Exxon Mobil Essay -- Business Analysis

ExxonMobil is the largest publicly traded oil and gas producing company. ExxonMobil does business in 200 countries world-wide (1). Some countries are designated for exploring gas and petroleum, and some are designated for manufacturing chemicals, lubricants, and market fuels (1). ExxonMobil's world-class petroleum portfolio gives access to proven reserves of 21.9 billion oil-equivalent barrels of oil and gas, which is the highest in the industry (1). The company's discovered resources consist of 72 billion oil equivalent barrels of oil and gas. On average, each day, they produce 2.5 million barrels of oil and 10.5 billion cubic feet of gas (4). Their asset base, includes more than 60,000 production wells in 1,800 fields in 25 countries. With activities in some 40 countries, ExxonMobil's oil and gas fields extend from West Texas to West Africa and from Australia to Alaska (1). The company operates in deep seas, arctic ice and deserts in some of the world's most remote regions (1). Ex xonMobil is the world's largest nongovernmental marketer of equity natural gas. The company has access to 56 trillion cubic feet of proven reserves and discovered resources of more than 185 trillion cubic feet. It has gas sales in 25 countries and across five continents (4).   Ã‚  Ã‚  Ã‚  Ã‚  Oil is Exxon’s primary means of revenue. In the Oil industry there are competitive forces that function in the industry, but none stronger than the barriers of entry. One of the major barriers to entry is finding a supply of petroleum or gas. The cost of research, discovery, and output of gas and petroleum can easily reach the 100’s of millions of dollars. Another problem a new company would face, is receiving permission to develop oil in a foreign country. Because of the amount of money involved in oil, countries tend to produce oil on their own, rather than share the profits. The large investment in capital and the political connections needs to enter the industry, make it almost impossible to start a new oil company.   Ã‚  Ã‚  Ã‚  Ã‚  The second force that affects the oil industry is the bargaining power of suppliers. In the industry, suppliers have all the power. There is no international trade commission, so oil can be dispersed at any pace and be sold at what ever price suppliers want. The inelasticity of oil and the constant fear that oil is on the verge of running out, gives suppliers absolute power in the ... ...d. The have more than enough money and resources to work on alternative energy sources. Whether it is hydrogen or electricity, they can reap both the financial and humanity rewards. For Exxon to end with oil would be a tremendous blunder.   Ã‚  Ã‚  Ã‚  Ã‚  Exxon is not a company that needs to worry about competition. In the oil industry it is all about raw materials. The more a company has the more control they have. Exxon also has no need to be concerned with competition because gas is gas. No one is going to pay a dollar more for Exxon’s gas than Texaco. Another factor that eliminates competition from the industry is a unwritten theme that gas prices move together. It is rare to see two gas stations on the same block with significance in price. When oil prices go up, gas prices follow. Works Cited 1.  Ã‚  Ã‚  Ã‚  Ã‚  ExxonMobil’s Official Website 2.  Ã‚  Ã‚  Ã‚  Ã‚  TexacoShell’s Official Website 3.  Ã‚  Ã‚  Ã‚  Ã‚  Yahoo Finance ExxonMobil stock information and financial reports. 4.  Ã‚  Ã‚  Ã‚  Ã‚  ExxonMobil’s Official Website Products and Services Subsidiaries and info about. 5.  Ã‚  Ã‚  Ã‚  Ã‚  TexacoShell’s Official Website 6.  Ã‚  Ã‚  Ã‚  Ã‚  ExxonMobil stock information and financial reports. Historical Stock Prices   Ã‚  Ã‚  Ã‚  Ã‚  

