-How the are effecting oil and gas industry - 800 words Please write a research

Question

-How the are effecting oil and gas industry - 800 words
Please write a research paper on: The connection between the government and a "market" or "sector" or "industry" of your choice. >Please make sure you read a few academic articles written on your subject, first, weaving in the views or analyses therein into your paper. These should show that you have learned the basics about your industry and establish the facts of your topic. (Research quality: 25%) Once you describe the topic and the role of the government as it relates to this topic, apply any of the basic economic concepts and models you know (from previous courses or our classes) to this relationship. In this part, you should try and use the basic economic terminology/language as much as possible. Use graphs, if you feel they will complement and clarify your verba arguments. Research methodology and use of research tools from class discussions: 45% Draw clear conclusions from the analysis that may reveal some realities that may not have beern self-evident when you first started to write about your topic. (Research contribution: 30%) Other Vitals Do not use a font size any larger than 11, margins any wider than 1" Make sure pages are numbered and your name appears on all of them (use headers if you like.) Your paper should have the bibliography attached which should not be counted in the page count. The paper should not be shorter than 800 in word count. Longer papers won't be penalized so show me as much as you have learned and thought about the topic. >

Explanation / Answer

Trumps Tariff: How it is affecting the oil and gas industry:

Let us begin this issue in latest headlines with the relevance of the imposition of tariffs on hinese goods by Trump Government. The following are the key reason of imposing the high handed import duties:

With this, Trump administration had initially imposed a tariff of $30 billion and later increased it to $60 billion with a projection to raise it to $200 billion.

The process began with imposing 25% import duties on Steel & 10% on Aluminium. This resulted in a huge problem for Oil and gas industry in the country. This is due to the following reasons:

Considering all these it may be concluded that the decision of imposing the tariff had taken a toll on the oil and gas industry resulting in a considerable loss to their coffers that too at a time when OPEC countries are ready to accelerate the supply of crude as demanded by the companies.

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