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Journal : Interdisciplinary Social Studies

The USA’s Shale Oil Revolution: OPEC Strategies and Oil Prices War in Global Economy Saputra, Cahya Handy; Prakoso, Andria Luhur
Interdisciplinary Social Studies Vol. 1 No. 7 (2022): Special Issue
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/iss.v1i7.166

Abstract

Background: At the beginning of 2020, the Covid-19 pandemic attacked the world and affected the continuity of the world economy. This condition also causes oil prices to decline further. OPEC plans a strategy to realize its role as a regulator of the world oil trade. Not only the global economy but the stock market is also affected by the decline in oil prices. Production of shale oil in the United States lowered OPEC oil prices, coupled with economic conditions during the Covid-19 pandemic which worsened the international economy. Aim: The authors examined changes in oil prices due to United States’ shale oil. Method: The qualitative method and literature review were employed in this study. The information was compiled from a variety of documents and other sources. Findings: The United States reduced its reliance on OPEC imports, which resulted in lower OPEC oil prices due to an oversupply and decreasing demand. Along with the Covid-19 epidemic, not only is the global economic collapse growing worse, but the decrease in oil prices in early 2020 is getting worse as well. Finally, the world economy suffered a downturn, which impacted the international capital market.
Paris Agreement 2015: Formulating Indonesia’s Efforts and Challenges in Facing Climate Change Rizkiawan, Muhammad Faiz Adzani; Prakoso, Andria Luhur
Interdisciplinary Social Studies Vol. 1 No. 7 (2022): Special Issue
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/iss.v1i7.169

Abstract

Background: The Paris Agreement and the rules referring to the agreement play a role in addressing climate change need to implement Indonesian NDCs in every sector in legislation to implement Indonesia's contribution commitment in reducing greenhouse gas emissions as mitigation efforts in the face of climate change that adversely affects the environment and humanity. Aim: Mention the main purpose of the research. Method: Give a brief explanation regarding the method used, along with the sample, data collection technique, and data analysis technique. Findings: The need for spatial arrangements that remain based on environmental functions and on development or land use must be based on the concept of sustainable development and energy transition efforts must be prepared as soon as possible.