The Economy of Oil Gas in UAE

UAE is one of the largest producers of oil and natural gas. According to Taib, in 2009, UAE was the 8th largest producer of oil in the world. In the same year, UAE had the 4th largest reserves of natural gas (Taib). Around forty years ago, UAE was among the poorest countries in the world.Advertising We will write a custom essay sample on The Economy of Oil Gas in UAE specifically for you for only $16.05 $11/page Learn More However, after the discovery of oil, UAE’s economy was transformed within a short period. At the moment, it is one of the richest countries in the world. According to the Complete Resident’s Guide, â€Å"UAE is the second richest Arab country, after Qatar, on a per capital basis† (4). The guide also reiterates that UAE has an annual GDP growth rate of around 10%. However, due to fluctuations in oil and gas prices and the realization that an economy based on oil and gas might not be sustainable, UAE has diversified its economy. Therefore, other economic sectors play a huge role in UAE’s economy at the moment. This essay provides an insight into the effects of oil and gas on UAE’s economy. UAE has large onshore and offshore reserves of oil and natural gas. According to Shihab, UAE growth has been dependent on oil and gas since its formation in early 1970s. In 2009, UAE boosted nearly 7.3 % of world’s total oil reserves and was ranked 8th in the production of crude oil (Taib). At the same time, it was estimated that UAE had 1.6% of the world’s proven natural gas reserves. For that reason, it is believed that oil and gas will continue to be the backbone of UAE’s economy for a long period of time. Most of the oil and natural gas reserves are in Dubai and Abu Dhabi (Shihab). These two emirates have, therefore, made UAE an important player in the world’s oil industry. . â€Å"Economic development can be perceived as change in the structure of an economyâ⠂¬  (Shihab 4). Likewise, oil and gas have greatly transformed the structure of UAE’s economy. Before 1970, UAE’s economy was slowly driven by agriculture. Moreover, in the late1950s and early 1960s, UAE was an underdeveloped country. â€Å"Its inhabitants were nomads, pearl divers and fishermen† (Shihab). Interestingly, the ruler’s fort was the only significant building in Abu Dhabi city. Moreover, roads and other basic infrastructures were missing. However, after 1970, oil and gas propelled the economy in a rate only seen in a few countries worldwide. Abu Dhabi is now a world class city and UAE income levels match those of developed countries. This transformation has been brought about by forty years of a flourishing oil industry. Furthermore, UAE skipped the hypothetic development stages that most countries go through before attaining the status of developed countries (Shihab).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It is believed UAE’s enormous oil and natural gas reserves enabled it skip these stages. Before the year 2000, UAE’s development strategy was inclined towards resource-based industries (Shihab). For instance, after the discovery of oil in Dubai, its infrastructure was developed solely from oil revenues. Therefore, UAE embraced an industrial strategy that strictly depended on the utilization of natural resources (Shihab). UAE utilizes the latest technology to increase efficiency and productivity in its oil and gas industry. According to Shihab, it has the capacity to produce two million barrels a day. This is the maximum production that can be sustained in one day. However, if the current rate of production is maintained, UAE’s oil reserves will only last for just over a hundred years (Shihab). Reliance on oil and gas has also impacted negatively on UAE’s economy and that of other countrie s in the Gulf region. A study by Arouri, Lahiani and Bellalah showed that stock markets within the Gulf region reacted strongly to fluctuating prices in the oil industry. This study also concluded that the economic slump witnessed in UAE between2008 and 2009 had a relationship with fluctuating oil prices. Nonetheless, oil is not the only source of revenue for UAE. In 2004, oil only accounted for thirty two percent of the total GDP (Complete Resident’s Guide 6). For that reason, other economic sectors such as trade, manufacturing, housing and tourism played an important role in UAE’s economy. In addition, some emirates, within the federation, are not content with their oil and gas success (Mandel). For instance, Abu Dhabi has embarked on a mission to diversify its economy. In doing so, Abu Dhabi hopes that oil proceeds will only account for less than half of its GDP after 2015 (Mandel). It can be concluded that oil and gas are important elements of the UAE’s econ omy. Huge reserves of oil and natural gas propelled UAE from a least developed country to a developed country in no time. However, some emirates, within UAE, such as Abu Dhabi have realized that an economy based on oil and gas is not sustainable. For instance, it is predicted that wells in UAE might dry up in a hundred years time (Shihab). For that reason, UAE economy is currently being diversified. Accordingly, other economic sectors such as housing, trade and tourism are being developed. Works Cited Arouri, Mohamed, Lahiani Amine and Bellalah Makram. â€Å"Oil Price Shocks and Stock Market Returns in Oil-Exporting Countries: The Case of GCC Countries.† International Journal of Economics and Finance 2.5 (2010). Print.Advertising We will write a custom essay sample on The Economy of Oil Gas in UAE specifically for you for only $16.05 $11/page Learn More Mandel, Jen. â€Å"Emirate Channeling Oil Wealth into Bid for Green Economy.† New York Times on the Web 19 April. 2010. Shihab, Mohamed n.d., Economic Development in the UAE. PDF file. Web. Taib, Mowafa 2009, The Mineral Industry of the United Arab Emirates. PDF file. Web. The Complete Resident’s Guide: Dubai. Dubai: Explorer Publishing Distribution LLC, 2006. Print. This essay on The Economy of Oil Gas in UAE was written and submitted by user RoxanneSimpson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

