Crude Oil College Essays Samples For Students

Abstract

Crude oil, also known as petroleum, is one of the most important natural resources. It is a fossil fuel that is non-renewable and has different components such as hydrocarbon compounds and other materials like oxygen, sulphur, nitrogen, salt and water. It is normally extracted from the ground, under the seas, and on land and is then transported to refineries. Most of the substances are removed in the refinery, and the oil is broken down and blended into useful products (McCants, 1989). Some of these products include medicines, plastics, fabrics, dyes, cosmetics, and transport fuels. Transportation of crude oil is done ...

Introduction

A scientific study was conducted to evaluate the effects of crude oil on different nitrifying prokaryotes. The researchers utilized ammonia-oxidizing bacteria and archaea to develop a bioassay. The study evaluated the ecological responses of these two groups of microorganisms on marine oil spills. Researchers found inhibition of nitrite production in all tested ammonia-oxidizing micro-organisms. The paper highlights the impact of crude oil spills on the environment. The paper also demonstrates the effects of phytoremediation to treat the oil spills. Many scientific studies had been conducted to evaluate the effects of phytoremediation (Using Nitrosopumilus maritimus and Nitrosococcus oceani) for crude oil ...

Crude oil is liquid petroleum that is obtained from oil wells. It is basically a fossil fuel that is formed under certain environmental conditions via a process that takes as long as millions of years. Chemically, it is a complex mixture of hydrocarbons i.e. molecules that comprise of long chains or rings of hydrogen and carbon and contains approximately 84-87% carbon and 11-13% hydrogen. Crude oil also contains other molecules such as sulfur, oxygen, helium and nitrogen in varying amounts (Sosnowska 1).
Crude oil can be classified as ‘light’ or ‘heavy’ depending on its relative density. It can also be categorized ...

Abstract

Studying microeconomics is as important as studying its larger counterpart, macroeconomics. Macroeconomics basically deals with the overall aspects of an economy rather than on the smaller details. This paper focuses on the discussion of the Macroeconomic effects of world crude oil price changes, an academic journal authored by Dr. Ercan Ekmekcioglu from Turkey University. In this case, the general effects, which can either be positive or negative, of oil price changes in state economies will be reviewed based on a journal that was published by the International Journal of Business and Social Science. The objective of this paper was to ...

- What causes climate change? Define the Greenhouse Effect

Greenhouse gases (GHG) allow sunlight to enter the atmosphere and absorbs the heat produced by that light. Most of this heat energy is trapped within the atmosphere by the GHG while some of them are let out into the space. The phenomenon of atmospheric heating due to the GHG is called as the greenhouse effect. Gases such as carbon dioxide, methane, nitrous oxide and fluorinated gases form the greenhouse gases. Burning of fossil fuels, manufacturing processes, decay of organic matter, agricultural industries and emission of synthetic fluorinated gases from various ...

The OPEC heavily relies on oil revenue to grow their economies. To ensure a high flow of revenue they formed a cartel to control their output so to sell crude oil at a relatively high price. However, the strength of the cartel has declined, the prices of oil have been declining, and the countries seem to lack a solution (Bowler, 1).

Reasons for Price Decline

The United States dollar has appreciated over the last few years. Currently, it is twelve years high against major currencies like the Euro. The appreciation has put markets under pressure because as the U.S dollar gets strong the ...

MEM 695

Abstract
The purpose of this research paper is to introduce the different types of energy resources utilized worldwide. This paper discusses the history of the different resources used, starting with the utilization of conventional fossil fuel based technologies, the emergence of nuclear power and finally, the commercialization of renewable energy resources. The main objective of this research paper is to provide an insight on how these energy sources are accessed, utilized, distributed and developed. The paper also seeks to impact of the utilization of these various energy resources on the environment, especially the effect of continued utilization of ...

(Caltex Brands 2016-2018)

Executive Summary

This report outlines a marketing plan for Chevron Singapore (Caltex brand). It has been observed that sales volume by Chevron Corporation has been declining over the past three years, and that is why this marketing plan was formulated to increase the sales volume, increase the Caltex brand awareness in those troubled markets and improve stakeholder and customer relationships between Chevron and the public. For a successful marketing plan, certain strategies which include PEST, SWOT, and Industry analysis were carried out. In PEST analysis, the factors arising from political, economic, social and Technological environments were analyzed. To ...

