The focus that Exxon Mobil is putting on the supply and demand of Energy

FIN/370
April 29, 2014
D'Andre Wright

The focus that Exxon Mobil is putting on the supply and demand of Energy
How the initiative affects costs and revenues of the supply chain.
Now, the response occurs when the financial side of the “supply and demand and how products are manufactured and sold along with what the government takes in taxes” (Cohen, 2012, para. 2). For example, which was created by The United States Energy Information Administration’s; which gave the rundown of the projected to be an average cost “of a gallon of gas in December 2011, which was $3.27” (Cohen, 2012, para. 2).
However, let’s look at the price of the unprocessed substances that are used to make the gasoline result, which partakes a crucial influence of the definitive gas cost (Cohen, 2012). Now, the unprocessed substance for gasoline is crude oil (Cohen, 2012). Nevertheless, the rate “of crude oil is set by global markets, where buyers and sellers consistently react to supply and demand factors” (Cohen, 2012, para.3).
Now, this is when several individuals become chaotic. However, needless-to-say that many people thinks that the oil businesses, are manufacturing the whole entire oil; which “goes to their own refineries, and, therefore, can control gas prices by controlling the supply chain” (Cohen, 2012, para. 7). So, sorry to say ladies, and a gentleman that is not true.
On-the-other-hand, for example, “The United States crude oil production in 2010 was 5.5 million barrels per day, but The United States refineries processed 15.2 million barrels of oil per day, which is almost three times more oil than was produced in The United States” (Cohen, 2012, para. 7).
Now, from that example, it was the resources from The United States refiners, which in return gave earnings, capitals, income, as well as