Essays on Crude

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 ...

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 ...

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 ...

Abstract

The separation processes in industry are a common practice especially in the developed countries as well as in the developing world. As a result, it is a good step to improve the separation techniques to ensure a better process for the production of the finished commodities. The classification of the distillation columns and the packed bed columns together with an analysis of their ability to perform efficiently in the industry is vital. Therefore, the paper entails an analysis of each group of distillation columns, taking into account their ability to carry out their duties, as well as the reason ...

Question #1

Hazards posed when one interacts with hazardous materials available at the refinery and related facilities, including the by-products, incident fire and release of acidic gas. Crude oil consists of petroleum hydrocarbons. When the products are discharged into the environment through leakage, spillage, or combustion; physical, chemical as well as biological activities occur. The aliphatic compounds in crude oil react with oxidizing compounds like nitric acid, oxygen or heat; they burn to generate carbon II Oxide and water. Sulfur in crude oil burns in air to produce sulfur dioxide. At about 400 – 500 ppm, exposure to sulfur oxide is considered ...

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, ...

The aim of this memo is to give a brief portrayal of supply chain design and its advantages. Nowadays, SCD is the management incline in the market used to accomplish upper hand. Supply chain is considered to be an incorporated business process that includes the cooperation of various business bodies including providers, manufactures, distributors, and retailers, to procure crude materials, change over the crude materials into the completed product, and convey them to retailers. Supply chain management, is the administration of all exercises to satisfy a request for a made good that outcomes in fulfilled clients. SCM incorporates the ...

1. Introduction Cutting cost has become a priority for many oil companies in recent years. The discussion covers the reason why oil companies are cutting cost and the means that management in oil companies are employing to cut cost. 2. Why oil companies are cutting cost? Oil companies are cutting cost in response to the radical drop in oil prices in the last two years. From 2011 to 2013, the price of crude oil was above $100 per barrel. In 2014, prices dropped to below $100 per barrel but above $90 per barrel. By 2015, crude oil price fell ...

Introduction

It is evident that the early biological theories on criminology seemingly adopted a one-sided inclination to the Darwinian views of evolution. The theories downplayed other social and economic factors that trigger an individual to adopt a deviant personality. Later, sociology came forth providing irrefutably challenging evidence that evolution alone was not a factor that triggered a criminal character, but the influence of the society through its subcultures as a factor that affected the future decisions of an individual (Crawford, 2013).

Life-Course and Evolutionary Neuroandrogenic Theory

The life-course theory is an investigative paradigm that looks into the influence that early events of an individual life ...

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 $ ...

The demographic transition model and how it was developed by the demographers

Demographic transition is a model describing change in population over a particular period and it is based on two demographic characteristics; birth rates and death rates. The model was developed by Warren Thomson, an American demographer, after observing experimented changes of various countries’ birth rates and death rates over the last two decades (Wilson, 2007).

Four phases of demographic transition model

The four phases of demographic transition are; pre-transition, early transition, late transition, and post transition. During the pre-transition phase, population growth is described to be low. Crude death rates are higher than crude birth rates and so population is declining. During the early transition ...

Imperial Oil is a giant Oil and gas producing company based in Calgary, Canada. It is the second largest integrated petroleum company in Canada and has employed profitable strategies which stimulated its growth since its establishment in1880. Its operations include exploration and extraction of oil and gas, manufacture and distribution of petroleum products, production of chemicals for industrial and domestic use through innovative and sustainable technology. It has been paying dividends to its shareholders for 21 consecutive years. The success of IOL can be attributed to the efficient deployment of its resources, capitalizing on its strengths and using the ...

ANALYSIS AND FINDINGS

3. Analysis and Findings 3.1. Introduction 3.2. Analytical Tool – Regression Multiple regressions are performed to assess the relationship of single independent variable i.e. crude oil prices (on Brent benchmarking) with all four dependent variables including Indian GDP growth, Indian Balance of Payments, Exchange rate between INR and USD, and the inflation rate in India. 3.3. Measures for Independent Variable – Crude Oil Price Crude oil is the most commonly traded commodity in the international market. Crude oil price stands independent variable in the underlying study, and same is considered for this purpose of analysis. The Periodic time frame for change ...

