Company has taken several measures to response to the alarm of reducing the oil consumption especially in research and development. In June 2006, Shell planned to $200 million wind farm on the island of Maim to eliminate the need for a coal-generating there and investing in producing ethanol from straw and Grass by contracts have been signed with the involvement of Idaho farmers as well as German company respectively. This has further increased other business opportunities which are environmentally good in moving towards competitive business era.
However, good is not always good enough.
Slouch (2006) however claimed that, increase in oil price leads more to price manipulation those big American Oil Companies. Since 1993 until 2005, there are tremendous increases in the control in oil refining which this will make those companies easier to manipulate gasoline by withholding the supplies for further increment. According to Ball (2006), Snowmobiles new CEO, he mentioned in The Wall Street Journal’ that his company has no plans to build new refineries even though American fuel consumption will continue growing for the next decade with a reason this will be bad for its long-term industry.
Again, Slouch (2006) emphasized that Complexion refused to build new refineries because for its self-interest profit as when the refineries margin is becoming tighter, this will transform into a bigger profit. From all the above, global warming has triggered international business in many ways. It can be seen that there are pro and cons for every policy set up by government although they are initially made up to fix the situation.
International business could not run anywhere except get involved and give cooperation to combat the global warming issues.
Regarding on the impact of leslies to international business, it can be argued, it is not necessarily for international to be more oriented to delivery of services as shipping of goods around the world is expected to be more expandable in the future. Besides that, increase in oil prices has driven oil companies to invest more on research and development for renewable energy which will open up more job opportunity (domestic and international). However, they are potentially having more incentives to manipulate the oil prices which will further affect the international business.