Oil and gas are economically important finite natural resources that require strong collaborative efforts between the rights owners and developers for their efficient exploration, extraction, […]
Category Archives: Business and Markets
Types of Oil and Gas Exploration Methods
Exploration is a critical upstream activity in the oil and gas industry. Exploring deposits of oil and gas or resources and reserves remains an important […]
Oil and Gas: Upstream, Midstream, and Downstream
The oil and gas industry is divided into three components or sectors: the upstream, midstream, and downstream. Note that these three sectors also correspond to […]
Oil and Gas: Difference Between Resources and Reserves
The words “resources” and “reserves” are thrown out a lot whenever there are discussions about economic activities or other pertinent information involving the oil and […]
Inequality in Capitalism According to Karl Marx
Why is there inequality in capitalism? Renowned philosopher and economist Karl Marx wrote extensively about his condescension toward capitalism. One of his strong arguments against […]
Four Types of Alienation According to Karl Marx
In his “Economic and Philosophic Manuscripts of 1844” first released in 1932 by researchers from the Soviet Union, German philosopher and economist Karl Marx presented […]
Transformational Leadership: Advantages and Disadvantages
Transformational leadership is both a theory and a style of leadership in which a leader employs more specific approaches or mechanisms to build and maintain […]
Transactional Leadership: Advantages and Disadvantages
Transactional leadership is both a theory and a style of leadership that focuses on the supervision and organization of individuals and tasks, as well as […]
Examples of Supply Shifters
A supply curve is a graphical representation of the relationship between the price of a product and the quantity of such product that a producer […]
The Advantages and Disadvantages of Porter’s Five Forces
The Five Forces Framework is an analytical model developed and advocated in 1980 by Harvard professor Michael Porter. It can be used for analyzing the […]