Oil Essays

Bp Vs Exxon

The BP oil spill is the most resent oil incident. The oil spill was really big and caused a lot of mess and damage to nature. It killed a lot of animals and fish and made the water dangerous. BP says that they were working hard to clean the oil up. They were taking a really long time. BP has responded to todays US Government report into last year’s Deepwater Horizon accident, it says it agrees with its core conclusion,…

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International Oil and National Security

When oil fueled the navies of both Britain and the United States in World War I, it began the tremendous impact oil would have on the world. When British and French forces were threatened with oil shortages, the US gave the much needed help. Without the same assistance, Germany had to shorten critical operations. Since military hardware were all dependent on oil for power it became important that their countries have access to oil. Britain had access to Middle East…

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The Effect of a Global Oil Shortage on the Us Economy

Oil is a very important 21st century product. It is a vital source of energy, an irreplaceable transport fuel, and an essential raw material in many manufacturing processes. Crude oil is a source of great economic power. Since its production cost in many places is far below its selling price in world markets, the ownership and control of oil reserves have been a means by which great wealth has been earned and lost (Deffeyes, 2001). Oil has become the world’s…

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Effect of Supply and Demand and Gas in our Lifetime

Oil has been an integral socio-economic vehicle which within the corporate scene remains a highly competitive socio-economic driver. Due to vast uses and demand, oil has become controversial and elastic in socio-politics. Here we see it causing socio constraints in oil producing countries and collapsing political institutions. Socially oil has a significant contribution in our general lifestyle. It has a comparative role within the context of mobility and industrial function where it is used in factories as well as in…

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Developments in Cold Environments Sustainable

To what extent are more recent developments in cold environments sustainable ? Fishing can disrupt food chains. For example krill fishing in the southern ocean is depleting food supplies for whales and penguins. Overfishing of a species can severely deplete its population, sometimes beyond recovery. Overfishing of the patagonian toothfish in the Antarctic is currently a concern. Bottom trawling catches fish by dragging nets along the sea-bed. This disrupts the eco system by reducing light levels thought increasing turbidity and…

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Oil Crisis of 1973 1974_ a Brief History with Documents

During the fall of shah, massive crisis occurred especially in the oil resources, and the United States was not able to foresee such crisis. It is a well known fact that Iran served as one of the top most provider of world’s oil, and even Saudi Arabia proclaimed the initiation of Iran’s oil production. For the record, it is Iran who has been supplying the global oil requirement for at 5 to 7 percent . However, with such dependence on…

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Keystone Xl Pipeline

Remembering back to the BP oil spill in the Gulf of Mexico in 2010 it took place from April 20- September 19, 010 when it was officially sealed. Although oil spreads faster in water than it would on land or underground the environmental impacts would on land as in water be detrimental. An oil spill in the middle of the United States (Nebraska) could lead to the harming of an aquifer that supplies 2 million people with drinking water. Remembering…

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Oil and Fuel Prices

Since 1980s, the price of fuel and oil has assumed an upward trend. The price of crude oil per barrel was being sold at 40 dollars. In 2007 it was 92 dollars and in February 2008 the price per barrel hit 103 dollars. The rise in oil and fuel prices has led to the rise in the living standards as most commodities are either directly or indirectly affected by it. Many items that are used in our homes are the…

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The Organization of the Petroleum Exporting Countries

The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five Founding Members were later joined by nine other Members: Qatar (1961); Indonesia (1962) – suspended its membership from January 2009; Libya (1962); United Arab Emirates (1967); Algeria (1969); Nigeria (1971); Ecuador (1973) – suspended its membership from December 1992-October 2007; Angola (2007) and Gabon (1975–1994). OPEC had its…

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The Keystone Xl Pipeline

The Keystone pipeline is a pipeline that will carry 900,000 barrels of a mixture of synthetic crude oil and a combination of bitumen and diluents. This pipeline already goes from Canada to Missouri, but plans are in place to extend this pipeline down to refineries in Texas and then out to the Gulf Coast. There are several debates and articles supporting and opposing this project (Palliser, 2012). Opposing TransCanada is the company that is building the Keystone pipeline. The pipeline…

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Alaska Oil Drilling

With the current market trends and the increased demand for crude products, many governments are trying various means to look for alternative reservoirs to meet the needs of consumers and industries. In the United States, one important agenda that the government is advocating involves a program that will address the current needs of American society – exhausting its oil reserves in Alaska. By advocating Alaska oil drilling, America can alleviate the plight of consumers with the increasing prices of petroleum…

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How Oil Shaped Post War World

“If one commodity can claim credit for the startling advances seen in the world in the 20th century, in particular in developed industrialized countries, it was crude oil- soon to be dubbed ‘black gold’. ” Oil became an influential substance in the post war times, economically and also in shaping countries’ foreign policies. Whichever countries controlled oil controlled much of the world’s policies. After the increase in industrialisation and manufacture in the post war times, oil became a ‘must have’…

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Oil and Natural Gas_ Its Effects to America and the Global Economy

Oil and natural gas have a very important role in the lives of almost all people in the world. These have been the primary source of energy that fuels the technological civilization that exists at the present. Its importance could be seen in the everyday lives of most individuals. The moment someone wakes up in the morning and read the newspaper up to the time that same person would sleep in the comforts of his/her home, the utilization of petroleum…

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The Supply and Demand of Oil

Most people, especially the anti-American regime, blame George Bush as the main reason why oil prices in the international market has been increasing in the recent years. According to them, George Bush serves as an avenue for Iraq and its allies in the Middle East to cut their supply of oil in the world market as a “payback” for attacking Iraq. Back in the early 2000’s, George Bush commence a war against Iraq for the reasons that he want to…

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Virgin Coconut Oil

VCO is now getting global reputation as the healthiest and versatile oil in the world. The Philippines is one of the best sources of virgin coconut oil and it’s popularity in the country is legendary. Although not an herb, we decided to make an article about VCO because of the growing interest on the oil and after receiving several inquiries from our visitors. Virgin coconut oil and regular coconut oil is rich in Lauric Acid, an essential fatty acid that…

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