Essays on Gas Prices

1. The fuel industry in California cannot run without gasoline as the main energy resource. The moment when refinery and pipeline mishaps raised the wholesale prices to their maximum, the gasoline stations could not operate their business properly. Most of the experts explain this sudden price increase with the power outage of the state’s 14 refineries which produce the state’s cleaner-burning gasoline for the local stations (White & Castellanos 2). In addition, there was also a fire at Chevron Corp.’s Richmond refinery, which led to the temporary fall of one more fuel production enterprise in the state ( ...

Decision-making process is very important in every business. There are such decision-making criteria as: risk, certainty and information. Before making any decision the manager should check it by these criteria. At first he should check whether he knows all the information about it, maybe he had missed something. Then he should take the risk of the decision and be certain of it. It is not easy to make a decision but if the person acknowledges the risks, he will succeed. Every business is associated with the risk and it is easy to check if the person is ready to ...

The knowledge in economics encompasses a wide array of topics that involve different economic activities, such as the ones that influence the government in carrying out regulations on gasoline prices as well as imposing a price floor in relation to the minimum wage. In this discussion, different economic scenarios will be presented along with the possible outcomes of each. In addition to the provided situations about the price ceiling for gasoline and price floor for minimum wages, other economic events will be presented, such as the possible gains and losses of international trade and the possible outcome once the ...

Introduction

Under a merger, two business entities come together and become a new business with a new name. On many cases, the mergers bring together firms, which are equal in size and stature. On the other hand, an acquisition involves a larger and more powerful company buying another business; a smaller business. The purchased business may be fully absorbed by the parent company or in some occasions, may be operated as a subsidiary. The use of mergers and acquisitions may take place during any economic environment meaning that it may take place when the companies involved are both performing well, ...

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, ...

Oil Search Limited, established in 1929 in Papua New Guinea has its focus on oil and gas exploration and development . During the course of this long standing relationship with the Government of Papua New Guinea and its people, the company has shown immense commitment in ensuring the welfare of the country and its people through various societal benefit programs. This report focuses on Oil Search Limited; various corporate responsibility programs initiated and implemented the company, and the company’s risk management framework and infrastructure.

Company Overview

Among the various projects, the main asset of the company is its 29% stake in ...

Abstract

This memo describes the understanding of how to make important decisions. First it addresses the description of three criteria in detail that determine whether the manager is making good decisions and what should be done to better assure that the manager making a good decision. Then there will be given one of the Big Four Company’s project manager example as a good decision-maker. In conclusion there will be discussed the accuracy of business assumptions of automobile manufacturer and airline company.

How To Make Important Decision

There are managers with different levels and functions in every organization. However not every manager is a good ...

The prices of oil globally and indeed locally have been fluctuating over the past years. In some instances, the costs would decrease while in other cases increased due to various reasons. This paper focuses on the cause for the sky-high prices in California according to Finley 2015 article. Finley argued that Americans were, in general, enjoying cheaper gas process due to the shale oil boom across the USA. Finley noted that the national average price had dropped by 25% to $2.76 a gallon in a year. However, that was not the case in California. In the Golden State, the ...

Impacts of Pollution on Wildlife

Introduction Impacts of pollution on wildlife has been a controversy and a contradicting issue since it has been experienced in the world and specifically in the united States of America for a long period of time. There are environmental laws which are hard on some manufacturing and production industry in North America and this makes them to be held responsible of various wildlife cases. The environmental laws in the United States of America have enacted endangered species Act in which it is a general rule which has held several companies responsible of the reduction of Wolverines in Montana glacial ...

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 ...

Introduction

Domino's is one of the biggest Pizza business in the USA with a turnover of over $220 Million and over 10000 branches worldwide and 20,000 employees. For such a massive business venture it is crucial to prepare a BCG matrix, Grand strategy matrix and a QSPM for analyzing the best business strategies to steer its growth and earn profits.

BCG matrix for Domino’s pizza

As Melton, Dave, and Tim (67) wrote in their journal; the BCG matrix is a portfolio planning model for businesses that is done by modeling a company’s portfolio into four classes: Stars, question marks, cash cows and dogs. ...

1.0. Introduction Russia is rated among some of the most developed and fastest growing economies of the world. The country is enriched with natural resources of which oil and gas are the most worth mentioning (Alexeevand Weber, 2013). This paper sets out to investigate into the growth of Russian economy. Initial section aims to briefly overview the current trends relating to GDP growth, which is followed by the identification of chief characteristic of economy (i.e. overheating or unemployment). In a later part, the impact of economic downturn encountered a few years ago on the Russian economy and the government’ ...