Shivaji

Chhatrapati Shivaji Chatrapati Shivaji Maharaj was the founder of the Maratha Empire in western India. He is considered to be one of the greatest warriors of his time and even today, stories of his exploits are narrated as a part of the folklore. King Shivaji used the guerrilla tactics to capture a part of, the then, dominant Mughal empire. Read this biography to get more information on the warrior and his life history: Early Life Shivaji was born on 19th February 1630, to Sahaji and his wife, Jijabai, in the Shivneri Fort, situated almost 60 km to the north of Pune.He was named as Shiva, after the local Goddess Shivai, to whom his mother Jijabai had prayed for a son. After being defeated by the combined forces of the Mughals and Adil Shah, Sahaji was offered a jagir near the present-day Bangalore. However, he was allowed to keep his holdings in Pune. So, Sahaji left his son Shivaji to manage the Pune holdings, under the care of his mother Jijabai. With a small council of ministers, Shivaji began managing his estate. His ministers included Shamrao Nilkanth as Peshwa, Balkrishna Pant as Muzumdar, Raghunath Ballal as Sabnis and Sonopant as Dabir.At the same time, Kanhoji Jedhe and Baji Pasalkar were appointed to look after Shivaji's training. In the year 1644, Shivaji undertook full administrative responsibilities of his estate. Thus was started his career as an independent young prince of a small kingdom. His mother, Jijabai, was instrumental in instilling in Shivaji's mind a love for independence and distaste for external political domination. Career The first aggression in the life of Shivaji came at the age of sixteen, when he seized the Torna fort of Bijapur kingdom. By 1647, he had gained control over Kondana and Rajgad forts, with complete power of the Pune region.With time, Chhatrapati Shivaji Maharaj secured the forts in the Western Ghats as well as those along the Konkan coast. Shivaji also fought against the army of Adilshah at Purandhar. In November 1 659, he fought the battle of Pratapgarh and defeated Afzal Khan. Immediately after this success, King Shivaji occupied the area stretching upto the Panhala fort. The battle of Kolhapur took place in December 1659. In the battle, Shivaji crushed the army of Bijapuri general, Rustemjaman. In 1660, Siddi Johar's huge and daunting army attacked him at Panhala fort.Shivaji managed to escape from the fort. However, he soon launched an attack on Siddi Johar. The result was the surrender of Panhala and a truce between Shivaji and Adilshah. After the death of Adilshah, Aurangzeb attacked Golconda and Bijapur. Shivaji used guerilla-style tactics and captured more and more of the Bijapuri and Mughal territories. However, by 1663, he had lost most of his conquests to the Mughal army. In the next few years, Shivaji again started seizing forts belonging to both Mughals as well as those of Bijapur. Aurangzeb sent Jai Singh, his Hindu general, to capture Shivaji.Shivaji surrendered to Jai Singh at Purander in 1665 and agreed becoming a Mughal vassal. In 1666, he managed to escape form his house arrest in Agra and lay low for the next few years. However, in January 1670, Shivaji launched an attack on Mughal garrisons in Maharashtra. Within a period of six months, he won back most of his lost empire. The period of 1670 to 1674 was spent by Shivaji Maharaj in expanding his empire at the cost of the Mughals. In 1670, Shivaji launched an assault, under his General – Tanaji Malusare, to capture Kondana fort on the outskirts of Pune.The battle was won but he lost Tanaji. In the honor of Tanaji, the Kondana fort was renamed as Sinhagad. Shivaji was formally crowned as Chatrapati (meaning the Chief, Head or King of Kshatriyas) in June 1674 at the Raigad fort. He was given the title of Kshatriya Kulavantas Simhasanadheeshwar Chhatrapati Shivaji Maharaj. The end of 1676 saw Shivaji commencing attacks in the southern parts of India. Death and Succession Shivaji breathed his last o n 3rd April 1680 in the Raigad fort, the capital for Maratha Empire. He was succeeded by his elder son, Sambhaji.

