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PWC Essay Topics & Paper Examples

The statement by PWC

The statement by PWC reflects the current trend of oil and gas sector. The oil and gas sector witnessed a tremendous increase in the demand for its products in the year 2007 and 2008. For example, the price of crude oil reached a historic high of around $147 per barrel which created havoc in the international market and allowed Oil marketing companies and refineries to enjoy magnificent increase in their profits. The substantial increase in the demand for energy came mainly from countries like China and India which witnessed tremendous growth rates of around 6 percent or more for five years. Unfortunately, the increase in demand for energy was not matched by enough excess supply which resulted in a shortage…