...AN ALTERNATIVE TO FOREIGN OIL An Issue Paper Presented to Professor Sheila Christensen Professor of Marketing Utah Valley University For Management 2200 By Greg Gossard July 30, 2012 Executive Summary Over the past few decades, in the United States, oil is the primary fuel consumed by most vehicles on our roads and in our air space today. It is estimated that two-thirds of the oil used is due to the transportation sector. This report will examine the pros and cons of the need for alternate solutions to the ever increasing reliance the United States has on foreign oil. There are practical alternatives and solutions that the United States could implement in the short run, and especially in the long run as well. The idea of domestic drilling, along with natural gas, and plug-in hybrids are definitely worthwhile options to look at for an alternate solution to the dilemma of oil consumption. While some may argue that these other sources are not consistent enough or wouldn’t be efficient resources for alternative energy, there is enough evidence supporting claims to the contrary In financing research projects exploring alternative energy, the U.S. would easily be able to use all of those resources of energy to remove our dependence on foreign oil consumption. On average, the U.S. spends about one billion dollars per day on foreign oil. That adds up to be thirty billion on average per month, and over three hundred and sixty billion annually. This is a gross and unnecessary...
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...Abstract The basis of this paper is to examine the past and most recent development of Exxon Mobil. This research will highlight key study points including history, supply and demand, price elasticity, cost of production, competitive advantages, entry barrier, product substitution, market share and structure. Various information used for this study are company history statements, SWOT analysis, and financial reports. The story of this giant oil company has become more intriguing with the every increasing demand for oil, oil-powered products, driving global production nearly to 5.3 million barrels a day. This paper will investigate alternate energy and how the world is slowly gravitating towards that shift. Company Introduction In our economic day and age, there is a high reliance of oil and gas in everything used in daily task. From cooking, to driving cars and keeping warm during the winter season, it is one of the essential necessities in current modern time that keeps the human race thriving. It is used in the production of certain home and household materials. Gas is used in producing fertilizers and a wide range of industrial products, including plastics and polymers, textiles, paints and dyes. In this study there will be a focus on one-of-world’s largest oil companies – Exxon Mobil and examine the corporations’ economic value. What is Exxon Mobil? Exxon Mobil, as we have stated previously is one of the largest companies in the oil and gas industry. Exxon is the largest...
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...Abstract Most vehicles that use gas function using compressed natural gas (CNG). The safe nature of natural gas has given it preference over other engine driven fuel. One very important factor of following alternative fuel vehicle technology is to control the effect of emission on the environment. Natural gas vehicles do not emit toxic gases like other fueled engines. Natural gas vehicles emit clean gas, have a very clean internal combustion, and emit very few pollutants. The gas emitted by vehicles using natural gas constitute clean air to the environment and clean air standards in most big initialized cities like the United States. Natural gas vehicles burn cleaner than traditionally fuelled vehicles because of the compound composition of natural gas. Natural gas does not emit much of toxic gas; it releases little amounts of propane, ethane, and butane when used in vehicles. The environmental hazards caused by natural gas vehicles are a lot less than those running on traditional fuel vehicles. Table of Contents List of Tables 3 Executive Summary 5 Introduction 5 Problem and Opportunity 5 Purpose 5 Background 6 Sources 6 Scope 7 Structure 8 Key Terms 9 Methods 9 Results 10 Conclusion...
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...NAJIBELFITOURI@GMAIL.COM +1-506-455-5166 Objective: • Oil and Gas Processing /Chemical Process Engineering Job in Oil and Gas Fields. • To evolve around creating processes and designs, as well as maintenance and operations duties in a variety of different disciplines. • Performing Engineering Studies, improving all the existing projects and supervising the new installation and performing of the commissioning, Issuing work orders and safety procedures to maintain and repair any pipeline, vessel, storage tanks, separators, dehydrators, manifolds, and all other oil/gas relative equipments based on the approved Codes. Design, any required fabrications and modifications. Updating all the related drawings, drafting and as built, (P&ID drawings, Piping drawings, and Mechanical drawings). Preparing all the required reports (daily, weekly, and annually reports). Summary of Qualifications Earned value management, supported by a solid grasp of the fundamental components of Project Controls including scope definition, cost estimating, change management, cost management, scheduling, project reporting, earned value analysis and risk management • Over ten years’ experience teaching and performing research at the university level • Over 15 years’ experience in capital projects management, overseeing a variety of oil and gas fields, from extraction to processing and shipping. • Used Natural gas treating solutions, including amine plants,...