New Jersey’s Proposals to Cut Health Care Spending

In virtually every corner of the United States, State governments are grappling with the inevitable challenge of deriving a balanced budget given the outstanding deficits in revenues, a scenario largely precipitated by the financial crisis that has hit the nation. New Jersey is no exception. Indeed, state officials have increasingly found themselves faced with the reality of soliciting sufficient revenues to fund the topmost priority issues, unlike in previous budget allocations. In an attempt to draw a balanced and fair budget for the 2010 fiscal year, various proposals have been advanced.One of the efforts that can not escape notice is the idea of cutting funding for the state’ FamilyCare. The proposed strategy in realizing such an objective involves freezing the enrollment of parents between 150 and 200 percent of the federal poverty level and the implementation of co-payments for individuals in Medicaid and the AIDS Drug Distribution Program (ADDP) (NJ for Health Care, 200 9). Indeed, the budget dilemma facing the state is understandable, given the severe economic conditions.Whereas the idea of cutting monetary allocations on some items would suffice in minimizing the critical budget deficits that are essential in facilitating the advancement of the state’s yearly programs, adopting a rational approach based on critical evaluation reveals the utter need to reconsider the said proposals. In an economy where a significant majority is struggling to meet the high costs of living, the proposal to cut back FamilyCare enrollment of parents is evidently a grave issue that can be described as a matter of life and death.The fact that a healthy population is vital in the enhancement of economic prosperity is an indisputable reality that the state authorities embrace. In essence, the provision of Medicaid prescription drug benefits as well as the upgrading of Drug Distribution Programs for AIDS patients is essential in promoting health and wellness among N ew Jersey residents. Amidst the tough economic times, the advocacy of a sound healthcare policy is of critical significance. As such, the proposal to cut back funding on health-related programs like FamilyCare, Medicaid and ADDP should be inevitably reconsidered.The Significance of the Proposed Changes on Health Care The availability of quality and affordable health care services is necessary in the advancement of individual well-being. From a medical perspective, the client (patient) is the most important person. A general look at the proposed cuts and co-pays gives the indication that they will affect the ability of individuals to meet health care costs at a time when the cost of living has reached significantly high levels.In reality, the proposals will have a significant impact on health-seeking behavior, which constitutes a direct concern for the nursing and medical professions. The Impact of the Proposals from Positive and Negative Perspectives Generally speaking, the idea of coming up with a single healthcare policy that is not only budget-friendly, but which adequately addresses the health needs of the American population has remained elusive.At the national as well state level, financial analysts have year in year out grappled with the task of allocating funds to diverse priority issues. The idea of substituting certain financial allocations with others discerned to be of more socioeconomic consequence, often with mixed repercussions, has emerged as one of the most popular trends. Indeed, years of research and analysis has depicted the initiative of cutting health care spending on specific items as a double-edged sword. Positive ConsequencesOne of the healthcare policy issues that have been extensively studied is the effect of Medicaid drug co-payments. Examining the results reveals a significant degree of consistency in as far as the programs’ ability to minimize the overall healthcare expenditure is concerned. A longitudinal survey carried ou t in thirty eight states revealed that co-payments play an important role in barring individuals entitled to Medicaid benefits from filling prescriptions during a particular year, holding all other factors constant (Mason, Leavitt, and Chaffee, 2007).The predominant argument advanced in support of such behavioral trends is that beneficiaries of government-sponsored healthcare programs are inherently motivated to excessively utilize healthcare services funded by the government, which include ADDP and Medicaid, when compared with those with private insurance (National Organization for Women, 2007). By extension therefore, implementing co-pays suffice in instilling an increased sense of responsibility on beneficiaries of such programs, thus minimizing the tendency to seek unnecessary medical care.In essence, the rationale behind the suggestion to implement co-pays is based on their underlying assumption that the move would discourage unnecessary consumption of the Medicaid and ADDP pro grams which have traditionally been sponsored by the New Jersey government. In the long-run, the move is expected to save the state from excessive expenditures, and the arising funds directed to other priority issues. Negative Consequences A closer evaluation depicts the proposed healthcare cutbacks as likely to precipitate numerous unintended consequences in the long-term.For instance, it would expose the residents of New Jersey to increased health risks and dangers. This is particularly so considering the vulnerable population groups such as the poorest of the poor, the physically and mentally challenged, and those suffering from terminal illnesses. According to preliminary projections, the Medicaid proposal will affect an estimated 418,000 of the most vulnerable individuals, while the ADDP one will affect about 7,500 individuals registered under the program (NJ for Health Care, 2009).Indeed, New Jersey’s FamilyCare program acts as the principal health insurance plan for lo w-income families within the state (Castro, 2007). Thus, the decision to close the