Environmental Factors
Environmental Factors
Rod Mathill
MKT 421
January 14, 2013
Ron Rosalik
Environmental Factors One can make little argument that the current economic state of the world is largely dependant upon the whole rather than the one. The old days of a country being able to completely sustain itself are coming to a rapid conclusion. Information technology and global shipping and receiving abilities have really created a global link from one country to the next. The United States was at one time one of the world’s most productive producers. We sold products to nearly every part of globe. Fast forward to today and we see that the United States is the world’s leading consumer. Purchasing became cheaper that producing and the trend held, now production is at an all time low leading to some of the most crucial economic concerns in our history. Global dependence while necessary to some degree is crippling without proper balance. A successful economy can’t thrive solely as a consumer. The money to purchase will only last so long. Economic independence of any kind requires production. The world has to need your products as much as you need theirs in order for global economics to pay off in a balanced fashion. This is the big issue facing leadership today. The oil and gas industry has long been an area where dependence on foreign oil has been the subject of debate. In the beginning it might have been a good idea to buy foreign oil in an effort to preserve our own. Of course it is hard to avoid the inevitable. Purchasing oil from other countries leaves you vulnerable to the prices they wish to set. This is especially difficult for areas that don’t have their own oil resources. Groups like OPEC (Organization of the Petroleum Exporting Countries) are in control when purchasing is the only option. OPEC 's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient,
Rod Mathill
MKT 421
January 14, 2013
Ron Rosalik
Environmental Factors One can make little argument that the current economic state of the world is largely dependant upon the whole rather than the one. The old days of a country being able to completely sustain itself are coming to a rapid conclusion. Information technology and global shipping and receiving abilities have really created a global link from one country to the next. The United States was at one time one of the world’s most productive producers. We sold products to nearly every part of globe. Fast forward to today and we see that the United States is the world’s leading consumer. Purchasing became cheaper that producing and the trend held, now production is at an all time low leading to some of the most crucial economic concerns in our history. Global dependence while necessary to some degree is crippling without proper balance. A successful economy can’t thrive solely as a consumer. The money to purchase will only last so long. Economic independence of any kind requires production. The world has to need your products as much as you need theirs in order for global economics to pay off in a balanced fashion. This is the big issue facing leadership today. The oil and gas industry has long been an area where dependence on foreign oil has been the subject of debate. In the beginning it might have been a good idea to buy foreign oil in an effort to preserve our own. Of course it is hard to avoid the inevitable. Purchasing oil from other countries leaves you vulnerable to the prices they wish to set. This is especially difficult for areas that don’t have their own oil resources. Groups like OPEC (Organization of the Petroleum Exporting Countries) are in control when purchasing is the only option. OPEC 's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient,
References: Organization of the Petroleum Exporting Countries. (2013). OPEC Mission. Retrieved from http://www.opec.org/opec_web/en/about_us/23.htm World-Check. (2013). All you need to know about money laundering and criminal use of the financial system. Retrieved from http://fcpa.us