Saudi Arabia is the world's largest exporter or crude oil, with the country exporting 68% the product to the Asian market. The nation enjoys a market share of 40%, enabling the government to fund a significant proportion of the budget from oil revenue. Consequently, Saudi Arabia was able to accumulate vast financial reserves in the years preceding the current low oil-prices when the price per barrel stood at $120 (Baumeister, & Kilian, 2016). However, the state of affairs has changed in the last couple of years following the drastic decline in oil prices. As a result, the country has experienced ...

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 ...

Introduction

According to Alexander (2014), the oil sands of Alberta have around 1.7 to 2.7 trillion barrels of bitumen reserves. The recoverable oil resource in Canada is second only to that of the leading oil producer, Saudi Arabia. The vast oil reserves are capable of supplying Canada’s energy needs for over 500 years. Presently, nearly 40 percent of Canada’s oil production is generated from the oil sands (Alexander, 2014). They comprise mainly of bitumen mixed by sand and water. Alberta’s major oil sands are located in Cold Lake, Athabasca, and Peace River. Different deposits and areas have ...

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 ...

Literature Review

It is found that oil prices have undergone critical decline over past couple of years for several reasons at the bottom of this decline. However, reducing demand triggered by increased production of oil in USA, over production by OPEC, and shift towards renewable sources of energy is considered the most fundamental reason behind current downtrend of oil prices. It conforms to the simple theory of demand and supply according to which demand and price are in positive, while price and supply are in negative relationship with each other (Stafford, 2015; Scott, 2015; Goldenberg, 2016; Arnold, 2008; Hensher, Rose, & Greene, ...

____________ University

Introductory remarks

Alberta oil is one of the largest oil fields in the world. According to Simon Dyer, “The Canadian oil sands are the second largest proven oil reserve after Saudi Arabia” (Dyer, 2009). The commercial development of the Alberta oil sand had begun in the late 1960s. By the time World War I had arrived, and after the war was over, Canada was almost entirely dependent on oil from foreign countries. Canadians, after the war, began to wonder if the nation had any oil resources of their own. This interest led to the creation of the Alberta Research ...

Introductory remarks

With the depletion of crude oil deposits across the world becoming a reality with every new day, the world has been forced to start looking at alternative sources of oil. One of these unconventional sources of oil is the bitumen oil found in oil sands. Canadian oil sands have been identified as the second largest oil reserves in the world after those in Saudi Arabia. Most of these oil sands are found in the province of Alberta. These oil reserves are estimated to be an approximate 175 billion barrels of bitumen and sit across an area of 140,800 ...

Colonization is a process in which imperial power systems dominate a region and its components. It features, among other things, cultural domination, political subjugation, religious assimilation and economic exploitations. The colonists used these measures as tools of winning control of the helpless people. Colonization has a close link to massive exploitation and assimilations of new cultures and it further involves actual or threat of use of force. The colonizers were formidable icons and commanded loyalty through aggression. In light of colonialism, established cultures disintegrated. On the case of Britain emperialism,Tarique noted that, “as one of its legacieshas been ...

Influence of the Organization of the Petroleum Exporting Countries (OPEC) 2

Economic growth of countries outside the Organization for Economic Co-operation and Development 4 Bric: Brazil, Russia, India and China 5 Trade between non-OECD countries 5 Climate Change Policy 7 The greenhouse effect 7 Strengthening the greenhouse effect 8 Global climate change 8 Oil reserves in the world 10 Influence of the Organization of the Petroleum Exporting Countries (OPEC) OPEC long ago lost its hegemony in the world oil market but remains a major influence on prices against the formidable challenge of US oil shale. OPEC decided she decides to continue producing in abundance not to give more ground to ...

