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Oil Essay Topics & Paper Examples

Olive Oil

Olive oil is a fat obtained from the olive, a traditional tree crop of the Mediterranean Basin. The oil is produced by grinding whole olives and extracting the oil by mechanical or chemical means. It is commonly used in cooking, cosmetics, pharmaceuticals, and soaps and as a fuel for traditional oil lamps. Olive oil is used throughout the world, but especially in the Mediterranean countries. History The olive tree is native to the Mediterranean basin; wild olives were collected by Neolithic peoples as early as the 8th millennium BC. The wild olive tree originated in Asia Minor in ancient Greece. It is not clear when and where olive trees were first domesticated: in Asia Minor in the 6th millennium; along…

Peak Oil

In recent years various scientists, among them petroleum engineer Jean Laherrere and petrogeologists Colin Campbell, have argued that global oil production would peak in the early 2000s. This is known as peak oil, the tipping point in which oil production begins to decline, and is based primarily upon the work of M. King Hubbert, a petrogeologist who worked for Shell Oil Company from the 40s to 60s. (Deffeyes, 2001) Hubbert’s predictions of a dire future for oil were not unprecedented, and many individuals before him had raised alarm over the future of oil, but ultimately turned out to be Cassandras. As such, it is not entirely surprising that any succeeding warnings about oil have been dismissed by both the American…

The oil curse theory

The oil curse theory, which also forms part of the more general concept of resource curse, emerged as the negation of the assumption that revenue generation dependent on natural resources would create wealth (Stevens, 2003). The oil curse theory posits that the countries strongly dependent on the export of natural resources that are non-renewable, particularly crude oil, are likely to experience a slower pace of economic development (Katz, 2004). The oil curse theory applied to countries or economies largely dependent on the export of oil such as the Middle East and MENA. A number of reasons account for this theory. Historical Development of the Oil Curse Theory The oil curse theory emerged during the 1970s when the oil shocks highlighted…

ExxonMobil Oil

As far as my knowledge of anthropology is concerned ExxonMobil Oil must have great empathy for Gwichin, which I think they have but they are not showing it properly to Gwichin. Tundra is home town or village of Gwichin and they must be scared of such activities because they are unaware of the consequences of drilling and seismic exploration, etc. There is lack of communication between ExxonMobil and Gwichin and other personnel who hold the authority to give permission to drill or explore oil. Gwichin think that ExxonMobil oil does not bother for their rights, they have to do what they want to do independent of our satisfaction. Gwichin thinks that these people have already made their minds and they…

Virgin Coconut Oil

VCO is now getting global reputation as the healthiest and versatile oil in the world. The Philippines is one of the best sources of virgin coconut oil and it’s popularity in the country is legendary. Although not an herb, we decided to make an article about VCO because of the growing interest on the oil and after receiving several inquiries from our visitors. Virgin coconut oil and regular coconut oil is rich in Lauric Acid, an essential fatty acid that is only found in high concentrations in mother’s milk. When taken internally, Lauric Acid turns into a compound known as Monolaurin. It is this compound that is believed to fight viral pathogens that protects the body from bacteria, viruses and…

Oil and natural gas drilling

It is understood that oil and gas drilling comes along with various harmful environmental challenges. This is more so in the environmentally sensitive areas like the offshore in the ocean regions. Due to this, many countries have developed various laws restricting the drilling of oil in these areas that have been identified to be sensitive to protect them from the anticipated damages. United States being the super power country in the world has been a role model in advancing this environmental protection policy. However, time has come that it should change or lift such laws since they seem to be having devastating impacts to the ordinary people of America while they continue to please the elite only. In essence, the…

Keystone XL Pipeline

Remembering back to the BP oil spill in the Gulf of Mexico in 2010 it took place from April 20- September 19, 010 when it was officially sealed. Although oil spreads faster in water than it would on land or underground the environmental impacts would on land as in water be detrimental. An oil spill in the middle of the United States (Nebraska) could lead to the harming of an aquifer that supplies 2 million people with drinking water. Remembering the consequences of past oil spill we learn that the United States is in no state to repeat its history. The Keystone Pipeline is a system that transports crude oil and bitumen from Alberta, Canada to multiple sites in the…

