...The American Petroleum Instit PHL/266 September 26, 2012 A trade association refers to an organization formed and financed by businesses that operate in a particular industry. (Bradley, 1965) The main goal of forming trade associations is to increase the bargaining power of the members and to articulate their issues to related parties. They focus on educating their members and providing a conducive environment for business. The main purpose of this essay is the American Petroleum Institute (API). One of the main functions of trade associations is the provision of information to its members. Both Economic and Business related information is important to have effective trading. The associations assumed the responsibility of supplying such information to its members. The information provided includes that on past and present sales, production costs and production levels. Another important function of these associations is to market their members’ products and services. The associations are most likely in the frontline in marketing the industry’s products. According to Bradley (1965), this may take the form of organizing and sponsoring trade fairs for the industry as well as carrying out industry advertising. Regulation of industry’s marketing, practices is also done to effectively monitor the level of competition among the members. The American Petroleum Institute is a trade association located in the U.S. that operates in the oil and natural gas industry. The association...
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...President and Chief Executive Officer, Energistics RANDY W. CLARK is President and Chief Executive Officer of Energistics. He has more than 25 years of experience in the oil and gas industry in a variety of different roles and positions with industry companies, including 10 years with Baker Hughes in Houston. Before joining Energistics, Clark was Senior Vice President of cc-hubwoo/Trade-Ranger, the world’s largest electronic marketplace for indirect goods, whose members include many major oil and gas operating companies such as Shell, Total, Statoil, and ConocoPhillips. Additionally, Clark has been active in many global ebusiness standards development efforts and is immediate past-chair of the Petroleum Industry Data eXchange, the e-commerce subcommittee of the American Petroleum Institute. Clark’s experience has included oil and gas production-facility design and project management, purchasing management, business process re-engineering, new product development, data and information standards development, and e-business strategy and development. He earned BS and MBA degrees from Texas universities and he holds professional certification in new product development from the Product Development and Management Association. Talent & Technology » 15 S tandardization of data and information exchange is one of the most problematic, yet potentially highest value, issues facing the upstream oil and gas industry. Given the industry’s current strong market position, it...
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...British Petroleum is without a doubt one of the world’s most profitable companies of all time. British Petroleum or (BP) is the leading oil extraction company worldwide, therefore substantially affecting millions of people and companies. Bp gains its profits by transforming the oil it retains from around the world into the biggest commodity around; petrol, known as gasoline. In addition, Bp is also a major supplier of low carbon energy generated naturally by windmills and other means across America. Thus, satisfying the request that many American consumers have brought up in a publicized meeting regarding alternate means of energy. Bp, being one of the leading companies in the world affects an extremely wide base of, investors, retailers, dealers, and stock holders, not to mention the ninety six thousand employees currently working around the clock at their various locations. Many consumers assume that Bp with all its power and wealth couldn’t possible care what it is doing to the environment or economy; however, this couldn’t be any further from the truth. According to www.bp.com, Bp is currently partnered with over 13 major companies researching and utilizing Biofuel technologies; Advanced Biofuels Association, American Petroleum Institute, and Biotechnology Industry Organization, are just a few. With a net value of about seventy billion, Bp has many shares/stockholders and cares nothing more than making these valued customers happy with their decision to invest in...
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...became ASOA tied to the rise of the petroleum industry in the Baku region. By 1887 the preparatory technical school that would become Baku Polytechnicum was established in Baku and by 1910 it had integrated a curriculum related to the growing oil industry. However, the ratio of Azeris to non-Azeris was so skewed that of the 494 students studying at the school in 1916, only 20 were Azeri. On November 14, 1920, after the invasion of the Red Army and the establishment of the fledgling Azerbaijan SSR, the new government decreed that Baku Polytechnicum would close and be replaced by Baku Polytechnical Institute, a more traditional polytechnic institute and the beginnings of the current incarnation. The new school focused on training engineers in a broad range of industries, from agriculture to oil. By 1923 the school graduated its first three students and by 1927 it had risen to 289 graduates. The new school went through many name changes over the years as its emphasis changed to meet the needs of Azerbaijan. In 1923 the school changed its name to Azerbaijan Polytechnical Institute. In 1929 the agriculture department was spun off into a separate Agriculture Institute and the university changed its name to the Azerbaijan Oil Institute (AOI) in 1930. However, the expanding needs engineers in other areas outside oil resulted in expansion in the school's curriculum and the school changed names again in 1934, this time to the Azerbaijan Industrial Institute (Az.I.I.). World War II taxed the...