My Opinion essays

My Opinion essays In my opinion, I would in no way want to live in medieval, the time period in which Alyce lived in. Because finding a home and cures for diseases were very difficult. In addition, education was saved only for the rich. Many people were homeless because they could not get a job to make money to buy a house. The conditions of being homeless were horrible. There was no way to get any education because no one had any care enough for the home less to give them any free learning. If you were lucky, you were able to get a low paying job getting stale bread and old cheese as pay. Moreover, being poor caused all sorts of medical ales. The medical conditions were disgustingly bad. Doctors rarely helped those who lived in villages. They had no real medicines, but only natural remedies that they created. Idea that every substance in nature held some sort of power account for a large variety of substances. Natural functions, such a sneezing were thought to be the best way of maintaining health. When there was any build up of one humor, or body fluid, it could be removed through sweat, tears, feces or urine. When the natural systems broke down, illness occurred. Preformed at last resort, surgery was known to be successful in cases of breast cancer, fistula, hemorrhoids, gangrene, and cataracts, and scrofula. The most common form of surgery was bloodletting, which was to restore the balance of the humors. As well as the homeless and medical conditions, the levels of educational opportunities were scarce. There were very few teachers, and if you ever got the chance to have a teacher, the prices were over the top. The majority of the entire population had no learning of math or literature. Most did not even no the alphabet. As a matter of fact, only wealthy was appreciated enough for the opportunity to have an education. None of this would make me want to live in that time period any more than I do now. ...