Ethical Issues Surrounding the Bp Oil Spill

The BP Oil Spill which happened on April 20, 2010, was the largest offshore oil spill in U.S. history releasing approximately 185 million gallons of crude oil into the gulf. This event was the result of a wellhead on the Deepwater Horizon oil drilling platform blowing out in the Gulf of Mexico approximately 40 miles southeast offs the Louisiana coastline. Eleven men working on the oil rig platform were killed and 17 others were injured. People livelihood and the environment were devastated by this event. Ethical dilemma, issues, and facts This incident captivated the world and had tremendous media presence and government involvement, but as questions arose, ethical issues started to emerge. This paper will take a look at the…

ExxonMobil Case

1. Provide a brief description of the industry. “ ExxonMobil has evolved over the last 125 years from a regional marketer of kerosene in the U.S. to the world’s largest publicly traded international oil and gas company.” Providing energy helps stabilize economies and improve living standards worldwide. Today, ExxonMobil operates in most of the world’s countries and is best known by familiar brand names: Exxon, Esso and Mobil. ExxonMobil creates products that compel modern transportation, power cities, lubricate industries and provide petrochemical building blocks that contribute many consumer goods. ExxonMobil is an extremely large industry providing 9.2 million jobs, and 5.3% of the U.S. employment. The labor income is $533.5 billion, and 6.0% of U.S. labor income. ExxonMobil operates in…

BP vs Exxon

The BP oil spill is the most resent oil incident. The oil spill was really big and caused a lot of mess and damage to nature. It killed a lot of animals and fish and made the water dangerous. BP says that they were working hard to clean the oil up. They were taking a really long time. BP has responded to todays US Government report into last year’s Deepwater Horizon accident, it says it agrees with its core conclusion, consistent with every other official investigation that the accident was the result of multiple causes, involving multiple parties, including Transocean and Halliburton. From the outset, BP acknowledged their role in the accident and has taken big steps to further enhance…

Campaign for Philippine Independence

Balanced diet and Physical work out has a major role in attaining long healthy life. The increasing awareness of effects of foods on health has made us diet conscious and left us confused in the land of nutrition. We want to satisfy our palate and eat healthy as well. This often restricts our food choices. The major nutrients for the body are protein, carbohydrate, and fat. These provide the body with energy for various functions like beating of heart, activity of muscles and brain. In addition the body needs vitamins, and minerals for it’s optimal functioning. The importance of balanced diet are: * Optimal macronutrient intake * Total macronutrient intake * Hydration * Eat varied diet >>> Picture of balance…

Global OCTG Market: Trends & Opportunities

The report titled “Global OCTG Market: Trends and Opportunities (2012-2017)” analyzes the potential opportunities and significant trends in the global oil country tubular goods market. The report also provides detailed analysis of the global OCTG market, seamless and welded OCTG market, drill pipes market and OCTG coating materials and services market and future growth of these market. The report also profiles and analyzes the business strategies of the leading companies operating in the segment, including their expansion plans. Geographical Coverage — Global — The U.S. — China — Middle East — Russia Company Coverage — National Oil Company — Tenaris S.A. — Vallourec S.A. — TMK Group Executive Summary Oil Country Tubular Goods (OCTG) refers to the steel tubes and…

The Organization of the Petroleum Exporting Countries

The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five Founding Members were later joined by nine other Members: Qatar (1961); Indonesia (1962) – suspended its membership from January 2009; Libya (1962); United Arab Emirates (1967); Algeria (1969); Nigeria (1971); Ecuador (1973) – suspended its membership from December 1992-October 2007; Angola (2007) and Gabon (1975–1994). OPEC had its headquarters in Geneva, Switzerland, in the first five years of its existence. This was moved to Vienna, Austria, on September 1, 1965. OPEC’s objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and…

Oil: How Soon Will Global Supplies Be Exhausted

Modern society is extremely dependent on oil. Whether it be on transportation, food production or manufacturing, all these operations need oil to be carried out. Modern society is also characterized by the steady increase in population. This population increase also implies an increased dependency on oil. This dependency is currently supported by the present supply of oil from reserves. However, this oil reserves are finite. At the rate that the world is presently consuming oil, will the global supplies run out? And if so, how soon will it be exhausted? This research paper aims to explore the question of the possible depletion of the world’s oil resources. Oil is the main source of energy in the world today (Fisker, 2006)….

