Digital Economics 535 Economic

Concentration Evaluation:
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Digital Economics 535 Economic Concentration Evaluation: Texas and Louisiana Gulf Coast
Crude Oil and Natural Gas Production and Refining University of Phoenix Digital Economics
535 In the United States, crude oil and natural gas production and refining is concentrated in
the Texas and Louisiana Gulf Coast. This concentration has developed due to geographic
product availability, competition and pricing, and supply chain influences. The demand for
these products for energy production, heating, and transportation needs is high, and will
remain high in the foreseeable future. In this paper I will analyze how the economic
concentration of crude oil and natural gas production and refining was influenced by
competition and pricing, how it was influenced by the supply chain, how the four factors of
production are relative to them, and predict changes I anticipate for this area of conc

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