BP, one of the biggest energy companies in the world, had an oil rig explosion, causing the largest spill in the U.S. history. On April 20, 2010 the explosion on the Deepwater Horizon oil rig resulted in the deaths of 11 workers and the leakage of over four million barrels of oil into the Gulf of Mexico. To show that BP is a company that takes responsibility for its actions, BP created the Gulf of Mexico Restoration page to provide information about the situation. “Gulf of Mexico Restoration” website
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Apache Corporation was conceived over 50 years ago. Its growth has created a company that is built to last. Apache was formed in 1954 with $250,000 of investor capital with the simple concept of becoming a significant and profitable oil company. Today, Apache Corporation is one of the world's top independent oil and gas exploration and production companies. Apache Corporation engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company’s
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High Fuel Prices and its Effect on the U.S. Economy The United States economy as a whole has been rapidly dwindling down of late, from its all time high marks in the late 1990’s and early 2000’s. Many Americans believe that the cause for this large downswing in the economy is due to the fact of the cost that the United States is putting into the War in Iraq. The war has caused some economic inflation over the past couple of years however; there are other factors that tie into the economic problem
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Review of Wall Street Journal Case 1 Article Name: Japanese Rush to Sell Gold as Price in Yen Jumps Article Address: http://online.wsj.com/article/SB10001424127887323820304578412283865306950.html?mod=WSJ_business_AsiaNewsBucket#articleTabs%3Darticle Review: The news shows when Japanese currency Yen is softening, the gold price is rising in Japan, which causes Japanese families rush to sell gold to gain more money. The phenomenon may indicate that the gold demand in Japan is slightly elastic
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Chevron Corporation What began as the Pacific Coast Oil Company on September 10, 1879 in San Francisco transformed into what is now Chevron Corporation, recently ranked 8th among the world’s top oil companies by Petroleum Intelligence Weekly in 2011, second among US oil companies behind ExxonMobil. The company has a market capitalization of over $204.9 billion. They have expanded into essentially every area of the energy industry, including exploring for, producing, and transporting crude oil and
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Matthew Hecker Mr. McIntire Public Speaking 2 2 November 2012 Alternative Forms for Transportation With the rising gas prices, more and more people have turned to other forms of transportation to save every dollar to make it through this hard economy. Many have turned to public forms of transportation, such as busses or trains. Others have taken up another growing form of transportation, carpooling. Some have even taken it upon themselves to get a bicycle, or walk, which would be means of
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higher compression than gas engines do. A diesel engine typically runs 16:1-23:1 or 250-350 psi. (Robert Baker February 2010) Biodiesel is made from used cooking oil mostly. It can be made from any type of vegetable oil, used or not, but not from petroleum based oils, like motor oil. It has to go through a cleaning process through adding ingredients such as catalyst and methanol. You cannot take straight used vegetable oil and run it through your motor; it will clog the engine and create huge problems
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when Asiatic Petroleum, the far eastern marketing arm of two companies: Shell Transport Company and Royal Dutch Petroleum Company began importing kerosene oil from Azerbaijan into the subcontinent. Even today, the legacy of the past is visible in a storage tank carrying the date - 1898. The documented history of Royal Dutch Shell plc in Indo_Pakistan subcontinent dates back to 1903 when partnership was struck between The Shell Transport & Trading Company and the Royal Dutch Petroleum Company to
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This planets dependence on oil is ridiculous, I often think what ever would we do if we ran out of oil deposits in the world where would we get our energy, or fuel for our vehicles amongst other things that oil is responsible for making. One alternative to using crude oil is the invention of electric cars or hybrids as we see on the road everyday most common is the Toyota Prius. It was best explained that "the plug-in hybrid still faces the same battery issues that have plagued electric car development
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governments to generate the best solution. Producing countries struggled heavily when oil prices went down and had to lay off large number of employees which gave poverty a rise. Even though the petroleum industry has its upsides, it still has many downsides. World Bank Report remarked “The exploitation of petroleum and mineral resources has been linked to corruption, conflict and poverty”. (Energy and, 2006, p.11). To put it in other word any change any oil prices highly affects both producing and consuming
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