Earnings Management Study Oil & Gas Industry Abstract This study mainly focused on the earnings management in oil and gas industry and we used Jones model to detect discretionary accruals in the subject companies. Specifically, we examined three oil and gas sample companies that have been required to restate their financial reports due to the oil reserve overestimation. After running the regression and
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What is fracking and it’s negative aspect: Fracking is the process of extracting natural gas from shale rock deep within the earth… Like any other method of extracting energy, fracking has its advantages and disadvantages. As discussed in the class it has a negative consequence on the population, also the waste fracking fluids or chemicals can cause more pollution because they go into water table. Another environmental issue is air contamination. Bouble in the 90s The shale boom is on par with
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4.2.5 Critical accounting judgements and key sources of estimation uncertainty This section describes the critical judgements that the Group has made in the process of applying the accounting policies. The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union (EU). The accounting policies applied by the group also comply with IFRS as issued by the International Accounting Standards Board (IASB)
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Hydraulic Fracturing Does More Bad than Good Oil is a very important asset in life today. Everyone needs oil for one thing or another, especially transportation. Generally, the United States imports most of its oil from foreign countries for American use, however, in order to limit how much America relies on foreign oil, hydraulic fracturing is used. Hydraulic fracturing sounds like it would solve a lot of problems for the United States. Having a supply of oil for its own citizens rather than importing
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The Keystone XL Pipeline: It’s a Good Thing By: Samantha Prewitt The Keystone XL Pipeline: It’s a Good Thing The Keystone XL Pipeline Project is a proposed crude oil pipeline that begins in Hardisty, Alberta, Canada, crosses through an international border and ends in Steele City, Nebraska. From here it connects with existing pipelines, which will allow American oil producers more access to the large refining areas located in the Midwest and along the US Gulf Coast. It has been six years
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Iowa State University Digital Repository @ Iowa State University Graduate Theses and Dissertations Graduate College 2012 Three essays on biofuel, environmental economics, and international trade Jingbo Cui Iowa State University Follow this and additional works at: http://lib.dr.iastate.edu/etd Part of the Agricultural and Resource Economics Commons, Agricultural Economics Commons, Economics Commons, and the Natural Resource Economics Commons Recommended Citation Cui, Jingbo
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SWOT analysis Strengths * One of the biggest in the energy sector * Dominant market position, top in market * Huge geographical reach * High quality global operations * Very strong brand name | Weaknesses * Cost of environmental hazards * Decline in crude oil and natural gas production * Reaching maturity * Controversies and criticisms * Negative perception | Opportunities * Increasing fuel/oil prices * Increasing natural gas market * More oil discoveries * Expand
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Paul Fuller Problem: Gas Prices Are to High One of the major issues in America is gas prices are to high. I lived in Jacksonville Florida where gas prices were almost four dollars a gallon. This can be a major problem for families on a budget who cant fill their tank to take their kids to school, buy food, or even make it to work. A lot of people wonder why gas is so high. Commodities traders cause high gas prices. They bid up the price of gas contracts on the commodities futures markets
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Shell in Nigeria Shell is a multinational corporation that for 50 years has been intimately involved in Nigeria’s economy, politics and overall development. Company generates billions of dollars in export earnings while providing the federal government with half or more of its revenue. Shell has also been implicated in government military actions that have resulted in the killing of non-violent community, human rights and environmental activists and local villagers, as well as the oppression of
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Elias T/TH 9:00- 10:20am Effluvium The perspective I have chosen is social-conflict theory. Society is not integrated, but actually full of unequal divisions. We have scarce and limited social resources, PWP (power, wealth, prestige). We are in constant competition for them and conflict is the result. The emerging social structures benefit some in obtaining or retaining PWP at the expense of others. Using this type of analysis in reviewing the documentary “Gasland”, directed by Josh Fox, we
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