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The Implications Of Oil Trade
Even the important contribution of Chapter 2, the proposed analysis requires a deeper study to understand the implications related to oil trade and how
the expected oil production will be consumed by the demand. Considering only Canada for all the expected oil production from the Western provinces
doesn't seem enough. To achieve the forecasted production levels, producers of Western Canadian oil must find a market that values their oil at
reasonable price. Without access to seaports, Alberta and Saskatchewan need to develop their transportation capacity to export this expected production.
The challenge related to the increasing availability of Western Canadian oil and its distribution to domestic and international markets is imminent.
Indeed, uncertainty in oil reserves and production implies uncertainty on future trade movements, and consequently, on oil corridors. It is now
becoming a political, economic and national security matter that this oil finds access to other markets and export opportunities (McKenna, 2013). As
for their actual markets, maintenance on existing pipelines and the necessity of upgrading refineries to process this crude oil from Western Canada
create bottlenecks upstream that increase the constraints to allow the expected growth. All these challenges have economic implications that translate
in a price differential. The oil production surplus and the inability to reach external markets already have negative effects on oil prices for Western
Canadian
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Scrutiny: A Brief Summary And Analysis
THREE LEVELS OF SCRUTINY FOR EQUAL PROTECTION CHALLENGES
The legislation has a weighty influence on people, whether the decisions are made in proper or improper ways. In recent years, the Supreme Court
has developed the three levels of scrutiny for equal protection challenges (Snider, 2014). Among those levels of scrutiny are: Strict scrutiny,
Intermediate scrutiny, and rational basis review. Strict scrutiny is the way of legal reviews, which are used to define the constitutionality of laws. It is
considered to be the highest level among all the legislation controls (Snider, 2014). The Supreme Court of the USA defined that legislation, which
discriminates on the basis of national origin, religion, race must pass such level of protection as strict scrutiny ... Show more content on Helpwriting.net
...
If government enact legal document, which has a negatively influence, intermediate scrunity is to be applied (Hashmall, IS). As it goes from the title,
intermediate scrutiny is less strict than the strict scrutiny but more rigorous than the rational basis review. Intermediate Scrutiny has its own tasks.
Among them is protection from gender discriminates and also due to first amendment cases (Hashmall, IS). Another title of intermediate scrutiny is
"heightened scrutiny". Firstly, the intermediate scrutiny test was applied in the case Craig v. Boren in 1976. It was applied because of statute
discrimination on the basis of gender. Also, courts apply intermediate scrutiny test to the cases, which are related to the violation of the first
amendment. Among such cases were: Us West, Inc. v.United States (1994), Am. Library Ass'n v. Reno (1994), MD II Entertainment, Inc. v. Dallas
(5th Cir. 1994) (Hashmall, IS). The third level is known as rational basis review. It is considered to be the lowest level of all scrutinies. Rational basis
review appointed for the determination of the statute or decree constitutionality. When no exclusive rights are on the point in
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Essay On California
California has one of the highest gas prices in the United States (Laskoski, usnews.com). However, compared to many developed nations, United
States has one of the cheapest gas prices (Hargreaves, CNNMoney.com). Discussion of the reasons gas prices fluctuate is a detailed matter which
requires an overview, starting from the extraction of crude oil, chemical processes, regulations, taxes, and gas retail market. The factors that can affect
the price at gas station can be categorized into three main categorize including crude commodity prices, technology regulation and taxes, and retail
market. As crude oil is the base resource for the production of gasoline (also known as Gas or Petrol, not be confused with Petroleum) its price plays an
important
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The Price Of West Texas Intermediate
When faced with a downward sloping demand curve, a firm is said to have some degree of market power and will therefore produce to the point where
marginal cost equals marginal revenue in order to maximize profit. In other words, if a firm is producing too much of a good and selling it at too low
of a price point, the firm will scale back production in order to sell at a higher price. Beginning June 2014, the price of West Texas Intermediate (WTI)
crude has dropped from $105 per barrel to where it is now currently priced at $42 per barrel on November 2015, constituting a price decrease of more
than 60% over a period of eighteen months. This price drop is due to an increase in oil production primarily coming from Saudi Arabia and Iraq along
with the American shale plays that is causing an outward shift in the global supply of crude oil. With the short term demand for oil being inelastic, a
moderate increase in supply will cause a large decrease in the market price. Basic intuition of an oil producing firm with enough market power to face
a downward sloping demand schedule, OPEC, would have it so production is scaled back in order to drive prices back up to former levels, however,
this is not the case of what happened. OPEC, along with its lead producing country, Saudi Arabia, has been producing at their maximum production
capacity in order to saturate the market as much as possible and drive oil prices down even lower.
The Organization of Petroleum Exporting Countries,
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Essay on Oil in Texas
How did the national demand for oil affect the local businesses in Texas, and how did Texas oil discoveries affect the national oil market? As the
Texas oil industry grew, so did related industries. Some companies began producing oil by–products such as petrochemicals. Others produced pipelines,
barrels, and oil–field equipment. As these companies began moving into oil towns such as Houston, Beaumont, and Port Arthur, they further expanded
the local economies. Some moved into small towns, quickly turning them into cities. In North Texas the town of Wichita Falls grew from 8,200
residents in 1910 to about 40,000 in 1920.The state income also increased from just over $101,000 in 1906 to $5.9 million in 1929, largely due to the oil
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Gradually, the oil glut began to affect ordinary Texans. Soon after Spindletop, the availability of an ocean of cheap oil encouraged its use as fuel
for transportation and manufacturing. After railroads converted from coal to oil, steamships followed, led by those operating in the Gulf of Mexico
and the Caribbean. As automobiles became more common, roads began to be paved across the state. Mechanization of farm work increased quickly,
enabling farmers to produce more food with fewer people. Manufacturing plants developed in the formerly agricultural state, using cheap oil as fuel.
Texas' population scales, heavily weighted toward the rural before Spindletop, started to balance, and by 1940, the population was almost even: 55
percent rural and 45 percent urban. World War II tipped the scales, however, when wartime jobs at manufacturing plants in the cities lured large
numbers of people from farms and small towns. Most never returned. This displacement of farming families was exacerbated by the absorption of
many family farms into large corporate operations. Increasing numbers of migrants from other states and foreign countries also settled principally in
urban centers. By 1980, the state was four–fifths urban. The political economy of resource–rich states faces an inherent tension between the role of the
state and the private sector over control of
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Effects of 9/11 on American Economy Essay
The September 11 attacks were set of four terrorist attacks controlled by al–Qaeda, an Islamic terrorist group. On September 11, 2001, four aircrafts
were hijacked by the terrorists; two of the planes hit Twin towers in New York, third hit the Pentagon and the fourth one crashed into a field near
Shanksville, Pennsylvania ("9/11 Attacks"). TheSeptember 11 attacks had several long–term negative effects that include Social effects, Psychological
effects, Physical health effects, Economic effects and many more. But of all those effects, Economic effects were the most suffered ones. The 9/11
attacks triggered the devastation of American economy (Miley). Although it has been 12 years since the episode and America has recovered a lot,
American ... Show more content on Helpwriting.net ...
Although the gas prices are steady between $3 and $4, it is $2 approximately more than it was before 9/11 attacks (Miley). Housing in America also
had a significant impact due to 9/11 attacks. The average price for a house in America in 2001 was $156,600. The home ownership rate during the
first half of the year was 67.5%; meaning that 67.5% of the population owned a house. As Miley explains, "The fed funds rate [is] the interest that
banks charge each other for short–term loans [and it] influences rates on other loans, such as mortgages." The Federal Reserve had a target federal funds
rate of 6.5% for 2001. Four fed rate cuts were made after 9/11 and the fed funds rate was 1.75% in the end of 2001. Housing prices rose rapidly
following the terrorist attacks. The median home price was $221,900 in the year 2006. From 2000 to 2006, housing prices escalated an annual rate at
8.26%; while in the 1990s, the annual increase in housing rate was 4.22% (Miley).
Unemployment rate also had bad effect in America due to 9/11. The unemployment rate was just 4.9% in 2001 before the 9/11 attacks. But after the
attacks, approximately 600,000 jobs were lost. Of those, 226,000 jobs were in travel and tourism. Not only that but also 1,100 businesses were
disturbed at the World Trade Center. The unemployment rate was 5.7% in the end of the year (Miley). In 2011, the unemployment rate was 9.1% and
as of October 2013,
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An Oral Interview With Vanna Moore Essay
Reflection Paper
On September of 2016, I did an oral interview with Vanna Moore about her military past and Vanna's ties to Texas. Over the whole interview, I asked
her questions about her experience in Afghanistan and how it shaped her views of her state of Texas. Through her interview, Vanna touched on her
feelings about Texas, the military, American culture, and life after military. At times, she seemed comfortable and at ease sharing her thoughts, and
other moments seemed more difficult to get through. This interview helped me to understand that military service can really shape a person's world
view, both abroad and at home. Additionally, after this oral interview experience I feel like I know how to effectively use oral histories in my future
classrooms. During the beginning of the interview I asked Vanna "What do you think the difference is betweenWest Texasand other regions of the
state?" At first, her answers consisted of a lot of "umms", but after she got more comfortable, she said, "So, it's kinda like our own little world. ... The
people are like, are more like small town people, they're...more like hospitable." Vanna described West Texans as hospitable and having small town
behavior. The small–town mindset, that Vanna referred to is what Hollywood has portrayed time after time. Also, in the same response she said "Well,
obviously, we're nothing but oil field, mesquite trees and it's dry, and you go to East Texas, and there is humidity, and green grass, and
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West Fertilizer Company Case Study
West Fertilizer Company Fire & Explosion
Case Study Report
Group 6
Abhinandan Sakhare, Jawahar Khetan, Mahati Ganji
Abstract
On the 17th of April, 2013 a fire and subsequent explosion at the West Fertilizer Company facility in West, Texas caused the death of twelve emergency
responders, three civilians and injured over two hundred and sixty others. The explosion destroyed the WFC site and many other buildings, making it
one of the "most destructive incidents investigated by the U.S. Chemical Safety Board."[2] The CSB report found that a fire of unknown source
caused the piles of stored ammonium nitrate to be covered with soot which heated up and eventually caused the ammonium nitrate to detonate. OSHA
and the EPA, neither had regulations... Show more content on Helpwriting.net ...
