Oil Industry in Saudi Arabia

Introduction
The oil market is normally oligopoly since the industry normally has a few firms although the large proportion of the output in the industry shared among a few firms. Oil is one of the commodities heavily traded in the entire world. The oil demand, on the other hand, normally prices inelastic as a result of the versatility in its uses. The fluctuations in the oil prices play a significant role in the impacts for the oil exporters/producers as well as the fact that most of the nations around the world are dependent on oil being their chief energy source.

Body

Saudi Arabia is among the most rapidly growing nations in the greater Middle East regions. The development of the country’s oil sector is the main attribute that has been making it possible for the major improvement of the county’s position in the context of the international community. The evident increase energy needs in the world have contributed to the rapid development of the nations that have major oil productions, with Saudi Arabia the main country. The economy of Saudi Arabia is heavily dependent upon their oil industries. The ministry of petroleum, as well as mineral resources, offers the estimation that more than 90% of the expert in the country are normally from the proceeds of the oil export (Fattouh 2013). The export of oils into the world markets contributes more than 40% of the country’s GDP. Additionally the common assertion is that Saudi Arabia is world’s second largest producer of crude oil as well as an exporter.

For decades, the Saudi Arabian economic development has been dependent on their strong success in the oil industry. The country is world’s largest producer as well as exporter of the petroleum products and at the same time is a second largest producer of crude oil after Russia. Their economy is also dependent on the oil as well as the oil related industries encompassing the refinery of petroleum as well as petrochemicals. At the same time, Saudi Arabia is the biggest consumer of energy in the Middle East countries mainly as a result of their growing population as well as the large-scale development projects they are undertaking (Aissaoui 2013). The large government subsidies on fuel as well as the historically high prices of oil are the main causes that have been stimulating domestic consumption.

Considering the country’s high levels of production, it accounts for approximately 13% of world’s oil output and consequently almost 35% of the overall OPEC annual oil productions. The country has become a major determinant of the world oil demand as well as supply implying that the country’s oil production policies cold have a far-reaching effect on international oil prices (Naimi, 2012). From the 1970s, Saudi Arabia has been using their dominance to influence the prices of oil and consequently further their objectives in the sustenance of the long-term oil consumption. Additionally they have been using their dominance to promote their economic stability in the context of the industrialized world.

Reserves
Research indicates that Saudi Arabia possesses approximately 266 billion of oil reserves that have already proven which accounts for 16% of all the proved oil reserves in the world. Even though the country has approximately 100 main oil as well as gas fields, over 8 of their fields are normally located in the country’s northeast portion (Fattouh and van der Linde 2011). The giant Ghawar oil field is the world’s biggest field in the context of production as well as overall remaining reserves.

Production
The country produced an average of 11.8 million bbl/d of the overall oil liquids in the year 2013. The total production of the petroleum products, however, declined by 0.14 million bbl/d from the year 2012 which was their first decline since the year 2009 (Fattouh and van der Linde 2011). Additionally the country declined it oil production in the year 2013 with the objective of accommodating the non-OPEC production development from the country as Canada as well as the US.

Processing
Saudi Aramco is the firm that operates the world’s biggest oil processing facility in addition to a crude oil stabilization plant. It additionally possesses a crude oil processing capacity of over 7 million bbl/d. The efforts by Saudi Arabia to maintain their leading position in the international oil market has been the foundation of their economic policies from the beginning of the 1990s. Although the country has been making attempts aimed at diversifying their economy, the development of a self-propagating mo oil sector has been a very difficult task for the Saudi planners (Naimi, 2012). The government none the less has been able to offer above-average living standards for its citizens as well as the development of a world-class infrastructure basis as well as the social services. However, the sustenance of these living standards, however, is greatly dependent chiefly on the spending of the government which relies on the revenues from its oil industries. In this case, it is not possible for the Saudi Arabian government to neglect their oil industry as it has proven to be their chief economic engine.

The development of the oil industry is additionally a significant attribute in the promotion of the domestic political stability. In the early production days, it was evident that there was going to be the reduction in the Russia as well as from the other OPEC countries. Consequently, the country realized an opportunity to develop their disproportionate share of the net increment in the crude oil demand over the following years. With the objective of realizing their endeavor, the country focused on expanding their oil industry and consequently augments their production capacities. Also, the country embarked on the plans for upgrading their refineries with the objective of meeting the contemporary environmental standards in the west as well as their growing domestic demand.

The oil production in Saudi Arabia negatively correlated with those of other OPEC producing nations and consequently has been highly volatile although the country has not experienced any political shocks. Saudi Arabia sets its oil output in the anticipation that there is going to be the reaction of the fringe as well as maximize their profits relying on the residual demand (Naimi, 2012). The additional evident that is available from the various literature is that Saudi does not vary the output of their oil industries about the demand changes in the international markets. Instead of Saudi acting as the dominant oil producer, the country adopts a tit for tat strategy in punishing their members who produce beyond their quotas while at the same time rewarding those who normally comply.

Legal and Ethical Issues on Assisted Suicide

Committing suicide do happen in different scenarios whereby one can voluntarily decide to take a way life without the knowledge of the relatives. On the other hand, some seek advice and support on how to take away their life. This controversial has got the attention of law such that some states have established rules and regulations to govern the action of assisted suicide. In basic legal regulations, it is necessary to understand the role played by involved party played in committing the suicide. It has been taken as illegal in a handful of states for physician-assisted suicide whereby over 30 states have taken the step of enacting the statutes of prohibiting assisted suicide. They have well arguably prohibited assisted suicide through the common law.

