The Future of Oil Article Analysis

The Future of vegetable cover Article AnalysisAnalyzing the Logic of an Article assimilator NameJennifer R. ThomasArticle Number and NameArticle 26Its Still the One by Daniel YerginWork Cite Jackson, Robert M. Global issues 13/14 (1st ed.).Date2-23-2017BACKGROUNDWhat qualifications does the get on withnt render for writing an article on this subject? (This may also apply to quotes within the article.)Daniel Yergin received a Pulitzer prize for The Prize The Epic Quest for Oil, Money, and Power, published in an updated edition this year. He is chairman of IHS Cambridge Energy Research Associates. (p.113, Jackson) Yergin is the puter of Cambridge Energy Research Associates, (CERA), a phallus of the National Pet enjoymentum Council and a Global Energy Expert. Hes a graduate of Yale University with a BA and Cambridge University with a PH. D and has two honorary degrees, one from The University of Houston and the different from the University of Missouri.http//www.cnbc.com/danie l-yergin/Chair of a task force for the U.S. Department of Energy, (p. 111, Jackson)When and where was the article first published? Does this affect its credibility?The article was published by the Foreign policy in September/October 2009, pages 90, 92-95. Foreign Policy is a very reputable resource and Daniel Yergin has a very extensive background and knowledge about the Oil industry, however, the article is non a recent as most valuables resources are or that I would like to base my conclusions off of. I would have to advance that the development provided by Daniel Yergin is credible but would like to see updated information to verify/confirm this article.ARTICLE ANALYSIS AND EVALUATIONDescribe the main purpose, what conclusions the germ drew, and what assumptions the author made in this article.The purpose of the article is to give a perspective of the future of Oil globally and the impact Oil ordain motorcarry on regions globally. Volatility impacts many people, not just those in the vegetable oil market and worldwide. The article explains how the oil industry has changed oer the years due to much(prenominal) things as technology, climate change, how it is used and how much is used.What is the authors point of view for this article? (What other points of view are there?Cushing Oklahomas oil allows them to play a role in the price of oil. Oil trading is a financial asset but unstable. Oil prices over the years have fluctuated from a high sawhorse to a very low dollar per barrel rate, with prices varying from $147.27, $59.87, $32.40 and as low as $10.00/barrel. Big oil industries have grown and control over eighty percent of the oil industry, while the smaller ones have disappeared. Oil get sold and traded to be turned into gasoline jet fuel, diesel, home heat up oil and more. The beg for oil has changed, how we use it, how much we use and technology can change the energy portfolio as well. The oil industry has changed in that if offers bonus fi nances, endowments, and hedge funder and includes money managers to assist with the finances attached to the oil industry. Oil use will increase as energy demands increase in the up and coming years. The increase in oil demand has impacted the pricing of oil. The increasing demand has also caused tension between countries such as chinaware and the U.S. and Britain and Germany due to scarcity. China has secured future oil by giving loans to those countries that are oil producers. The conflict between China and the U.S. is not just about oil but includes coal to where they both are the largest consumers of coal and the largest resources of coal as well. Climate change also impacts the future of oil which gives an additional reason to depend on down the demands for oil. Technology needs to be used to find an alternative for oil use. Ideas of alternatives are electric cars, advanced biofuels, solar systems, virgin building designs, great investment in wind, integrating electric cars with the electricity industry, and a revolution in the internal combustion engine. (p. 112, Jackson) The Government has taken an increasing interest, giving incentives and subsidies that will drive technical change. Decrease demands and becoming more energy efficient has been a focus of the United States and has been doing well. Resources do however show that there is abundant oil to keep up with the demands for years to come but restricted access, tax systems, civil conflict, geopolitics, rising costs for exploration and production and uncertainties about demand could interfere with oils reaching consumers. The final conclusion is that the oil market is not constant and that many things change the supply and demand of oil and the price of oil, the oil industry is unstable.List new terms introduced and define them. You may also include any important information that was presented in this paper.Volatility- Liability to change speedily and unpredictably, especially for the worse. w ww.dictionary.comSomnolent- sleepy, drowsy, tired, lethargic, sluggish. www.dictionary.comWTL-West Texas Intermediate (p. 110, Jackson)Hedgers- A person who builds or repairs hedges (any barrier or boundary, a row of bushes or small trees planted close together, especially when forming a fence or boundary www.dictionary.comSpeculators- the financial players. (p. 110, Jackson)Supermajors- a term applied to the six largest Oil companies in the world. www.oilprices.orgPaper Barrels- an oil cargo that is sold and traded on the open market, but not actually shipped. www.wisegeek.comMuskier-as an odor www.dictionary.comWherewithal- that with which to do something means or supplies for the purpose