Hi, I'm studying Macroeconomics.. I would like to ask
What industries are affected by fluctuations in oil prices other than automobiles manufacturer? How are they affected?
ALL are. Energy is a major cost component of everything produced. If you are asking which are MORE sensitive than others, you might include chemicals, transportation (especially air and sea) and electric utilities.
Dec. 28 (Bloomberg) -- Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.
Oil refiners fell as the price of crude declined for the first time in seven days.
Tesoro Corp. (TSO US) dropped 4.2 percent, the second- biggest decline on the Standard and Poor's 500 Index, to $23.07. Nabors Industries Ltd. (NBR US) fell 4.1 percent to $17.41. Weatherford International Ltd. (WFT US) retreated 3.9 percent to $13.83.
Gold producers declined as the precious metal dropped for a fifth straight session, the longest losing streak since October 2009, on prospects for slower demand in India and China, the world's biggest consumers of bullion.
Freeport-McMoRan Copper & Gold Inc. (FCX US) fell 4.1 percent to $36.31. Barrick Gold Corp. (ABX US) fell 2.8 percent to $44.24. Yamana Gold Inc. (AUY US) fell 3.8 percent to $14.22.
Financial storm, fluctuating oil prices, and a bleak world economy, the economic crisis resembles a snowball swirling around the world. The ...
Indian automobile industry on a stone path Indian economy is closely tied to the Indian automobile industry. This clearly shows that a car loan of Rs 3 lakh a higher EMI of RS 73 are for a term of 3 years, Rs 79 for 5 years and Rs 84 for 7 years. The Indian automotive industry has in the decade with an increasing number of launches and more numbers of global car manufacturers changed in the country. All went well until the high interest rates and rising fuel prices plagued the industry....
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Corn-based ethanol producers are cranking up as oil prices soar
Ethanol industry officials said E-15 pumps would be clearly marked, so consumers would not be misled. And they said political instability in the Middle East and rising oil prices are to blame for higher food prices. Far from taking corn out of the
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Why $5 a gallon for gas might be a good thing Oil prices have already climbed from less than $80 in July 2010 to more than $100. Benchmark Brent crude closed at $116 on March 2. For what it's worth, Libya's top oil official warned that prices could reach $130 in the next month. |
Saudi's Oil Blindspot Roils Markets
They include airlines, railroads, and automotive; steel producers and aluminum smelters; from construction industry and its vast supply chain; and manufacturers, to name a few. How it affects peoples' daily lives and roils the municipal bond markets,
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Gasoline prices rise; this time, industry is ready
Right now, that decision looks pretty good. The industry, as a whole, is on the right track. And the price of oil no longer is an inverse indicator of Detroit's future. by skimike4 March 3, 2011 6:43 AM PST I do like these stories.
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Porn Industry Hoping to do its Part in Combating Fuel Price Spikes Gas prices flirted with the $5.00 mark per gallon back that summer, resulting in problems with the automobile industry, interstate commerce, and countless other slices of daily life dependent on the use of oil-based products. Numerous industries have |