Could this be the end of the world? Scientific estimates point hands to the fact that the global oil reserve is running out at a fast rate and might get exhausted in the next 40 years. How true is this in the presence of the fact that the billions of barrels of crude oil many OPEC countries claim to have? If indeed the world’s oil reserve is running out, then how is this going to affect the civilized world: developing and developed countries. How are we supposed to adapt our life to suit this doomsday? Of course, all hopes ...

Rising Oil Prices Could Derail India's Economic Comeback

India’s struggle of economic comeback seems to be hit hard through the ongoing Iraq crisis that has led to the consistent rise in the prices of crude oil at the international level. Important to note that the prices of crude oil, which were in the healthy range of $104-$105/barrel has surged to $115/barrel amid Iraq crisis that has hit the global oil supply in the world. However, India, which is the major importer of oil from Iraq seems to be hit hard with multiple effects on its economy and economist are even questioning if the new prime ...

Introduction

The oil and gas industry has been in the business since the early times. It cannot be denied that the world has been dependent on oil historically, presently, and even more in the future. As the digital technology has been fast paced, more machines and equipment would need the gas and oil as blood for their functionality and efficiency.
Oil and gas are sources of energy that are sourced out naturally from the Earth. They are even considered as inexhaustible resources since they don’t run out. These under the earth sourced out energy fuels create a complex chain ...

Introduction

The United States economy refers to all the means through which goods and services are generated, distributed and utilized by individuals and businesses in the United States. It is made up of approximately three hundred million consumers and more than twenty million businesses. In 2005, the annual Gross Domestic Product amounted to twelve and half trillion US dollars (Schmidt, 2003). Such high scales of production and consumption have made the United States undoubtedly the greatest economy of the world regardless of the fact that some other nations have more land, people and other resources notwithstanding (Engdahl, 2004). However, this ...

Introduction

The company contemplates to raise the gas prices in the coming ten years. However, this cannot be taken for lightly because, rising gas prices is very essential for the company in helping it to meet rising direct and in direct costs as well as increase of the company’s profit margin. Rising cost is mainly attributed to the cost of crude oil which has been increasing year after year. This is a priority because crude oil is main raw material used in production of gas. However, the company should take caution when increasing the price to avoid loosing customers to ...

Summary

Chesapeake Energy Corporation was incorporated in 1989 and trades at the New York Stock Exchange under the Ticker Symbol (CHK) (Bloomberg). The company operates in the oil and gas industry. The company share price has declined form a 52-week high of $16.98 to a 52-week low of $1.50. As at April 4th, the share closed at $3.86. Over the past 1 year investors have lost 74.46% of their wealth. The share performance is 75.40% lower than the market return (S&P Index). The share price is likely to experience further declines and therefore recommend investors to sell of the company ...

In the long term, the rise and fall in gasoline prices track its origin to the dynamic cost of crude oil. However, global crude oil market forces of worldwide demand, supply and competition have a significant cause to the prices of gasoline in the short term. With the aspired economic recovery, gasoline demand is on the rise despite the challenging unrest in oil producing regions (Africa and the Mideast). The combination of the increasing demand and a decreasing supply escalate gasoline prices.
The gasoline price components include: 70% of the oil price, 13% of the price is taxes, marketing and ...

Executive Summary for ConocoPhillips

ConocoPhillips is an American multinational dealing with energy. The Houston, Texas-based company ranks among the world’s Fortune 500 companies and is the world’s largest independent pure-play exploration and production companies. The company explores for, produces, transports and markets bitumen, Natural Gas Liquids (NGLs), Liquefied natural Gas (LNG) and crude oil around the world. ConocoPhillips came into being following the merger of Phillips Petroleum Company and Conoco Inc. in 2002. In 2012, the company had a revenue of US$62 billion, more than 16,900 employees and was producing about 1.6 million barrels of oil per day. It currently ...

INTRODUCTION

The development of energy resources and the recent changes in world economies, climatic implications and resource management has let to greater examination of how resources are extracted, developed and utilized. The entire industry is constantly under review internally, and externally to perfect their processes with the least possible environmental damage. Because of the possibility, and the reality of potential acute disasters as well as long range environmental effects of the energy production and extraction processes each phase of the system needs careful examination to maximize production and minimize environmental impact. Nigeria and the Niger Delta region have been victims ...