insurance programs and implement co-payments will have far-reaching consequences on health-seeking behavior amongst these vulnerable groups. The most obvious result would be to deter patients from seeking healthcare at the appropriate times. This would serve to exacerbate their health conditions, and majority would definitely end up requiring specialized hospitalization and emergency attendance.For instance, baring individuals with HIV/AIDS from accessing the AIDS Drug Distribution Program and imposing co-pays implies that a significant majority from low-income households could fail to access the life sustaining drugs as well as the related services necessary for positive living. While the assumption that depicts co-pays as serving to reduce unnecessary expenditures for individuals entitled to state-sponsored medical programs like Medicaid and ADDP could hold under certain circumstances, there is also a strong counterargument that the opposite could be true.Denial of the existing health insurance program (FamilyCare) which is fairly affordable would precipitate avoidable scenarios such as healthcare emergencies as well as serious illnesses (National Organization for Women, 2007). On another front, raising co-payments encourages patients to avoid cost-effective healthcare, and instead, seek medical attendance when their health status has significantly deteriorated. Examining the previous results of implementing co-pays gives provides strong indications that they indeed cause disadvantaged and marginalized groups to forego healthcare services, even those often described as fundamentally essential.In the last financial year for instance, the state of Oregon eliminated co-pays for prescription drugs after it emerged that the state’s Medicaid program co-payments were precipitating significant shifts in treatment patterns (Mason, Leavitt, and Chaffee, 2007). According to an inv estigation carried out in the same year, Medicaid co-pays for low-income individuals not only failed to reduce health costs as envisioned in the initial plan, but also precipitated clients to prefer a waiver of the co-pay as opposed to seeking medical services. The overall result of such tendencies is to inevitably increase the associated healthcare bills.Thus by implementing the FamilyCare, Medicaid and AIDS Drugs Distribution programs, the state of New Jersey would end up incurring more costs. From a practical point of view, this increased burden would be transferred to the ordinary taxpayer who has to pay additional taxes so as to cater for the unplanned healthcare expenditures. According to an analytical survey conducted by the Hispanic Directors Association of New Jersey (HDANJ), the proposed cuts are indeed shortsighted, and will most likely have severe financial implications (NJ for Health Care, 2009).This is not only in reference to the direct costs incurred in curative care , but as well those initiatives deemed to alleviate disease causation and spread. A case in point is when we consider the possible costs of patients who contract infectious diseases like the HIV virus, simply because they lack concise awareness of how the infection is transmitted. Similarly, it would be necessary to embrace a relatively new approach in the institutionalization of mentally sick clients who fail to receive appropriate outpatient counseling (Castro, 2007).In practice, these and other cases would most likely make the state and county governments incur additional and unplanned healthcare costs. Why the Nursing Professional Body Should Oppose the Proposed Cuts and Co-pays Examining the available body of evidence provides sufficient proof that the proposals to freeze the enrollment of parents in FamilyCare and implementation co-payments for individuals in Medicaid and the AIDS Drug Distribution Program are not only unnecessary, but also poses unprecedented health risks and dangers to the residents of New Jersey.It is imperative that nursing professional organizations throughout the state join hands with the rest of the citizenry in ensuring that these proposals are not implemented, considering the pivotal nature of the nursing profession in advocating for sound healthcare policy and promoting individual wellbeing in society. Indeed, the nursing fraternity should fight these cuts by using whichever means possible to influence state authorities to safeguard the health for all residents through the restoration of funding for the State’s FamilyCare, Medicaid and AIDS Drug Distribution Programs.This could be achieved by heeding the recently derived initiative of making phone calls to the state headquarters so as to express dissatisfaction with the proposals. Rationale for the Decision The proposals to cut health care spending on programs like Medicaid and ADDP in the state should not have been advanced at such an inappropriate timing. Indeed, the c urrent financial crisis facing the nation as a whole has not spared New Jersey. Examining the unemployment rates reveals that they have attained record-high proportions.As more and more citizens are laid off thus losing individual and family healthcare insurance, the situation is becoming more and more desperate for many residents, particularly for low-income households. At a time when living costs have attained unprecedented levels, the move to cutback enrollment in the State’s FamilyCare for poor working adults as well as the initiative to implement co-payments for individuals who least can afford them could not be less untimely and misplaced.To further highlight why the proposed cuts and co-pays are unwarranted, it is worthwhile mentioning that New Jersey has indeed received unanticipated federal funding aimed at stimulating the state’s economic growth. Recently, for instance, the state received a windfall of an estimated two billion dollars (for Medicaid) and anoth er one hundred million dollars (for FamilyCare) in additional federal funding, both of which were unexpected (). Despite the fact that these funds were largely utilized to correct the deficits in the state budget, it would have