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International oil markets and global oil crises

International oil markets and global oil crises
The world will become more dependent on Arabian oil in the next two decades according to the Department of Energy's Energy Information Administration (EIA).  To meet global demand for oil, Saudi Arabia will need to produce 13.6 million barrels a day (mbd) by 2010 and 19.5 mbd by 2020. Both the International Energy Agency and EIA assume Saudi oil output will double over the next 15 to 20 years.
On the contrary some economists refuse these facts and believe this is not going to happen. For them Saudi’s oil fields are fading and it will not be able to fulfill the demands for oil in coming years which will create difficulties in international oil markets and in turn will lead to global oil crises.

King of Muslim world and largest oil producing country

King of Muslim world and largest oil producing country 
In Saudi Arabia oil was discovered in 1930’s which changed the shape of the country through increasing economic growth. Due to this oil wealth Saudi Arabia is the largest oil exporter. Oil contributes 90% of country exports and 70% government revenues. Almost 95% of oil is produced by Saudi government by the company ARAMCO. In 1993 Saudi ARAMCO became the largest oil producing company of the world by absorbing SAMAREC, another lower state oil providing company.
In 1974 fast rise in oil revenues made Saudi Arabia one of the fastest growing economies of world which in turns gives huge trade to country with the whole world. In 1981 Saudi oil production which was increased to 10 million barrels per day (b/d) dropped down to 2 million b/d in 1985. This was the result of excessive oil supply in the world due to emergence of several oil fields around the world.

Most developed and financially strong countries of the world

Most developed and financially strong countries of the world
Saudi Arabia contains one of the largest oil reservoirs in the world. It is a most important oil producing country. Its role in international oil markets cannot be challenged. It almost controls international demand and supply for oil. In this way its effects international prices for oil too. Oil industry has made it one of the most developed and financially strong countries of the world. But in the employment sector the oil industry does not add much to the development of the state because it is largely dependent on capital and requires minimum manual labor.

Impact on global trade patterns and world oil reserve

Impact on global trade patterns and world oil reserve 
In 1976, Latin America, Western Europe, and Asia combined produced a mere 16 percent of global oil; in 1996, they produced 33 percent of world oil. Conversely, as noted above, the same twenty-year period saw the Persian Gulf production decline from 37 percent to 27 percent in 1996.10 The new crude sources also has a major impact on global trade patterns; Europe and North America increasingly relied on the North Sea and the Americas while Asian countries increase their dependency on the Gulf's oil.

Discovery of Saudi Arabia oil and rich oil reserves

Discovery of Saudi Arabia oil and rich oil reserves
The discovery of Saudi Arabia oil did not happen until 1938 in an area known as Dammam, but that area is not Dahahran. There are many events that had to occur before oil could be discovered in that area of the world, including establishing the Kingdom of Saudi Arabia in the first place.
Riyadh was taken from the tribe of Rashid in January 1902 by ‘Abd-al’-Aziz ibn ‘Abd al-Rahman Al Sa’ud. His tribe settled there from 1902 to 1913 when he decided to lead his forces against the Ottoman Turks and capture al-Hasa. It was another nine years before he decided to expand his empire again. He captured Nejd in 1923, Hijaz in 1925 and the Kingdom of Saudi Arabia was established in 1932. This allowed ‘Abd-al’-Aziz ibn ‘Abd al-Rahman Al Sa’ud to be proclaimed king and the rich oil reserves within the country now belonged to his dynasty.

Saudi competitive advantage and world oil market

Saudi competitive advantage and world oil market
The Saudi share of the world oil market is under challenge from several sources, and especially from the Latin American and West African producers, from the untapped oil fields in Iraq, and from the reservoir of the Caspian Sea. While none of these new oil-producing areas alone can match Saudi reserves and production, together they will undoubtedly erode Saudi competitive advantage during the next decade. Longer term, they – and especially Iraq – might emerge as competing hubs to Saudi Arabia.