Introduction

The First Persian Gulf War was triggered in August 1990 when Iraq invaded neighbouring Kuwait for their oil reserves and ensuring their debts were cancelled. Iraq’s leader Saddam Hussein claimed that Kuwait were guilty of slant drilling and over production, of crude oil, which significantly hurt the Iraqi economy as they were reeling from the after-effects of a long war with Iran. Different historians present their own reasons for the start and the First Persian Gulf War and factors behind the involvement of the global coalition to defeat Iraq.

Findings

Geoff Simons mentions his book, Iraq: From Sumer to ...

Abstract

The emerging power security issues appear to be severe for the United Kingdom. The public body of the United Kingdom apparently is engaged in leaving the gasoline provisions fulfilled through interferences of the marketplace in terms of the green rule and renewable assistances. The stated situation is solely meeting a trivial proportion of issues. The public authorities of the United Kingdom showed a potential aspiring thinking about the forthcoming periods of protected power. The government of the United Kingdom proposed growth of renewables, power effective infrastructure, and potential policy currents with an anticipation that they will definitely pacify the ...

Intellectual property refers to the works or inventions that are as a result of creativity, including a manuscript or a design, to which one has exclusive rights or for which one may apply for a patent, trademark or copyright. If a person or organization registers their original works such as inventions, ideas, innovations, writings and artistic performances among many others, with the relevant government and they own the exclusive rights for a particular period of time, this is referred to as intellectual property.

Intellectual property has become a major issue in recent rounds of international trade negotiations because of a number of factors. One, the costs ...

Introduction

Every forward-thinking organization should factor in all its stakeholders in its key strategies and processes of production. It is thus prudent for these organizations to effectively manage the resources involved in the production processes of goods and services. These processes are managed with the key stakeholders namely customers, suppliers, shareholders, employees and society in mind (Kamauff, 2010, p. 67). The processes and strategies incorporate performance objectives of the organization and its focus on achieving profitability and competitive edge in the industry it finds itself in. It is, therefore, important for an organization to aim to achieve a balance of all ...

Indian Rupee value against U.S. Dollar is hitting all time low. For past few months a significant down fall has been noticed in the value of Indian rupee. In the month of August value of rupee against USD reached to 68.8 by touching all time low. Reserve Bank of India took several steps to control the down fall of rupee in order to protect economic balance. This paper intends to discuss causes and effects of Indian rupee depreciation. The paper will further elaborate benefits of depreciation to Indian economy, internal and external factors, and necessary measures, to be taken by ...

Introduction

The global usage of gasoline and other sources of energy will continue to increase over the next few decades as populations grow and developing countries expand their consumption of world resources. This implies that energy producers must increase their supply of energy as well as consider alternative sources of energy. There is an ever-growing appetite for crude oil and other sources of energy, with the projection of worldwide energy consumption to increase by more than 40 percent by 2035 (Chevron Corporation, 2013). The growing demand for energy results from the population that is predicted to increase by 25 percent ...

- New Coke
Coke is thinking of partnering with Monster Beverage which is an energy drink manufacturer. Coca-cola intends to partner with the company or possibly invest in the company.
The Purchase of Glaceau’s Vitamin water cost Coca-cola $4.1 billion.
Coca-cola has 15 billion dollar products. Some of the products include coke, fanta, sprite, minute maid, dasani water and powerade.
Coke is the number one soft drink in the US. Diet coke is the number two drink after ousting Pepsi out of that position.
Coca-cola Company restored its bottling operations in North America. ...

Strategies & Challenges

The Savola Group is a Saudi public listed company and is considered as among the largest diversified conglomerates in the Middle East, North Africa and Central Asian (MENACA) region. It manages a varied portfolio of business. Savola Group’s inception can be traced back to 1979 when it started with an initial capital of SR40 million in the edible oil industry in the Kingdom of Saudi Arabia.

Currently, the Savola Group has 62% market share of Edible Oils market and 68% of the Sugar market in the Kingdom added to 113 Retail outlets in the form of supermarkets and hypermarkets. In ...

Dissertation Methodology

RESEARCH STRATEGY

This study was created to 'evaluate the severity of the effects from natural gas flares in the Niger Delta region of Nigeria. It will utilize both a Quantitative Research model to evaluate the amounts of gas flared, the volume of contaminants released into the environment and the potential value of natural gas wasted. That will be followed by a Qualitative Analysis that uses numerical and statistical process to draw out and make generalizations based upon the information structure created from the Quantitative Research and the data sets provided by the various information sources. These information sources include, but are ...