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...THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RICE UNIVERSITY PETRONAS: A NATIONAL OIL COMPANY WITH AN INTERNATIONAL VISION BY DR. FRED R. VON DER MEHDEN RICE UNIVERSITY WITH AL TRONER ASIA PACIFIC ENERGY CONSULTING PREPARED IN CONJUNCTION WITH AN ENERGY STUDY SPONSORED BY THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY AND JAPAN PETROLEUM ENERGY CENTER RICE UNIVERSITY – MARCH 2007 THIS PAPER WAS WRITTEN BY A RESEARCHER (OR RESEARCHERS) WHO PARTICIPATED IN THE JOINT BAKER INSTITUTE/JAPAN PETROLEUM ENERGY CENTER POLICY REPORT, THE CHANGING ROLE OF NATIONAL OIL COMPANIES IN INTERNATIONAL ENERGY MARKETS. WHEREVER FEASIBLE, THIS PAPER HAS BEEN REVIEWED BY OUTSIDE EXPERTS BEFORE RELEASE. HOWEVER, THE RESEARCH AND THE VIEWS EXPRESSED WITHIN ARE THOSE OF THE INDIVIDUAL RESEARCHER(S) AND DO NOT NECESSARILY REPRESENT THE VIEWS OF THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY NOR THOSE OF THE JAPAN PETROLEUM ENERGY CENTER. © 2007 BY THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY OF RICE UNIVERSITY THIS MATERIAL MAY BE QUOTED OR REPRODUCED WITHOUT PRIOR PERMISSION, PROVIDED APPROPRIATE CREDIT IS GIVEN TO THE AUTHOR AND THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY ABOUT THE POLICY REPORT THE CHANGING ROLE OF NATIONAL OIL COMPANIES IN INTERNATIONAL ENERGY MARKETS Of world proven oil reserves of 1,148 billion barrels, approximately 77% of these resources are under the control of national oil companies (NOCs) with no equity participation by foreign, international...
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...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 of the Petroleum Exporting Counties) causes them to be highly susceptible to disturbances in these counties oil industry. Energy independence would result in economical stability and security, while diminishing the uncertainty that lies in the dependence of major oil exporters. There exist an on average increase of petroleum oil prices...
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...across the globe. It also derives major strength from the reservoir of knowledge, experience and research activities of its parent body, TERI. The Vision behind TERI University TERI University was conceived to cater to the need of disseminating the vast reservoir of knowledge created by TERI, a not for profit, independent research institute recognized globally for its contribution to scientific and policy research in the realms of energy, environment, and sustainable development. Since its inception, the University offers not just world-class education, but also an environment that enables its students to develop fresh perspectives on their subjects of study. This includes regular interactions with researchers, scientists and academicians. Dr R. K. Pachauri Chancellor, TERI University Origin TERI University's roots can be traced back to 1998, when 'TERI School of Advanced Studies' was established. The School was subsequently renamed as the TERI University in October 2006. TERI University was conceived to cater to the need of disseminating the vast reservoir of knowledge created by TERI, a not for profit, independent research institute recognized globally for its contribution to scientific and policy research in the realms of energy, environment, and sustainable development. The genesis of TERI University is rooted in the comprehensive research, consultancy and outreach activities of TERI. The relationship with TERI has propelled and influenced the evolution...
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...THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RICE UNIVERSITY THE INTERNATIONAL OIL COMPANIES BY AMY MYERS JAFFE WALLACE S. WILSON FELLOW IN ENERGY STUDIES JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RONALD SOLIGO, PH.D. PROFESSOR OF ECONOMICS, RICE UNIVERSITY RICE SCHOLAR, JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY PREPARED IN CONJUNCTION WITH AN ENERGY STUDY SPONSORED BY JAPAN PETROLEUM ENERGY CENTER AND THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY NOVEMBER 2007 International Oil Companies THIS PAPER WAS WRITTEN BY A RESEARCHER (OR RESEARCHERS) WHO PARTICIPATED IN THE JOINT BAKER INSTITUTE/JAPAN PETROLEUM ENERGY CENTER POLICY REPORT, THE CHANGING ROLE OF NATIONAL OIL COMPANIES IN INTERNATIONAL ENERGY MARKETS. WHEREVER FEASIBLE, THIS PAPER WAS REVIEWED BY OUTSIDE EXPERTS BEFORE RELEASE. HOWEVER, THE RESEARCH AND THE VIEWS EXPRESSED WITHIN THIS PAPER ARE THOSE OF THE INDIVIDUAL RESEARCHER(S) AND DO NOT NECESSARILY REPRESENT THE VIEWS OF THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY NOR THOSE OF THE JAPAN PETROLEUM ENERGY CENTER. © 2007 BY THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY OF RICE UNIVERSITY THIS MATERIAL MAY BE QUOTED OR REPRODUCED WITHOUT PRIOR PERMISSION, PROVIDED APPROPRIATE CREDIT IS GIVEN TO THE AUTHOR AND THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY. 2 International Oil Companies ABOUT THE POLICY REPORT THE CHANGING ROLE OF NATIONAL OIL COMPANIES IN INTERNATIONAL ENERGY...