The Oil Politics

The controversy over oil has been raging for quite a while. It has played into the international politics and the politics of terrorism. The Middle East is the most volatile area of the world at present. Israel is viewed as a satellite of the United States located in the Arab world to represent the superpowers interests in the region. Incidentally the Middle East is a region endowed with oil, a precious commodity sought after by every government. The main occupation and foreign exchange earner for these countries is therefore oil and petroleum products with which they use as a bargaining chip in the global arena. The current fluctuation in the price of petroleum around the world is a cause of…

Alaska Oil Drilling

With the current market trends and the increased demand for crude products, many governments are trying various means to look for alternative reservoirs to meet the needs of consumers and industries. In the United States, one important agenda that the government is advocating involves a program that will address the current needs of American society – exhausting its oil reserves in Alaska. By advocating Alaska oil drilling, America can alleviate the plight of consumers with the increasing prices of petroleum products. Realizing the Need Looking at the issue, the United States government has been finding ways to create solutions to the crisis surrounding energy. This impeding demand for energy has brought about national concern which made the President asked congress…

Oil Crisis of 1973-1974: A Brief History with Documents

During the fall of shah, massive crisis occurred especially in the oil resources, and the United States was not able to foresee such crisis. It is a well known fact that Iran served as one of the top most provider of world’s oil, and even Saudi Arabia proclaimed the initiation of Iran’s oil production. For the record, it is Iran who has been supplying the global oil requirement for at 5 to 7 percent . However, with such dependence on major oil suppliers, such as Iran, the dependency of oil companies, suppliers and consumers was turned down by the shortage and crises that occurred during 1970s. During this moment, the economic stability of oil supplies was shaken by the shortage;…

Oil and Natural Gas: Its Effects to America and the Global Economy

Oil and natural gas have a very important role in the lives of almost all people in the world. These have been the primary source of energy that fuels the technological civilization that exists at the present. Its importance could be seen in the everyday lives of most individuals. The moment someone wakes up in the morning and read the newspaper up to the time that same person would sleep in the comforts of his/her home, the utilization of petroleum products are present. The newspaper is produced out of ink coming from oil as well as the printing machine that is operated by the same means of energy. Similarly, oil-operated machineries also create the various infrastructures like the houses people…

Oil and Fuel Prices

Since 1980s, the price of fuel and oil has assumed an upward trend. The price of crude oil per barrel was being sold at 40 dollars. In 2007 it was 92 dollars and in February 2008 the price per barrel hit 103 dollars. The rise in oil and fuel prices has led to the rise in the living standards as most commodities are either directly or indirectly affected by it. Many items that are used in our homes are the products of petroleum and those that are not are affected in that the transport cost go high when the price of oil and fuel go up. Though the price of oil has always been on the increase, the recent soaring…

Offshore drilling

In spite and despite of the disturbing price escalation in the world market of a commodity that we humans cannot exist without, namely oil, offshore drilling is never a choice. Not only will engaging in this kind of activity bring harm to our environment, with the possibility of oil spills and grave disturbances to the marine life, but this will not bring about lower oil prices as predicted. Fossil fuels, which include oil, coal and natural gas, are nonrenewable sources of energy (California Energy Commission, 2006). These came from diatoms, creatures like planktons, that died billions of years ago and their bodies were buried under heavy sedimentation through out time (California Energy Commission, 2006). Somehow, these creatures were preserved by…

Gas Station Spill

This project investigates oil spill from gas station tanks, as well as its impact on the environment and bioremediation. The gas station market is greatly profitable. However, actions concerning its maintenance should be part of the big picture. Oil is toxic for human beings and its spill can severely damage soil and consequently groundwater. Due to the expiration date of an underground oil tank rated to be 25 years, this project will analyze oil spill from a gas station Ipase neighborhood located in Sao Luis city, Brazil. To accomplish this effort, this project will analyze remediation plans and its benefits. Remediation can be very costly, thus a prevention research of the vulnerable oil spill areas can be cheaper and more…

Producers’ Reaction to Raw Material Price Changes

These days all over the world people use products of crude oil. Most of people cannot imagine their life without products such as diesel or gasoline. However, these are only the finished products, which go through specific stages of production. They are made out of crude oil, which sometimes is called „black gold“. Fuel; however is not the only production made out of crude oil. Lubricants, asphalt, paraffin wax, tar – all these are product made out of crude oil. As stated by US Energy Information Administration (EIA): estimated consumption of oil in the world in 2011 will be 87.421 million barrels of oil each day. Obviously, crude oil is an important material in the modern world. It has an…

BP Oil Spill

BP is a British global energy company which is the third largest energy company and the fourth largest company in the world. As a multinational oil company, BP is the UK’s largest corporation, with its headquarters in London. BP’s headquarters is in Houston, Texas. The company is among the largest private sector energy corporations in the world, and one of the six private sector oil exploration, natural gas, and petroleum product marketing companies. Tony Hayward took over as the Chief Executive officer in May 2007 and under Tony Hayword’s leadership and watch several miss-haps have happened. In August 2006, BP shut down oil operations in Prudhoe Bay, Alaska, due to corrosion in pipelines leading up to the Alaska Pipeline. The…