Executive Summary

Fossil fuels are the predominant source of energy for industrial and transportation consumption. It is however expected that in a few more decades, fossil fuels will have lesser role to play than non-conventional oil and gas sources and renewable energy sources. This paper presents an overview of some of the socioeconomic factors that are driving the global oil industry and their implications for the UK industry. Four key influences are studied to understand the implications for the industry in terms of economic and environmental factors. The steady influence of OPEC is a significant factor in the pricing of crude ...

In an article entitled, “One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society,” Kevin Roose reports on his experience of infiltrating a party for members of Kappa Beta Phi, “a secret Wall Street fraternity” (Roose, 2014). In writing a book about young Wall Street executives, the author was curious as to the behavior of older, successful Wall Street executives. When he learned of the exclusive fraternity for Wall Street executives, Kappa Beta Phi, he thought that he'd like to visit one of its meetings as a part of his research. This ...

1. Introduction This section defines a systematic approach using tools and techniques of research to carry out a research project (Jha, 2008; Kothari, 2004; Newman & Benz, 1998). 2. Research Approach The research aims to base the underlying study on quantitative approach for data collection. Quantitative methods will be utilized for the collection of theoretical data? A statistical analysis (linear regression analysis) will be conducted to achieve this purpose with the help of the secondary quantitative data relating to chosen economic indicators in India. Past studies can also have some numeric information and inference as well. This way, the study ...

Saudi Arabia, being the largest Arab nation both in physical size and the size of the economy, was ranked as the 15th largest exporter and the 20th largest importer in the world in 2014. The country is ranked high in the foreign trade market because of its great participation in the global market. Shoult (2006) argues that, being the largest economy in the region, Saudi Arabia plays a crucial role in the Arab world economy, accounting to more than 25% of Middle East’s G.D.P (Gross Domestic Product). The nation’s strong economy and a rapid economic growth rate ...

Question 1: What drives the basic economies of the airline industry? The refining industry?

The revenue side of the airline industry is driven by the amount of passengers an airline can carry per flight. A common index is the percentage of filled seats: if it is low on a flight, that flight may be unprofitable. Fuel costs may represent 30 to 50% of total operating costs in the airline industry (Grassbaugh, 2013). For the refining industry, the cost of crude oil is the major driver (Grassbaugh, 2013). Hence, when the price of crude falls, refining margins tend to rise.

Question 2: How is Delta different from other airlines?

Mallikarjun (2015) posits there are so many competitors in the American airline industry, that ...

I have researched an article «$20 is the new $40», which discuss the changes in prices oo the oil market at the beginning of 2016 year. The energy, obtained from burning oil, is the main driving force of the economy today. Economic growth and oil prices move unidirectionally, and the slowdown in global economic growth is accompanied by a fall in world oil prices. Oil supply in the world market depends on the demand for oil products and, accordingly, the factors that form the demand. At the same time, the volume of supply (production) on oil is affected by ...

Electrophilic Aromatic Substitution to yield 4-Bromoacetanilide

Introduction Halogenation is a common process in organic synthesis. It is used in industrial and research synthesis as halogenated compounds are used for numerous widely used goods, including plastics. The lab aimed to perform monohalogenation of acetanilide. The reaction is specific since it is performed without catalyst. The typical halogenation is realized in presence of Lewis acid. Halogens molecules are electrophilic, and do not actively react. In presence of Lewis acid, the interaction is rather active.2 The lab used catalyst-free halogenation. The acetanilide molecule contains the acylated amine. As a result, the electronic density is shifted towards the amine ...

Introduction

The Middle East id the motherland of all the petroleum products in the world that comes in the form of crude oil undergoes fractional distillation and hence refined in various industries to get the petroleum products. Pollution involves the interference of either the soil, air, sound or even water. Some of the causes of pollution in the region are as discussed below. 1. Air Pollution The air is affected by the emission of the exhaust fumes from the industries, facilitating the drilling of oil. (Shuval and Hassan 14) Air pollution is also facilitated by the emergence of some of ...

Internal analysis of Enbridge Inc.

