Natural Gas Industry In The Netherlands During The 1970s

Abstract: A 10 page paper. The hypothesis is made that during the oil crises of the 1970s, natural gas acted as a substitute for oil products, which resulted in increased employment in the natural gas industry in the Netherlands. The writer provides an introduction that explains the hypotheses, then discusses the discovery of natural gas in Holland, the effects of that discovery, including Dutch disease, the unemployment rates in the 1960s to the early 1980s, the crude oil prices during that period of time, and the reasons for the shortage of oil. The theory of the elasticity of demand and the theory the elasticity of supply are briefly explained for a point of reference. The writer draws conclusions based on the literature reported. Bibliography lists 7 sources.

Filename: PGgsnth.rtf

Pages: 10

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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