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...Abbreviations GHG – Greenhouse Gas CO2 - Carbon dioxide CH4 - Methane N2O – Nitrogen oxide LNG- Liquefied Natural Gas Abbreviations GHG – Greenhouse Gas CO2 - Carbon dioxide CH4 - Methane N2O – Nitrogen oxide LNG- Liquefied Natural Gas Highlights * We model two major oil and gas companies. * We examine causes of Climate Change * Increase in further research may produce other alternative to exist source of energy * Combined efforts will help to meet carbon reduction target ABSTRACT Playing a major role in the world, the oil and gas industry is faced with the challenge of climate change. This paper establishes the fact that climate change troubles our planet today. In establishing this fact the paper examines the causes of climate change, the relationship between climate change and the oil and gas industry through CO2. It further evaluates the various methods available to reduce CO2 emissions and the challenges the companies have in implementing the methods. This paper uses two major oil companies as case studies, to establish the above stated facts and concludes that oil and gas companies need to be involved in more research and development of alternative supply of energy, in order reduce CO2 emissions, in collaboration with other sectors of the economy in achieving the targets made regarding climate change, environmental laws and policies. Keywords: CO2, Climate Change, Industry, Oil and Gas. 1. INTRODUCTION Climate change is a global...
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...Energy Independence Cyrus Chiasson English 2000 Section 12 Research Proposal February 24, 2015 Abstract America has strived for energy independence since the 1970s. Until recently, this was viewed as an unattainable dream. Energy independence is defined as producing and supplying all the energy consumed by the citizens of the country. Although, America has a long way to go in order to achieve full energy independence, recent innovations have allowed America to progress significantly towards a more independent energy system. The most imperative of these innovations include a decrease in the amount of oil imported from foreign oil exporters and an increase of domestic shale oil discoveries throughout America. As technology continuously modernizes, the efficiency of American shale oil extractions increase. America is hypothesized to have the ability to supply all its own energy by 2030. If America continues to reduce their petrochemical consumption and reliance on foreign oil, this energy independent milestone will be an approaching, feasible possibility. In this presentation, I will illustrate the constant momentum toward energy independence and how achieving autonomy introduces a surplus of economical possibility that has neglected to exist in previous American history. Rationale The Unites States, along with every other country, would benefit from being as energy independent as possible from foreign oil exporters. Currently, the United States reliance on OPEC (Organization...
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...brand names. |Cost of environmental hazards. | |Diverse and huge operations. |Legal issues. | |PETRONAS has grown to be an integrated international oil and gas |Employment scam. | |company with business interests in 50 countries. |Rising investment requirement. | |Sponsored education to Malaysian students. (PESP, PSIP) | | |Opportunity |Threats | |Increasing fuel/oil prices. |Government regulations. | |Increasing natural gas market. |High Competition. | |More oil well discoveries. |Long-term falls in domestic oil production. | |Expand export market. |Competition in regional LNG supply. | 1 EFE Matrix of PETRONAS |Key External Factors ...
