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Oil Essay Topics & Paper Examples

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….

How Oil Shaped Post War World

”If one commodity can claim credit for the startling advances seen in the world in the 20th century, in particular in developed industrialized countries, it was crude oil- soon to be dubbed ‘black gold’. ” Oil became an influential substance in the post war times, economically and also in shaping countries’ foreign policies. Whichever countries controlled oil controlled much of the world’s policies. After the increase in industrialisation and manufacture in the post war times, oil became a ‘must have’ resource, for a nation, in order for that nation to grow economically and become a self-sustaining state. The first Bush administration reiterated the need to invade the Gulf as, “a way to defend our way of life” in the form…

Supply of energy dependent on international cooperation

To what extent is the global supply of energy dependent on co-operation between different countries? (15) The global supply of energy is concentrated within the 12 OPEC countries. (Organisation of the Petroleum Exporting Countries). These countries hold a vast amount of the world’s oil and gas reserves with 81% of proven oil reserves and 49% of proven gas reserves. The aim of the organisation is to unify petroleum policies so that there is a steady supply of energy to consumers, and a steady income for themselves- the producer. OPEC sets production targets for its member nations and generally, when OPEC production targets are reduced, oil prices increase. This was clearly seen in the 1973 Arab Oil Embargo against the US…

Developments In Cold Environments Sustainable

To what extent are more recent developments in cold environments sustainable ? Fishing can disrupt food chains. For example krill fishing in the southern ocean is depleting food supplies for whales and penguins. Overfishing of a species can severely deplete its population, sometimes beyond recovery. Overfishing of the patagonian toothfish in the Antarctic is currently a concern. Bottom trawling catches fish by dragging nets along the sea-bed. This disrupts the eco system by reducing light levels thought increasing turbidity and catches other species as well as the target one. Its carried out in the gull of Alaska, the greenland sea and the barents sea. Fishing quotes have been introduced to limit the number of fish caught and prevent overexploitation of…

Oil in Nigeria

Nigeria, a country in West Africa is the most populous nation in Africa in terms of both the population and the number of states which total to nineteen. This West African nation is also highly endowed with natural resources and minerals with oil which is found in the Niger Delta being the main natural resource. This makes Nigeria to be the biggest oil producing country in Africa with a capacity of over two million barrels of oil per day. This resource accounts for over 80% of the government revenue in the budget and in terms of export commodities it accounts for over 95% of the country’s export annually (Frynas140). In order for the government to realize the above figures, it…

Palm Oil Policy

Summary of the case: Palm Haul Sdn Bhd (PHSB) established in 2002 at Taiping Perak. It was a small and medium sized enterprise in crude palm oil (CPO) transportation business. PHSB was managed by En.H.Rossly and son in law of its founder, Datu S. Najeed. PHSB was facing the same problems likes others transportation companies which is drivers embroiling in oil piracy. The transportation companies will bear the responsibilities of compensation of the refineries if there any hijacking or piracy happened. The involved culprits most probably are the tankers’ driver, deport operators and the transporters. One of the major customer of PHSB, Oilene Refineries Sdn Bhd (Oilene) was complaining to Datuk Najeed on the poor quality of CPO delivered by…

Analysis of Exxon Mobil (Group C)

ExxonMobil is an American multinational oil and gas corporation being the world’s largest publicly traded international oil and gas company. ExxonMobil holds an industry-leading inventory of global oil and gas resources. Is the world’s largest refiner and marketer of petroleum products, their chemical company ranks among the world’s largest. Exxon apply science and innovation to find better, safer and cleaner ways to deliver the energy the world needs[1]. Although Exxon is considered one of the leader in oil refinery, there are also two other close competitor Chevron and BP. Mission and vision of Exxon Mobil: As one of the most profitable companies in the world, ExxonMobil Corporation makes no secret that it is on a money mission, and the company…

The Effects of High Gas Prices

Gas is an important productive resource in the world. Driving cars, heating buildings, producing electricity, people all need gas. Therefore, gas is directly related to people’s normal life and the global economy. Recently, due to the fights between Israel and the Hezbollah guerrilla, the Middle East political and economic situation has been deteriorating, which has led to the continuous hikes of gas prices. Since gas plays an important role in our economy, people should understand that the high gas price does not only mean people need to pay more for driving their cars, but it also leads the pervasive inflation, the change of people’s consumption habits, and more seriously, the recession of the global economy. First of all, the rising…