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...Assignment Report Introduction The following report will examine the 4 elements of the marketing mix and their relevance and importance within the retail petroleum industry. The marketing mix elements are often referred to as the 4 p’s of marketing and are product, price, promotion and place (Solomon, et al. 2011, p. 21). These 4 elements are the building blocks of an effective marketing strategy and are useful in gaining an understanding of marketing in the retail petroleum industry. This report will deal with each of these elements individually and discuss how the macro and micro environments of the retail petroleum industry in Australia affect the way marketers approach these 4 elements. Reference will be made to texts, industry reports, and an internet news article. These references will help to provide a complete understanding of the implications of the marketing mix on this industry. Product A product is ‘a tangible good, service or idea that satisfies consumer or business customer needs through the exchange process’ (Solomon, et al. 2011, p. 11). Products can be referred to as having three levels. These levels are the actual, the core and the augmented product (Solomon, et al. 2011, p. 22). An actual product is the tangible good or service that delivers the desired benefit to a customer. In the retail petroleum industry we have a number of actual products that are offered to customers. Firstly, there is petrol and diesel, as well as related products including LPG...
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...James L. Go Return to GLOBE TELECOM INC Chairman, Chief Executive Officer, Chairman of Executive Committee, Member of Remuneration & Compensation Committee, Member of Audit Committee, Member of Nomination Committee, Chairman of Universal Robina Corporation, Chairman of Robinsons Land Corporation, Chairman of JG Summit Petrochemical Corporation, Chief Executive Officer of Universal Robina Corporation, Chief Executive Officer of Robinsons Land Corporation and Chief Executive Officer of JG Summit Petrochemical Corporation, JG Summit Holdings Inc. Background Mr. James L. Go has been the Chairman and Chief Executive Officer of Oriental Petroleum and Minerals Corp. (OPMC). since 2002. Mr. Go has been the Chairman of the Board and Chief Executive Officer of Universal Robina Corp.(also known as URC)- Parent of Nissin-URC; URC Philippines Ltd., Universal Robina (Cayman), Ltd., URC International Co. Ltd. and Robinsons Land Corporation since January 1, 2002. Mr. Go serves as Chairman and Chief Executive Officer of JG Summit Petrochemical Corporation, Manila Midtown Hotels and Land Corporation, Litton Mills, Inc., RLC, CFC Corporation, Universal Robina Sugar Milling Corporation, Southern Negros Development Corporation and Robinsons, Inc. Mr. Go has been Chairman and Chief Executive Officer of JG Summit Holdings Inc. since January 1, 2002. Mr. Go serves as President of Gokongwei Brothers Foundation, Inc. He joined URC in 1964. Mr. Go served as the Chief Executive Officer and...
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...Oil (Petroleum) Price Index - Includes Dated Brent, West Texas Intermediate, And The Dubai Fateh › See all The World indicators Detailed Analysis for Year: 2010 › Change year Full Dataset: from 1980 to 2016 Dataset updated: 1st August 2011 Datasource: International Monetary Fund (IMF) National or Regional Currency: US Dollar Currency Symbol: US$ The APSP denotes an equally weighted average of three crude oil spot prices - West Texas Intermediate (WTI), Dated Brent (Brent), and Dubai Fateh (Dubai). The prices of these crude oils tend to move together according to the inequality WTI > Brent > Dubai. Their price differentials reflect differences in American Petroleum Institute (API) measure of gravity, sulfur content, and overall weight. The WTI spot price refers to the physical delivery price for a barrel of WTI deliverable to Cushing, Oklahoma. The WTI price is frequently mentioned in the financial press, and is often described as the 'headline' oil price. The Brent spot price is the physical delivery price for a barrel of either Dated Brent (UK), Forties (Norway), or Oseberg (Norway) to Sullom Voe, United Kingdom (in the Shetland Islands). The Dubai Fateh spot price refers to the physical price for a barrel of Dubai Fateh deliverable in the Arabian Gulf at Dubai, United Arab Emirates. Crude Oil (Petroleum) Price Index - Includes Dated Brent, West Texas Intermediate, And The Dubai Fateh Statistics for The World, Year 2010 - In Detail Crude Oil (Petroleum) Price...
