com/About_Marathon/Corporate_Profile/ Explain one possible option that Marathon could take to reduce the time involved in the production process. One possible solution to reduce time involved in the process would be to reduce the amount of days the petroleum is stored before being transported to jobbers, dealers, and convenience stores. I do not see why they cannot just transport it once it has been through the necessary parts of the process because by the time it is all finished 26 days have
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In an article written in the NY Times by Tom Zeller and John Broder titled “Gulf oil Spill is Bad, but How Bad?” on May 3, 2010 they explains the Golf oil spill as it was happening in the beginning. The article starts out by tell the reader that some expects have been quick to predict that the oil spill is an apocalypse to the area and cripple the area for years. As President Obama states the problem as “a potentially unprecedented environmental disaster”. After, scaring the read with this, the
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President of Nigeria is GoodLuck Jonathan. Its capital city is Abuja. Nigeria is the 12th largest producer of petroleum in the world and the 8th largest exporter of petroleum. It also has the 10th largest proven oil reserves in the world. In 1971, Nigeria joined the Organization of Petroleum Exporting Countries (OPEC). Petroleum is a very important aspect of the Nigerian Economy. Petroleum accounts for 40% of Gross Domestic Product and 80% of Government earnings. The main oil producing region is the
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Production and Operations Management Introduction Improving the operations of a company that will enhance productivity and product quality may not only certainly benefit a company’s bottom line, but can also benefit national interests. Marathon Oil, for example, is the United States’ “fifth largest transportation fuel refining company and the largest in the Midwest” (“Corporate Profile”). This Findlay, Ohio based company’s operations “include a six-plant refining network, a comprehensive
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Situation in Russia * Russian politics gained considerable stability after Vladimir Putin became president in 1999. * Country managed to maintain 5.2% growth in 2008, the Russian economy contracted by 7.9% in 2009. The Russian economy recovered in 2010, however, registering a growth rate of 3.9%. * Key Factors * But despite its established and seemingly stable political structure, Russia is considered to be one of the most corrupt nations in the world. * Russia scored 2
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Everyone’s gasoline problem The fluctuation in gas prices can be caused by many different reasons. One reason has to do with the economic growth of other countries and their demand for oil. Just like the book says, as demand for a product rises than the price for that product will do the same. Countries like China, India, and Brazil are making an economic growth that’s required more and more energy. Because most of the world’s oil comes from the same place, their growth impacts our gas prices
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Friday, November 13, 2009 Part III Environmental Protection Agency 40 CFR Part 112 Oil Pollution Prevention; Spill Prevention, Control, and Countermeasure (SPCC) Rule—Amendments; Final Rule wreier-aviles on DSKGBLS3C1PROD with RULES3 VerDate Nov2008 14:49 Nov 12, 2009 Jkt 220001 PO 00000 Frm 00001 Fmt 4717 Sfmt 4717 E:\FR\FM\13NOR3.SGM 13NOR3 58784 Federal Register / Vol. 74, No. 218 / Friday, November 13, 2009 / Rules and Regulations copy. Publicly available
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UK ECONOMY GROWTH FROM DEEP RECESSION: In UK, while considering the level of the decline is found by 2 factors, * After the big fall of international banking system there is more weakness in credit zone. * Failure in spending and producing the products by lack of confidence Recuperating the Economic level is not possible in short period. In 2009, UK GDP falls to 6%. It initially shows the negative GDP in 3rd and 4th quarters in 2008 and the government project there is no growth in country’s
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entity in the serene Himalayan settings - Oil and Natural Gas Corporation Limited (ONGC) was set up as a Commission on August 14, 1956. The company became a corporate on June 23, 1993, which has now grown into a full-fledged horizontally integrated petroleum company. Today, ONGC is a flagship public sector enterprise and India’s highest profit making corporate, achieving the record of being the first Indian corporate to register a five digit profit figure of Rs. 10,529 Crore in the year 2002-03. The
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In 2005 the price of crude oil averaged $50.23 per barrel. In comparison, the average price for crude oil in 2004 was $36.98 per barrel. Fast-forward to the present, and the price of crude oil averages $77 per barrel. Additionally, taxes account for approximately 19 percent of the cost of a gallon of gasoline. In my state of Washington, each gallon of gas is taxed at 54.4 cents 1 and the average cost for a gallon of gas is $2.93 2 Even when crude oil prices are stable, gasoline prices normally
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