Introduction Enbridge Inc. a distribution and transportation of energy company operating in the United States and Canada. The company is divided into five segments to facilitate its operations and achieve its long-term corporate objectives. The sections include Liquids Pipelines; Gas Distribution; Sponsored Investments and Corporate and Gas Pipelines, Processing and Energy Services (Finance.yahoo.com, 2016). The company operates a common carrier through the Liquids Pipelines segment by contrasting natural gas liquids, refined products, and crude oil pipelines as well as terminals. The Gas Distribution Segment is a natural gas utility serving industrial, commercial and residential customers in Quebec, New York, ...

Abstract

Environmental pollution is among the hotly debated topics in the field of environmental studies. Contamination of this kind ranges from that of water, soil, and air. Industrialization and large organizations have been reported to be the primary sources of pollution across the world. Chevron, a leading multinational energy corporation, has in the recent past been accused and charged for heavy soil and water contamination through oil spills. Such environmental pollution has substantial consequences on the human health, safety, and well being. Van Duzer et al. (2015) assert that one of the most affected nations through the company’s activities ...

Letter of Transmittal

Richard Albert Sylvester Management Consultant Lamplighters Corporation Ottawa K I P 5B5 Phone: 613-563-1509 www.lamplightres.ca The Right Honorable Justin P.J. Trudeau

Office of the Prime Minister

80 Wellington Street

Ottawa, ON K1A 0A2

RE: Project Suitability Report on the Proposed Trans Mountain Expansion Pipeline Project Dear Right Honorable Prime Minister, It is with great pleasure and honor that I submit this report on the suitability of the proposed Trans Mountain Expansion pipeline project. The Trans Mountain Expansion pipeline project proposal by Kinder Morgan aims at increasing the current capacity of the existing Trans Mountain oil pipeline. Currently, the existing infrastructure has a capacity of 300,000 barrels per ...

Company Overview

Enbridge is primarily an energy delivering company, supplying energy across Canada and the U.S. It boasts of the biggest crude oil and liquids supply system worldwide. Other industry-related businesses of Enbridge include natural gas stocking, transmitting and midstream. It is also into generation of renewable and alternative energy, including solar, wind and geothermal energy (Enbridge, 2016). When stating its mission, Enbridge uses clear words, describing its core values of integrity, safety and respect. It lays stress on environment, health and safety, based on safety principles and life-saving norms by underlining these values. Informing about its 65 years old record ...

Oil is one of the rare mineral commodities that sustain livelihoods, transportation and industrial processes across the world as one of the major sources of global energy. It is mainly produced by countries located astride ocean floors and also desserts, mostly Arab states in Africa, Asia, and some parts of Europe and Americas. In its crude form as a naturally occurring substance, it is found embedded in particular rocks on beneath the earth’s crust. It is from these crude oil that more refined petroleum products such as gas oil, naphtha, gasoline, kerosene, liquefied petroleum gas and petrol are ...

Are the GCC companies still financially and economically strong after the recent fall in oil prices?

GCC market and economy: The Gulf Co-operation Council companies are formed by countries like Kuwait, Bahrain, Qatar, Saudi Arabia and UAE. Since its inception in 1998, the growth rate of its GDP has increased. Similarly, the population in these countries also shows a steep increase. The main revenue of GCC countries was generated through the export of oil and gas. Prior to the discovery of shale and crude oil reserves in U.S, Canada, and Europe; GCC group of companies was the main provider of oil to markets in North America, Europe and Asia. GCC has amassed huge foreign currency ...

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 ...

Based on the OPEC website (n. p.) the countries with the lowest industry margins, which indicates the profitability for companies involved in retail oil sales are countries of the G7, which have on average lower industry margins as the countries in the OECD. In comparison the average industry margins are lower in the countries of the United Kingdom, Italy, Germany, France, Japan, Canada and United State of America, but also among those there are differences. In Italy, Germany and France the net margins are the highest and in the United Kingdom, France and Canada the lowest.

The high and low prices for a liter of oil have an impact on the consumer behavior

and investment in ...

