The global business environment's changes Essay Example | Topics and Well Written Essays - 250 words

The global business environments changes - Essay Examplettaining comparative advantage led to the intervention of the topic governments in holding part or full stake of the oil industry in versatile countries (Paul, 2006). This has brought about changes in the stake holding pattern. Almost 85% of the oil reserves were held by the super-majors in 1950s and the current scenario exhibits that 90% of the oil reserves are held by the national oil companies.The universal economic expansion and the growth of the emerging economies have led to the increase in customer fore in the automobile markets, increasing trade across the oceans and skies, increasing number of air traffic. Due to this, the assume for oil is likely to increase enormously in the next twenty years. The use of advanced technologies in oil exploration and distribution in order to meet the increasing expect has led to the subside in the supply level of available oil reserves. Thus the major player would need to view in to the possible usages of natural gas, etc as substitute sources of energy in order to meet the future demand of