or need, especially money. www.dictionary.comWere any propaganda techniques used in an start out to influence readers? Explain. (See explanations at the end of this document.)I found this article to have very little if any propaganda. The article was based on statistics and was pretty yield of fact. One attention grabber for me were the highlighted statistics throughout the article, such as the bold and underlining of the cost of oil per barrel on page 111 and the on page 112 on the emergence of barrels the world demand rose. These would be a form of bandwagon propaganda. Page 110 also described the Oklahoma sun as hot, sweet naked as a jaybird oil, could be described as a form of propaganda. Other propaganda was the use of big name oil companies that people are familiar such as Exxon Mobile and Chevron and other not so big but still familiar like Amoco and ARCO.CRITICAL THINKING ARTICLE-SPECIFIC QUESTIONS* Refer to the weekly booklet for the questions you are required to answer. The questions are located in the Critical Thinking section at the end of each article.Question Answer1The age of oil is changing because the giving medication is giving subsidies and incentives that will drive technology change and help decrease the demands for oil. Climate change also impac ts the change in the new era. In addition to climate change and technology, there are now more players in the oil industry like financial managers, investors, hedgers funds and more.2The demand for oil is changing in that the demands are decreasing, take the example of the United States who are twice as energy efficient as they were in the 70s, electric cars are gaining more attention, advancement if biofuel, solar systems that are now being given attention as well as the wind. The government is giving more attention to energy efficient ways to improve the economy and reduce the demand for oil.3The U.S. and China relationship is one that not only deals with competing over oil but they also compete over coal as well. They are the largest resource of both. They have the same interest new technology solutions for the emissions released when coal is burned.4Article 3 is complemented by Yergins article, article 26 because both are making the point that the challenge of reducing phthisis of fuel/oil is a difficult challenge and will involve many competitors, better technology and the involvement of the government.ADDITIONAL NOTES OR OBSERVATIONSThis article was kindle because I did not realize how much the United States and China were in competition over oil and coal. I am old enough to think about some of the fluctuation in the changing of gas prices. I also find the information of this article very useful because of recent debate that a group of co-workers and I were having over climate change, energy efficient cars and biofuels. A team member was looking at purchasing an energy efficient car, which we found the team was divided as to for or against the talk of climate change and its existence.PROPAGANDA TECHNIQUESBad (or Sad) name calling The use of words, phrases, or expressions with negative connotations.Examples slob, prude, moron, embarrassingGlad Names The use of words or phrases with positive, pleasant connotations.Examples warm, lovely, delicious, lemo ny fragranceTestimonials The recommendation or endorsement by prominent and/or influential people.Example sea captain baseball star Derek Jeters advertisements for a credit cardTransfer The use of names, phrases, or symbols to influence acceptance.Example Using a movie stars photograph on the cover of a magazine to get people to buy itJust Plain Folks The use of dress, behavior, or other devices in an attempt to list a product or person with ordinary people.Example Photographs of the President of the United States eating spaghetti or chopping woodCard Stacking The presentation of only that information or those arguments most favorable to a particular point of view.Example Making a list of all the advantages of buying a new car without making a similar list of all of the disadvantagesBandwagon The use of the fear of being different to influence behavior.Example Twenty million people trim for their health. Shouldnt you?A 10-STEP PROCESS FOR ANALYZING AN ARGUMENT by Brian W. Ca rverAfter you have read the passage carefully, distinguishing between purported facts and opinions, answer the following questions thoroughly.What is the authors conclusion?What premises does the author provide to support this conclusion?What assumptions (unstated premises) are required for the authors argument to be validated?Do the premises be uncontroversially true? If not, explain.Do the assumptions seem uncontroversially true? If not, explain.Are all terms in the argument adequately defined? If not, explain.Are there other facts, not discussed, that would be stabilising to know in evaluating the argument? If so, explain.Does the author appeal to emotion or use words designed to influence our response? (e.g., discounts, hedges, assurances, repetition, etc.) If so, explain.Is your well-crafted version of the argument valid? That is, suppose the premises and assumptions are true, regardless of their actual truth or falsity. Ask yourself, given their truth, does the conclusion h ave to follow? (If so the argument is valid, if not, it is invalid.) If a clear valid/invalid answer is difficult, explain why.In your opinion, is your well-crafted version of the argument sound? That is, does it both have a valid form and have all true premises and assumptions? (If so, it is sound, if not, it is unsound.) Explain your answer.Retrieved from https//www.ocf.berkeley.edu/brianwc/courses/thinking/2002fall/analyze.html