It was used for the storage of fertilizer, grain, farm equipment and herbicides and employed ten people. The main building of about 12,000 square
feet stored fertilizer grade ammonium nitrate in plywood bins approximately 10 feet high and 8 to 20 ft wide but they were rarely full since the
structure could not handle the weight [2]. As the building was over fifty years old and had a wooden frame construction, it did not have sprinklers or
fire alarms [4]. Table 1 shows the inventory stored in the WFC at the time of the explosion. Table 1: Inventory in WFC in April 2013[2]
During a period of several years, the city of West led to the development of land near West Fertilizer Company including parks, apartment complexes,
schools, and a nursing home. The following figure and table shows the location and people in various buildings near the company [2]. Figure 1:
Neighborhood of WFC [2] Table 2: Overview of WFC facility [2]
1.3 Ammonium nitrate
Ammonium nitrate is relatively inexpensive to produce, has a 100% bioavailable nitrogen content and is highly soluble in water making it one of the
most widely used fertilizers today [6]. However, it also has an established history of being used as an industrial explosive, most significantly in
Ammonium Nitrate Fuel Oil (ANFO) which makes up over 80% of explosive use in the US [6]. Although pure ammonium nitrate is not flammable or
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Swot Analysis Of Whole Foods
Introduction Whole Foods MarketВ® is the world's leading food market chain of natural and organic foods, with 193 stores in thirty–one states, Canada
and the United Kingdom. Originally established in Austin, Texas in 1980. They own and operate many subsidiaries. Allegro Coffee Company
was formed in 1977 and purchased by Whole Foods Market in 1997, currently acting as their coffee roasting and distribution center. Acquired in
1996, Pigeon Cove is Whole Foods' seafood processing facility, the sole food market to own and operate a waterfront seafood facility. Two other
subsidiaries are Produce Field Inspection Office and Select Fish, which is Whole Foods' West Coast seafood processing facility acquired in 2003.
In addition, the company has eight distribution centers, seven regional bake houses and four commissaries (Pearce & Robinson, 2013). Background
/ Problem Statement The demand for natural and organic foods has grown by 5.1% over the past several years, primarily dominated by Whole
Foods specializes in the shopping experience, product quality and take outs of premium selections. This increase has gained the competition from like
competitors of grocery food chains closing the gap on this market niche where profits are being jeopardized. Their strategy has been opening new
stores or acquiring stores in upper class locations as primary markets to increase sales. Costing $2–$3 million and a year before an operation and
trouble to secure new locations Whole Foods regrouped
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Gasoline Problem
Gasoline Problem Gasoline prices have fluctuated widely during the last few years. According to the Department of Energy, the price of gasoline
was $3 in the summer of 2006 and it decreased to $2 in 2007 (Taylor & Weerapana, 2007). Most of the oil is produced and refined by a consortium
of countries called OPEC. They are mostly located in Africa, Middle East and South America. Though these countries try to limit price
fluctuations, their production and distribution directly affects the price of oil. The price of gas depends to some extent on its origin. For
example, the West Texas Intermediate (WTI) is cheaper than other kinds of oil because they are produced and refined in the US. So, the supply
chain is shorter and this makes it cheaper than the oil produced by foreign countries (Ferrell & Hartline, 2010). Another important factor that
determines the price of gas is the worldwide demand. The emergence of developing countries like India and China have fueled the demand for oil
(Graham & Graham, 2005). When the supply is unable to meet the demand, the price of oil spikes. Oil is traded around the world in US dollars.
When the value of US dollar decreases with respect to other countries, then the OPEC countries earn less. To compensate for this lower profit, they
will increase the price of oil and this will cause the prices to rise at the pump. The reverse happens when the value of US dollar increases with respect
to other countries. The price of gas has varied
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Community Vitality At University Medical Clinic
COMMUNITY VITALITY
During the windshield assessment of Fabens, TX, not many citizens were seen walking outside. There were a minute amount of people seen outside a
gas station, filling–up their cars within the community. Additional citizens were mostly seen at University Medical Outpatient Clinic. Consequently,
there were neither tourists nor apparent visitors to this town except for us solitary Texas Tech students. Perhaps, the only noticeable, prospective
visitors may have been those individuals seen near an Interstate 10 gas station, situated on the edge of this township. Most citizens that were look to be
between the ages of 35–65 years old, with the exception of a hand–full of children. That was seen at the health clinic; ranging in between the ages of
7–12 years old. Hispanics were the only visible ethnicity detected during the conduction of this assessment.
The general appearances of those constituents were healthy, clean, and decently dressed. None of the citizens appear to be malnourished and those
who exemplify obese attributes were no more than 20 pounds overweight. No citizens with disabilities or mental disorders were seen. None of the
citizens that were observed seemed to under the influence of alcohol or drugs. During the assessment, there were no pregnant women or women with
strollers seen.
INDICATORS OF SOCIAL AND ECONOMIC CONDITIONS
The homes within Fabens, Texas consisted mostly of old single wide trailer homes on small plots of land
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DLA-Energy
Lastly, while it does not reduce fuel usage, modifying the method in which the Air Force purchases fuel will certainly have a positive effect on the total
cost of energy. The Defense Logistics Agency–Energy (DLA–Energy) is the primary supplier of bulk petroleum, oils, and lubricants (POL), including
all variations of jet fuel. Currently, DLA–Energy offers a level of price stability through the use of a standard price of fuel. The standard price is set
nearly a year in advance of budget execution to approximate the actual price per barrel during execution, and is calculated using fuel price projections
for the next 18 months . This projection includes the costs of transporting, storing, and managing the government fuel system which includes... Show
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Figure 13 shows the historical variance between DoD estimated fuel costs vs actual. Figure 13: DoD Estimates Versus Actual Fuel Costs (2009–2013)
The USAF could reduce their fuel cost simply by implementing a different method for fuel procurement with a secondary benefit of stabilizing the
volatility in fuel prices. By mitigating exposure to volatile jet fuel prices, the Air Force will stabilize fuel budget and achieve an average price of jet
fuel either at or below DLA–Energy's standard price of fuel. One possible fuel procurement strategy is for the Air Force to develop an official fuel
hedging policy. Fuel Hedging can assist with stabilizing fuel budgets, as it allows for the establishment of a fixed or capped fuel cost, which helps to
mitigate exposure to volatile and increasing fuel prices. Over 96 percent of airlines maintain official fuel hedging policies with the primary purpose
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Puerto Rico: Limited Jurisdiction Courts
Introduction Puerto Rico has already developed a system of courts that is very similar to that of most states in the U.S., including municipal courts
that have been merged with the court of first instance, an intermediate appellate court and a supreme court. Almost every state now has these four
levels of courts, and the recent trend has included merging the municipal or limited jurisdiction courts with the general jurisdiction courts, and
requiring their judges to be trained lawyers. Unlike most states, however, judges in Puerto Rico are appointed rather than elected and serve with
lifetime tenure, as do those in the federal courts. There are no partisan or nonpartisan elections, retention elections or recall votes of the type that
are so common in the fifty states. In addition, for four centuries the Puerto Rican legal system was based on the European or civil law model rather
than the English common law, although over the decades it has become increasingly 'Americanized'. Initially, the U.S. legal system was widely
regarded as a tool of imperial or colonial domination, especially since Puerto Rico never had any chance for independent development but went
directly from being a Spanish colony to a U.S. one in 1898. Over time, however, Puerto Ricans of all classes gradually adopted this system and made
it their own, particularly as the island began to urbanize and industrialize in the 1950s and 1960s and the demands on the court system increased
greatly. Puerto Rico's
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Evaluating The Economic Impacts Of Pipeline Useage On The...
EVALUATING THE ECONOMIC IMPACTS OF PIPELINE USEAGE ON THE TEXAS OIL & GAS SUPPLY CHAIN By JASHANDEEP
SINGH Presented to the Faculty of the Graduate School of The University of Texas at Arlington in Partial Fulfillment Of the Requirements For the
Degree of MASTER OF SCIENCE THE UNIVERSITY OF TEXAS AT ARLINGTON August 2015 Copyright © by Jashandeep Singh 2015 All
Rights Reserved Acknowledgements This thesis dissertation is a milestone of my academic career. I would like to express my sincere gratitude to my
advisor Prof. Erick. C. Jones for his support for my MS thesis, for his immense knowledge, patience and motivation. I would also like to thank the
members of the thesis committee ............ for their encouragement, comments and their... Show more content on Helpwriting.net ...
In order to meet the objective, specific objectives were put down to evaluate their impacts. First was to evaluate the economic impact of mode of
transport and the infrastructure second was to evaluate the economic impact of refinery sustainability. Finally this dissertation aims at the mixed –
integer programming model to demonstrate the economic impacts on the supply chain. Table of Contents AcknowledgementAbstract
Acknowledgements1 Abstract2 Chapter 18 Introduction8 1.1 The dependency of Texas economy on oil & gas sector8 1.1.1 Problem Statement9
1.1.2 Research Significance and broader impacts10 1.1.3 Research Question and Hypotheses11 1.2 Research Purposes11 1.2.1. Overall Research
Objective11 1.2.2 Specific Research Objectives12 Chapter 213 Background13 2.1 Crude oil13 2.2 Crude Oil Extraction17 2.3 Crude Oil in
Texas22 2.4 Texas Economy and Crude Oil36 2.5 Oil Transportation and Storage41 2.6 Role of Pipelines48 Chapter 352 Methodology52 3.1
Description52 3.2 Hypothesis statement53 Chapter 461 Results61 Chapter 565 Contribution to the Body of Knowledge65 5.2 Limitations and Area of
Disciplines66 5.3 Intellectual Merit and Broader Impact67 Appendix A69 References70 List of Illustrations Figure 1.1 Texas Field Production of
Crude Oil9 Figure 2 Snapshot of the Excel Model56
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Fatigue Ethics: Aristotle's Cardinal Virtues
Virtue Ethics
For the West, Aristotle and Plato are said to be the founders of Virtue Ethics. Plato's cardinal virtues are: the courage (the heart, the soldier) is the virtue
of the spirited or passionate or emotional aspect of humans, sensuous (the body, the worker) appetite the virtue is temperance, and reason (the mind, the
philosopher king) is the great virtue that makes us dignified and distinctively human. If all these virtues are well developed and balanced, we have a
just human being and justice in society or the republic. (McKinney, pg.93). Aristotle's Nicomachean Ethics offer insightful perspectives on proper
action and virtue that is rooted in ancient Greek philosophy and remains relevant in our modern world.
From my understanding, ... Show more content on Helpwriting.net ...
"A virtuous person of honesty will find it much easier, to be honest than a non–virtuous person." (McKinney pg. 92). Divine command theory is based
on the understanding that moral value and moral obligation are consistent with obedience to God's commands. According to God's command, it
would be wrong for a person to kill another person for "there is no right time for murder or the right amount of murder." (MacKinnon pg. 93).
Contrastingly, moral relativism stresses that there is no absolute moral law that applies to everyone, at all times and in all places. There are different
moral practices where the situation and personal encounters are supposed to control the moral position. Additionally, ethical egoism views all actions
to be selfishly motivated. "I ought to look out for my self–interest and I ought to be concerned about others only if it contributes to my own
self–interests." For example, when we do things, such as walking, it is important to consider what the purpose of that action is. Walking contribute to
a healthy life, then a part of our purpose in life is to exist with health. This action is morally right if and only if it is to the advantage of the person doing
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The Oil And Its Effects On The Economy
We go to know on the ecuadorian oil situation, his commercialisation to national and international level, analyse the diverse systems of exploitation that
at present are treated of unsuitable form and with big deficiencies in the state field Know on the functions that operate at present in Petroecuador, and
his result in the Ecuadorian economy. Know those who find mayormente benefited with the resource of the oil in the Ecuador, and as they find
structured said advantages as they were the one of a good economy in the country and now is a difficult very high that are crossing. In our country the
fall of the price of the oil would mean that the ecuadorian debt will keep growing by several reasons, between them, the prices that renegotiated with
the companies devoted to the activity in the country, after the extension of the agreements. In this subject will speak about the situation that is living
our country Ecuador and the diverse factors that influence so that the oil go down of price and as this keeping in the actuality.