The institutional affiliation

Chevron Corporation is an American publicly traded international energy corporation with a headquarters located in San Ramon, California. Chevron is considered to be one of the largest oil and gas conglomerates operating in about 180 countries all over the world (Chevron, 2015). In the year 2015, the Chevron’s revenues reached $129.92 billion, while the operating income was estimated at $158 million (Chevron, 2015).
The company is divided into three technology companies, namely, Chevron Energy Technology, Chevron Technology Ventures, and Chevron Information Technology. The major technology centers are situated in Australia, the United Kingdom, and the United States. The ...

Current Event Article: Practical Application of the Concept of Elasticity

The applicability of different economics concepts occurs in the activities of business organizations, economies, and individuals’ decision-making. The concept of elasticity has wide application in the decision-making of an individual consumer, organizations, and the entire economy. This paper will analyze the elasticity article “Prospects for a U.S. Oil-export boom” published in the Wall Street Journal on 13th, January 2017, which relates to the feasibility of the United States to raise oil production (Strumpf, 2017). The article focuses on the capacity of the US to increase its oil production to improve its sale of crude oil in other countries (Strumpf, ...

Hydraulic fracking allows for mining of crude oil in areas that other means of extraction such as typical fracking cannot work. Hydraulic fracking allows for extraction of crude oil in ranges that have for a long while been thought to be dried or did not hold any mineral value. When rural fields are declared to have minable crude oil, the economic value of such a land automatically goes up. Areas with oil mining going on attract miners, investors, transport companies and engineers among other people, hence raising the economic value of such areas (King, 2012). There are several towns ...

According to EPA (2016), environmental management involves the development of systems aimed at reducing environmental impacts of various activities. In the Brundtland commission report (WCED), sustainable development has been described as development aimed at meeting the current needs of the present generation. However, as the current generation focuses on meeting their own needs, their activities should not compromise the capability of future generations to also meet their own needs. Available evidence suggests that the future generation would have challenges meeting their own needs if the current generation fails to adopt sustainable practices. The sustainable development incorporates the triple line: ...

Supply chain management is very vital in the oil and gas industry. The Global Supply Chain Forum outlined that supply chain management would be incorporating major business processes in all the value chains ranging from the original raw material suppliers to the end consumers of the products manufactured. The stakeholders of the supply chain gain value owing to the top notch products, information and services created by the processes (Lambert & Cooper, 2000). The supply chain is ever changing. This modern era brings in some challenges that need to be considered in order to coordinate the system effectively. In this ...

Abstract

The analysis is in the favor of the Qatar region as far as enhancing the export composition is concerned. This is also found from the analysis that the composition of goods have been changed exceptionally well from 1998 to 2014, and it has been analyzed accordingly in this entire analysis. It will be a perfect choice for the country to comply with such things in the future as well.

Introduction

The term economics have many faces and concepts, and every concept of economics is essential for the concerned authorities to get information regarding this particular concept. Adam Smith and Alfred Marshall ...

It is now evident that as the world has extracted most of the less polluting oil, attentions are now being turned on the kind of oil that leaves the environment with a lot of dirty sludge- oil sands. Oils sands are partially consolidated sandstones or loose sands that contain naturally occurring mixture of clay, sand and water, saturated with extremely viscous and dense form of petroleum that is technically referred to as bitumen. Colloquially, it is also known as tar, due to the similar appearance in color and odor. The Canadian crude oil sands or bitumen is very thick and ...

Introduction

Every forward-thinking organization should factor in all its stakeholders in its key strategies and processes of production. It is thus prudent for these organizations to effectively manage the resources involved in the production processes of goods and services. These processes are managed with the key stakeholders namely customers, suppliers, shareholders, employees and society in mind (Kamauff, 2010, p. 67). The processes and strategies incorporate performance objectives of the organization and its focus on achieving profitability and competitive edge in the industry it finds itself in. It is, therefore, important for an organization to aim to achieve a balance of all ...