been similarly important to use a certain percentage cushion the health cutbacks.Indeed, this was the actual intention of the Congress. By utilizing the additional funds in appropriate ways, New Jersey would have probably won itself even more federal funding to meet its priority issues. In a nutshell therefore, implementing the said proposals is certainly a misplaced option, considering that it would have been avoided had the sound allocation mechanisms been employed. According to recent projections, an estimated seventy thousand people would be removed from the FamilyCare program, the only major health insurance scheme for low-income households should the stated proposals go through (NJ for Health Care, 2009).Likewise, the proposed move to implement Medicaid co-payments will affect the majority of those it is intended for: the elderly, poor, and children. The increased premiums and co-pays for health care have the implication that these vulnerable groups will be unable to access and afford essential medical services. Indeed, thousands of children in New Jersey could end up losing coverage for essential health care services such as payments for hearing aids, eyeglasses, and speech therapy among other necessary therapies hardly affordable to low-income households.In addition, implementation of co-pays for patients registered in the ADDP means that the less disadvantaged may experience unprecedented challenges in accessing drugs, counseling services, and any other necessary therapies and therapies. Overall, the implementation of the proposed cuts and co-pays make it hard for New Jersey residents to access quality and affordable health care which has often been cited as a necessary prerequisite for economic growth and development. As evide nce from the Oregon case where similar cutbacks were implemented, the overall state expenditure on healthcare is likely to increase, rather than decrease.Though proposal to implement FamilyCare cuts and Medicaid programs co-payments may lead to reduced costs in the short-term, the unintended consequences such as the tendency by patients to seek medical services when their health condition has deteriorated will mean additional in the long-term. Rather than the envisaged intention of lowering costs, the implementation of the proposals will only serve to place extra pressure on the state coffers, which in turn will be redirected to ordinary taxpayers.As New Jersey’s Senator Joseph Vitale recently observed, not only will vulnerable families be affected, but the state economy will also be hurt (NJ for Health Care, 2009). According to state projections, investing a single dollar in FamilyCare generates about four dollars in business activity, which translates to a loss estimated at forty million dollars (The Star-Ledger Editorial Board, 2009). Evidently therefore, the implementation of the proposed cuts and co-pays will have vast, disastrous and multiple consequences on individual families and the state as a whole.Those arguing for the implementation of Medicaid and ADDP co-payments also seem to neglect the essentiality of good health. By making healthcare services less affordable particularly for low-income families, the proposed co-pays will push individuals to the edge where they will continuously face one inevitable dilemma: that of choosing between basic necessities like food and housing on the one hand, and heath care needs on the other. The overall result would be to discourage health-seeking behavior.By implication, the nursing and medical professional fraternities will be faced with the increased task of attending to patients in critical conditions, which puts unwarranted burdens on an already strained health care system. Conclusion Considering the t ough economic conditions that prevail in the state of New Jersey, it is imperative that the proposals to implement cuts for FamilyCare and co-pays for Medicaid and ADDP programs be reconsidered.Particularly for individual families earning low incomes, the implementation of such initiatives presents a situation where one is increasingly faced with the dilemma of choosing between heath care needs and other necessities of life. Considering that the harsh economic conditions may force the State’s residents to opt to satisfy the more pressing needs of food and rent at the expense of health care services, it is necessary to reexamine the proposals.In a nutshell, the New Jersey State authorities should focus on expanding health care insurance coverage for all residents irrespective of their socioeconomic status or race, rather than suggesting cuts and co-pays which will not only harm individual families, but the wellbeing of the state as a whole. References Castro, R. J. (2007). Tim e to Keep the FamilyCare Promise. New Jersey Policy Perspective. http://njcitizenaction. org/hcfallingshort. pdf Coalition for a Moral Budget. (2009). Press release: Medicaid and ADDP co-pays will harm the most vulnerable New Jerseyans call upon legislature to eliminate co-pays from budget.Mason, D. J. , Leavitt, J. K. , and Chaffee, M. W. (2007). Policy & politics in nursing and health care. (5th ed). Edinburgh : Elsevier Mosby. National Organization for Women. (2007). Tax cuts hurt the poor. Opposing Viewpoints: Poverty. Ed. Viqi Wagner. Detroit: Greenhaven Press, 2007. Opposing Viewpoints Resource Center. Gale. Apollo Library. Retrieved June 25, 2009 from http://find. galegroup. com/ovrc/infomark. do? &contentSet=GSRC&type=retrieve&tabID=T010&prodId=OVRC&docId=EJ3010159287&source=gale&srcprod=OVRC&userGroupName=apollo&version=1.0 NJ for Health Care (2009). Senator Vitale, Chair NJ Senate Health Committee stands with advocates to oppose cut backs to NJ FamilyCare, Medicaid and the Aids Drug Distribution Program. May 12, 2009. Retrieved June 25, 2009 from http://njcitizenaction. org/hcpress20090512a. html The Star-Ledger Editorial Board. (May 26, 2009). N. J. FamilyCare funding: An avoidable budget cut. The Star-Ledger. Retrieved June 25, 2009 from http://blog. nj. com/njv_editorial_page/2009/05/nj_familycare_funding_an_avoid. html