The oil in the Ecuador This fatal the fall of the prices of our oil does but difficult the efforts for continuing with the public work that allows the creation
of employments, stimulate the trade and dinamizar the economy in general, has to be a priority of the country, has to think in the insustituible need of
investment in social expense, allocated to the public health and education. Po His part, the National Government resolved to ask to the
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Tall Grass Research Paper
The location of tall grass prairies is between the Mississippi River and Nebraska.the climate change of tall grasses is 10 inches in the west and 30
inches in the east of rain per year. Which means it helps the plants and wildflowers to grow and it provides for the food chain because it helps rivers
and lakes get more water. Growing season late spring to early fall 50 degree FВ° to 70 degree on average. Dormant season which is late fall to early
spring, – 40 degree F to 50 degree F, tall trees are not able to grow there because there is not enough precipitation. The soil is dark brown or black in
color, also soil have formed under grassland vegetation, heavily influenced by the closely matted roots in the dense sod of the thick growing grasses.
Roots eventually decay underground putting nutrients back into the soil, making it richer. Plants and... Show more content on Helpwriting.net ...
Big bluestem grass (Turkey food) adapted to growing into growing in dense stands allows for less competition of sunlight generally, the key to
survival are thick deep roots. Anchor into the soil to prevent being blown away in the wind. Animals in short grasses. The prairie dogs essentially are
the squirrel of the prairies normally, squirrels inhabit trees, but in the prairies there aren't any trees. Therefore they burrow underground. Adapted to
creating guard systems some stay outside the burrow to watch for predators while others mate and connect burrows . Adapted to semi–arid, windy
environment with few trees or shrubs. Many Of the animals are thankful for the rodent populations and steal their burrows to survive the freezing to the
sweltering hot temperatures. They can also withstand a great range in temperature from well below freezing in the winter to sweltering heat in the
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Monarch Butterfly Research Paper
Monarch Butterfly Life Cycle and Migration
The Monarch butterfly is a large orange and black butterfly that has been very well known throughout our lives, catching our eyes almost instantly. As
children, many of us used to chase the creature around in our yards all spring and summer long. But, where do these Monarch butterflies disappear to
when the climate changes and winter approaches, and what brings them back? The Monarch butterflies in North America undergo what is known as the
longest insect migration in the world.
Through years of studying, tagging, and research, it has been found that there are two migratory populations, in eastern and western North America,
with the Rocky Mountains serving as the boundary between the two. According ... Show more content on Helpwriting.net ...
A Monarch becomes infected when larvae that eat contaminated eggs or milkweed ingest parasite spores. In pupil stage, parasite spores form on the
scales of the Monarch. When adults, dormant spores can be seen on the outside of their bodies toward the posterior end of the abdomen. The parasite
can reduce larval survival, cause adult size to be smaller, and shorten life spans. It seems that the longer a butterfly migrates, the least likely it will
become infected. This could be due to the idea that long–distance migration weeds out the infected, allowing less transmission to other generations. In
other words, on longer migrations, it is survival of the fittest. In the study, Bradley and Altizer infected monarchs and recorded their long distance
flight performance. Infected butterflies flew shorter distances, were slower, and lost more body mass (Bradley & Altizer, 2005). From Bradley an
Altizer's experiment, we can conclude that parasites, specifically the protozoan Ophryocystis elektroscirrha, do affect migratory butterflies. If infected,
a Monarch's life cycle can be cut short, and its migration performance very
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The Economic Impact Of Hurricane Katrina On New Orleans
On the morning of August Twenty–ninth, 2005, Hurricane Katrina hit Louisiana and the Gulf Coast region. The storm brought the water to about
twenty feet high, swallowing eighty percent of the New Orleans city immediately. The flood and torrential rainstorm wreaked havoc and forced
millions of people evacuate from the city. According to the National Oceanic and Atmosphere Administration, Katrina caused approximately one
hundred and eight billion dollars in damage. Hurricane Katrina was one of the most destructive disasters have ever occurred in the United States, but it
also revealed a catastrophic government at all levels' failure in responding to the contingency.
Within days Katrina struck New Orleans, the lack of efficient mismanagement ... Show more content on Helpwriting.net ...
In the time of Katrina, this idea made federal government believed that their nonintervention was justified, causing the misunderstanding between
governments at all level and the failure of efficient disaster aid. However, considering the purpose of the Constitution, this is a misinterpretation of the
Tenth Amendment. The Tenth Amendment is not a reason for federal government to refuse offer common Defence and welfare to each states. The Bill
of Right that contains Tenth Amendment serves to limit the abusive power of the federal government. It creates a Constitutional system includes big
and small government with balanced power and the right to check each other. This idea does not conflict with the federal government's original
intentions as how the preamble and Article. I. Section. 8 declares. In fact, the Tenth Amendment indicates the federal government assistance to the state
and local government's work. Before and after the disaster, the federal government should provide help to coordination with states
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Pioneer Petroleum Corporation Cost Of Capital Case
Cost of Capital
_
Pioneer Petroleum Corporation
Copyright © 1991 by the President and Fellows of Harvard College. Harvard Business School Case 292–011.
One of the critical problems confronting management and the board of Pioneer Petroleum Corporation in July 1991 was the determination of a
minimum acceptable rate of return on new capital investments. The company's basic capital budgeting approach was to accept all proposed
investments with a positive net present value when discounted at the appropriate cost of capital. At issue was how the appropriate discount rate would
be determined. The company was weighing two alternative approaches for determining a minimum rate of return: (1) a single cutoff rate based on the
company's ... Show more content on Helpwriting.net ...
The market for MTBE had been growing, and the new regulations were expected to lead to even higher growth. Also, Pioneer's SMOGMAN service
centers specialized in state–required smog checks and related repairs.
Weighted Average Cost of Capital
The company's weighted average cost of capital was calculated in three steps: first, the expected future target proportions of debt and equity in the
company's capital structure were estimated; second, costs were assigned to each of these capital components; third, a weighted average cost of capital
was calculated on the basis of these proportions and costs (see Table A).
TABLE A 1990 Weighted Average Cost of Capital Calculation Target Proportion of Future Capital Components Debt Equity .5 .5 Estimated Future
After–Tax Cost 7.9% 10.0% Weighted Cost 4.0% 5.0% 9.0% There was a general consensus in management on the future mix of debt and equity in
Pioneer's capital structure. A firm policy had been adopted that debt should represent approximately 50% of total capital (defined as total debt plus
book equity) to balance the competing objectives of enhancing the returns to shareholders and maintaining financial flexibility. The company was
committed to using its dividend and stock repurchase program to maintain
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Mba 570 Complete Course
MBA 570 Complete Course – Saint (Assignments– Dqs – quizzes)
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MBA 570 assignment 1
This writing assignment should be in an essay format. It should use twoor more published news or academic articles which are less than a year old as
cited references. In your essay, you should answer the following questions:
What are value stocks?
What are growth stocks?
What is the reasoning that investorsuse for purchasing valueor growth stocks?
Has valueor growthinvesting worked best over the long term?
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The old factory needs extensive renovation which will still not leave it as efficient as the new factories planned for the new countries. Therefore, the
NPV of the capital investments involved are equal for all three countries.
You have calculated the NPV of each choice. The NPV of keeping the U.S. factory open is $1,000,000. The NPV of moving the factory to Canada or
Ireland is $10,000,000 and $35,000,000 respectively.
In this writing assignment, you should answer the following questions:
? Where should your factory be located? Why?
? Who are the stakeholders in this decision? How did you take the stakeholders into account when making your decision?
? How does your decision support responsible stewardship and integrity in the context of financial management?
The essay will be in APA format and be 500–1,000 words in length (this range includes everything in the assignment including your name, title, and
citations). Turnitin.com software will be used to ensure that submitted assignment
Mba570 all discussions Module 1 Discussion
This discussion question for this module has two parts. Respond to both parts to receive full credit for this assignment.
Part 1:What is a hostile takeover and what generally happens to the stock price of the firm being acquired in a hostile takeover?
Part 2:How does a hostile takeover
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Bp and Stakeholder Mismanagement
Thesis
Poor stakeholder management led to preventable mishaps such as the disasters in Alaska and Texas. Specifically, BP 's defensive approach towards
stakeholder management led to lavish compensation for upper level management while creating hazardous working conditions for employees and a
burden on all of society in the form of rising oil prices and environmental damage.
Background
British Petroleum was founded in 1908 and since then has rapidly grown to become the eighth largest company in the world . However, as of late,
BP has come under fire for several high profile disasters, including the Texas City refinery explosion and the Prudhoe Bay oil spill.
In 2005, an explosion occurred at BP 's refinery at Texas City.... Show more content on Helpwriting.net ...
The US Chemical Safety Board stated that there "is a solid case for citing some fault on cost cutting" in the Texas City disaster. In fact was BP
aggressively cut maintenance investment in their refinery by 84% between the years 1992–2000 . Additionally BP lacked many company wide safety
standards and left the decision making to plant managers, a position which had a high turnover rate . Cost cutting was eventually handed down to the
employees in the form of a hazardous work place, with 15 deaths and over 170 others injured in the Texas City explosion.
Stakeholder Snapshot: Society
BP 's negligence and lackluster response to the Prudhoe Bay oil spill caused damage to the surrounding environment and forced a spike in oil prices,
drawing intense criticism and scrutiny from the Federal government and the American public.
BP 's handling of the cleanup has raised serious questions about the concern the company has for the environment. Five months following the accident,
17,000 gallons of crude oil remained to be drained from the surrounding areas of the pipeline . Following the accident, BP has faced pressure from the
Justice Department, the Environmental Protection Agency, and Congress due to the environmental damage. Prior to the spill, the company was
already being investigated by the EPA for possible violations of the U.S. Clean Water Act due to pipeline corrosion. It now faces a grand jury
investigation which may lead to
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Methods of Enhanced Oil Recovery Essay example
Introduction With almost 200 billion barrels of technically recoverable oil reserves located in the United States alone, it is not surprising why so
many companies are adopting enhanced oil recovery techniques in everyday operations ("Total energy", 2012). Oil production can be broken down
into three main components: primary, secondary, and tertiary recovery. Primary recovery is when the well is first drilled and the natural pore
pressure of the rock squeezes hydrocarbons out of the pore space. During this time the hydrocarbons are put under immense pressure and the majority
of the liquids and gases will flow to the top. Secondary recovery is when water and gas injection are used to transfer the oil from the reservoir to the
surface.... Show more content on Helpwriting.net ...
Cyclic Steam Stimulation An example of thermal recovery is cyclic steam stimulation which is a method of increasing oil production by going
through multiple steam cycles. First a steam generator heats water to produce steam so that the injection wells can heat the surrounding formation.
