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Essay / Research Paper Abstract
This 8-page paper discusses the impact of oil prices on the automobile manufacturing industry. Also included is a brief discussion about oil and climate change. Bibliography lists 14 sources.
Page Count:
8 pages (~225 words per page)
File: D0_MToilautom.rtf
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Unformatted sample text from the term paper:
article in 2006 about the challenges facing global automobile makers in the coming decade. In the article, in which Feast interviewed several automotive analysts, it was predicted, at that time,
that if oil prices were to continue going up, the price shock would be disastrous for the industry, especially if prices were to edge up quickly (Feast, 2006). Nor is
it just sticker shock at the pump that would cause problems. Higher energy prices would mean the cost of manufacturing and raw materials would also be on the rise (Feast,
2006). During the early part of the decade, the SUV and pick-up truck were king. The SUV offered the typical suburban family
the fun of being in a huge vehicle in some comfort, while the trucks simply re-asserted others self-confidence. Problem with these vehicles is that they were gas hungry, getting a
paltry 15 miles per gallon, at least, on the highway. Things changed, however, during the decade. Suddenly the SUVs and trucks werent
in demand quite so much. Commercials on television started changing from how spacious and cool-looking such vehicles were to the fact that other vehicles were offering more miles per gallon.
One of the culprits of all of this change involved spiking oil prices, which led to an increase in gas prices at the pump. This, in turn, led to consumer
demand for more fuel-efficient vehicles. And this, in turn, has led auto makers to try to do something to meet this demand.
Though the current downturn has had something to do with the fact that cars arent moving off lots as quickly as possible, rising oil prices (and therefore, gas prices)
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