Oil-producing countries and moderate pricing policy

Oil-producing countries and moderate pricing policy
Twice, in 1979-81 and in 1985-86, Saudi Arabia was the oil-producing country that pursued an active, even aggressive, policy designed to shape the global oil market. In the first round, oil prices went up three-fold, though not further, thanks to Saudi efforts. In the second instance, to recapture lost market share, Riyadh instigated a price war that resulted in a severe drop in prices. Saudi Arabia could fill this role because of its unrivaled position in the world oil market, one that resulted from a combination of factors: huge production capabilities, a moderate pricing policy, the size of its reserves, and its relations with the West.

World's most important oil producer, Saudi Arabia

World's most important oil producer, Saudi Arabia 
Saudi Arabia is the world's most important oil producer. It is the world's top oil exporter. It accounted for nearly 13 percent of the world’s output in 1990’s.The oil was first discovered by Anglo-Persian Oil Company in the mountains of north-western Persia in 1908. In 1943, the name of the company in control in Saudi Arabia was changed to Arabian American Oil Company (ARAMCO). Saudi Arabia has the largest oil reserves in the world. Oil actually accounts for 90 percent of the country’s export rate. Saudi Arabia contains around 100 major gas and oil fields. Currently, their production is estimated to be 12.5 million bbl/d. Saudi Arabia’s current estimated oil reserves would last for 90 years at the current rate of production. In addition, 85% of Saudi oil fields found have not produced oil yet.

Opening up wider opportunities for women in Middle East

Opening up wider opportunities for women in Middle East
The results of other studies of Mayling Oey-Gardiner showed that there is a higher consistency between age and levels education for women compared with men. Implicitly means that women are more successful in school than men. The success of women in school can mean opening up wider opportunities for women to choose the type of work they have appropriate expertise. Division of labor by sex has been going on for thousands of years, so people already think of it as something natural. There are two major theories about the division of labor based on gender, namely:

Participations of women’s education in middle east

Participations of women’s education in middle east
In order to meet all the social requirements for a better society education for women has become an inevitable measure to be taken. A recent study had shown that women leaders are more targets oriented and are more concerned about the quality than the men leaders. This conception is also seen among the social workers for all the reasons to save the environment and extirpate the social hindrances. With all these axiomatic results every country today predicts it’s future depending on the growth in the graph of provisions and participation for women’s education.

Psychological differences between men and women

Psychological differences between men and women
Nurture theory, assume that the psychological differences between men and women are created through a process of learning from the environment, so it is not inborn. The conclusion after reading the article above, the education for women is essential to prepare women in this era of globalization and modernization. With education obtained, women can open up wider opportunities for himself, his family, and nation.

Adult breastfeeding relationship and women

Adult breastfeeding relationship and women

Breast Feeding Adult Men in Islam and women

Breast Feeding Adult Men in Islam and women

Pros and Cons to Adult Breastfeeding in Saudi Arabia

Pros and Cons to Adult Breastfeeding in Saudi Arabia

Middle East's most luxurious hotels and girls

Middle East's most luxurious hotels and girls
The UAE is home to Middle East's most luxurious hotels. Luxury hotels have a huge selection of cafes, bars and restaurants. Virtually all Dubai luxury Dubai hotels offer spa treatments with complementary steam rooms, saunas, outdoor and indoor pools, fitness centers, tennis and squash courts. In most cases, they border calm neighborhoods and yet close to the Dubai city centre, beaches as well as popular tourist attractions.

The UAE is home to Middle East's most luxurious hotels. Luxury hotels have a huge selection of cafes, bars and restaurants. Virtually all Dubai luxury Dubai hotels offer spa treatments with complementary steam rooms, saunas, outdoor and indoor pools, fitness centers, tennis and squash courts. In most cases, they border calm neighborhoods and yet close to the Dubai city centre, beaches as well as popular tourist attractions.

