The Bermuda Triangle Essay Example | Topics and Well Written Essays - 1000 words - 1

The Bermuda Triangle - Essay Example The essay "The Bermuda Triangle" talks about the Bermuda Triangle, an area of the Atlantic Ocean, which has a mythical value as it is associated with the inexplicable disappearance of numerous vessels such as ships and airplanes passing through or over the area. The name emanates from the fact that the area is marked by a triangularly shaped border which connects Bermuda to Miami and then to San Juan back to Bermuda. It is believed that this section of the ocean is always busy with traffic, with commercial ships sailing through to places such as Europe, Caribbean and other ports in America while tourists fly over from Florida to Bermuda and other Islands in the vicinity and back using light airplanes. This section of the ocean is said to have numerous cases of strong currents, storms, and hurricanes during certain times of the year and this has been termed as the real reason as to why notable disappearances of vessels have occurred especially before the advancement in communication t echnologies, which are important in acquiring real-time information on the whereabouts of vessels cruising through the ocean or flying through the air. However, this has not helped much in changing the mythical identity of Bermuda triangle. The earliest allegation in this area was in 1950 by one Edward Winkle, who reported that there were mysterious disappearances, which could not be explained inhumanly possible terms. The disappearance of a Navy aircraft, Flight 19, in 1945 is cited as one of the most important historical events.

Oil price in GCC Essay Example | Topics and Well Written Essays - 750 words

Oil price in GCC - Essay Example Since the 1970s’ tremendous oil price shocks till the latest times, the oil prices have exhibited major changes which have immensely contributed to the volatility and uncertainty of the energy sector. The oil prices in the timeframe between 2007 and 2008 rose by 40 dollars to reach the threshold of 100 dollars down from 60 dollars, which had already increased to 147 dollars by July. By August, the prices fell to 145 dollars and in four months marked at the end of December 2008, they were trading at 45 dollars. The cycle of rise and fall of oil prices was repeated in 2009 and the trend has progressed till 2014. This trend has been a serious concern as it affects both producers and consumers. In the last decade, there has been much literature devoted to the exploration of the relationship between stock markets and oil prices in the GCC countries. Research from empirical documents indicate that the fluctuations in the oil prices has an impact on the corporate performance of companies, earnings and output as well as stock returns. Most of the studies conducted recently have indicated a link between stock prices and oil prices although such studies were based on market performances of developed economies. The assessment of the movement of GCC stock markets in response of the movements in oil prices can be examined both industry-level stock return data and country-level data (Bjornland, 2009). The findings show that there is a direct relationship between stock prices and oil prices in the short term which is not present in the long term. The casualty relationship exists, in most cases, running from oil prices to stock markets at the country level. At the industry level, the responses of the return on oil are relatively positive, as marked by only twelve out of twenty industries. The response of the oil price in relation to movements of the stock returns can be described as asymmetrical (Awartani & Maghyereh, 2013). This