Shimabara Rebellion in Japan

Shimabara Rebellion in Japan The Shimabara Rebellion was a peasant revolt against Matsukura Katsuie of the Shimabara Domain and Terasawa Katataka of the Karatsu Domain. Date Fought between December 17, 1637 and April 15, 1638, the Shimabara Rebellion lasted four months. Armies Commanders Shimabara Rebels Amakusa Shiro27,000-37,000 men Tokugawa Shogunate Itakura ShigemasaMatsudaira Nobutsuna125,000-200,000 men Shimabara Rebellion - Campaign Summary Originally the lands of the Christian Arima family, the Shimabara Peninsula was given to the Matsukura clan in 1614. As a result of their former lords religious affiliation, many of the inhabitants of the peninsula were Christian as well. The first of the new lords, Matsukura Shigemasa, sought advancement within the ranks of the Tokugawa Shogunate and aided in the construction of​ Edo Castle and a planned invasion of the Philippines. He also pursued a strict policy of persecution against local Christians. While Christians were persecuted in other areas of Japan, the degree of Matsukuras repression was considered particularly extreme by outsiders such as local Dutch traders. After taking over his new lands, Matsukura constructed a new castle at Shimabara and saw that the Arima clans old seat, Hara Castle, was dismantled. To finance these projects, Matsukura levied heavy taxes on his people. These policies were continued by his son, Matsukura Katsuie. A similar situation developed on the adjacent Amakusa Islands where the Konishi family had been displaced in favor of the Terasawas. In the fall of 1637, the discontented populace as well as local, masterless samurai began to meet in secret to plan an uprising. This broke out in Shimabara and the Amakusa Islands on December 17, following the assassination of the local daikan (tax official) Hayashi Hyà ´zaemon. In the revolts early days, the regions governor and more than thirty noblemen were killed. The ranks of the rebellion quickly swelled as all those living in Shimabara and Amakusa were forced to join the rebel armys ranks. The charismatic 14/16-year old Amakusa Shiro was selected to lead the rebellion. In an effort to snuff out the revolt, the governor of Nagasaki, Terazawa Katataka, dispatched a force of 3,000 samurai to Shimabara. This force was defeated by the rebels on December 27, 1637, with the governor losing all but 200 of his men. Taking the initiative, the rebels laid siege to the Terazawa clans castles at Tomioka and Hondo. These proved unsuccessful as they were forced to abandon both sieges in the face of advancing shogunate armies. Crossing the Ariake Sea to Shimabara, the rebel army laid siege to Shimabara Castle but were unable to take it. Withdrawing to the ruins of Hara Castle, they re-fortified the site using wood taken from their ships. Provisioning Hara with food and ammunition seized from Matsukuras storehouses at Shimabara, the 27,000-37,000 rebels prepared to receive the shogunate armies that were arriving in the area. Led by Itakura Shigemasa, shogunate forces laid siege to Hara Castle in January 1638. Surveying the situation, Itakura requested aid from the Dutch. In response, Nicolas Koekebakker, the head of the trading station at Hirado, sent gunpowder and cannon. Itakura next requested that Koekebakker send a ship to bombard the seaward side of Hara Castle. Arriving in de Ryp (20), Koekebakker and Itakura began an ineffective 15-day bombardment of the rebel position. After being taunted by the rebels, Itakura sent de Ryp back to Hirado. He was later killed in a failed attack on the castle and replaced by Matsudaira Nobutsuna. Seeking to regain the initiative, the rebels launched a major night raid on February 3, which killed 2,000 soldiers from Hizen. Despite this minor victory, the rebels situation worsened as provisions dwindled and more shogunate troops arrived. By April, the 27,000 remaining rebels were facing over 125,000 shogunate warriors. With little choice left, they attempted a break out on April 4, but were unable to get through Matsudairas lines. Prisoners taken during the battle revealed that the rebels food and ammunition were nearly exhausted. Moving forward, shogunate troops attacked on April 12, and succeeded in taking Haras outer defenses. Pushing on, they finally managed to take the castle and end the rebellion three days later. Shimabara Rebellion - Aftermath Having taken the castle, the shogunate troops executed all those rebels who were still alive. This coupled with those who committed suicide prior to the castles fall, meant that the entire 27,000-man garrison (men, women, children) died as a result of the battle. All told, approximately 37,000 rebels and sympathizers were put to death. As the rebellions leader, Amakusa Shiro was beheaded and his head taken back to Nagasaki for display. As the Shimabara Peninsula and the Amakusa Islands were essentially depopulated by the rebellion, new immigrants were brought in from other parts of Japan and the lands divided among a new set of lords. Ignoring the role that over-taxation played in causing the revolt, the shogunate opted to blame it on the Christians. Officially banning the faith, Japanese Christians were forced underground where they remained until the 19th century. In addition, Japan closed itself to the outside world, only allowing a few Dutch merchants to remain.