Introduction

OPEC, or the Organization of the Petroleum Exporting Countries, is an organization that was formed by Saudi Arabia for the purposes of creating a global body for the general oversight of the oil industry. Prior to the formation of OPEC in 1960, the global oil market was much less fully integrated, and countries that produced oil were able to largely behave in their own self-interest without concern for the other countries of the world. Because there are only thirteen countries that are responsible for approximately 40% of the world’s oil production, cooperation between these countries became important as ...

Research Report: Company Case Study and Industry Analysis

Research Report: Company Case Study and Industry Analysis

Part 1- Applied Supply and Demand Analysis

1.1 Company Overview The current decrease in the overall gasoline prices has struck many great organizations, but the impact on Truck/SUV, and car sales is drastic. Many automotive manufacturers and producers have launched new manufacturing units for the alternate fuel vehicles and the decrease in prices has caused shifts in the overall demand for these hybrid and alternative fuel cars. The company chosen for the analysis is General Motors that are an American multinational corporation with headquarters in Detroit, Michigan. The company has thirteen brands including Alpheon, Buick, GMC, Chevrolet, Cadillac, ...

Inflation and its Impact on Gas Prices

Inflation and its Impact on Gas Prices The American economy has experienced several changes over the past two and a half decades. Since the 1990s, the economy has experienced rising and dropping levels of inflation, which has, in turn, resulted in uneven changes in the prices of different commodities including gas. The average gas price in 1990 was $1 per gallon and has been rising since then with the highest price of $3.53 per gallon being noted in 2011 (Avro, 2012). In between the years, the price has dropped but has not gotten to levels of as low as $ ...

Natural Gas in China: An Overview

This research paper delves into the prospects for the Peoples Republic of China’s gas market, its consequences for her needs, and the possible world’s effects of China’s natural gas policies.

All the way through 2020, China aims to carry out intense shifts in her energy outline. Accordingly, China’s natural gas represents is beneficial as it aims to advance towards a cleaner energy and to eliminate coal as a fuel. However, as the Chinese government continues to support the usage of ...

INTRODUCTION

Anyone who drives a car is well aware how important gasoline is to their day-to-day activities. Driving a car, which was once a luxury, is now a necessity for most people from sea to shining sea. Over the last decade, Americans have watched the prices of gasoline rise and have felt the burden of that increase on their budgets. Gasoline costs literally doubled and in some places tripled in price, making it more and more difficult for people to afford to drive the distances that their lives may require. This inability to drive can impact all sorts of areas in the American paradigm. ...

Section 1: Explain and discuss the various oil and gas price drivers and make a clear recommendation of the trend you believe prices will follow and why.

Economic cycles of boom and recession have a major impact on oil and gas prices. Demand for oil is significantly affected by the two economic cycles. The Department of Energy and Climate Change (2012) observed that studies have shown that there is a very close link between global GDP growth and oil demand. This link has been identified in various business cycles that have been identified as having a significant impact on economic growth. Business cycles ...

Introduction

TaTa Motors has been a successfully diversified car company in India since 1945. In 2012, they were the number one in revenue for Indian car manufacturers. They quickly lost ground though, and had lost even the number three spot by 2014. While the economy is partly to blame for some of the issues which caused TaTa motors to so quickly decline, there are many other issues which added to the bigger problem. The purpose of this paper is to define the problems which TaTa motors is facing, analyze their causes, and to make recommendations as to the actions that ...

- Introduction- To analyze Oil and Gas prices by understanding the basics of oil and gas, major event in past and important players in the oil and gas industry. - Key Points - Major Players in the Oil and Gas Markets. - Story of Oil and Gas through decades. - Decoding the pricing of Oil and Gas - What is the future of Oil and Gas? - Body of the paper - The major players that operate in oil and gas industry globally who have the political and economical clout to alter ...

Introduction

The effectiveness of advertising can be difficult to measure because there are so many different ways that advertising can be considered effective. Whether or not the advertising is effective also depends on the needs of the advertisers. Traditional metrics include sales, brand awareness, and a positive attitude toward the brand (Brenner, 1972). There are a lot of elements that can increase or decrease advertising effectiveness, including the media used to present the advertising and the type of message. For example, some messages are humorous, gender biased, creative, and multicultural. Modern advancements in technology have made digital media a huge part of ...