Then the well is shut in and the heat is given time to diffuse into the oil, which reduces the viscosity of oil. Soon afterwards, the well returns to
production and the initial oil rate is higher due to the increase in reservoir pressure. Once the heat has dissipated far into the formation, the oil
saturation may drop because the porosity no longer has an external force holding the space between the grains open. After the initial cycle has been
completed the cycle can be three to four times before production gains become insignificant. Steam Assisted Gravity Drainage Steam assisted
gravity drainage (SAGD) is also a type of thermal recovery which injects steam into horizontal wells for heavy oil reservoir production and tar sand
production. (Steam assisted, 2013). SAGD begins by drilling two parallel horizontal wells about four to six meters apart. The upper well will have
steam injected into it while the bottom well is used to collect the heavy oils, such as Bitumen. As the steam spreads throughout the formation in all
directions, any gases, such as CH4, CO2 and H2S, will ascend to the top of the
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Swot Analysis Of Rowland Co And Owc Company
I like to have a mutual understanding of the possible cooperation between Rowland Co and OWC company where I is cofounder and a managing
partner. I totally understand, that the capital investments involves risk. In order to help you with the risk assessments I would like to hear from you,
what is most important information you need to realistically look at the big picture and make the decision. We can describe the risk by evaluation of
Financial, Market , Technical and Management feasibility for our enterprise. Financial: OWC invested available capital into developing engineering
solutions and knowhow for the depleted oil wells and reservoirs. Significant studies, testing and deployment were done in the Soviet Union and the...
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The Short–term Energy outlook for the end of 2016 is $40/b, For 2017 $50 The Forecast West Texas Intermediate (WTI) at the end of 2016 around
$38/b Operating Cost In the US Average Operating cost per barrel $13.50. The most expensive is the shale operations. The cost varies from the Texas
Permian Basin to the Marcellus shale. For conventional well cost–effective prices to maintain many existing wells is $10/b across the US. To increase
the oil output the oil operators are facing the decision: drilling new wells or subscribe to the Enhancing Oil Recovery (EOR). We can argue that the
correct EOR is more cost effective to the drilling new wells. In many places the drilling is financially prohibited at the current oil price. Technical:
There are many methods intended to increase the wells productivity: Chemical, thermal, magnetic pulse generators ,CO2 and many others . All of the
above methods in certain circumstances could make improvements in few additional barrels. It is not my intention to conduct and provide comparison
studies. Our methods were built around the Hydro Slotted Perforation. The technology is based on the uploading rock stress around the wellbore zone
and in opening a hydrodynamic communication that instigates the drastic increase in the oil output. Depending on the formation, we can increase oil
output in average to 25 barrels/day. We could use additional methods centered
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What Is The Quarter Horse Essay
American Quarter Horse
The Quarter horse, or the American Quarter Horse is the all American symbol in the equine world. A remarkable animal, with an amazing history, the
American Quarter Horse can easily spring roughly Вј times faster than other horse breeds. Originally created for competing in quarter races several
centuries ago (thus the name of the breed), the Quarter Horse is one of the most complex, and beloved horse in America, if not in the world.
Very adaptable and with a gentle, thou resistant nature, the breed gained recognition only in 1940, and soon after, the AQHA (
American Quarter Horse
Association) was formed. Then the American Quarter Horse Museum and the American Quarter Horse Congress were created, as follow–up of the
breed's increasing popularity. Excellent for pleasure, cattle and racing, this horse has it all, so it's no wonder that everyone loves him so much.
Short History of the American Quarter Horse
Quarter Horse comes from the Quarter Mile races organized by the first English colonists. ... Show more content on Helpwriting.net ...
Choosing and then taking care of a horse, is no easy peasy, so before purchasing it, think wisely. You will find lots of American Quarter Horses for
sale, on websites and at different ranches, but our advice would be to be very careful when it comes to the horse's pedigree, the show's it took part
in, the farm in which it was grown, etc. While looking for your future horse, you may see the word Appendix. An appendix is a specimen that isn't
completely purebred and is usually a crossbreed of Quarter and Thoroughbred. These horses are considered Quarters, but they are registered in a
special system which is the Appendix. Once again, you need to decide the main reason for buying the horse, as for example, the Appendix horses have
breeding restrictions. Appendix horses are only allowed to breed with regular numbered horses and they cannot breed with Thoroughbred or other
Appendix
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The Current Governor Of Texas
The Constitution divides the powers of the government of the State into three distinct departments: the legislative, the executive and the judicial. Under
the terms of the Constitution, no person in any one department may exercise any power attached to another department unless specifically authorized
to do so by the Constitution.
First is the executive branch. The executive branch is often referred to as a "plural executive" because many of the offices in that branch of
government are elected directly by Texas voters. The Executive Department of the State is composed of the Governor, the Lieutenant Governor,
the Comptroller of Public Accounts, the Commissioner of the General Land Office, the Attorney General and the Secretary of State, all of whom
are elected except the Secretary of State (who is appointed by the Governor). The current governor of Texas (48th) is Republican Greg Abbott, a
former lawyer and former Attorney General. In order to be the governor of Texas, one must be at least 30 years of age, a US citizen, a registered
voter, and must be living in Texas for at least the last 5 years. Being Governor is a 4 year term with no term limits and is a full time job with a
salary of $150,000 per year. The Governor has powers including some law enforcement powers, some military powers, the title of "Head of State" who
gives the State of the State Address, can appoint department heads like the department head of Park and Wildlife and Department of Transportation,
and he
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Essay On Oil
On the surface, the oil market presents something that is both confusing and complex, as its sheer volatility (and prior bad press) has worked to put off
many an investor in the past. When it comes to oil, risk is always going to be something that traders have to contend with, but that doesn't mean that
you should necessarily run a mile when the market crosses your path.
Due its standing within the world's economic and political systems, along with its notoriously high liquidity, oil trading is still something that should
carry appeal to active traders. With a sharp eye and knowledge of the market, oil can easily make up a key element within your investment portfolio.
Helping you make that a reality, the following looks at exactly how you ... Show more content on Helpwriting.net ...
Russian Expert Blend is largely exported to the likes of Italy and the Netherlands. III.Breaking down the major consuming nations
Globally, the largest consumers of oil are the world's most advanced and developed industrial nations. These nations include the United States,
Germany, Russia, and the United Kingdom. However, over the past few decades several nations from Asia and the Far East have become officially
classified as major oil consuming nations, including China and Japan.
When trading oil it pays to keep an eye on the major consuming nations, as any increase or decrease in usage is sure to have an impact on the
commodities performance. Something that is also worth monitoring – with this tying into the performance of major consuming nations – is OPEC, the
Organisation of the Petroleum Exporting Countries. This international organisation works to ensure both the stablisaiton of the oil markets, along with
coordinate and unify petroleum policies. Current members of OPEC include mass–producing oil nations (13 in total, including Saudi Arabia, UAE, Iran,
Iraq, and Qatar). Considering that OPEC has the power to decide policies related to the production and sale of petroleum oil, it certainly has the
power to impact the price, flow, and distribution of oil worldwide. IV.Learning about what moves crude oil Much like any other commodity, oil is and
its value can largely
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The Texas Panhandles Top Rodeo Retail Store
EXECUTIVE SUMMARY
JHTL is a unique clothing and accessories store aimed at the cowboy/cowgirl population in the Texas Panhandle. We are here to provide rodeo style
products to our clientele. It is the goal of JHTL to become the Texas Panhandles top rodeo retail store. We hope to obtain both high profits and a
reputation for great customer satisfaction by offering a large variety of high quality and rare products to our customers.
Located in downtown Canyon, we provide a central location for the growing cowboy/cowgirl community. We believe it is important to create an
atmosphere of acceptance and community care, as well as a place where individuals can identify and bond with aspects of their culture. Our company
takes pride in giving back to the community.
JHTL encourages a creative work environment for its employees, as well as a deep respect for diversity. In addition to this, we offer employee goals
such as profit sharing with company growth.
1.1 Objectives
1.To make JHTL the number one cowboy/cowgirl retail store in theTexas Panhandle.
2.To receive a modest profit margin within the first year.
3.To have a customer base of 5,000 by the end of year one.
4.To achieve a positive net profit by year two.
1.2 Keys to Success
In order for JHTL to succeed we must:
Offer high–quality and unique products
Provide excellent customer service
Be a helpful and respected member of the community
Create continued customer loyalty, resulting in repeat purchases
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Bp/Amoco Merger Acquisition
| BP Amoco/Arco Merger| Merger and Acquisitions Term Paper| | | 12/10/2012|
|
Contents Time Line of Events3 Introduction4 Industry Analysis5 Overview of ARCO 's Business7 Overview of BP Amoco's Business7 Value Creation
from the Merger:8 Competitors Analysis9 Antitrust Issues11 FTC Arguments12 What Happened?14 Divestitures14 Phillips Acquires ARCO Alaska15
FTC dissent16 Performance and key Financials17 Annual Shareholder's meeting:19 Conclusion:20
Time Line of Events April 01, 1999: Merger confirmed by BP & ARCO. Deal valued at $26.8 bill. 400 layoffs expected in AK (2000 worldwide);
Gov. announces formation of task force consisting of Attorney General... Show more content on Helpwriting.net ...
Governor issues press release applauding announcement and asserting that the deal preserves most points from his Charter Agreement.| | March 21,
2000: Merger Committee sends letter to FTC Chairman Robert Pitofsky endorsing Phillips Petroleum 's purchase of ARCO Alaska 's assets, signed by
Halford, Pearce & Porter. Merger committee issues release endorsing Phillips ' acquisition of ARCO Alaska 's assets and recommending FTC
Approval of BP/ARCO Merger.| | March 24, 2000: Exxon sues to block merger.April 26, 2000: Phillips Petroleum announces it has completed its
acquisition of ARCO 's Alaskan businesses.| | |
Introduction
In March 1999 British Petroleum Amoco (BP) announced its intention to acquire the Atlantic Richfield Company (ARCO) for $25.6 billion in stock,
by exchanging 1.64 BPA U.S. ADR share for every outstanding share of ARCO (9.84 U.K. ordinary share), post
–BPA stock split. On 1 April 1999 the
Boards of BP Amoco and ARCO announced that they had reached agreement on a proposed combination of their two companies. The enlarged group
will initially be held as to 85% by BP Amoco shareholders and 15% by ARCO shareholders. The BP/ARCO deal was one of the largest oil mergers
ever and attracted a lot of public attention as well as antitrust scrutiny. The merger raised fundamental antitrust concerns that could be alleviated only by
major
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Ch3-Arbitrage and Financial decision making
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Arbitrage and Financial Decision Making
3.1 Valuing Costs and Benefits
1) Which of the following statements regarding the valuing of costs and benefits
A) The first step in evaluating a project is to identify its costs and benefits.
B) In the absence of competitive markets, we can use one –sided prices values. C) Competitive market prices allow us to calculate the value of a
decision
the ... Show more content on Helpwriting.net ...
Assuming you currently
WTI crude, what should you do?
A) Sell 10,00 Bbls WTI crude on the market and use the proceeds to purchase and crude. B) Do nothing, refine the 10,000 Bbls of WTI crude. http:/
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C) Trade the 10,000 Bbls WTI crude with the other refiner and refine the 10,150
D) Trade the 10,000 Bbls WTI crude with the other refiner and then sell the 10,150 crude. Answer: A
Diff: 2
Skill: Analytical
Chapter 3 Arbitrage and Financi
Use the information for the question(s) below.