interstate commerce act essays

interstate commerce act essays In 1887 the United States was still trying to rebuild and move to the west. The main method of transportation was the railroad. Not only was it quick, it was also expensive. No one had more problems paying for railroad cargo and themselves were the farmers. Congress eventually formed the Interstate Commerce Commission. Its goal was to wage lower rates than the railroad would allow. This was the start of the interstate commerce act of 1887. In this short essay some of the important sections of this act will be discussed and demonstrated by its importance and reasoning. Here is a brief, but accurate summary of the interstate commerce act of 1887. First, farmers could only carry cargo and transport it through the United States. Second, if a passenger asks for cargo or money from another passenger or the committee will punish him. Third, it is unfair to give money or cargo to any other person except for whom its is going to. Fourth, it is the rule that the railroad company is to keep scheduled stops and prices written legibly. The act says Schedules shall be plainly printed in large type... for use of the public.(Section 6,51) The last few sections give rights to the carriers safety. Any person claiming to be damaged may complain to the commission...or draw up a suit which is stated in this act.(Section 9,51) Other rules are the right to inspect cargo and ask the passengers purpose for transporting or having it. It was very important to the people of this time to have a proper-posted schedule, a decent fare, and a cooperative service in the railroad industry. The interstate commerce Act of 1887 not only set up fair state to state shipping and trade but, made it easy for their expansion and settlement. ...

