Texaco Jelly Bean Fiasco

Topics: Inflation, Population growth, Energy development Pages: 2 (495 words) Published: September 21, 2013
Macroeconomic factors of the greatest significance to the integrate petroleum industry are GNP trends, interest rates, inflation rates, and energy availability and cost. In a technological context, the most significant factor for the industry is the attainment of productivity improvements through automation. Environmental protection laws and tax laws are the political-legal factors of greatest significance for the industry. The sociocultural factors of the greatest significance to the industry are life-style changes and population growth rates.

Within the context of Porter's five-forces analysis, competitive forces within the industry are of the greatest importance. Over the coming five-to-10 years, one should not anticipate any major changes in industry structure. Industry structure may be expected to change when alternative energy products become viable substitutes for the products of the integrated petroleum industry. Viable substitute products in the form of alternative energy sources should not be anticipated prior to 2010.

One year after the Spindletop Hill field gusher came in 1901, the Texas Fuel Company was formed (Moskowitz, Katz, and Lever

Macroeconomic factors of the greatest significance to the integrate petroleum industry are GNP trends, interest rates, inflation rates, and energy availability and cost. In a technological context, the most significant factor for the industry is the attainment of productivity improvements through automation. Environmental protection laws and tax laws are the political-legal factors of greatest significance for the industry. The sociocultural factors of the greatest significance to the industry are life-style changes and population growth rates.

Within the context of Porter's five-forces analysis, competitive forces within the industry are of the greatest importance. Over the coming five-to-10 years, one should not anticipate any major changes in industry structure. Industry structure may be...
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