Low–Grade Copper Ore
$571 per Ton
High Grade Copper Ore
$843 per Ton
Coloma Cooper Incorporated is able to produce $640 worth of copper from one ton
Because
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Civil War In Far West: A Case Study
Civil War in Far West: New Mexico Campaign, 1862 has been the 2 player, lower to intermediate complexity simulation about the Confederate
invasion about United States southwest. This has majorly been the strategic level design however this in addition includes operational undertones.
Confederate player has often been on offensive however situation in addition calls for Union player for making counterattacks (Bentley 2010).
Confederate Texan invasion about New Mexico Territory within the year 1861 to 1862 had been the westernmost campaign of Civil War. In the June
of year 1861 President Jefferson Davis has appointed the Henry Hopkins Sibley, the previous routine army officer, the brigadier general along with
authorized him for recruiting the... Show more content on Helpwriting.net ...
Single Union man along with 4 Confederates had been killed. It had been the final Civil War battle within the New Mexico. Canby decided that
both the armies might not be subsisting on meager resources within region along with allowed Texans to escape. Hunter's company returned from
Tucson, thus having skirmished on 15th April at the Picacho Peak having the California troops advancing along Gila for joining the Canby. Sibley
detoured within the Fort Craig by the rugged San Mateo Mountains as well as at the time of May reached Mesilla Valley having one thousand
eight hundred weary men. Confederates spent May and also much of June within Fort Bliss vicinity. They have collected supplies along with raided
north in the New Mexico for horses required for journey home. At the time of June Sibley's men, traveling within smaller parties, headed for the San
Antonio. By initial July Confederate rear guard at the Mesilla left for the Texas. California Column of one thousand four hundred men, led by Brig.
General James H. Carleton crossed Arizona deserts as well as arrived on Rio Grande. Sibley's New Mexico campaign had been the disaster. Of three
thousand two hundred troops concentrated within the Fort Bliss at the time of winter of the year 1861 to 1862, five hundred became prisoners of the
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Pros And Cons Of The Keystone Pipeline
What is the Keystone Pipeline? On January 24, 2017 TransCanada submitted a third application for a Presidential Permit to construct, operate, and
maintain the Keystone pipeline system to import crude across the international border of Canada into the US. Originally, TransCanada submitted an
application in 2008 and another in 2012 during President Obama's administration. The first two applications received much scrutiny from the State
Department, they conducted a combined total of five Environmental Impact Statements (EIS), multiple public comment periods, and analyzed multiple
alternative routes. Figure 1 shows the entire route of the Keystone pipeline system from Hardisty, Alberta, Canada through Oklahoma and down to Port
Arthur, Texas.... Show more content on Helpwriting.net ...
Many of the opponents argue the pipeline only creates temporary jobs for two years during construction, and continually report the lower end estimated
economic benefits. In contrast, the proponents typically exaggerate the economic benefits proclaim the lasting stimulus the project will provide. The
truth usually lies somewhere in between. Undoubtedly, the construction phase of the project will provide the most immediate benefit to the US
economy than the operation and maintenance phases of the project. During the construction phase, it is estimated that $3.4 billion dollars would be
added to the U.S. gross domestic product (GDP). Of that, roughly $2.05 billion would be earmarked for employee earnings related to the construction
phase. However, after the construction phase, approximately only 50 permanent employees and 15 temporary contractors would remain to operate the
pipeline. (Department of State, 2017) Evidently, this project will not provide a long–term windfall of economic stimulus. Nevertheless, $2.05 billion
dollars in employee earnings in the next two years during slower economic times is nothing to write
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Mesozoic Vertebrates
Mesozoic vertebrates of Texas have received less attention than Paleozoic. In the early 1900s E. C. Case collected and reported amphibians and
reptiles found in Triassic sediments along the eastern edge of the High Plains, and Sankar Chatterjee of Texas Tech University has also made important
discoveries there. Notable are skeletons of phytosaurs. These aquatic reptiles, up to thirty feet in length, had elongated snouts armed with thick, sharply
pointed teeth. Their habits were probably much like those of modern crocodiles. Some lightly armored forms were not unlike crocodiles in appearance,
except for their long, hook–nosed snouts, but some armored types of phytosaurs may have looked almost like arthropods. Through work centered at the
University of Texas at Austin, parts of the Trans–Pecos region have yielded important fossils of Cretaceous reptiles, among them enormous crocodiles
and the largest known pterosaur. Much of Central Texas probably contains bones of Cretaceous vertebrates, but the land is so heavily vegetated that
discoveries are few. However, remains of dinosaurs, plesiosaurs, and even primitive mammals have been found and are preserved at the University of
Texas and Southern Methodist University.Fossil vertebrates, especially mammals, of the middle to late Tertiary and Pleistocene ages abound in Texas.
Much of the fossil history of horses, camels, rhinoceroses, and other kinds of both living and ... Show more content on Helpwriting.net ...
Schultz, West Texas State University, Canyon; Sankar Chatterjee, Texas Tech University, Lubbock; Walter W. Dalquest, Midwestern State University,
Wichita Falls; Bob Slaughter and Lewis Jacobs, Southern Methodist University, Dallas; Arthur H. Harris, University of Texas at El Paso; and Wann
Langston, Jr., John A. Wilson, and Ernest L. Lundelius, Jr., University of Texas at
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The Potential Impact of Electric Vehicles on the Oil Industry
The Potential Impact of Electric Vehicles on the Oil Industry Question A Crude price differentials refer to the differences which are seen in the
prices of the different types of crude oil (Oosterman, 2013, para. 2). Sweet crude, such as West Texas Intermediate (WTI), tends to be favored over
sour crude as it has a higher yield, requires less refining to meet sulfur content standards, and has fewer environmental issues (Oosterman, 2013,
para. 4). Therefore, the sweet crude tends to have a higher price compared to other types of crude. If a technological breakthrough occurs, making
electric vehicles popular and cheap to purchase resulting in 50% of consumers switching to electric vehicles this will have a significant impact on
the demand for the gasoline, which would see a decline of 50% (assuming that all consumers use the approximately the same level of fuel). If there
is a decline in the demand for the gasoline, this will result in a demand for the oil used to make the gasoline, as shown in figure 1 below. If the
supply remains the same but the demand decreases the price will decrease (Nellis and Parker, p119). Figure SEQ Figure * ARABIC 1; Decrease in
demand INCLUDEPICTURE "../../../../AppData/Local/Temp/scl3.PNG" * MERGEFORMAT (Adapted from Nellis and Parker, 2006, p27)
However, this is the overall position of the oil, as there are some oils that are in a greater demand than others, it is likely that the price equilibrium will
move at a different rate, as
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Essay on Rising Gas Prices in the United States
Once upon a time Americans hopped into their cars on warm spring days and took long drives to admire the beauty of nature. Teenagers took joy
rides around town to meet friends and rode from one "hot spot" to another. Those were the days when gas prices were affordable to the average
American. Over the past few years, gas prices in the United States have been on the rise. What is causing the increase in gas prices? To understand the
increase in gas prices, one must first identify the distribution of dollars paid per gallon at the pump. According to the U.S. Energy Information
Administration (eia) in 2010, the annual average paid at the pump consisted of 68% crude oil, 7% refining, 10% distribution and marketing, and 15%
taxes... Show more content on Helpwriting.net ...
In response to the rebellion, Gadhafi has amassed a military force that includes regime supporters and hired mercenaries to fight against the rebels. This
has caused an upheaval all throughout Libya's oil industry causing turmoil within the National Oil Corporation (NOC). "Along with smaller subsidiary
companies, the NOC accounts for around 50 percent of the country's oil output." (Reuters) In addition, major foreign international oil companies
operating in Libya have evacuated employees. These companies include Eni, StatoilHydro, Occidental Petroleum, OMV, ConocoPhillips, Hess Corp,
Marathon, Shell, BP, ExxonMobil, and Wintershall, a subsidiary of chemical company BASF. (Reuters) Meanwhile the North Atlantic Treaty
Organization (NATO) has decided to enforce the no–fly zone over Libya and protect citizens. As the United States, United Kingdom, and France
prepared for action against Libya under the U. N. resolution, the cost of crude oil per barrel rose to $103.66. (Press) The United States launched
cruise missiles against Gadhafi's military forces. Missile strikes as well as Gadhafi's own land attacks have halted Libya's oil production and
exportation. "The International Energy Agency (IEA) said that while the rebellion against Libyan leader Moammar Gadhafi continues, "what is
becoming clearer is the country's oil production and exports could be off the market for many months due to
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Oral Interview With Vanna Moore Essay
On September of 2016, I did an oral interview with Vanna Moore about her military past and Vanna's ties to Texas. Over the whole interview I asked
her questions about her experience in Afghanistan and along the way I asked her questions about Texas. To the best of my knowledge Vanna answered
"who are these people, these Texans", what do Texans tell us about America, and what she thought ofTexas. We talked about how her military
experience shaped her conceptions of Texas. In a setting such as this one and her experiences combined she had moments where she seemed more
comfortable and opened, and other moments that were difficult to get through. After this oral interview experience I feel as though I know how I could
use oral histories in my classroom. During the beginning of the interview I asked Vanna "What do you think the difference is betweenWest Texasand
Texas from other regions of the state?" Her answer consisted of a lot of "umms", but I think she answers the question "Who are these people, these
Texans" in this statement "So, it's kinda like our own little world. And. But the people, the people I don't know. I guess it's. The people are like, are
more like small town people, there umm. I guess more like hospitable." Vanna describes West Texans as being hospitable and having small town
behavior. I should not have to explain small town behavior, because Hollywood has done a wonderful job at giving us a "great" idea of what small
town people act like. Also, in the
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Wage Led Growth Good For Credit Unions And The Macro Economy
Wage–led growth good for credit unions and the macro economy
2016 opened with stock markets in turmoil, news on the slowing Chinese economy, and oil prices falling below $30 a barrel. Credit unions have
concerns on how these affects their operations.
Concerned investors overreacted to the news of a slower Chinese economy, which partly explains the stock market turmoil in the U.S. and around the
world. China's economy is not immune from the business cycle. Its economy's growth rate eventually came down from the double digits to the single
digits as it undergoes structural changes. China is shifting from an export–led to a domestic consumption driven economy. Since 1976, the beginning
of China's journey towards integration into the global economy, annual GDP growth averaged 9.5%. Since 2012, growth has been below average
falling to 6.8% in the fourth quarter of 2015. While it can be argued that China's economic slowdown has both direct and indirect effects on the U.S.
economy through trade and financial flows, a slowing Chinese economy has marginal effects on credit unions. Moreover, it is difficult to aggregate the
effects of China's economic slowdown in future U.S. economic growth.
Unlike banks, credit unions have limited exposure to the ever present daily gyrations in the stock market. The stock market turmoil in January was not
a viable indicator of a U.S. economic slowdown. The stock rout was a result of investors' reaction to further declines in oil prices, strength
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Egyptian Society: Traditional Middle Eastern Values...