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...PROSPECTS OF SHALE GAS DEVELOPMENT IN INDIA: A term paper by Tejal Johri (MPE1296) and Shruti Sharma (MPE1293) for Semester 1 Course: Environment and Development Department of Policy Studies, The Energy and Resource Institute (New Delhi) Submitted on 9th December 2012 Table of Contents Executive Summary 1 Literature Review 4 Scope 6 Conclusion 10 Works Cited 11 Executive Summary The gradual shift of the US gas sector- from one of deficit to one of surplus has gathered appreciative appraisals from the rest of the world and initiated talks about the prospect of harnessing shale gas in other countries, as US reached the lowest CO2 emission level in the last 20 years due to shift to natural gas. It has been referred to as “the biggest energy innovation of the decade”, in light of the growing need for suitable alternatives to conventional oil and gas with increasing pressure on energy over time. 90% of global shale gas is currently produced by the US. India meets two-thirds of its petroleum requirements by importing of fuels that include coal, and this figure is expected to rise in the future in spite of India being a coal-rich country. Even with introduction of more efficient technologies and cases of higher CO2 emission reduction, our country’s import dependence on petrol, oil and gas will significantly rise in the future, raising the pressure on the resources. This concern for energy security calls for further research in technological solutions for greater...
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...BUEC 563 – Energy Industries and Markets: Syllabus Instructor: Richard Dixon Email: rjdixon@ualberta.ca Phone: (780) 248-1650 ------------------------------------------------- Prerequisite: BUEC 502 – Managerial Microeconomics (or equivalent) COURSE OBJECTIVES While part of the Natural Resources, Energy and Environment specialization this introductory course is an overview to the resource and energy industries and markets. Students gain a basic understanding of the evolving nature and structure of energy industries and markets, including market, technological, environmental and other strategic issues. Second, there is a strong emphasis on students' proficiency levels in verbal and written business communication. Of particular interest is the ability to do and convey critical analysis and thinking in a variety of business formats (e.g. briefing note, strategic scenarios, business case, oral presentation, etc.). LEARNING GOALS Critical Thinking Students will be exposed to current issues and ideas concerning energy and its development in the 21st Century and this will help to develop their ability to analyze problems, situations and issues in a clear-minded, rigorous intellectual manner. At the end of the course the student will have more tools to critically think about current energy issues. Energy Fundamentals Students will enhance and develop a better understanding and awareness of the energy sector and its fundamentals from an economics, management and business...
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...estimates of oil and gas in the lower 48 states. This sustained supply and production has been a result of technological advancement, particularly improved techniques in hydraulic fracturing, has kept prices for natural gas extremely low while crude oil prices have fluctuated and changed over time. One reason for this is the different nature of exportation in the two hydrocarbons. As will be discussed below, the transportation and exporting of natural gas is much different than for crude oil. Natural gas must undergo a liquefaction process in order to travel by specialized cargo ship, the alternative to a pipeline, which adds substantial costs to the activity. There are currently no operational natural gas export terminals in the lower 48 states, but a few are under construction. The large sunk costs will be a large part of our consideration of the exportation of natural gas. The U.S. has traditionally been a net importer of gas, and considering the high upfront costs of building export terminals, the sale of American gas has been isolated almost exclusively to the domestic market. The only exception to this has been to export natural gas only where existing pipelines can carry it, which has limited foreign export to North America. Despite this historical trend, calls for the US to begin exporting natural gas have been growing louder as the potential to seek higher priced natural gas markets become more attractive. This paper will explore liquid natural gas (LNG) export...
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...Running Head: VENEZUELAN OIL MARKET 1 Analysis of the Venezuelan Oil Market BINT 6311 – International Business Management University of the Incarnate Word VENEZUELAN OIL MARKET 2 Table of Contents Abstract ............................................................................................................................................3 Review of Venezuela .......................................................................................................................4 Geographic Location ....................................................................................................................4 Demographics ...............................................................................................................................5 Economic Indicators .....................................................................................................................5 Politics and Economic Freedom ...................................................................................................6 Analysis of Entry Modes .................................................................................................................7 Government’s Role ......................................................................................................................8 Joint Ventures ...............................................................................................................................8 Recent Events in Entry ....
