Comp 1 Part 2 Economic Concentration Evaluation.docx Digital Economics 535 Economic Co

Comp 1 Part 2 Economic Concentration Evaluation.docx    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 concentration.  Economic Concentration Evaluation:  Texas and Louisiana Gulf Coast Crude Oil and Natural Gas Production and Refining  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 o