Egyptian Society: Traditional Middle Eastern Values Blended with Western Beliefs
Amongst the turbid and dysfunction that is the Middle East lies the nation of Egypt. Egypt, a major country of the Middle East, is habitually
considered stereotypical of Middle Eastern civilization, but further research guides one to the conclusion that Egypt is far from a generic Middle Eastern
country. Egypt has a strong tradition of nationalism that has been formed during its history, giving it a national unity that is often non–existent in other
Middle Eastern nations (1). This, as well as other advantages that Egypt has gained during its past, has allowed it to rise above the problems plaguing
the rest of the Middle East and to form basically its ... Show more content on Helpwriting.net ...
For the most part, the assets of their private life did not play a role in their importance in the public realm. All were equal in this realm. The two realms
were thus completely separate of each other.
The present–day United States is noticeably different from that of ancient Greece. The difference is basic: the private and public realms have merged
to form one major realm, society (3). With this new blended realm of society, one's personal life significantly impacts one's role in the public. Better
said, the private realm becomes public, able for all to view. This creates an unequal balance, giving high authority to those with impressive wealth or
other valuable assets in their private realm. Arendt comments on the distortion of the public realm, which is now technically non–existent in the social
realm, when she says:
Being seen and being heard by others derive their significance from the fact that everybody sees and hears from a different position. This is the
meaning of public life, compared to which even the richest and most satisfying family life can offer only the prolongation or multiplication of one's
own position with its attending aspects and perspectives. (4)
The best evidence to support this transition of realms is the disclosure of the most personal matters of celebrities regularly discussed on a mass media
forum. The two societies of Ancient Greece and modern–day America are apparently so drastically different in comparison
... Get more on HelpWriting.net ...
Oil And Gas Industry : The United States Government...
In 1973, the United States government restricted the export of domestically produced crude oil. At the time, this was largely regarded as a sound
decision. Not only was domestic production in a decline, but the global political climate was fundamentally inhospitable. However, in recent years,
the oil and gas industry has exploded into a huge upswing, due in no small part to the evolving technologies surrounding hydraulic fracturing and
horizontal drilling. Between 2009 and 2013, crude oil production in the United States increased by roughly 2.1 million barrels per day and,
according to ICF estimates, is projected to increase another 3.2 million barrels per day through 2020 (ICF International 2014). This has led to a high
profile discussion regarding the removal of the export ban which peaked in October of this year when President Barack Obama stood firm against
repealing the ban, even threatening to veto the bill completely, despite the House of Representatives voting to pass it. With domestic oil and gas
production at an all–time high, continuing with the ban makes little economic sense, and this report will further explain the belief behind why the ban
should be repealed and why it would make a positive impact on independent exploration and production companies. When the export ban was put into
place, its main goal was to protect domestic reserves as well as protect domestic consumers from any price shocks in the market. Now, the situation is
so different that the ban
... Get more on HelpWriting.net ...

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The Implications Of Oil Trade

  • 1. The Implications Of Oil Trade Even the important contribution of Chapter 2, the proposed analysis requires a deeper study to understand the implications related to oil trade and how the expected oil production will be consumed by the demand. Considering only Canada for all the expected oil production from the Western provinces doesn't seem enough. To achieve the forecasted production levels, producers of Western Canadian oil must find a market that values their oil at reasonable price. Without access to seaports, Alberta and Saskatchewan need to develop their transportation capacity to export this expected production. The challenge related to the increasing availability of Western Canadian oil and its distribution to domestic and international markets is imminent. Indeed, uncertainty in oil reserves and production implies uncertainty on future trade movements, and consequently, on oil corridors. It is now becoming a political, economic and national security matter that this oil finds access to other markets and export opportunities (McKenna, 2013). As for their actual markets, maintenance on existing pipelines and the necessity of upgrading refineries to process this crude oil from Western Canada create bottlenecks upstream that increase the constraints to allow the expected growth. All these challenges have economic implications that translate in a price differential. The oil production surplus and the inability to reach external markets already have negative effects on oil prices for Western Canadian ... Get more on HelpWriting.net ...
  • 2. Scrutiny: A Brief Summary And Analysis THREE LEVELS OF SCRUTINY FOR EQUAL PROTECTION CHALLENGES The legislation has a weighty influence on people, whether the decisions are made in proper or improper ways. In recent years, the Supreme Court has developed the three levels of scrutiny for equal protection challenges (Snider, 2014). Among those levels of scrutiny are: Strict scrutiny, Intermediate scrutiny, and rational basis review. Strict scrutiny is the way of legal reviews, which are used to define the constitutionality of laws. It is considered to be the highest level among all the legislation controls (Snider, 2014). The Supreme Court of the USA defined that legislation, which discriminates on the basis of national origin, religion, race must pass such level of protection as strict scrutiny ... Show more content on Helpwriting.net ... If government enact legal document, which has a negatively influence, intermediate scrunity is to be applied (Hashmall, IS). As it goes from the title, intermediate scrutiny is less strict than the strict scrutiny but more rigorous than the rational basis review. Intermediate Scrutiny has its own tasks. Among them is protection from gender discriminates and also due to first amendment cases (Hashmall, IS). Another title of intermediate scrutiny is "heightened scrutiny". Firstly, the intermediate scrutiny test was applied in the case Craig v. Boren in 1976. It was applied because of statute discrimination on the basis of gender. Also, courts apply intermediate scrutiny test to the cases, which are related to the violation of the first amendment. Among such cases were: Us West, Inc. v.United States (1994), Am. Library Ass'n v. Reno (1994), MD II Entertainment, Inc. v. Dallas (5th Cir. 1994) (Hashmall, IS). The third level is known as rational basis review. It is considered to be the lowest level of all scrutinies. Rational basis review appointed for the determination of the statute or decree constitutionality. When no exclusive rights are on the point in ... Get more on HelpWriting.net ...
  • 3. Essay On California California has one of the highest gas prices in the United States (Laskoski, usnews.com). However, compared to many developed nations, United States has one of the cheapest gas prices (Hargreaves, CNNMoney.com). Discussion of the reasons gas prices fluctuate is a detailed matter which requires an overview, starting from the extraction of crude oil, chemical processes, regulations, taxes, and gas retail market. The factors that can affect the price at gas station can be categorized into three main categorize including crude commodity prices, technology regulation and taxes, and retail market. As crude oil is the base resource for the production of gasoline (also known as Gas or Petrol, not be confused with Petroleum) its price plays an important ... Get more on HelpWriting.net ...
  • 4. The Price Of West Texas Intermediate When faced with a downward sloping demand curve, a firm is said to have some degree of market power and will therefore produce to the point where marginal cost equals marginal revenue in order to maximize profit. In other words, if a firm is producing too much of a good and selling it at too low of a price point, the firm will scale back production in order to sell at a higher price. Beginning June 2014, the price of West Texas Intermediate (WTI) crude has dropped from $105 per barrel to where it is now currently priced at $42 per barrel on November 2015, constituting a price decrease of more than 60% over a period of eighteen months. This price drop is due to an increase in oil production primarily coming from Saudi Arabia and Iraq along with the American shale plays that is causing an outward shift in the global supply of crude oil. With the short term demand for oil being inelastic, a moderate increase in supply will cause a large decrease in the market price. Basic intuition of an oil producing firm with enough market power to face a downward sloping demand schedule, OPEC, would have it so production is scaled back in order to drive prices back up to former levels, however, this is not the case of what happened. OPEC, along with its lead producing country, Saudi Arabia, has been producing at their maximum production capacity in order to saturate the market as much as possible and drive oil prices down even lower. The Organization of Petroleum Exporting Countries, ... Get more on HelpWriting.net ...
  • 5. Essay on Oil in Texas How did the national demand for oil affect the local businesses in Texas, and how did Texas oil discoveries affect the national oil market? As the Texas oil industry grew, so did related industries. Some companies began producing oil by–products such as petrochemicals. Others produced pipelines, barrels, and oil–field equipment. As these companies began moving into oil towns such as Houston, Beaumont, and Port Arthur, they further expanded the local economies. Some moved into small towns, quickly turning them into cities. In North Texas the town of Wichita Falls grew from 8,200 residents in 1910 to about 40,000 in 1920.The state income also increased from just over $101,000 in 1906 to $5.9 million in 1929, largely due to the oil ... Show more content on Helpwriting.net ... Gradually, the oil glut began to affect ordinary Texans. Soon after Spindletop, the availability of an ocean of cheap oil encouraged its use as fuel for transportation and manufacturing. After railroads converted from coal to oil, steamships followed, led by those operating in the Gulf of Mexico and the Caribbean. As automobiles became more common, roads began to be paved across the state. Mechanization of farm work increased quickly, enabling farmers to produce more food with fewer people. Manufacturing plants developed in the formerly agricultural state, using cheap oil as fuel. Texas' population scales, heavily weighted toward the rural before Spindletop, started to balance, and by 1940, the population was almost even: 55 percent rural and 45 percent urban. World War II tipped the scales, however, when wartime jobs at manufacturing plants in the cities lured large numbers of people from farms and small towns. Most never returned. This displacement of farming families was exacerbated by the absorption of many family farms into large corporate operations. Increasing numbers of migrants from other states and foreign countries also settled principally in urban centers. By 1980, the state was four–fifths urban. The political economy of resource–rich states faces an inherent tension between the role of the state and the private sector over control of ... Get more on HelpWriting.net ...
  • 6. Effects of 9/11 on American Economy Essay The September 11 attacks were set of four terrorist attacks controlled by al–Qaeda, an Islamic terrorist group. On September 11, 2001, four aircrafts were hijacked by the terrorists; two of the planes hit Twin towers in New York, third hit the Pentagon and the fourth one crashed into a field near Shanksville, Pennsylvania ("9/11 Attacks"). TheSeptember 11 attacks had several long–term negative effects that include Social effects, Psychological effects, Physical health effects, Economic effects and many more. But of all those effects, Economic effects were the most suffered ones. The 9/11 attacks triggered the devastation of American economy (Miley). Although it has been 12 years since the episode and America has recovered a lot, American ... Show more content on Helpwriting.net ... Although the gas prices are steady between $3 and $4, it is $2 approximately more than it was before 9/11 attacks (Miley). Housing in America also had a significant impact due to 9/11 attacks. The average price for a house in America in 2001 was $156,600. The home ownership rate during the first half of the year was 67.5%; meaning that 67.5% of the population owned a house. As Miley explains, "The fed funds rate [is] the interest that banks charge each other for short–term loans [and it] influences rates on other loans, such as mortgages." The Federal Reserve had a target federal funds rate of 6.5% for 2001. Four fed rate cuts were made after 9/11 and the fed funds rate was 1.75% in the end of 2001. Housing prices rose rapidly following the terrorist attacks. The median home price was $221,900 in the year 2006. From 2000 to 2006, housing prices escalated an annual rate at 8.26%; while in the 1990s, the annual increase in housing rate was 4.22% (Miley). Unemployment rate also had bad effect in America due to 9/11. The unemployment rate was just 4.9% in 2001 before the 9/11 attacks. But after the attacks, approximately 600,000 jobs were lost. Of those, 226,000 jobs were in travel and tourism. Not only that but also 1,100 businesses were disturbed at the World Trade Center. The unemployment rate was 5.7% in the end of the year (Miley). In 2011, the unemployment rate was 9.1% and as of October 2013, ... Get more on HelpWriting.net ...