Leadership style Essay Example | Topics and Well Written Essays - 750 words

Leadership style - Essay Example The main purpose of this exercise is to understand different leadership styles and their impact on the followers. Interview with the senior nurse manager revealed that she gave orders to her subordinates and peers, as well. She kept most authority to herself and did not involve her reporting managers in any of the work-related decisions. All her reporting staff were habituated of taking orders. The senior nurse manager was extremely quick in taking decisions, without spending much time. The things that annoyed her manager were delay and interruptions in accomplishing the tasks. She would get impatient at people that tried to question or understand the underlying reasons for her decisions. Response from the team nurse manager was quite contrasting. She believed in working with others, and team members’ involvement and participation defined her style of leadership. She would always take her team members’ opinion before taking specific decisions. She enjoyed working with people and not in isolation. The manager gets annoyed by unscrupulous behavior and isolation. The senior manager possesses autocratic leadership and the team nurse manager is a democratic leader. Both autocratic and democratic styles have significant impact on followers in terms of task accomplishment and motivation. While autocratic leadership uses authority, coercive power and reliance on others for achievement of desired outcomes, the contrasting style, i.e., democratic style uses trust, encouragement, participation and delegation of responsibilities to achieve desired outcomes. Democratic leaders levy complete trust in the abilities of their followers whereas autocratic leaders do not act based on trust but believe in action and abilities. As seen in the case of senior nurse manager, all tasks are almost always completed on time and under utmost discipline, unlike the team manager who gets tasks completed with lenience and sometimes in chaotic manner. The

The Anti-imperialist League Essay Example | Topics and Well Written Essays - 750 words

The Anti-imperialist League - Essay Example Thesis Paragraph The Anti-Imperialist League was an essentially American organization that came into existence on June 15, 1898.1 The organization stood for varied fundamental principles enshrined in the American Constitution and the Declaration of Independence, and imminent in the American way of life. The Anti-Imperialist League opposed the annexation of Philippines, Cuba, Puerto Rico or any other nation by the United States of America.2 It opposed any form of expansionist policy on the part of United States, as its members believed it to be contrary to the fundamental ethos of republicanism. The Anti-Imperialist League had no aversion to the expansion of Unite States in the areas of trade, business, political ideas, culture, religion and humanitarian efforts. However, they challenged any politically expansionist designs on the part of the United States, as they intended to deprive the inhabitants of the annexed nations of their inalienable right of self determination and self gove rnment.3 The Anti-Imperialist League drew inspiration from the ideas given by the cherished patriarchs of the past like the founding fathers, George Washington and Abraham Lincoln.4 Though, a majority of the Americans supported the annexation of Philippines, Cuba and Puerto Rico, the Ant-Imperialist League was a beacon of hope in the troubled times that stood against any imperialist or colonial policy on the part of the united States. The principles of the League were inherently just and in consonance with the democratic principle of the right of the rulers to govern the ruled only by their consent. Its members considered the idea of subjugation of other nations by the United States as being a criminal act that violated the very spirit of American democracy.5 Though in minority, the League was ethically and morally, certainly on the right track. The Anti-Imperialist extended varied reasons to denounce the expansionist designs of the United States. One was the unnecessary and futile sacrifice of the American soldiers and sailors in the military campaigns undertaken to gain control over the foreign lands.6 It denounced the slaughter of Philippines’ natives by the American army and navy as being horrible and compared the United States’ expansionist designs to be like those of the colonial Spaniards.7 The other important weapon in the hands of the Anti-Imperialist League was the ethical and moral superiority of its cause before the coercive nature of the American expansionist designs in Philippines. Its members declared that the imperial nature of the American expansionist doctrine was not in accordance with the basic American spirit of liberty and freedom. It amounted to the suppression of the weak by the strong and powerful. It warned the United States from conforming to the ancient legacy of the supremacy of might over the right and urged it to return back to the Philippines the sovereignty and independence that it justly deserved.8 The Anti-Imper ialist League also drew the public attention towards the possibility of a complete success of the international imperialist forces, going by the fact that the only viable and capable, moral, ethical and military opposition that is the United States of America was willing to comply with and follow their doctrine of annexation and control by force.9 This attitude on the part of th