Introduction

Over the last one year, the global oil price has declined rapidly by approximately 50 percent. The drop in the oil prices may have largely been as a result reduced global growth prospects. Analysts argue that the rise of the U.S dollar in relation to other currencies played a significant role in the oil prices decline (Energy Information Administration, 2014). The decrease in the global oil prices has led to a significant impact on the U.S economy. In essence, the price drop has reduced the cost of living while increasing the real consumers’ incomes. The real income gain has ...

Oil and natural gas are the two primary types of fossil fuels that the world relies on for energy and also for various other products. Crude oil and gas are mined beneath the earth’s surface where they formed a long time ago. The products origin can be traced back to the remains of animals and plants that existed millions of years ago as marine life. The living materials die and sink to the sea floor where they pile on top of each other. The successful conversion of the remains into oil or gas is only possible if the ...

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 ...

Article #1:

The article focussed on the breeding behaviours of emperor penguins that are recently discovered with the help of satellites. Mostly it is believed that penguins lay their eggs on sea ice that is fast and stable and that remains intact under the chick fledge. Fretwell and co-workers conducted this study on forty-six colonies emperor penguins. The recent observation revealed that few colonies of emperor penguins breed on ice-shelves instead of sea ice. Due to rapid climate changes and the incidence of ice melting the penguin population has declined and very close to extinction. It is a big concern that ...

Introduction

Industries in West Virginia have violated the state-issued permit of pollution by releasing toxic substances such as coal ash and selenium into the local water supply. In addition to the threat toxic substances like coal ash and selenium pose to the health of the community, toxic water destroys the environment and destabilizes the local ecosystem of the areas impacted by such pollution. West Virginia Department of Environmental Protection (WVDEP) was formed as a guidance tool to aid persons to know when it is environmentally secure to withdraw water from the stream. This judgment is built on percentages of yearly ...

Introduction

The conversion of gas into liquid fuels is an innovative technology that is well-known to many people. This technique is so promising and enhancing new options for environmentally friendly manufacturing of fuels and chemicals as well as other natural gases. Looking into the large natural gas and coal reserves and deteriorating petroleum reserves all over the world, it is anticipated to play an important role in the future. Cobalt-based chemical agents are the ideal catalysts for hydrogen synthesis since they have a high FTS functionality, discernment for long-chain paraffin as well as a low process for the water-gas change ...

Introduction

Resource curse has been one of the most debated economic issues for the past four to five decades. Indeed, it refers to a theoretical approach that connects certain indicators of a country’s economic growth to its reliance on natural resources such as oil, gas, and minerals. According to a general belief (termed as ‘resource curse’), the countries that are rich in natural and non-renewable resource are characterized by lower levels of democracy, economic growth, and development as compared to the countries with less or no reliance on these resources (Sachs, and Wartner, 2001). On the basis of the ...

. According to Frayn Florence was one of the main sources of the renaissance (9). The city was armed with wealth that was created by a strong trade of Wool and an efficient banking system. In essence, Wool industry in Florence Italy was known to uplift many banking institutions for many years in Italy for many decades. The investment made on the textile industry specifically from wool carried over 10% of the industry. Beyond any doubt if similar to Weber or Sombart, one wishes to describe the period as a sort of financial structure, in correlation with the kind displayed ...

Dat

Stock Research: Oneok Limited About the company Founded in the year 1906, ONEOK Inc. is a diversifed entity that is engaged in gathering, processing, storage and transportation of Natural Gas in the mid-continent areas of the United States. The company operates through natural gas gathering and processing, natural gas liquids and natural gas pipeline segment. The company is a mid-stream energy pure play company that owns 32% in Oneok Partners and thus, the effective control over the partner company and its cash The company is also one of the largest limited partnership involved with natural gas industry.

Oneok Limited is headquartered in Oklahoma and is listed on NYSE under the ticker symbol of ‘OKE’.

Alarming Financials ...

This paper will cover oil price dynamics for the period starting from 2005 until the present moment of time. Exact price dynamics will be considered as well as a variety of factors influencing the oil price through the above mentioned period of time. The chart showing the dynamics of crude oil barrel price since 2001 is presented in fig. 1. Figure 1. Dynamics of crude oil price per barrel for the period between January 1, 2001 and April 19, 2016 (Trading Economics, 2016). Before the period, which is the subject of this paper, the oil price had been nearly ...