  • 7. An Oral Interview With Vanna Moore Essay Reflection Paper On September of 2016, I did an oral interview with Vanna Moore about her military past and Vanna's ties to Texas. Over the whole interview, I asked her questions about her experience in Afghanistan and how it shaped her views of her state of Texas. Through her interview, Vanna touched on her feelings about Texas, the military, American culture, and life after military. At times, she seemed comfortable and at ease sharing her thoughts, and other moments seemed more difficult to get through. This interview helped me to understand that military service can really shape a person's world view, both abroad and at home. Additionally, after this oral interview experience I feel like I know how to effectively use oral histories in my future classrooms. During the beginning of the interview I asked Vanna "What do you think the difference is betweenWest Texasand other regions of the state?" At first, her answers consisted of a lot of "umms", but after she got more comfortable, she said, "So, it's kinda like our own little world. ... The people are like, are more like small town people, they're...more like hospitable." Vanna described West Texans as hospitable and having small town behavior. The small–town mindset, that Vanna referred to is what Hollywood has portrayed time after time. Also, in the same response she said "Well, obviously, we're nothing but oil field, mesquite trees and it's dry, and you go to East Texas, and there is humidity, and green grass, and ... Get more on HelpWriting.net ...
  • 8. West Fertilizer Company Case Study West Fertilizer Company Fire & Explosion Case Study Report Group 6 Abhinandan Sakhare, Jawahar Khetan, Mahati Ganji Abstract On the 17th of April, 2013 a fire and subsequent explosion at the West Fertilizer Company facility in West, Texas caused the death of twelve emergency responders, three civilians and injured over two hundred and sixty others. The explosion destroyed the WFC site and many other buildings, making it one of the "most destructive incidents investigated by the U.S. Chemical Safety Board."[2] The CSB report found that a fire of unknown source caused the piles of stored ammonium nitrate to be covered with soot which heated up and eventually caused the ammonium nitrate to detonate. OSHA and the EPA, neither had regulations... Show more content on Helpwriting.net ... It was used for the storage of fertilizer, grain, farm equipment and herbicides and employed ten people. The main building of about 12,000 square feet stored fertilizer grade ammonium nitrate in plywood bins approximately 10 feet high and 8 to 20 ft wide but they were rarely full since the structure could not handle the weight [2]. As the building was over fifty years old and had a wooden frame construction, it did not have sprinklers or fire alarms [4]. Table 1 shows the inventory stored in the WFC at the time of the explosion. Table 1: Inventory in WFC in April 2013[2] During a period of several years, the city of West led to the development of land near West Fertilizer Company including parks, apartment complexes, schools, and a nursing home. The following figure and table shows the location and people in various buildings near the company [2]. Figure 1: Neighborhood of WFC [2] Table 2: Overview of WFC facility [2] 1.3 Ammonium nitrate Ammonium nitrate is relatively inexpensive to produce, has a 100% bioavailable nitrogen content and is highly soluble in water making it one of the most widely used fertilizers today [6]. However, it also has an established history of being used as an industrial explosive, most significantly in Ammonium Nitrate Fuel Oil (ANFO) which makes up over 80% of explosive use in the US [6]. Although pure ammonium nitrate is not flammable or ... Get more on HelpWriting.net ...
  • 9. Swot Analysis Of Whole Foods Introduction Whole Foods MarketВ® is the world's leading food market chain of natural and organic foods, with 193 stores in thirty–one states, Canada and the United Kingdom. Originally established in Austin, Texas in 1980. They own and operate many subsidiaries. Allegro Coffee Company was formed in 1977 and purchased by Whole Foods Market in 1997, currently acting as their coffee roasting and distribution center. Acquired in 1996, Pigeon Cove is Whole Foods' seafood processing facility, the sole food market to own and operate a waterfront seafood facility. Two other subsidiaries are Produce Field Inspection Office and Select Fish, which is Whole Foods' West Coast seafood processing facility acquired in 2003. In addition, the company has eight distribution centers, seven regional bake houses and four commissaries (Pearce & Robinson, 2013). Background / Problem Statement The demand for natural and organic foods has grown by 5.1% over the past several years, primarily dominated by Whole Foods specializes in the shopping experience, product quality and take outs of premium selections. This increase has gained the competition from like competitors of grocery food chains closing the gap on this market niche where profits are being jeopardized. Their strategy has been opening new stores or acquiring stores in upper class locations as primary markets to increase sales. Costing $2–$3 million and a year before an operation and trouble to secure new locations Whole Foods regrouped ... Get more on HelpWriting.net ...
  • 10. Gasoline Problem Gasoline Problem Gasoline prices have fluctuated widely during the last few years. According to the Department of Energy, the price of gasoline was $3 in the summer of 2006 and it decreased to $2 in 2007 (Taylor & Weerapana, 2007). Most of the oil is produced and refined by a consortium of countries called OPEC. They are mostly located in Africa, Middle East and South America. Though these countries try to limit price fluctuations, their production and distribution directly affects the price of oil. The price of gas depends to some extent on its origin. For example, the West Texas Intermediate (WTI) is cheaper than other kinds of oil because they are produced and refined in the US. So, the supply chain is shorter and this makes it cheaper than the oil produced by foreign countries (Ferrell & Hartline, 2010). Another important factor that determines the price of gas is the worldwide demand. The emergence of developing countries like India and China have fueled the demand for oil (Graham & Graham, 2005). When the supply is unable to meet the demand, the price of oil spikes. Oil is traded around the world in US dollars. When the value of US dollar decreases with respect to other countries, then the OPEC countries earn less. To compensate for this lower profit, they will increase the price of oil and this will cause the prices to rise at the pump. The reverse happens when the value of US dollar increases with respect to other countries. The price of gas has varied ... Get more on HelpWriting.net ...
  • 11. Community Vitality At University Medical Clinic COMMUNITY VITALITY During the windshield assessment of Fabens, TX, not many citizens were seen walking outside. There were a minute amount of people seen outside a gas station, filling–up their cars within the community. Additional citizens were mostly seen at University Medical Outpatient Clinic. Consequently, there were neither tourists nor apparent visitors to this town except for us solitary Texas Tech students. Perhaps, the only noticeable, prospective visitors may have been those individuals seen near an Interstate 10 gas station, situated on the edge of this township. Most citizens that were look to be between the ages of 35–65 years old, with the exception of a hand–full of children. That was seen at the health clinic; ranging in between the ages of 7–12 years old. Hispanics were the only visible ethnicity detected during the conduction of this assessment. The general appearances of those constituents were healthy, clean, and decently dressed. None of the citizens appear to be malnourished and those who exemplify obese attributes were no more than 20 pounds overweight. No citizens with disabilities or mental disorders were seen. None of the citizens that were observed seemed to under the influence of alcohol or drugs. During the assessment, there were no pregnant women or women with strollers seen. INDICATORS OF SOCIAL AND ECONOMIC CONDITIONS The homes within Fabens, Texas consisted mostly of old single wide trailer homes on small plots of land ... Get more on HelpWriting.net ...
  • 12. DLA-Energy Lastly, while it does not reduce fuel usage, modifying the method in which the Air Force purchases fuel will certainly have a positive effect on the total cost of energy. The Defense Logistics Agency–Energy (DLA–Energy) is the primary supplier of bulk petroleum, oils, and lubricants (POL), including all variations of jet fuel. Currently, DLA–Energy offers a level of price stability through the use of a standard price of fuel. The standard price is set nearly a year in advance of budget execution to approximate the actual price per barrel during execution, and is calculated using fuel price projections for the next 18 months . This projection includes the costs of transporting, storing, and managing the government fuel system which includes... Show more content on Helpwriting.net ... Figure 13 shows the historical variance between DoD estimated fuel costs vs actual. Figure 13: DoD Estimates Versus Actual Fuel Costs (2009–2013) The USAF could reduce their fuel cost simply by implementing a different method for fuel procurement with a secondary benefit of stabilizing the volatility in fuel prices. By mitigating exposure to volatile jet fuel prices, the Air Force will stabilize fuel budget and achieve an average price of jet fuel either at or below DLA–Energy's standard price of fuel. One possible fuel procurement strategy is for the Air Force to develop an official fuel hedging policy. Fuel Hedging can assist with stabilizing fuel budgets, as it allows for the establishment of a fixed or capped fuel cost, which helps to mitigate exposure to volatile and increasing fuel prices. Over 96 percent of airlines maintain official fuel hedging policies with the primary purpose ... Get more on HelpWriting.net ...
  • 13. Puerto Rico: Limited Jurisdiction Courts Introduction Puerto Rico has already developed a system of courts that is very similar to that of most states in the U.S., including municipal courts that have been merged with the court of first instance, an intermediate appellate court and a supreme court. Almost every state now has these four levels of courts, and the recent trend has included merging the municipal or limited jurisdiction courts with the general jurisdiction courts, and requiring their judges to be trained lawyers. Unlike most states, however, judges in Puerto Rico are appointed rather than elected and serve with lifetime tenure, as do those in the federal courts. There are no partisan or nonpartisan elections, retention elections or recall votes of the type that are so common in the fifty states. In addition, for four centuries the Puerto Rican legal system was based on the European or civil law model rather than the English common law, although over the decades it has become increasingly 'Americanized'. Initially, the U.S. legal system was widely regarded as a tool of imperial or colonial domination, especially since Puerto Rico never had any chance for independent development but went directly from being a Spanish colony to a U.S. one in 1898. Over time, however, Puerto Ricans of all classes gradually adopted this system and made it their own, particularly as the island began to urbanize and industrialize in the 1950s and 1960s and the demands on the court system increased greatly. Puerto Rico's ... Get more on HelpWriting.net ...
  • 14. Evaluating The Economic Impacts Of Pipeline Useage On The... EVALUATING THE ECONOMIC IMPACTS OF PIPELINE USEAGE ON THE TEXAS OIL & GAS SUPPLY CHAIN By JASHANDEEP SINGH Presented to the Faculty of the Graduate School of The University of Texas at Arlington in Partial Fulfillment Of the Requirements For the Degree of MASTER OF SCIENCE THE UNIVERSITY OF TEXAS AT ARLINGTON August 2015 Copyright © by Jashandeep Singh 2015 All Rights Reserved Acknowledgements This thesis dissertation is a milestone of my academic career. I would like to express my sincere gratitude to my advisor Prof. Erick. C. Jones for his support for my MS thesis, for his immense knowledge, patience and motivation. I would also like to thank the members of the thesis committee ............ for their encouragement, comments and their... Show more content on Helpwriting.net ... In order to meet the objective, specific objectives were put down to evaluate their impacts. First was to evaluate the economic impact of mode of transport and the infrastructure second was to evaluate the economic impact of refinery sustainability. Finally this dissertation aims at the mixed – integer programming model to demonstrate the economic impacts on the supply chain. Table of Contents AcknowledgementAbstract Acknowledgements1 Abstract2 Chapter 18 Introduction8 1.1 The dependency of Texas economy on oil & gas sector8 1.1.1 Problem Statement9 1.1.2 Research Significance and broader impacts10 1.1.3 Research Question and Hypotheses11 1.2 Research Purposes11 1.2.1. Overall Research Objective11 1.2.2 Specific Research Objectives12 Chapter 213 Background13 2.1 Crude oil13 2.2 Crude Oil Extraction17 2.3 Crude Oil in Texas22 2.4 Texas Economy and Crude Oil36 2.5 Oil Transportation and Storage41 2.6 Role of Pipelines48 Chapter 352 Methodology52 3.1 Description52 3.2 Hypothesis statement53 Chapter 461 Results61 Chapter 565 Contribution to the Body of Knowledge65 5.2 Limitations and Area of Disciplines66 5.3 Intellectual Merit and Broader Impact67 Appendix A69 References70 List of Illustrations Figure 1.1 Texas Field Production of Crude Oil9 Figure 2 Snapshot of the Excel Model56 ... Get more on HelpWriting.net ...
