Nigeria and the Oil Industry Essay Example | Topics and Well Written Essays - 1250 words

Nigeria and the Oil Industry - Essay Example The paper also includes governmental policies with respect to oil industry. Trade Theory The companies do not necessarily trade to take advantages of the difference in their production and manufacturing capabilities but also to get benefit of the increasing returns. International trade has emerged over a period of time to be recognised as a key component in a nation’s growth and to enhance its economic performance. The new trade theory as introduced included a concept of ‘interindustry trade’. This allowed the trading practice between various industries belonging to different economies (Menipaz & Menipaz, 2011). The trade theory also states that the government of the nations can adopt necessary measures in developing the economic conditions of the citizens. The government of Nigeria is needed to take necessary steps involving the international trade practices (Bergoeing, 2003). A company is said to have achieved absolute advantage if it is capable of producing mor e goods than its competitors with the utilisation of same amount of resources or manufactures same quantity of goods with the utilization of minimum resources compared to its competitors. In this context, it is worth mentioning that Nigeria being one of the largest reserve nations of natural resources could have gained this advantage but due to the lack in advanced amenities and structures, and adequate law enforcement, the nation is deprived of this advantage (Bergoeing, 2003). In the era of international business, economic as well as social importances of international trade have played their role as the deriving theories influencing the international trading business (The Economy Watch, 2010). The Nigerian oil industry is facing instability with respect to declining condition of Niger delta adversely affecting the national economy and the sustainable growth of the related industry. Nigeria is included among the top ten nations that are considered to have richest reserves of oil o r natural resources. The main problem of Nigeria is that it has certain lacking in terms of advanced technology and infrastructure related to oil industry. As one of the major impacts of globalisation, the industry is facing tremendous competition from the outsiders (Foreign competitors). As stated by Adolor Uwamu, CEO of Seawolf Oilfield Services, the drilling for oil and gas is being carried out by the foreign companies in Nigeria and this has been a factor for the past 40 years (CNN, 2011; The Economy Watch, 2010). Participation of Nigerian Oil Industry in International Trade Nigeria’s international trade and export is significantly dependent on the oil and natural gas industry. After the introduction of economic reforms which was in the year 2005, the government of Nigeria has paid adequate attention in diversifying the nation’s export related profile. Oil and natural gas are considered as the primary products that are being exported of Nigeria. The nation is noted to export about 2.327 million of barrels daily, according to statistics of the year 2007 (The Economy Watch, 2010) as illustrated in the below figure: Nigeria’s Export Volume Source: (The Economy Watch, 2010). Globalisation and Regionalisation Nigerian government has taken necessary steps to reduce the exploitation of oil of Niger delta and declination of oil

Answer 5 questions Essay Example | Topics and Well Written Essays - 1250 words

Answer 5 questions - Essay Example It is made up of two proteins named fibroin and sericin. There are various mechanical properties of silk depending on the animal that produces it. Spiders, for example, produce dragline silk that has a high tensile strength and a strain that fails at 6%. Other forms of silk produced by spiders, especially the orb-web-spinning spiders, are superior to almost all natural structural materials produced by man and other animals. Another type of spider silk, the viscid silk, possesses remarkable extensibility and maximum strength of over 1 GPa (Meyers et al.). Other structural materials derived from animals include exoskeleton of arthropods, as well as keratin-based hooves and horns (Meyers et al.). Synthetic fibers rayon and nylon are also actually organic in origin. Rayon comes from cellulose, which is the solid part of the plant cell wall. On the other hand, nylon is the first type of fiber that is considered truly synthetic. It is made up of linear superpolymers (â€Å"Miracle Fibersà ¢â‚¬ ). 2. Terrestrial Locomotion Typically, tetrapods have the upper arm and upper leg extended in such a way as it is almost at a straight horizontal line with respect to its body. Moreover, the forearm and the leg form a nearly right angle relative to the body. The body weight of the tetrapod is actually concentrated into the torso or the upper segment with only a small portion of the weight on the upper part of the lower limbs or the area of the thighs. The main task of the limbs is to lift the body off the ground in order to walk. Moreover, the legs of tetrapods have internal bones within them and with muscles that are externally attached in order to facilitate movement. Furthermore, the basic form of the leg of a tetrapod is that it has three key points or joints: the shoulder joint, the knee joint and the ankle joint. The sequence and the arrangement of these joints facilitate movement and make it possible and smooth (Polly). One principle of tetrapod locomotion includes the fact that locomotion must be a compromise or a balancing force between movement and gravity. This means that the animal must always remain in a state of balance whether it is at rest or it is in motion, except when it is falling over. Secondly, the force for locomotion is derived from muscles and gravity. Thirdly, bones and muscles must be regarded as lever systems in order to produce locomotion. Bones and the joints that they form are usually involved in one or more lever systems while muscles are confined to only one lever system. It is the action of these lever systems that produce a forward motion in tetrapods. There are several lever systems suited for each task in the body. However, those lever systems that work the hardest include those that support weight, close jaws or produce forward motion. The heavy muscles, in particular, which are located toward the center of the body and the proximal ends of bones, are actually a major source of movement for the tetrapod body (Polly) . Unlike in bipedal and flying animals whose balance in locomotion centers on the hindlimbs, tetrapods have their balance concentrated over their forelimbs. Moreover, the propulsion for locomotion comes from their hindlimbs, and their head serves to counterbalance the body (Polly). Cats usually have a longer swing duration of the hind limbs, a shorter stance duration, and the same step durations of fore and hind limbs. However, as the cat moves faster, its step duration becomes shorter. These specifics may become slightly different in the case of a