An Analysis of the Formulation of California Senate Bill 4

Chapter IV: Findings Introduction The research had the ambitious goal of identifying the political process that took for the passing of SB 4. The subject was especially interesting because hydraulic fracturing (fracking) has taken place in California for several decades. In this chapter, data collected about the drilling style in California was presented with an effort to include the variety of data available from viewpoints of different stakeholders and their support or lack of support for the duration of the legislative process. Fracking is a national as well as a state political issue. Both external and internal factors impacted ...

Introduction

The situation related to Russia and Ukraine is constantly evolving, and in order to understand the current circumstances, it is essential to go back to the roots for a better understanding. The conflict between Russia and Ukraine began when the Ukrainian administration decided not to sign the European Union in 2013, which was a political and trade agreement that would bind Ukraine to European values and principles. The crises moved on very fast, leading to demonstrations and regime change. Ukraine has always had a history of political and cultural divide. The East always cooperated more toward Russia while the West was always ...

Oil pricing tag wars are a sight to see yet it translates to inconsistent price alterations. In March 2011, gas prices rose up by almost 19% after a 16% bump from February 2010-2011. Net sales of gasoline, however, went from about 38,500,000 liters to 39,700,000 from 2005-2009 (Statistics Canada, 2014). Collusion of oil marketers and cartels have resulted in volatile gas prices in most Canadian cities. These cartels work together to maximize their profits at the expense of the consumer. A slight change in price may spark a tremendous ripple effect devastating the customers who cannot keep ...

An Analysis of the Formulation of California Senate Bill

Chapter 5 Discussion SB 4 is the first California law to address the issue of hydraulic fracturing or fracking for natural gas in California. The fracking method had been used in California for several years without any regulation (Freyman, 2014, p. 59). Therefore, the research studied the possible reasons the issue became a part of public conversation, and finally reached the agenda setting level of the California legislature. And, only that, the issue became law in California. Well simulation is the term used in SB 4 to describe three types of the procedure hydraulic fracturing, acid matrix stimulation, ...

Demand and Supply

Introduction The paper aims to answer four questions quoted here pertaining to demand and supply of oil and how it is driving the oil prices.

Question 1: How do changes in supply and demand affect oil prices?

Answer: Changes in supply and demand of oil significantly affect oil prices around the world, which is discussed in this section.

Effect of Demand on Oil Prices:

Oil demand is directly correlated with its price, other things remaining constant. The recent trend is such that increase in world over oil demand is putting upward pressure on its price. Globalisation, trade liberalisation and economic growth have resulted in higher oil demand. To a great extent, this growth is being support by ...

An Analysis of the Formulation of California Senate Bill 4

Chapter 3: Methodology California Lutheran University Chapter III: Methodology Overview The purpose of this research has been to focus on the decision making and agenda setting policy concerning the regulation of hydraulic fracturing to drill for petroleum products when California Senate Bill (SB) 4 was passed. Hydraulic fracturing has been used for many years in California, but this is the first time a bill has been passed to regulate the activity. The bill was passed in the assembly first and then moved to the senate where it was passed in the form of SB 4. ...

The Promotion of Mixed Income Neighborhoods in Hollywood, California

Chapter I: Introduction The facts are impossible to ignore: focusing on places, health and walkability requires increased public transit infrastructure, which creates new jobs, enlivens neighborhoods, creates local business opportunities and connects communities, both vulnerable and thriving, to vital amenities and resources. (Raphael &Espiau, 2010, par. 9) Transit-oriented development (TOD) is a neighborhood development plan focusing on easy access to major transit stops. The Federal Transit Administration (FTA) defined TOD during the 1990s when undertaking a project consisting of initiatives to promote livable communities: “Transit-oriented communities are characterized by design and development patterns that are conducive to the ...

An Analysis of the Formulation of California Senate Bill 4

CHAPTER IV This research has the ambitious goal of identifying the political process that took for the passing of SB 4. The subject is especially interesting because hydraulic fracturing (fracking) has taken place in California for several decades. In this chapter, data collected about the drilling style in California will be presented with an effort to include the variety of data available from viewpoints of different stakeholders. Fracking is a national as well as a state political issue. It has been assumed that both external and internal factors have impacted the policy process. Decisions made at federal government agencies have a ...

T. Boone Pickens is a Texas billionaire who made his money in oil and in corporate takeovers. He is a very vocal proponent of finding an energy plan for the United States (U.S.) to deal with the upcoming shortages in oil, as it is a limited natural resource. He communicates in his TED talk his alarm over the movement of enormous wealth from the U.S. to the OPEC (Organization of Petroleum Exporting Countries) nations with oil purchases and the negative impact this has on country security, requiring U.S. military forces to focus on keeping oil shipping lanes open. The central proposition of ...

