Oil prices are usually referred to as the price that is quoted for an immediate settlement or what they call the spot price of either Light Crude traded on New York Mercantile Exchange (NYMEX) delivered in Cushing Oklahoma; or price of Brent traded on the Intercontinental Exchanged (ICE) which is delivered at Sullom Voe. A barrel equated to 42 gallons of oil is highly dependent on its API gravity (American Petroleum Institute), its sulphur contents, and its location.

The majority of oil related products will be traded on an over-the-counter basis rather than traded on an exchange which is referred to a marker crude oil grade and typically quoted via pricing agencies such as Argus Media Ltd. and Platts. Other benchmarks included Dubai, Tapis, and the Organization of Petroleum Exporting Countries (OPEC) basket.

EIA or Energy Information Administration, which is responsible for the collection and dissemination of oil prices, production, consumption, distribution, and energy reserves, uses Imported Refiner Acquisition Cost, the average weighted cost of all oil imported into the US as their “world oil price”.

Oil demand is dependent on the conditions of global micro economy. Moreover, it plays an important role on the determining of price. Economists claim that high oil prices cause a large effect on economic growth. This means that the relationship of oil price and global growth is not that stable, although the increase in oil price is often said to be a late cycle phenomenon and needs to be carefully considered when investing.

OPEC, comprised of Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates , and Venezuela , was said to be formed in order to maintain the oil price level that will be beneficial to its members and served as a cartel by most observers. This had its first global impact during the oil crisis the 1970′s and continues today to be one of the chief means of controlling the production of oil in many parts of the world.

This event is significant today, as we live in a time when many Third World countries are beginning to increase their demand for petroleum and other oil based products. With so much of the world already dependent on a steady flow of oil and related products, it is a safe bet that any cartel or union related to this industry will have an even greater impact over the next several years.

Intel Corporation announced that the Classmate PC`s started to be delivered in the emerged markets. These PC`s, offered at accessible prices are based on the Intel Creon M processor. These are the first laptops oriented to the eductional systems in Basil and Mexico.

Intel has a long history of working to improve education worldwide and our ongoing programs prepare teachers and students for success in the global economy.

Intel plans to start this year pilot-programs in over 25 countries like China, Chile, India, Indonesia, Nigeria, Pakistan and Thailand. Intel want to deliver these laptops in several languages: english, Arabic, Chinese, Portuguese, Russian, Spanish and Turkish.

With students using the Classmate PC in class, a teacher can make presentations, guide student’s access to the Internet, deliver specific controlled content and interact individually with students and parents in giving tests or providing feedback.

Intel’s award-winning stools technology for online digital learning offers a scalable, multimedia, multi-device learning solution to improve the teaching and learning of mathematics and science. Easily adaptable to local needs, it is being used in Europe, the Middle East, Africa, Southeast Asia, and a number of Spanish-speaking countries.

As part of the Intel World Ahead Program, Intel will train an additional 10 million teachers over the next 5 years in developing communities on the effective use of technology in the classroom. Features: * Designed for education * Durable rugged design for children’s day-to-day use * Small, kid friendly, form factor for classroom use * Easy to carry and light-weight * Education-specific features * Integrated software and hardware solution * Learning through fun, collaboration and interaction * Easy to deploy * IA-based, runs on already available content, applications and operating systems with full compatibility to standard PC ecosystem Collaborative content programs utilize the expertise of government decision makers, universities, educators, telecommunication companies, solution developers, and NGOs to deliver applications and services that enhance lives and expand social and economic opportunities to ensure that the local demands are fulfilled, local language is used and to create local content. Partnering with public and private organizations, Intel is driving WiMAX broadband deployments that will reach cities as well as suburban and rural communities that previously were either impossible or too costly for carriers to pursue. For people living in underdeveloped communities, the Internet is either a complete mystery or a resource beyond their reach. The program will also provide 100,000 free PCs to classrooms in those communities to improve learning skills. Intel is working with developing country governments to ensure that these PCs are utilized within a holistic, sustainable framework-focused on providing appropriate technology, teacher training, relevant content, and connectivity.

Intel Classmate PC is part of the “Intel World Ahead” Program, a program where technology, school programs and teachers ability are blend to improve the educational level in the poor countries. Intel will co-operate with these countries to develop plans that include local industries collaboration, free Internet access in schools, training for teachers and the Intel Teach program than help teachers to use the technology efficient in the teaching process and the creation of local teaching content.