Paper details:

This essay is for the British EPQ qualification- I am in year 13. The essay is titled: How have different economic factors affected oil price and to what extent has this impacted the environment? It is both economic and geography related. I pick up marks for evaluating/arguing skills- so note it is imperative you are constantly referring to the consequences oil consumption has on the environment/ climate change throughout the essay. Feel free to insert graphs where you see fit to better portray changes throughout history. Please may I ask that you also include an annotated bibliography too(it doesn’t need to be in great amount of detail just a few sentences). Here is the structure you can use for the essay as guidance to help make the process easier for you: Intro: – Why is oil so important as a commodity to economies? – Rise of the oil industry(include: 1800-1869 early industry, 1870-1913 modern industry, Seven Sister companies) – Supply and demand being the main determiner of oil price(include: explain S + D in context of oil and how it affects prices). – How does oil consumption affect the environment?(include: some data and diagrams if see fit) Main body: 1. Wars effect on oil price + impacts of oil on environment at the time (include: oil prices in WWI and WWII- use data and diagrams) 2. Historical exploration of oil effect on price + impacts of oil on environment at the time (include: companies investing in R & D for oil uses, significant major explorations, Texan discovery- link all to price and include some data and diagrams if see fit) 3. West Coast Gas Famine of 1920 and effect on oil price + impacts of oil on environment at the time (include: what happened? Why?) 4. Great Depression of 1929 and effect on oil price + impacts of oil on environment at the time (include: what happened? Why?) 5. Battle for control of oil production between Iran, Indonesia, Saudi and effect on oil price + impacts of oil on environment at the time (include: what happened? Why?) 6. Suez Crisis of 1956 and effect on oil price + impacts of oil on environment at the time (include: what happened? Why? Russian actions in late 1950 to sell cheap oil and how this changed prices) 7. Formation of OPEC IN 1960 and effect on oil price + impacts of oil on environment at the time (include: what is OPEC? How it expanded, and it’s green policies) 8. Yom Kippur War of 1973 and effect on oil price + impacts of oil on environment at the time (include: what happened? Why?) 9. 1973 crisis and effect on oil price + impacts of oil on environment at the time (include: what happened? Why? And the introduction of Brent Crude- explain what it is) 10. Iranian Revolution and effect on oil price + impacts of oil on environment at the time (include: what happened? Why?) 11. Gulf War and effect on oil price + impacts of oil on environment at the time (include: what happened? Why?) 12. Asian Financial Crisis of 1997 and effect on oil price + impacts of oil on environment at the time (include: what happened? Why?) 13. COVID 19 and effect on oil price + impacts of oil on environment at the time (include: what happened? Why?) 14. Current affair of Russia v. Ukraine and effect on oil price today + impacts of oil on environment now (include: what happened? Why?) Conclusion: 1. Which events/factors discussed have been most significant on oil price and thus the environment? 2. Which events/factors discussed have been least significant on oil price and thus the environment? 3. How have high oil prices affected the environment? 4. How have low oil prices affected the environment? 5. (PERSONAL OPINION): Which event/factor do I think has been most AND least significant on oil prihkzce and thus the environment?