Impacts of Energy East Pipeline Project from Alberta to Quebec

A set of pipes called “conduits” that is used for the conveyance of air, water, gas, or any liquid petroleum products is called pipeline. Piping is used for various industrial (process), marine, transportation, domestic and commercial plumbing purposes. Much of its fabrication comprised of welded, screwed carbon steel piping and pipe fittings. Transportation piping is normally had large diameter and used to convey liquids, slurries, gases over hundreds of kilometers. The pipeline project between Alberta and Quebec is termed as “Energy East Pipeline" and having length of about 4600 Kilometer. That was planned to carry more than 1 million ...

Introduction

Globalization may be described as the increased interconnectedness and flows between world regions and cultures. Today, this interconnectedness is apparent in major events. Although globalization is usually associated with positive outcomes, it may have negative ones as well. For example, when disasters happen on the world stage, the interconnectedness and flow between regions accentuates the problem. No disaster depicts this fact clearer than the Prestige tanker disaster. In November 19 2002, The Beaches of Galicia in North-Western Spain were covered in thick sheets of heavy fuel oil known as Crude oil 4 (Gimenez 1). This was part of a twenty-one ...

The abstract

Like many other countries in the Middle East, Saudi Arabia has the access to the crucial natural resource – oil. But unlike some of its neighbours, so far it has been succeeding in making most of it – the country is not drawn into political troubles (Jones, n/a) and is relatively rich. Despite international criticism related to violation of human rights (the country is one of the world leaders in terms of enforcement of capital punishment), generally, Saudi Arabia is doing relatively well in both economic and political terms. This purpose of this paper is to provide regression model that estimates ...

Romania is a country that is located strategically in Southeastern Europe. According to the CIA world fact book, it has a GDP of $186.5 billion and an annual growth rate of 5% as per 2016. It has a Purchasing Power Parity (PPP) of $441 billion and GDP per Capita of $22,300. Romania has a population of around 19 million people.
A comparison between the communism era which lasted up to 1989 and the post-communism era upon introduction of a free market economy indicates that there has been a higher growth rate regarding trade. For instance, its Foreign Direct ...

In the research, the broader question that will be the foundation of the study is “Why did the U.S. invade Iraq in 2003?” However, the narrower question that was derived from the broad topic concerns the role of geopolitics in the Iraq invasion. For this reason, the question that the research topic will seek to answer regards geopolitics in the U.S. and how this political concept contributed to the attack. The research question will first define geopolitics. Collin described geopolitics as the concepts of space, scale, network, territory, region, and place that influence international politics (17). Also, the author ...

Oil Prices Fluctuating In the Middle East

Introduction
Oil being a commodity is subject to high levels of fluctuations as opposed to the stable investments like bonds and stocks. In particular, Organization of Petroleum Exporting Countries (OPEC) plays a significant role in influencing the prices of oil across the globe. As a result, OPEC controls around 40 percent of the global supply of oil by setting the production levels that caters for the world demand and it can determine the prices of gas and oil by reducing or raising the levels of production.
At a particular point in time, OPEC vowed to maintain the prices above $ ...

Supply Chain of Big Mac

We all might wonder someday that where does our Big Mac actually comes from? McDonald’s has an enormous supply chain, which fills the needs of more than 69 million customers every day by serving them in over 36,000 restaurants situated in 100 countries. On an average, McDonald’s produces 75 hamburgers every second. This reflects that its supply chain is super-efficient. From farm to our serving plates, the supply chain of Big Mac involves a number of processes, which can be illustrated as follows;

Production Processing Distribution Consumption Disposal

The procurement of ingredients used in the production of Big Mac are outsourced ...

Imperial Oil, founded in 1880 is a giant petroleum producing company, with its headquarters located in Calgary, Canada. It is the second largest integrated petroleum company in Canada and has registered a phenomenal growth since its inception. Its operations consist of exploring and producing oil, manufacturing and distributing petroleum products for energy sources, producing chemicals for industrial and domestic use through innovative and sustainable technology. ( Annual report, 2016) reports a cash generation of $22 bn from operations only during 2010-2015. Its performance can be evaluated from the growing dividends paid to its shareholders in last 21 consecutive years. Imperial ...

The welfare of a country and its position among other world nations is hugely determined by its economic policy. Saudi Arabia is one such country with a consistent and stable economy and is one of the most important international players. It is the largest oil exporter among the OPEC countries, its de facto leader, an influential player among the GCC countries and the most important partner of the USA in dealing with Middle East issues. In this essay, the economic policies and exchange rate policies of Saudi Arabia are discussed in detail. Also the foreign investments and operations of ...

