Economics of sex and drugs Essay Example | Topics and Well Written Essays - 250 words

Economics of sex and drugs - Essay Example eople who will be visiting the city of Denver will lead to an imbalance in the market for prostitution and this is bound to create some pressures on the prices for the services. The various dimensions of the effects as well as the movements expected are discussed below in order to have a clear picture on the expected outcomes (Moffatt, Peter and Simon, 681). As has been mentioned above, the first basic effect of the National Western Stock show is the fact that there will be some imbalances in the supply and demand of prostitution services. This is due to the fact that a lot of people are expected to come to the city to show case their products and services while others will be visiting the city in order to experience the show. The first dimension of this influx is that there will be an increase in the demand for prostitution services and this is expected to push the prices upward as the market forces adjust themselves accordingly. It is expected that the prostitutes operating in the city will increase the prices of their services in order to benefit from increased demand for their services (Moffatt, Peter and Simon, 683). Additionally, the influx of people will bring in people with more disposable income and; therefore, they will be willing to spend their money on various forms of leisure and entertainment such as seeking the services of prostitutes. This will lead to an increase in the prices of the services since they will be willing to pay more than normal in order to access the scarce services. It is; however, important to note that this may not go on for long as the market will adjust itself almost immediately as it is expected that other prostitutes from other cities and localities will also invade the city in order to benefit from offering services to the people at the show. This means that the supply of prostitution services may actually increase and this may put a downward pressure on the prices (Dill 96). The expected increase in the demand for

Energy Industry Essay Example | Topics and Well Written Essays - 1250 words

Energy Industry - Essay Example Alaska, California, Louisiana succeedingly ranked in its respective slate in 1989 for generating 41% of oil but have degraded its supply contribution to 17% of total oil output recently (Styles, 2013). This decline is supplemented with the development of extractive industry at New Dakota which replaced Alaska in 2012and is contributed further by Colorado, Oklahoma and New Mexico’s rigs (Styles, 2013). The risk however is showed by oil generation reduction when the principal pipeline of onshore oil production became a funnel for oil importation (Styles, 2013). There is imminent reduction of New Mexico’s oil supply too following the Deepwater Horizon incident in 2010 (Styles, 2013). Economists recognized that the challenged nowadays is how the oil supplies from the upper part of the country to be distributed in the regions needing more of oil supply efficiency for domestic market demands (Styles, 2013). Such meant that the company therefore should be re-strategizing its w ays to balance the distribution of oil from region with crude surplus to other areas by transporting or shipping the refined products via multiple tankers to the Midwest (Styles, 2013). Recognizing that there is reduced supply after more than two decades of extraction, the challenge on oil production and efficiency distribution is doubled, notwithstanding fact that there are Oil Companies now eyeing oil resource in Monterey deposit (Styles, 2013). Suffice it to say, there is further challenges in the participation of the states in the west coast and hence, economist purviewed that California, Oregon, Nevada, and Washington will be primordially affected when oil production and distribution disruption happens (Styles, 2013). As an adviser to the consultant of the oil industry sector, the following vulnerabilities are therefore significant for consideration: 1. Improving quality control for oil generation and control.- Oil companies have been confronting problems on facilities and pipe lines safety amid issues that have happened on leakage or destruction in some significant part of the generation or oil refinery plants that caused and cost significant amount of destruction. 2. Problems involving social acceptability of tapping oil reserves- Strong sentiments on climatic changes, environmentalism and protection of indigenous peoples rights, as well as strong presence of armed elements over their lands are major causes of resistance from regions where proposed tapping of oil reserves are abound. Company managers must look into these concerns and seriously deal states and communities in rigorous dialogues. They must also be ready of measures to prevent potential outbreak of violence. 3. Future oil production and distribution efficiency for the Midwest states. The significance of this matter is highly elaborated in the preceding paragraphs of this paper. 4. Adaptation to renewal energy. Review the capacity of renewable energy production of the country and valuate its supplementary contribution to meet the demands for energy for Midwest states. Evaluate if the states can opt to maximize the potentials of renewable sources of power and its feasibility to double or triple it adaption (Department of Energy, 2013). Concerns relating to climatic changes and weather patterns must be accounted for serious consideration too on how renewable energy be maximized in accord to weather