Adult breast feeding fatwa with proof from Egypt

Adult breast feeding fatwa with proof from Egypt

Fatwa encouraging adult breastfeeding in Muslim communities

Fatwa encouraging adult breastfeeding in Muslim communities

Arab Countries spending less on online shopping


Arab Countries spending less on online shopping
Thanks to the constantly climbing number of sites with spectacular selections of all sorts, we can now get what we want, whenever we want it, all from the comfort of our own homes and often at an even bigger discount or better deal than at the store. In fact, many companies have gotten so competitive that it is not at all uncommon to frequently find free shipping on almost any item, from earrings to engines. Speaking of engines, you will also be spending less on gas when you order online which will mean truly green savings in regards to money as well as the environment.

Business traveller flying to Dubai for Free


Business traveller flying to Dubai for Free 
Dubai perfectly mix business and leisure travellers and that makes this city unique and more fun to visit. It is not surprising to meet a business traveller flying to Dubai to attend trade shows and then extends it by signing up with a desert safari tours. In Dubai, you can play and work hard. In terms of facilities, this city never goes short. From transportation to hotel accommodations, Dubai only offers world-class service. From 3-star hotels to beyond -star hotels, Dubai has it with the Burj al Arab Hotel ( Tower of Arab) as a testament to this claim.

Westerners and non-Muslims.in Dubai


Westerners and non-Muslims.in  Dubai
Among other emirates in the Middle East, Dubai is one of the most visited especially by Westerners and non-Muslims. Dubai is more open to modern ways of life, thanks to the growing number of expatriates. Located in the northern region of UAE, Dubai earns its title as one of the most- visited cities in the world. With continuous number, the government aims to receive 15 million visitors by the year 2015.

Saudi Arabia’s Challenges for Women in Employment


Saudi Arabia’s Challenges for Women in Employment
Women’s road to a full participation in Saudi Arabia’s work force is becoming promising. The workforce in Saudi Arabia for Women is only made up of about 15%, at this time. The potential is great for their untapped potential in it’s labor force. The Legislative, occupational and educational constraints, in the Saudi Arabia labor market prevent women from fully participating. A dynamic market economy could happen, if they were to overcome these constraints. A major step in preparing Saudi Arabia women would be to introduce a national educational system. A supportive environment for these Women is necessary, in order to help them in the workforce.

Dubai possesses numerous ancient and modern cultural attractions

Dubai possesses numerous ancient and modern cultural attractions
Tourism is a significant source of foreign income for Dubai’s economy. While tourists are mainly drawn in for its shopping facilities, Dubai possesses numerous ancient and modern cultural attractions such as Heritage Village and Grand Mosque. A Visa is required for the majority of tourists coming to Dubai. Exceptions are provided for citizens from certain European countries (such as New Zealand, Australia, France, Greece, UK) and elsewhere who can acquire either a 90 or 30 day entry permit on arrival. Dubai Visa Rules changed. Visa’s can be acquired from a tourist company or hotel once the tourist has supplied a copy of their passport, their motive for visiting Dubai and booked a reservation for a single night or more.

Philippine Recipes and Philippine food


Philippine Recipes and Philippine food 
Recipes are passed on from one generation to the next. And each one is unique; each family adds something different to it. My Dad’s Pinoy spaghetti may have ground beef, and your Mom’s may have chopped hotdogs. My family may use tomato sauce for it, while yours uses tomato ketchup. You see? It’s unique to every family. And you’ll notice this once you’ve gone to a few houses during our town fiestas.

Cultural ritual for Filipinos and dinner table


Cultural ritual for Filipinos and dinner table
The fastest way to a man’s heart is through his stomach,” so an old adage says. And it is true, not only for the male gender, but also for an entire nation. Eating is by far the most revered cultural ritual for Filipinos. Many things happen on the dinner table: stories are told, dreams are shared, emotions are expressed, and bonds are strengthened.

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