1. Introduction
The Organization of the Petroleum Exporting Countries – OPEC coordinates and unifies the policies among the oil exporting developing nations. The increase oil production has an impact on the supply and demand side and impacts the prices and incomes of the OPEC countries. The examination will answer the research question what are the effects of increased oil production in the OPEC countries with the focus on the Middle East member countries.

Problem

The Middle Eastern countries with the production of oil impact the international price of oil and also their incomes. The OPEC countries, which are among the biggest ...

Abstract / Executive Summary

Summary of Article
The minister from the United Arab’s economy reported that it is anticipated that the GDP of UAE will mark Dhs 1.6 trillion in the current year growing over 3.5%. Sultan Saeed Al Mansouri commented in an interview to the WAM (news agency), elevation in the growth rate evidence that the region is capable of maintaining economic competence and has gained sufficient success with the help of diversification. He further clarified that industrial zone of the UAE is continuously advancing and is positioned presently between 10%-14%. Additionally, Sultan Saeed delivered his expectation for the investments ...

South of the polar Northwest Territories’ (NT) barren tundra lies the province of Alberta. The Canadian boreal forest provides expansive acres of natural habitat landscape for an array of plant and animal species. Ecologically, the Albertan forests and bogs arrest vast quantities of carbon-based pollutants, and their extensive hydrological network filters and purify millions of gallons of water. The boreal is also home to Aboriginal Communities which depend directly on the forest resources for their livelihoods (Regional Aquatics Monitoring Program [RAMP]). Nevertheless, this immaculate natural paradise is central to one of the today’s most contentious issues about the ‘ ...

Sedimentary rocks are naturally occurring rocks with significant physical and chemical properties. They are of three types, namely clastic, chemical and organic. While clastic sedimentary rocks form as a result of consolidation of minerals or rock fragments, chemical sedimentary rocks form through the precipitation of minerals from solutions . On the other hand, organic sedimentary rocks form as a result of compression of plant and animal remains. Sedimentary rocks form near the surface of the earth and depend on the environment of their deposition and transporting agents. Some of the common examples of sedimentary rocks are limestone, conglomerate, sandstone, coal, ...

Evaluation Methods

The fluctuation in oil places has a direct impact on the economy of oil importing nations given that they highly rely on the imported crude oil to run most of their industries. To be specific, the change in oil prices directly affects the economic environment of India in more than many ways. Timilsina asserts that the techniques for evaluating the macroeconomic environment include examination of current account balance, evaluation of the fiscal deficit and oil subsidy, analysis of the rupee exchange rate and inflation rate analysis (2015).

Variables to be evaluated

India imports an estimate of 80 percent of its energy resources. It ...

The US inland waterways have been a mainstay in domestic shipping since the founding of the nation some 238 years ago. The way the country uses its inland waterways, the great lakes and rivers will have far reaching effects into the future. There are many different perspectives one could take on the use of the system. One could feasibly look at the economic effects, environmental effects and the effects on the country as a whole.

The United States is one of the largest and most diverse countries in the world in terms of wildlife. Everything from desert climates and tundra exist ...

Importance of logistics management and globalization

Introduction
Logistics management is an important part of any manufacturing company’s success rate; it basically controls and manages the movement of goods from one place to another, via rail, sea, air or road. Logistics management is that part of the supply chain management that plans, controls and implements the effective, efficient forward and reverse flow and storage of services, goods and necessary information between the point of origin and the point of destination, in order to meet the client’s requirements (Importance of Logistics, 2012).
In simple words, if an Indian company wants to buy capital ...

Abstract

All gas in the Qatar passes through National Grid’s national transmission arrangement on its way to consumers. The owners and operator of gas transmission substructure in Qatar, work with other companies to make sure that gas is obtainable where and when it is wanted. In Qatar Gas flowing that comes from higher to lower pressure is looked at as being the fundamental standard of the natural gas delivery system that involves, pipelines, gas stations. The essay explores the connecting of gas from the natural source such as bottom of the sea (Offshore) and underground (Onshore) to the transmission ...

