Essays on Sustainability in Global Business Case Study

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The paper 'Sustainability in Global Business' is a great example of a Business Case Study. The main aim of this report is to realize the increased sales of oil and gas products from oil and gas sales in the global market. Tentatively, the kind of oil to be utilized should be of high quality and environmentally friendly. In order to maximize their productivity in the global market, this industry should adopt technological advancement strategies. Furthermore, socio-economic and geographical factors should also be put into an account for maximum productivity.

During extraction oil and gases from their national setting, oil reserves, demand for fuel, climate change, trends in economic development, and the alternative sources of energy should be analyzed (Ajayi, et al, 2016). Due to this, I decided to come up with a report postulating a 2040 scenario for the oil and gas industry. The plausible sustainability challenge of the oil and gas industry The main challenges engulfing the oil and gas industry is competition from the alternative sources of fuel. In the contemporary world, many people are adopting the use of electric cookers and wood fuel in their daily lives.

This poses a huge competition from these products hence reducing the demand for oil and gas products. High production of biomass, solar, and will energy also reduces the local market for the oil and gas industry. In terms of the change in climate, the industry faces a global challenge whereby oil and gas materials emit numerous toxic gases that enhance global warming (Ajayi, et al, 2016). These global gases including Carbon (II) oxide and carbon (IV) oxide corrode the ozone layer hence increasing global warming.

Consequently, people end up referring to environmentally friendly fuel like electricity, renewable solar energy, and windmill. Many states are targeting cars and trains that use alternative sources of energy like natural solar and electricity. This reduces the demand for locomotives that use oil hence reducing its demand in the long run. There is overexploitation of oil and natural gases in Brazil and the global word. This, in turn, leads to low oil supply to meet the increased global demand. The market becomes destabilized due to the increased oil demand, cultivating an energy crisis in the global market which yields inflation in a given state economy. Geographically, the cases for scramble and partition for oil fields is a tragedy.

This merges with political interference in the oil production industry. There are increases in wars between the American states and the Asians over oil fields. This also affects the total oil and gas production as the entire mining process will be halted by wars. This, in turn, reduced the global peace among states decreasing the global oil supply and demand. Market offer for oil and gas industry Demand for the Brazilian oil and gas products results from the increased efficiency of energy, socio-demographic factors, rise in the cost of extraction of oil and the emergence of the non-convectional natural gas production Cost of oil extraction There is a reduced cost of production in the Middle East as compared to other places in the world.

Other states like Brazil and the USA find it difficult in oil extraction due to the rugged landscape. This landscape needs sophisticated equipment which is very expensive for oil extraction. They also extract oil from deep seas which attracts an additional cost of production.

Consequently, this cost spreads across the board up to the selling price of their oil. Demand for cheap Brazilian oil reduces making many states purchase oil from the Middle East.

Reference

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