Who Was Columbus essays

Who Was Columbus essays Christopher Columbus may have "Sailed the Ocean Blue in 1492," over 500 years ago, but only in recent years have books been written about the explorer that cover any new territory (pun intended) concerning personal information on this explorer. For the most part, he has remained a remote figure without much depth and understanding. As Carla Phillips and William Phillips said in Christopher Columbus in United States History: Biography as Projection, "His exploits have assumed mythic proportions, but there has been little attempt to probe beyond the myth." In fact, of the hundreds of books written on Columbus, nearly all are positive and many of them rehash the same information that has been in textbooks for decades and decades. In another one of their books, The Worlds of Christopher Columbus, the Phillips historian team adds that it was really not until the fourth centenary that "Columbus's life found its first great American debunker," through the writings of Justin Winsor. Instead of trying to cut down Columbus through religious prejudice, slanted information or character defamation, Winsor based his information on the documentary record and unbiased scholarship. He noted that Columbus was everything from a bad administrator to profiteer hoping to gain from the slave trade. One of the difficulties with a thorough study of Columbus is that much of the information about him comes from his own writings. Because of his strong ego, it comes as no surprise that Columbus only shows his good side in his log. He also probably thought of the important heritage his writings would leave to future generations. As the Phillips say, "Columbus had a strong sense of his own worth, rarely admitting any personal failings and tending to blame any and all misfortunes on the actions of others." In fact, in a flourish of pretentious mysticism, Columbus adopted the name ...

What Does Santa Clauss Resume Look Like [Infographic]

What Does Santa Clauss Resume Look Like [Infographic] Ho Ho Ho!It’s that time of year again! Santa has his professional resume perfected and is looking forward to flying out to his next assignment. Santa is definitely admired by children everywhere, and he is very experienced in his job so he’ll probably skip his interview step.His resume demonstrates that he has a very clear career path and is filled with accomplishments. However, he still needs to take some classes on Excel to help with his list updating. Check out his resume below and see why he is the man for the job! [Source: Kickresume]

Report Essay Example | Topics and Well Written Essays - 1000 words - 25

Report - Essay Example Global oil prices significantly fell sharply over the past nine months and this lead to considerable reduction in revenue for many countries exporting the product. The prices have fallen from an all time high of $110 a barrel to a low of $60 a barrel, a significant difference if $50 for a barrel. The trend in the fall of price of oil per barrel is likely to continue as the produced countries have resisted attempts to reduce the production that may increase the price of oil. Economists point to the surge in the United States production and tame economic growth in many countries as the leading causes of the oil price fall. The dynamic nature of oil prices in history has often been linked to stock prices. The ultimate way to validate, the assertion that the stock prices can be the result of changes in oil prices is only through empirical research. Most of the research on the relationship between these two variables are normally in the Western developed countries, and yet oil forms a sig nificant part of the economy of the GCC countries (Alabdulwahab, 2008). The relationship between changes in oil prices and stock markets in GCC countries are important for other significant reasons, other than the one mentioned above. These reasons include the specific characters of their GCC stock markets demands a deep understanding of the underlying oil to equity market relationship (Asia, 2012). The Gulf Cooperation Council, formed in 1981, and it comprises the six countries of UAE, Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait (Arouri, Bellalah and Nguyen, 2011). This paper is a report that shall present the manner in which the changes in oil prices affect the performance of stock markets of the GCC countries Markets in the GCC have reacted sharply to the changes in the oil prices from July 214 to January this year. The last time the prices of oil peaked was September, and since that day the price of oil has fallen drastically by more than fifty