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...resources in the U.S environmental policy because each has an effect on the environment. Renewable energy is constant and can be found all over the nation, but may be costly in different ways. Fossil fuels may be a natural resource but are a one-time use that could eventually become obsolete, and could also be costly. Demonstrating in this research is a plethora of information leading to the outcome of the U.S environmental policy, and whether fossil fuels or renewable resources are best for the environment. Fossil Fuels include coal, petroleum (oil), and natural gas are concentrated organic compounds created from remains of plants and animals that lived millions of years ago formed into biomass. The refining and consumption of these resources have a massive impact on the environment and will eventually be exhausted. According to the US Energy Information Administration (EIA), fossil fuels meet around 82% of U.S. energy demand. According to the Institute for Energy Research, oil is the “transportation fuel” that makes all modern modes of transportation possible and moves both people and goods around the world. Once the products of refined crude oil came into widespread use, the US was transformed. Today, the most common products derived from oil are found in the energy sector: gasoline, heating oil, aviation fuels and diesel fuel. Oil is also the key ingredient in tens of thousands of consumer goods, including ink, plastic, dishwashing liquids, crayons, eyeglasses, deodorants, tires...
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...The SANGEA Accounting and Reporting System By: Henry Smith Accounting 3000 Table of Contents 1. Introduction Pg: 1 2. Background Pg: 2 3. History Pg: 2 4. Conventional Systems vs. SANGEA System Models Pg: 3 5. GAAP and iGAAP Pg: 4 6. How to Use SANGEA Pg: 5 7. Users of SANGEA Pg: 5 8. My Opinions Pg: 6-7 9. Appendices and Work Cited Pg: 8-22 Introduction Mostly everything in the business world has a system they use to collect and report inventory. “SANGEA, an automated, electronic data management information system, is owned by API [American Petroleum Institute] and was designed to assist petroleum companies with estimating, managing and reporting greenhouse gas (GHG) [Greenhouse Gas] emissions.”1 This system covers the accounting and reporting of six greenhouse gases by the Kyoto Protocol such as: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), and sulphur hexafluoride (SF6). The actual idea is quite simple with the following objectives in mind: to help companies prepare a GHG inventory that represents a true and fair account of their emissions, through the use of standardized approaches and principles, to simplify and reduce the costs of compiling a GHG inventory, to provide business with information that can be used to build an effective strategy to manage and reduce GHG emissions, and to increase consistency and transparency...
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...Reasons to Marijuana in the United States Orlando Perez ITT Technical Institute EN1420 Matthew L. Cole Abstract Marijuana legalization offers an advantage to the United States. Taxation would create much needed revenue just like alcohol and tobacco does for the United States. This taxation would create a quality control over the product. For the first time 52 percent of Americans support legalization of marijuana. Since 1996 over 12 million people has been arrested for marijuana. Over 3 billion is spent yearly on the war on pot which has done little or nothing to keep it out of the hands of youth. Surveys conducted on 2010 on Drug Use and Health says that 17.4 million of Americans used marijuana 30 days prior the survey. Education is the key. Many had been asking questions about marijuana because is currently an illegal drug for casual consumption yet, many Americans are not well informed when it comes to the medicinal use of marijuana. Currently twenty states and the District of Columbia use marijuana for medicinal purposes and two states Washington and Colorado legalized marijuana for occasional use. Reasons for the United States to Legalize Marijuana Marijuana use in the United States has been rising in recent years especially among teens. Today, many Americans think it is only a matter of time before marijuana becomes new trend just like tobacco was between the 1930s and 1980s. What is Marijuana? Marijuana is an herb that contains chemicals called cannabinoids...
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...1) What was the purpose of the essay? In your response, explore the deeper meaning of this question. The goal is not just to complete the assignment but instead to convey a message. What do you plan to accomplish with this essay? What do you hope the reader takes away from this argument? Inform readers of the advantages of alternative energy. I plan to successfully argue why alternative fuels are better than gasoline products. I hope the reader takes away how alternative energy could help preserve oil and possibly assist in driving down the cost of gasoline. 2) What did you learn from completing this assignment? Did you experience a new understanding of the topic? Did you change your perspective after completing the research? I learned how to affectively apply the Toulmin method in an essay. I experienced a better understanding of the topic from employing the Toulmin method. Yes, because originally I knew little about alternative energy and its affects. 3) What difficulties did you encounter during the research, writing, or editing phases of the assignment? I encountered the most trouble writing the essay. This is the first time I’ve wrote an essay that used this writing method. I feel like writing using the Toulmin method is very beneficial for me once I felt I understood it. 4) What did you enjoy about this assignment? I enjoyed the articles that I found on the topic that I chose. This assignment really helped me better understand how alternative energy is incorporated...
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