The gridlock between the young and old generations has caused the public policy in DC to freeze (Bouie, 2014). The Congress is made up of both the young and the old generations. The Republicans make policies that target the older generation, while the Democrats make policies that target younger generations. The old generation tends to be conservative, and prefer to maintain their culture. The young generation is liberal, and gathers a lot of information through social networking. The young generation is dynamic, and uses current information to make decisions that are for the good of the environment. The public policy ...

- Explanations
- Food miles and 100-mile diet
A 100-mile diet refers to a diet that consists of foods raised and grown within 100 miles of a dinner table (Tancock). Usually, food travels some 1,500 miles before reaching the dinner table in North America (Tancock). The traveling miles are called “food miles” and affect the environment, quality of food and farming practices. Food miles increase carbon emissions through the numerous planes, boats, and trucks involved in the transport of food materials. In addition, food miles promote unsafe agricultural practices because the consumers are unlikely to visit the farms ...

Emphatically, oil is an essential product in the entire universe. The mentioned product swanks upon human dependence coupled with the sole drive of myriad economies. Oil prices significantly impact on the country’s economic expansion. Consequently, it is vital for oil producers to consider the cost of production. The cited cost, adversely dictates innumerable populace utility on the valuable product. Worth mentioning, the current news on oil prices is out rightly encouraging. The paper endeavors to explicitly highlight on the current information regarding oil prices.
Prevalently, oil prices have significantly reduced. Myriad factors have instigated the mentioned fall ...

Saudi Arabia Economic Issue

Oil Sector and its Challenges
Saudi Arabia’s economy is oil driven where the oil revenues account for 45% of the gross domestic product and 90% of the export earnings (Ashwin, 2012). The nation is a major exporter of oil in the world market and thus in the past have experienced a big influence as a world player in the oil market (Ahmad, 2012). Its influence in the world market is sponsored by several factors such as a long-standing and complex oil industry, a very strong financial position, a wide and high-quality petroleum base in addition to strong geopolitical relationships. Its oil reserves have an approximate ...

Background

British Petroleum (BP) is an oil company based in London, England that has business operations in more than 80 countries. With the production of approximately 3.8 million barrels of oil per day and more than 22,000 service stations, BP is considered the fourth largest global company in terms of revenue (Reuters, n.d.).
However, BP is also responsible for causing the worst environmental disaster that is attributed to oil and gas companies. On April 20th 2010, the Deepwater Horizon Rig in the Gulf of Mexico exploded. The explosion killed 11 people and the drilling rig proceeded to spill ...

In the article titled” Optimism on GCC-Singapore free trade deal despite lower exchange”, they talk about increased partnership between Singapore and Gulf Coast Countries. Against the background of decreasing trade, they have just signed a free trade agreement. This agreement lowers the tariff for goods prepared in Singapore, and give GCC preferential treatment in latter’s industrial sector. In specific terms, Singapore has inspired Abu Dhabi’s economic development, and latter’s national oil company has upgraded its representative office in Singapore. This is an important development as Singapore is positioning itself as gateway to Asia; and UAE is positioning ...

Hook: China is a country located in East Asia and has an area of 9,596961 square kilometers. United States is a country located in North America and has an area of 9,826675 square kilometers. The People’s Republic of China has led in civilization majorly arts and sciences and outpaced most countries in the world. Under the leadership of Mao Zedong, there has been an autocratic socialist system to ensure China’s sovereignty. Consequently, the Chinese government imposes strict rules and censorship to its citizens. In the early 20th Century, the leaders of China focused on new ways of ...

Introduction

The term financial crisis has been used broadly to several situations whereby some financial institutions or assets face a sudden loss in a huge part of their value. The 19th and 20th centuries have encountered bank panics and recessions (Kindleberger & Aliber, 2005). Other situations related to financial crises include stock market crashes as earlier witnessed in the United States and bursting of financial bubbles, sovereign defaults and currency crises. What has been considered as the global financial crisis began in the United Kingdom and the United States of America following a significant standstill in the global credit market in July 2007. However, ...

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Business

Tar sand oil reserves are currently one one of the most popular topics in the field of energy as well as environmental protection. Tar sands in Canada (Alberta province) may turn into a new economic miracle and contribute enormously to wealth generation and prosperity of the nation. It is predicted to bring the country as much as 3 trillion US dollars over the next 25 years. The economic potential is enourmous, although it is being accompanied by a range of drawbacks of economical, political and environmental nature. The current conflict between the ...