Abstracts » Business

No-panic guide to the bug attack

Article Abstract:

The year 2000 computer transition problem will affect different sectors in different ways. The oil and gas industry started to prepare for the problem early, though a spike in prices is likely for the millennium. Stocks could build up in engineering, though interest rates could have more of an impact on the industry. Chemicals could be hit if raw materials supplies are affected. Metal refining could be hit. Water and electricity supplies should be assured, and utilities are legally obliged to have contingency plans.

United Kingdom, Cover Story, Year 2000 transition (Computers)

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Threat of rising oil price is crude analysis

Article Abstract:

Higher petroleum prices can lead to reductions in jobs and output by putting pressure on profit, but there is a debate as to whether this could lead to recession in Britain. Petroleum accounts for under 2% of British economic inputs. Price rises may depress growth but not necessarily enough to lead to recession. Petroleum price rises may fall by Jan 2002, and reductions in costs elsewhere, for example through electronic commerce, may help offset price rises for petroleum.

PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing

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Oil price volatility here to stay

Article Abstract:

There is a likelihood that petroleum prices will continue to be volatile, for reasons which are examined in detail.

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