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...are using more energy-intensive methods to get to conventional fossil fuels, and turning to harder-to-extract fuels such as shale gas. But do these sources give us a good return on the energy we invest? A new article investigates how assessing this return could help us make decisions about our energy future. The feature in Scientific American compiles a range of sources to look at which energy sources provide the most energy compared the the amount of energy it takes to extract them - called their energy return on investment (EROI). We take a look at the returns different fuels offer - and examine some other considerations to take into account when choosing how to meet energy demand. Energy return on investment Professor Charles Hall, an ecologist at the SUNY College of Environmental Science and Forestry, developed the concept of EROI to give a common measure for comparing very different fuels. Finding out fuels' EROI means working out how much energy it takes to make the materials usable - like finding oil, drilling the well, pumping it out and refining it - and how much energy you get afterwards. It's a simple equation - you divide the energy output by the energy input. A high EROI means you get a lot of energy out for very little energy expended. This infographic puts hydroelectricity, wind and coal as the best performers, while natural gas, solar and nuclear deliver a much lower return on this measure: Source: Scientific American The reason hydroelectric and...
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...The purpose of this study is to examine the effect of oil and gas prices on transportation and storage sector’s equity returns in Iran. To this end, we analyze Iranian transportation and storage sector index for the period from the first week of January 2005 until the third week of March 2010. Based on the multifactor model and using time-series regression, our findings indicate that oil price is not an important determinant of returns in transportation and storage sector. Similarly, the findings suggest that gas price movements do not seem to play a role for transportation and storage sector. However, consistent with the capital asset pricing model (CAPM), the market portfolio is a significant pricing factor in the sector’s stock returns. In addition, the estimated regression indicates that the exchange rate is not priced for this sector’s stock returns. The results of this study help domestic and potential foreign investors to understand the effect of energy price changes on transportation and storage sector stock returns in order to manage their portfolio effectively. KEYWORDS Energy prices, Transportation and storage sector, Equity returns, Iran INTRODUCTION Recent years have witnessed massive price movements of the energy markets. The price of energy has a large impact on economy of the world (Huang et al., 1996; Nandha & Brooks, 2009; Chen et al., 1986; Nandha & Faff, 2008). The EIA report (2007) indicates that higher oil prices affect national economies both internally and...
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... The team assignments for our research paper are as follows: Week 2 - Outsourcing – Daniel Ogeto Week 3 - Overview of the Oil and Gas Industry – Daniel Ogeto Week 4 - Chesapeake Energy & its four affiliates - Kyle Thompson Week 5 - Chesapeake Company Operations - Misti Smith Week 6 - Chesapeake Company Future - Daniel Ogeto Abstract Chesapeake Energy is headquartered in Oklahoma City, Oklahoma. This independent company is involved in oil and natural gas exploration and production. The company’s operations, shares and debt; affiliations, outsourcing and future will be discussed in this paper. The oil and gas industry overview will also be covered. CONTENTS 1. Overview of the Oil and Gas Industry ------------------------Page 4 – 21 2. Chesapeake Company Operations ----------------------------Page 21-27 3. Chesapeake & Affiliates ----------------------------------------- Page 28-32 4. Outsourcing -------------------------------------------------------- Page 32-37 5. Chesapeake’s Future --------------------------------------------- Page 37-42 References ---------------------------------------------------------- Page 43-44 OVERVIEW OF THE OIL AND GAS INDUSTRY Companies in this industry develop and operate fields to extract crude oil and natural gas. Major players include Apache, Conoco Phillips, and Exxon Mobile (all based in the US), as well as BP (the UK), and Tatneft (Russia), National Iranian Oil Company, PETROBRAS (Brazil), Royal...
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.................................................... 10 Disclaimer: ............................................................................. 11 W H I T E P A P E R Overview ENERGY: Indian Demand- Supply Gap 1.0 Overview Energy sector in India is one of the most challenging sectors for global players given the presence of large profit making Public Sector Units (PSU) with strong regulatory back up and market presence. As per Energy Information Administration (EIA) India is the sixth largest energy consumer and offers immense potential for foreign investors. Energy industry is considered as the primary driver of Indian economy as it is the major fuel for various industries like power sector, steel, chemical, fertilizers, paper,...
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