what is the effect of increase in oil prices on the demand?
97693
The cost of everything is high.
597456
Us business is greatly affected by international trade. A primary example of that is the rising price of Gasoline. We can call that affect "the ripple effect". Because the gasoline prices have gone up by over 100% in the last year, we have seen increased prices in all the services related or performed with the use of gasoline. Particularly airline fares. With the raise in gas prices, it cost more to have a ticket issued from Ny to La, and thus every business is feeling the impact of that international trade, because Oil comes from overseas.
1142097
There are a bunch of factors. Disruptions of oil in Nigeria, The iraq war, the Iran stand off with the world (In particular the US), increasing demand of oil in the world ( in particular China and India), and other minor factors. \nIts a simple economic thing, the more people demand, prices go up. As China and India start developing, they need more and more fuel to function, they demand more, in fact look at their population, china and india make 1/3 of the worlds population. This demand drives the price up. Iraq war, is anothe rmajor factor. Everytime, US and Iran have a heated battle of words, prices will go up, speculations make prices go up. Analysts predict prices will go up, hope this helpls
525316
The short term trend of the price of oil is dependent on speculators' expectations. They drive the short term price of oil. \n\nWhat are some events that might make the price go higher?\n\na fall in the price of the dollar. Oil is priced in dollars so a drop in the value of the dollar will mean a rise in the price of oil.\n\nglobal events that relate to the supply of oil. More instability in Nigeria will increase the price of oil. Election results in Mexico will effect the price of oil. Events in Venezuela will effect the price of oil. What GWB does or does not do will effect the price of oil. A successful terrorist attack on the Saudi refineries will drive the price of oil through the roof.
1148783
It is all about supply and demand. The demand is there and the supply gets cut back so the price increases.
1102690
Besides energy prices rising, their was an influx in our money supply through credit bureau's (most notably because of the housing boom), which in turn, raises prices throughout the economy.  \n\nTheir concerned because the GDP is not keeping up with inflation as it should.
426565
Oil prices will probably keep escalating, because everyone is using cars, and even though oil prices are becoming more and more, we keep using the same amount, if not more. Oil prices aren't going to be what matters for people to buy more efficient cars, it's going to be when the more efficient cars become more commonly used by the world's people.
79486
demand for resource depends on the price of that resource... either the actual selling price (if the price was too high, consumers would be reluctant to buying it) or the opportunity costs in obtaining the resource (the difficulty in obtaining the resource.. or what you must give up in order to get that resource)\n\nim currently taking a microeconomics class too.
1100937
Regulating prices will do one thing- run oil refiners out of the US. Guess what that will do, raise prices further.\n\nWhen people conserve demand goes down lowering the price. Remember Adam Smith? He didn't drive an SUV either....
1001044
With the ever increasing oil price in the world market, what not?
345940
Greed mostly.  The actual physical factors that drive it are production supplies and output demand but these could be leveled off and maintained for the most part so fluctuations come from CEOs of exxon and similar gas refinery companies or Leaders in OPEC messing with prices just to jack up the price to make more profits
839113
rate of change of demand or supply
449895
The simple economic principle of "Supply and Demand". This states that you charge more if it is a more wanted item. If there is a demand of it and a small supply then it is very valuable (like iPods and such) the people will charge you what ever they want because they know you need it. But if there is less demand and doesnt matter how much supply the producers will charge less as a means of selling their item (ie the sales been at store, nobody wants it so they sell it for cheap).\n\nRight now the war is slowing down how much oil can be exported which is making the supply drop. Not to mention that the oil compnies need to turn the crude oil into gasoline which cost money as well.
150009
If I understand your assignment correctly, our economy has been changed by terrorism due to 9-11 because of the shock to economies based on tourism (remember, people were afraid to travel); job losses, particularly in the service industry; and housing.  Because of the war against terrorism and the interference with oil production, costs have been driven up.  The higher oil price impacts everything because of freight costs: food trucked from warehouse to local grocer, manufacturing, housing materials.\n\nAlso, the higher price means we all pay more at the pump.  For those with low discretionary income ($ left after paying rent or mortgage and utilities, car payments or car lease payments) (aka fixed expenses), the higher gas price in effect drives down their wages because it is costing more to drive to work.  This extra expense means less money for other things, such as necessities as food, and less to spend on new clothes, CDs, and other manufactured goods, the sale of which brings up the US economy.
363841
China and India have drove the crude oil demand up.\nDemocraps and Environmental wackos have stymied oil exploration & refining.\nKatrina still has some of the gulf refineries not fully operational.\nEnviromental wackos have demanded numerous types of gasoline blends that add costs to the process.\nOPEC has not increased crude oil supply.\nThe federal and state gov'ts are getting 50 cents to 1 dollar tax on every gallon of gasoline.  \n\nAnd that's my 2 cents.
278954
"In today's complex global markets, the price of crude oil is set by movements on the three major international petroleum exchanges, all of which have their own Web sites featuring information about oil prices. They are the New York Mercantile Exchange (NYMEX, http://www.nymex.com), the International Petroleum Exchange in London (IPE, http://www.ipe.uk.com) and the Singapore International Monetary Exchange (SIMEX, http://www.simex.com.sg)."\n\n\n\nBasically the availability of oil as well as the cost of finding more are the main reasons for the pricing of crude oil. But there are a lot more factors that come into play when you start talking about gas prices which are connected directly to the cost of oil.\n\n\n\n"Global economic expansion is driving what the International Energy Agency says is the biggest increase in oil demand for 24 years.\n\nOil companies have tried to become more efficient in recent years and operate with lower stocks of crude oil. This means there is less of a cushion in the market against supply interruptions.\n\nThe combination of low stocks and Opec action to keep them low leaves the market exposed to the prospect of sudden price rises if supplies are threatened.\n\nThe world's major oil consumers remain dependent on the Middle East for their oil. Recent violence in Iraq and Saudi Arabia has again raised fears about an interruption to supplies.\n\nAnalysts also view political tension in non-Middle East states Nigeria and Venezuela as having the potential to disrupt exports and drive up world prices.\n\nLow US gasoline stocks and pressure on US refiners to increase production of new gasoline blends have also helped drive world crude oil prices."\n\n\nHope this is what you were looking for, please send me an email and I will elaborate more.
684021
If the oil proce goes up then the gold also will go up