oil.

Production Quotas
The Organization of Petroleum Exporting Countries (OPEC) is a cartel made up of 12 countries in the Middle East that produce about 1/3 of the world's oil supply. Representatives from these countries meet regularly to decide how much oil they will pump out of the ground daily. This influences how much crude oil is available for purchase on the open market. The less they produce, the higher the price will be.



Read more: How Is the Price of Crude Oil Determined? | eHow.com http://www.ehow.com/about_6164373_price-crude-oil-determined_.html#ixzz1zp4qquvD

[pavan_613]

[quote name='samantha.' timestamp='1341557391' post='1302087659']
lol..wat a creative thought
[/quote]

antha creativity undhantava

[vuvuzela]

[quote name='CITI' timestamp='1341557493' post='1302087669']
Politics
Politics impacts just about everything in our lives, including the price of oil. Major oil-producing countries such as Saudi Arabia, Venezuela and Russia all have reduced their production of oil to drive up the price. Often, politics drives these decisions more than economics.

Supply and Demand
As with nearly every product, suppliers base the price on the amount available (supply) and how much people want it (demand). The higher the supply, the lower the price. The higher demand, the higher the price.

World Crisis
Events such as war or natural disaster can have a major impact on the price of crude oil. The war in Iraq resulted in dramatically reduced production from a major suppler of oil. This brought lower supplies and higher prices. Hurricane Katrina damaged several major refineries in Texas and Louisiana and they were off-line for several months. This meant less oil refined into gasoline and other petroleum products. As a result, there was a glut on the market so oil prices fell. Unfortunately, it also decreased the supply of gasoline, so the price of gas at the pump increased though the price of the raw material dropped.

Speculators
Speculators have been under fire in the last couple of years, accused of being one of the causes of the 2008 recession. Speculators bet on whether a market will go up or down. This market can be anything from company stocks to real estate, to government bonds, to grain prices, to oil. If they bet on oil going up in price, they will want to purchase supplies at a lower price and sell at a higher price. This reduces the amount of oil available and pushes up the price.

Seasons
There is more oil used in the winter than during spring due to the fact oil is a primary source of heating for many people around the globe. The colder the temperatures, the higher the need for heating, and the greater use of oil.

Production Quotas
The Organization of Petroleum Exporting Countries (OPEC) is a cartel made up of 12 countries in the Middle East that produce about 1/3 of the world's oil supply. Representatives from these countries meet regularly to decide how much oil they will pump out of the ground daily. This influences how much crude oil is available for purchase on the open market. The less they produce, the higher the price will be.



Read more: How Is the Price of Crude Oil Determined? | eHow.com [url="http://www.ehow.com/about_6164373_price-crude-oil-determined_.html#ixzz1zp4qquvD"]http://www.ehow.com/...l#ixzz1zp4qquvD[/url]
[/quote]

GP...

[chinni005]

[img]http://25.media.tumblr.com/tumblr_m64n5z2XM21qawpudo1_250.gif[/img]