The Metromover is an unrestricted mass transit train system which operates in Downtown Miami, Florida in the United States. Miami Dade Transit operates the automated train which serves Brickell, Downtown Miami, Omni and Park West neighbourhoods. It directly connects Metrorail at Brickell stations and at Government Center. The main purpose of the Metromover is to serve as an easy and fast way to commute within the larger Downtown Miami environs. Three loops and 21 stations make up the whole system. The location of the stations is roughly two blocks apart with all main places and buildings in Downtown ...

1. Brief History if Russian economic development and the role of nature gas in it. 2. Literature – the outlook of two articles with the relates topics, critical analysis of the authors point of view regarding the importance of nature gas owning by the Russian Federation in the geopolitical and internal policy. 3. Body: - The place of Russia among the largest gas owning countries. - The main Deposits locations of nature gas - Natural gas in the fuel and energy balance of Russia - The Russian nature gas market - Government support ...

Introduction

Microeconomics deals with individual firms and units’ decision making in an economy while macroeconomics addresses the greater national aspects. In that respect, this analysis seeks to demonstrate the functioning of both microeconomics as well as macroeconomics concepts by analyzing two current issues in the US addressed in two articles or the news and touching on such concepts. This is achieved by the analysis first explaining the problem as presented in the article and its possible causes. The analysis further explains the significance of the issue and its possible cause of economic fluctuations as well as its effect including benefits ...

Thesis Statement

The recent changes in economy, which appeared as a result of globalization, or emerging economic ones, among others, have affected the social rhythm and the business style for many people and companies entrenched in commercial activities or in traveling, as part of their lifestyle. These economic and social shifts impose significant demands on transportation within all types of modes (by motor and rail, by water, and by air), requiring for constant upgrades, so that the transportation means to be in accordance with the permanently demanding and competitive global economy. Such an aspect is related to capacity transportation. For better understanding ...

Introduction

Berkshire Hathaway Inc. is a major American holding company based in Omaha. Berkshire Hathaway owns several subsidiaries, which deal in different business activities such as property ownership, reinsurance, casualty insurance, energy, finance, utilities, manufacturing, retailing and services. Some of the company’s subsidiaries are major players in different sectors of the economy. For example, GEICO is one of America’s top auto insurers. Warren Buffet acquired the majority shareholding of the company in 1970. Currently, Buffet is the serving CEO and chairman of Berkshire Hathaway Inc. Warren Buffet has acquired several companies over the years and turned them into successful ...

Theoretical probability: If a person was to flip a coin, he/she could have a 1 in 2 or a 50/50 chance of landing on heads or tails. Another good example would be I used to play role playing games when I was in High School that used a 20 sided die. That would mean I would have had a 1/20 chance of getting any one of the numbers. This is theoretical because I do not need to observe the outcome to determine the results. I can just do the math. Relative frequency probability: I eat breakfast every morning. Four out of seven mornings I like ...

According to the Department of Energy, the consumption in the United States of oil products per day is twenty million barrels (Bonsor & Grabianowski, 2012). Out of this amount, close to fifty percent is utilized for motor gasoline. The remaining amount is utilized for jet fuel, distillate fuel oil, and residual fuel among other fuels. One barrel of oil has forty two gallons that yields about twenty gallons of gasoline. Therefore, in the U.S, the daily consumption of gasoline is about one hundred and seventy eight million gallons of gasoline (Bonsor & Grabianowski, 2012). The gas prices affect almost ...

The economy of the United States has been on downturn before and during President Obama’s tenure as the country’s president. Leonhardt points out that economic stimulation is one of the platforms that President Obama used in his campaign for presidency. The article discusses the various economic considerations that Americans will be using in deciding whether President Obama deserves to be re-elected. One of the key areas identified by the author that most Americans use to rate the success of a president economically is in the creation of jobs and lowering of gas prices (6). The author notes that ...

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 ...

Introduction

Statistical analysis is very vital to every organization as it shows where a company is coming from and where it heading to thus helping it to strategize in order to increase its profitability. The prices of gas have been on the rise in the recent past and it has become very difficult for the consumers and the suppliers to predict the future performance of the gas prices. It is very important for any party involved in the supply of gas to carry out a statistical analysis of the gas prices and also determine the reaction of the consumers. This will help ...