According to the U.S. Supreme Court, there is no an actual constitutional right to die. This saw the court leaving for individual state to enact its legislation of permitting or prohibiting physician assisted suicide. The fact is that a person will be guilty of taking part in a suicide attempt when the individual knowingly causes or helps the person to attempt the suicide. However, through the Death with Dignity Act, ill adults have the option of seeking for lethal doses from osteopathic physicians for them to have a peaceful ending of life.

Besides the assisted suicide having some support and eligibility from some states, there are some legal issues that arise over the practice. The fact is that the roles played by legislators, judges and administrative officials in influence the patient care do vary. The legal issue that will raise the eyebrows is that if assisted suicide is made legal, then the follow up experience will be the ending of lives without the consent of the people through the human negligence and abuse of the law. Legalization of the assisted suicide will have the high number in compromising of the family as well as the intergenerational commitments. The legal issue that will follow out is the controversial about the delivery of human equality and dignity before the state law (Cassel, 7). It, therefore, comes with some concerns with the consideration of assisted suicide as legal.

The assisted suicide comes with ethical concern such that the doctors are defined with eh role of doing no harm. How ideal is it for the doctor to facilitate the ending of life. However, the law sees differently such that old aged human have right to die with dignity and peaceful and this can get done with the assistance of doctors. It sounds moral, right and caring for a compassionate medical practitioner to provide patient with necessary prescription that will enable the patient to die with dignity. This is not such controversial to the principle that is paramount that states that doctors have the duty of relieving suffering. It actually depends with the state law since participation in suicide is taken as murder unless the ending of life is done professionally as defined by the common law. Otherwise, prosecution should take its direction.

Assisted suicide may come up on a genuine basis although at times remain to have some hidden meaning. The issue of assisted suicide should be taken within the given range and it should get considered only acceptable within a given scope of execution. It is ethical to observe the rights of the human and the respecting of other opinions that seems to reduce suffering to their lives. Thus, assisted suicide should only be legal under special circumstances.

Online Buying and Traditional Buying

Currently, technology has continued to develop dramatically. It has therefore made lives more convenient. One convenience is the online shopping which remains renowned as a business strategy on The Internet. While there are differences in several ways, the two methods have many similarities. This paper will compare as well as contrast aspects between online buying and traditional buying. With the increasing popularity of the Internet and the increasing options to online shoppers, more people continue to turn to cyberspace for shopping needs. As a response, retailers continue to enhance online stores, giving customers similar comprehensive experience available at a mall.

Like traditional shopping, online buying gives a great variety of stores. Nearly any store typically found in malls correspond online store with similar items. From departmental stores to specialty ones, many retailers find through Internet search. In both options shopping experience provides a large item selection to choose from. If one is looking for dresses, a simple search end up yielding hundreds of dresses with various styles, sizes, shapes as well as colors. Similar to visiting a specialized department in the store, the criteria for search can become narrowed to present the particular results like cocktail dresses or sundresses. Many retailers give similar deals in store as well as on their website. Like in the mall, online stores always have seasonal as well as end-of-season items, in many case having extra incentives like free shipping for online buyers. The retailer’s site end up reflecting seasonal promotions present in-store and enable buyers to redeem coupons as well as gift cards. Sales and promotions will typically start and end on the same dates both in-store and online.

The other similarity is that both the two shopping options have an interactive experience. Through the enhanced features on many retailer websites, buyers manage to see how an item look like in other color, in different sizes, or send links to friends for feedback. The Victoria’s online store Secret, for example, allows buyers to click on the color swatches to alter the color of items then click through alternate brands to know the exact fit as well as shape. Similar to purchases at the mall, items purchased from online shops also get returned to retailers for a refund as well as an exchange with conditions varying depending on retailer’s policy. Like in mall stores, most online stores allow buyers to return items for a total full refund while others only allow for exchanges. As one would expect, returns as well as exchanges of some personal items like undergarments as well as toiletries get not accepted at malls or online.

The two business methods pose some distinctive features. A basic difference is time operation. For instance, customers may buy and view things every time they feel like because online shops operate on a 24-hour basis as well as seven days a week. Contrary, stores, supermarkets, markets, as well as plazas, begin in limit time like 8 am to 9 pm. Hence, online buying remain more useful as compared to traditional shopping particularly those without time or those always working with a computer like office workers. The Second difference is the mode of the exhibition (Odyssey & the Standard’ 2000). Traditional shopping has direct alternative to a product through touch as well as handling to ascertain their quality as well as their material. On the contrary, online shops only display items on the Internet for customers to image the producers through their mind pictures, information in every produce. Hence, face many difficulties in making choices. As a consequence, traditional buyers remain more attracted as compared to the online customer.

The third difference is the communication. In specific, online buyers have no capacity to negotiate directly with the sellers since they face a screen while traditional buyers have a face to face interaction and can bargain with respective sellers. Therefore, communication in online buying remains more interesting as compared to traditional shopping. Fourthly, the investment also contrasts between the online and the traditional buyers. For example, online business have no huge budget of leasing space, rent employee as well as décor store while traditional shops need more money. Additionally, online business managers to save money in the investment and they manage to expand and produce over the globe in short time, making online buying easy. Lastly, one of the advantages of online buying is convenience. Particularly, online buyer access products not only from within the nation but also from other countries. Hence, buyers get items by their computer irrespective of their area of stay.

To conclude, while there are differences between the two shopping methods, there are many similarities. Many factors propel people to choose the type of shopping suits their demands. Hence, both methods have advantages and disadvantages, and while making chooses between them, it remains critical to consider the situation. Irrespective of the method both the two enables buyers to get what they want and satisfy their consumer needs. Hence, if opportunity dictates, they can shop online, and the same should apply in traditional shopping.