Eveline, Dubliners and James Joyce :: Joyce Dubliners Essays

Eveline, Dubliners and James Joyce    "Eveline" is the story of a young teenager facing a dilemma where she has to choose between living with her father or escaping with Frank, a sailor which she has been courting for some time. The story is one of fifteen stories written by James Joyce in a collection called "Dubliners". These stories follow a certain pattern that Joyce uses to express his ideas: "Joyce's focus in Dubliners is almost exclusively on the middle-class Catholics known to himself and his family"(the Gale Group). Joyce's early life, family background, and his catholic background appear in the way he writes these stories. "Where Joyce usually relates his stories to events in his life, there are some stories which are actually events that took place in his life" (Joyce, Stanislaus). James Joyce in his letter to Grant Richard writes:    My intention was to write a chapter of the moral history of my country and I chose Dublin for the scene because that city seemed to me the center of paralysis. I tried to present it to the indifferent public under four of these aspects: childhood, adolescence, maturity and public life. The stories are arranged in this order. (5 May 1906; Selected letters). (Ingersoll)    In the story, Eveline's family is described poor, and they probably don't live a very comfortable life. The dust and Eveline's struggle for money mentioned in the story all go to explain the misery in their life: "Besides, the invariable squabble for money on Saturday nights had begun to weary her unspeakably"(Joyce5). This misery also appears in other stories by Joyce like 'The Sisters' and 'Araby'. Joyce could have related his childhood days when his family was in some financial crises to the family background of Eveline in the story: "but the [Joyce's] family fortunes took a sharp turn for the worse during Joyce's childhood" (Gale Group). From the story, we are told that it is from this misery, and her father's attitude that Eveline decides she would leave home, although, she does not leave at the end of the story. Joyce could have been writing about the urge the had to leave Dublin during his youth because he: "[cites] the city of Dublin as the center of paralysis" (t he Gale Group).

Building Construction for the Fire Service

In the aspect of social community safety and welfare, incidence of fire disaster is indeed viewed to be very critical and damaging for the people. Primarily, this disaster posts danger to the people as it present injuries and even death to afflicted individuals and also, fire disaster posts certain damages to valuable life properties and social construction.Indeed, fire disasters are dangerous and very disadvantageous thus, the people must exert efforts and resource to prevent this problem from occurring and causing problems for the people. There are actually many new ways and technological advancement that have created to address the need of the society towards safety and security against the fire disaster. One of which is the development of the water sprinkler system in the social construction such as houses, buildings and other private and public construction.The system of water sprinkler is indeed an efficient and effective innovation for public safety as countless fire disasters have already been prevented by this creation. Consider primarily the beneficial that this system offers to the society. First, the water sprinkler system is automatic through its sensors thus, fire incidences can be premature prevented before it even destroy valuable property or inflict danger to the people.Second, modern innovations have developed this system to be more efficient thus, the aspect of water problem can be minimized. Indeed, the water sprinkler system installation is an effective means to prevent the dangers of fire disaster thus, the mandatory state of this installation need must be establish in each local community. As some people may argue, water sprinkler system also has its flaws and adverse issue yet, these people must consider first the question: â€Å"What if there is no water sprinkler system?† Indeed, this scenario would be much more problematic and adverse for the people as even the simplest fire originating form small sparks or friction can create a major fire disaster destroying valuable and even priceless infrastructures and property. What is more important that each community must consider when evaluating the need for the said system is the value and importance of people’s lives and their safety. Thus, the installation of the water sprinkler systems is an important addition to the basic construction elements for each private and public buildings and dom