International Oil Security: Problems and Policies

Energy security was a priority of the Bush Administration in 2001. In a larger context, global oil security is a major concern of the world, the United States in particular. Oil security is not about depleting reserves and having continuous supply to cover demand, but the real issue is the oil costs. International Oil Security involves two things: (1) oil producers control the supply and price of the commodity, and (2) volatile oil price creates have disruptive effects on macroeconomic situations. In the 1970s the downtrend and the inflation of industrialized economies were the results of oil price shocks. These price shocks were mostly caused by unanticipated and drastic changes in supply, demand, and inventory which were all destabilizing. Since…

International Oil and National Security

When oil fueled the navies of both Britain and the United States in World War I, it began the tremendous impact oil would have on the world. When British and French forces were threatened with oil shortages, the US gave the much needed help. Without the same assistance, Germany had to shorten critical operations. Since military hardware were all dependent on oil for power it became important that their countries have access to oil. Britain had access to Middle East oil and the United States had the oil from the Caribbean. After the war, Britain and the United States continued to dominate the oil industry of the world. The US has 4 large oil companies and Britain has 2. From…

International Oil

The paper “International Oil…Looking Ahead” by E. R. Peterson, published in the June 1956 issue of The Analysts Journal attempts to discuss the pattern of international oil movements from the pre-World War II era to the present. It analyzes the Free World’s energy requirements, the total energy demand in the United States, and the forecasts of oil reserves from which the demands for oil will be met. It also present various charts indicating the degree of the challenge for petroleum exploration in the United States, the petroleum requirements outlook in the next 10 years, the estimates of foreign crude oil production by United States-owned companies in the next decade, and the relative growth of United States and Free Foreign production….

The Oil Crisis Has a Big Influence to People’s Future

Nowadays, Oil crisis has a big influence to our world right now. The harmful effects probably are easier to see. We have already indicated that conflict tends to cumulate rapidly. This snowballing tendency may lead to complete breakdown before the self-limiting features of most interpersonal exchanges have a chance to operate. “Oil has always been at the center of discussions of resource scarcity. Over the last decade of volatile and often rising oil prices, a vast ‘peak oil’ literature has emerged citing the geological finitude of petroleum as a harbinger of an era of catastrophic energy scarcity. (Matthew 816-826) Concerns about oil resources is one of humanity’s greatest issues, people overused of oil will bring a huge of negative impacts…

The initial stages of big business

While the initial stages of big business trace back to pre-Civil War America, it was not until the post-Civil War time period that large corporations effected on American society. From Rockefeller to Vanderbilt to Carnegie and all in between, these men and their businesses had unprecedented influence on American life. John Rockefeller created the Standard Oil Trust, with the intention of his business, Standard Oil Company, becoming the oil monopoly; short after, The Homestead Strike against Carnegie Steel aroused massive public support for unions. Likewise, big businesses’ growth and influences brought about a decline in the cost of living and the birth of a new political party. As a whole, the rise of big business in post-Civil War America caused…

Importance Of Oil And How It Has Changed World Politics

In the modern civilization, oil has great significance.  However, many people do not consider oil to be of great significance because they only associate it with the diesel or the petrol that they use for transport purposes. According to Yergin (Yergin, p 17), the world is addicted to oil. Due to the oil’s important role in all countries all over the world especially in the industrialized nations, there is need for countries to give attention to the international oil industry. The Middle East plays a major role in world politics in relation to oil. Majority of the world oil reserves are found in the Middle East and according to the British Petroleum company data, the Gulf oil reserves in 2005…

The Impacts of Oil Spills on Marine and Terrestrial Ecosystems

Buy custom Impacts of Oil Spills on Marine and Terrestrial Ecosystems essay In this paper am going to examine the factors contributing to oil spills, and their effects on marine and terrestrial ecosystems. This addition of phytoplankton leads to depletion of oxygen levels in water, making it hard for survival of animal and plant population in the water. These oil spills do not only affect the marine system but also the chronic urban contamination and the economic loss. The oil spill has total effect on marine life despite the distance from the oil spill. The closer the oil spill is to the shoreline, the more damage it causes. The effects are also felt toward the offshore and the coastal environment….