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, […]
Tag Archives: 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 […]
Why Microsoft Windows is Popular for Gaming
There used to be two types of gamers: console gamers and PC gamers. The growing sophistication of smartphones has led to the emergence of mobile […]
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 […]
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 […]
Threat of Substitutes: Impact of Substitute Products
The threat of substitutes is one of the five forces identified by Michael E. Porter and used to evaluate the competitive environment of a particular […]
Factors Affecting Demand
Demand is a central concept in economics and the more specific subfield of macroeconomics. It signifies the desire and willingness of the consumer to own […]