Environmental regulation of oil and gas Essay

Demand and supplyIntroduction The globose anoint and gas industry face an External Environment that is more than dynamic, more challenging, and more diverse less understood and has greater instruction symmetry. These Environmental factors include political, Economic, Technological, Legal, Environmental and social factors. Political Environment This involves the assay that semipolitical decisions and events that occur worldwide can affect the profitability and sustainability of the investment funds in the global oil and gas industry. Political decisions are rattling diverse thus they influence the oil and gas industry. For example, if there is political unrest in the major Oil Producing and Exporting Countries (OPEC) there could be no smooth operations of the oil and gas industry, thus oil and gas companies tend to prefer countries with stable political systems and a accounting that can guarantee long-term Leases. Economic Environment The economic nurture directly influ ences the policymakers, citizens managers and institutions. The Gross national income (GNI) generated by both the domestic and multinational production activities of national companies and the Gross Domestic Product (GDP) of countries do in the main shape the global industry of oil and gas. The economical factors include pretension rate, Prevailing interest rates, unemployment level and the level of disposable income and income distribution. Technological purlieu These relate to the applications of new innovations such as Websites Internet as a business tool. Thus the oil and gas organizations need to be advised of the latest relevant technologies for them to succeed and surf the wave of change.Dubai as momentous producer of oil and gas Dubai is a major player in the world market and its role in international trade cannot be overemphasized since it contributes almost 10 percent in this trade. This country has repeatedly reign the international market arena due to the foll owing reasons, one it occupies a very strategic position in the middle of U.A.E coast and to boot it has one of the most efficient harbors in the world hence performing a crucial role in the transportation of goods between eastern and West markets. Also Dubai in the recent years has pursued to chant its strategic location by pursuing a free and equilibrize economic policy therefore gaining an international reputation which has not unless seen the increase of Foreign direct investments (FDI) and also growth of service, commercial and industrial fields. Dubai is also endowed with natural resources like oil, gas just to invoke a few and also it has one of the best infrastructure in the world and therefore this resource and proper systems has seen the economy of Dubai take complete in a way never witnessed before. The aim of this paper is to seek Dubai as a primary producer of oil and gas and its commit in the international trade of oil and gas arena.ReferencesASWATHAPPA, K. (201 0). International business. modernistic Delhi, Tata McGraw Hill Education.GAO, Z. (1998). Environmental regulation of oil and gas. London u.a., Kluwer Law Internat.LAX, H. L. (1983). Political risk in the international oil and gas industry. Boston, International human being Resources Development CorpMACDONALD, D. (2007). Business and environmental politics in Canada. Peterborough, Ont. u.a., Broadview Press.NEELANKAVIL, J. P., & RAI, A. (2009). fundamentals of international business. Armonk, N.Y., M.E. SharpeSource document