To Regulate or Not to Regulate (Pick an area to apply the question to Research Paper

To Regulate or Not to Regulate (Pick an area to apply the question to it, as per the instructions) - Research Paper Example Many say absolutely; while others say definitely not. It is the intention of this work to outline reliable viewpoints to determine if self regulation is even a feasible contention. It is the overall determination of this research that it is not. Regulation of the banking system is essential. Reforms are certainly called for, but completely â€Å"free banking† would be foolish and economically dangerous to the United States. Regulations were initially introduced to unify the banking industry, but, also, to protect the monies of the people and to encourage universal honesty in banking business practices. Today the regulations have been altered, reformed, and added to accommodate the changing times in comparison to the earliest appearances and the opinions about those regulations placed on the banking industry have been heavily debated and will probably continue to be so for a long time to come. There are viewpoints that stretch the entire spectrum of the topic. There are those that believe that there should be absolutely no regulations dedicated to banking. There are those that feel that the regulations need to be stronger and even stricter that they currently are. There are, also, those that remain somewhere in the middle on the issue. They feel some regulations are definitely in order, but are not certain if even more restrictions will actually solve the problems within the banking industry, or just ma ke things much worse. So which viewpoint is right? Can the banking system be self regulated? Will the viewpoints ever find a compromise that result in a solution that is effective and successful? Would anyone feel comfortable depositing their hard earned money in a bank that did not possess FDIC insurance? Without that insurance and the regulations involved your money could become leveraged while the bank takes financial risks. If something goes wrong and that money was lost banks would have little incentive or responsibility to you or that money.("Office

Oil Production In Saudi Arabia Essay Example | Topics and Well Written Essays - 500 words

Oil Production In Saudi Arabia - Essay Example With these statistics, it is undeniably true that Saudi Arabia’s contribution in the energy industry position’s herself as key player in the global economy. This paper therefore discusses the oil production in Saudi Arabia through understanding its history and development over the years. Statistics derived from organization of the petroleum countries (OPEC) in 2014 showed that Saudi Arabia’s value of exports from petroleum related products to be about $ 321, 723 million, and its current crude oil reserves standing at 265,789 million barrels. In a whole ,oil related products, natural gas reserves constitute about 8317 billion cubic meters. Pushed by the demand for oil of about 1000 barrels per day , Saudi Arabia has increased its production capacity to be about 9637 barrels per day; this is about 2507 barrels per calendar day refinery capacity. Last year, Saudi Arabia’s export earnings came from natural gas with 100030 million cubic meters exported globally (Bronson, 56). Before Saudi Arabia controlled its oil industry, the first king of Saudi Arabia Abd al Aziz Ibn Abd granted oil concession in 1923 to British investment groups who exploited, and utilized the concession granted. It is after the discovery of first oil reserve in 1938 that the concession agreement was changed to Aramco’s concession. It allowed an equal haring of profits between the company and the government on a fifty-fifty basis. With the discovery of large quantities of oil reserves in 1945, the use of pipeline was in evitable. The trans-Arabian pipeline company came into existence owned by Aramco’s group. After completion of the Tapline pipeline in 1950, it did collect oils from fields, and it was able to handle 480, 000 barrels per day. Tapline continued to operate with a number of challenges coming from within and externally and in 1982; it was forced to stop its operations in Saudi Arabia (Branson, 45). After 1982 and