How the Economic Effect the Population

Population growth and economy are factors that must be considered for planning reasons. The last century saw growth of human population that was majorly because of improved health and various scientific innovations. Currently, the world population stands at 7 billion people. This is a great number that sustainable and effective economic activity must be pursued to help meet the demand for food. Generally, it is agreed that with increased in good economic outlooks of different countries, the general population will rise. There are different countries that have proved this trend right especially countries within Asia such as China and ...

Introduction

Concerns with avoiding the adverse consequences of Global Warming and the effects of Climate Change has increased significantly over the past decades (Deutch et al.). The leading economies such as the United States are still reluctant to adopt comprehensive climate change policies despite pledging to do so. Nor has there been an agreement with the emerging rapidly-growing economies such as India, South Korea, China, Indonesia, and Mexico on the mechanisms to adopt Greenhouse Gas (GHGs) emission constraints (US Energy Information Administration [EIA]). With Global emissions of GHGs projected to continue to increase, there is the added urgency to not ...

Saudi Arabia, the birthplace of Islam is the largest country in the Arabian Peninsula. It has been an ancient trade center. Trade was considered crucial for the development of the country in the earlier period. Different trade routes were developed to transport agricultural goods. Saudi has emerged from an agricultural society into a diversified economy and is at present the world’s largest oil producer. Increase in oil exports, helped the country to build basic infrastructures and also improve commerce and industry. This resulted in an economic transformation and progress to become a fast developing country in the world. ...

Energy is one of the most important components of our day to day activities. Gasoline, diesel, kerosene, propane and other products are extracted from fossil fuels through a number of systematic processes and are used to drive automobiles, aircrafts, ships and trains. Despite their importance, these fuels lead to the emission of greenhouse gases into the atmosphere and results in global warming, which has been on a steady rise for quite some time. A few Economic Crises have occurred in the recent past due to depletion of oil reserves. The latest brands of hybrid and electric cars are the ...

The key insight for the decrease of commodity prices for products such as crude oil is that such prices decreases occur with respect to economic fundamentals but not ceteris paribus. This paper explicitly explores the general causes and effects of price decreases for crude oil as well as highlighting the aspect of demand and supply behind this. The basic cause of price decreases boils down to the economies of demand and supply. Basically, the price of crude oil is determined by demand and supply curve as indicated below: When supply for oil increases, the supply curve shifts from left ...

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 ‘ ...

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 ...

1.0 The Company and Its Products Royal Dutch Shell PLC (Shell) is a public limited company, founded in 1907 as the Royal Dutch/Shell Group and registered in England and Wales with headquarters in The Hague, the Netherlands (Shell, 2014a, p. 9). After it was renamed in 2005, Shell became the single parent company of two publicly-traded subsidiaries: the Royal Dutch Petroleum Company (RDPC) and The “Shell” Transport and Trading Company (TSTTC) (later renamed as The Shell Transport and Trading Company Limited). RDPC handles upstream and downstream production activities, while TSTTC handles transportation and trading. In the upstream segment, the ...

Introduction

Since the mid XX century, the oil industry occupies a leading position in the global energy sector. A prerequisite for the implementation of large-scale long-term investments in the oil industry under the condition of a favorable outlook for oil demand in the world market is the availability of relevant geological reserves of oil in a particular region and the world at large. OPEC-countries account for over 40% of world oil production. Especially, the Middle East, particularly the Gulf basin, where there are the largest oil fields in the world, is rich for oil reserves (OPEC, 2015). Oil is extracted ...

Article Summary

The world has seen unprecedented fall in the price of crude oil in the last two years. The fall in the price has been triggered from both demand and supply sides. On the demand side, the move towards more energy efficient vehicles or towards electric cars which are less polluting, have played a big role in reducing the demand for gasoline. The increased investment in research and development for oil exploration has resulted in the discovery of more oil reserves. The US Shale production and discovery of oil reserves in Canada has increased present and potential supply of crude ...