  • 15. Fatigue Ethics: Aristotle's Cardinal Virtues Virtue Ethics For the West, Aristotle and Plato are said to be the founders of Virtue Ethics. Plato's cardinal virtues are: the courage (the heart, the soldier) is the virtue of the spirited or passionate or emotional aspect of humans, sensuous (the body, the worker) appetite the virtue is temperance, and reason (the mind, the philosopher king) is the great virtue that makes us dignified and distinctively human. If all these virtues are well developed and balanced, we have a just human being and justice in society or the republic. (McKinney, pg.93). Aristotle's Nicomachean Ethics offer insightful perspectives on proper action and virtue that is rooted in ancient Greek philosophy and remains relevant in our modern world. From my understanding, ... Show more content on Helpwriting.net ... "A virtuous person of honesty will find it much easier, to be honest than a non–virtuous person." (McKinney pg. 92). Divine command theory is based on the understanding that moral value and moral obligation are consistent with obedience to God's commands. According to God's command, it would be wrong for a person to kill another person for "there is no right time for murder or the right amount of murder." (MacKinnon pg. 93). Contrastingly, moral relativism stresses that there is no absolute moral law that applies to everyone, at all times and in all places. There are different moral practices where the situation and personal encounters are supposed to control the moral position. Additionally, ethical egoism views all actions to be selfishly motivated. "I ought to look out for my self–interest and I ought to be concerned about others only if it contributes to my own self–interests." For example, when we do things, such as walking, it is important to consider what the purpose of that action is. Walking contribute to a healthy life, then a part of our purpose in life is to exist with health. This action is morally right if and only if it is to the advantage of the person doing ... Get more on HelpWriting.net ...
  • 16. The Oil And Its Effects On The Economy We go to know on the ecuadorian oil situation, his commercialisation to national and international level, analyse the diverse systems of exploitation that at present are treated of unsuitable form and with big deficiencies in the state field Know on the functions that operate at present in Petroecuador, and his result in the Ecuadorian economy. Know those who find mayormente benefited with the resource of the oil in the Ecuador, and as they find structured said advantages as they were the one of a good economy in the country and now is a difficult very high that are crossing. In our country the fall of the price of the oil would mean that the ecuadorian debt will keep growing by several reasons, between them, the prices that renegotiated with the companies devoted to the activity in the country, after the extension of the agreements. In this subject will speak about the situation that is living our country Ecuador and the diverse factors that influence so that the oil go down of price and as this keeping in the actuality. The oil in the Ecuador This fatal the fall of the prices of our oil does but difficult the efforts for continuing with the public work that allows the creation of employments, stimulate the trade and dinamizar the economy in general, has to be a priority of the country, has to think in the insustituible need of investment in social expense, allocated to the public health and education. Po His part, the National Government resolved to ask to the ... Get more on HelpWriting.net ...
  • 17. Tall Grass Research Paper The location of tall grass prairies is between the Mississippi River and Nebraska.the climate change of tall grasses is 10 inches in the west and 30 inches in the east of rain per year. Which means it helps the plants and wildflowers to grow and it provides for the food chain because it helps rivers and lakes get more water. Growing season late spring to early fall 50 degree FВ° to 70 degree on average. Dormant season which is late fall to early spring, – 40 degree F to 50 degree F, tall trees are not able to grow there because there is not enough precipitation. The soil is dark brown or black in color, also soil have formed under grassland vegetation, heavily influenced by the closely matted roots in the dense sod of the thick growing grasses. Roots eventually decay underground putting nutrients back into the soil, making it richer. Plants and... Show more content on Helpwriting.net ... Big bluestem grass (Turkey food) adapted to growing into growing in dense stands allows for less competition of sunlight generally, the key to survival are thick deep roots. Anchor into the soil to prevent being blown away in the wind. Animals in short grasses. The prairie dogs essentially are the squirrel of the prairies normally, squirrels inhabit trees, but in the prairies there aren't any trees. Therefore they burrow underground. Adapted to creating guard systems some stay outside the burrow to watch for predators while others mate and connect burrows . Adapted to semi–arid, windy environment with few trees or shrubs. Many Of the animals are thankful for the rodent populations and steal their burrows to survive the freezing to the sweltering hot temperatures. They can also withstand a great range in temperature from well below freezing in the winter to sweltering heat in the ... Get more on HelpWriting.net ...
  • 18. Monarch Butterfly Research Paper Monarch Butterfly Life Cycle and Migration The Monarch butterfly is a large orange and black butterfly that has been very well known throughout our lives, catching our eyes almost instantly. As children, many of us used to chase the creature around in our yards all spring and summer long. But, where do these Monarch butterflies disappear to when the climate changes and winter approaches, and what brings them back? The Monarch butterflies in North America undergo what is known as the longest insect migration in the world. Through years of studying, tagging, and research, it has been found that there are two migratory populations, in eastern and western North America, with the Rocky Mountains serving as the boundary between the two. According ... Show more content on Helpwriting.net ... A Monarch becomes infected when larvae that eat contaminated eggs or milkweed ingest parasite spores. In pupil stage, parasite spores form on the scales of the Monarch. When adults, dormant spores can be seen on the outside of their bodies toward the posterior end of the abdomen. The parasite can reduce larval survival, cause adult size to be smaller, and shorten life spans. It seems that the longer a butterfly migrates, the least likely it will become infected. This could be due to the idea that long–distance migration weeds out the infected, allowing less transmission to other generations. In other words, on longer migrations, it is survival of the fittest. In the study, Bradley and Altizer infected monarchs and recorded their long distance flight performance. Infected butterflies flew shorter distances, were slower, and lost more body mass (Bradley & Altizer, 2005). From Bradley an Altizer's experiment, we can conclude that parasites, specifically the protozoan Ophryocystis elektroscirrha, do affect migratory butterflies. If infected, a Monarch's life cycle can be cut short, and its migration performance very ... Get more on HelpWriting.net ...
  • 19. The Economic Impact Of Hurricane Katrina On New Orleans On the morning of August Twenty–ninth, 2005, Hurricane Katrina hit Louisiana and the Gulf Coast region. The storm brought the water to about twenty feet high, swallowing eighty percent of the New Orleans city immediately. The flood and torrential rainstorm wreaked havoc and forced millions of people evacuate from the city. According to the National Oceanic and Atmosphere Administration, Katrina caused approximately one hundred and eight billion dollars in damage. Hurricane Katrina was one of the most destructive disasters have ever occurred in the United States, but it also revealed a catastrophic government at all levels' failure in responding to the contingency. Within days Katrina struck New Orleans, the lack of efficient mismanagement ... Show more content on Helpwriting.net ... In the time of Katrina, this idea made federal government believed that their nonintervention was justified, causing the misunderstanding between governments at all level and the failure of efficient disaster aid. However, considering the purpose of the Constitution, this is a misinterpretation of the Tenth Amendment. The Tenth Amendment is not a reason for federal government to refuse offer common Defence and welfare to each states. The Bill of Right that contains Tenth Amendment serves to limit the abusive power of the federal government. It creates a Constitutional system includes big and small government with balanced power and the right to check each other. This idea does not conflict with the federal government's original intentions as how the preamble and Article. I. Section. 8 declares. In fact, the Tenth Amendment indicates the federal government assistance to the state and local government's work. Before and after the disaster, the federal government should provide help to coordination with states ... Get more on HelpWriting.net ...
  • 20. Pioneer Petroleum Corporation Cost Of Capital Case Cost of Capital _ Pioneer Petroleum Corporation Copyright © 1991 by the President and Fellows of Harvard College. Harvard Business School Case 292–011. One of the critical problems confronting management and the board of Pioneer Petroleum Corporation in July 1991 was the determination of a minimum acceptable rate of return on new capital investments. The company's basic capital budgeting approach was to accept all proposed investments with a positive net present value when discounted at the appropriate cost of capital. At issue was how the appropriate discount rate would be determined. The company was weighing two alternative approaches for determining a minimum rate of return: (1) a single cutoff rate based on the company's ... Show more content on Helpwriting.net ... The market for MTBE had been growing, and the new regulations were expected to lead to even higher growth. Also, Pioneer's SMOGMAN service centers specialized in state–required smog checks and related repairs. Weighted Average Cost of Capital The company's weighted average cost of capital was calculated in three steps: first, the expected future target proportions of debt and equity in the company's capital structure were estimated; second, costs were assigned to each of these capital components; third, a weighted average cost of capital was calculated on the basis of these proportions and costs (see Table A). TABLE A 1990 Weighted Average Cost of Capital Calculation Target Proportion of Future Capital Components Debt Equity .5 .5 Estimated Future After–Tax Cost 7.9% 10.0% Weighted Cost 4.0% 5.0% 9.0% There was a general consensus in management on the future mix of debt and equity in Pioneer's capital structure. A firm policy had been adopted that debt should represent approximately 50% of total capital (defined as total debt plus book equity) to balance the competing objectives of enhancing the returns to shareholders and maintaining financial flexibility. The company was committed to using its dividend and stock repurchase program to maintain
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  • 22. Mba 570 Complete Course MBA 570 Complete Course – Saint (Assignments– Dqs – quizzes) IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://acehomework.com /MBA–570–Complete–Course–Saint–5555500012.htm?categoryId=–1 If You Face Any Problem E – Mail Us At JohnMate1122@gmail.com MBA 570 assignment 1 This writing assignment should be in an essay format. It should use twoor more published news or academic articles which are less than a year old as cited references. In your essay, you should answer the following questions: What are value stocks? What are growth stocks? What is the reasoning that investorsuse for purchasing valueor growth stocks? Has valueor growthinvesting worked best over the long term? ... Show more content on Helpwriting.net ... The old factory needs extensive renovation which will still not leave it as efficient as the new factories planned for the new countries. Therefore, the NPV of the capital investments involved are equal for all three countries. You have calculated the NPV of each choice. The NPV of keeping the U.S. factory open is $1,000,000. The NPV of moving the factory to Canada or Ireland is $10,000,000 and $35,000,000 respectively. In this writing assignment, you should answer the following questions: ? Where should your factory be located? Why? ? Who are the stakeholders in this decision? How did you take the stakeholders into account when making your decision? ? How does your decision support responsible stewardship and integrity in the context of financial management? The essay will be in APA format and be 500–1,000 words in length (this range includes everything in the assignment including your name, title, and citations). Turnitin.com software will be used to ensure that submitted assignment
  • 23. Mba570 all discussions Module 1 Discussion This discussion question for this module has two parts. Respond to both parts to receive full credit for this assignment. Part 1:What is a hostile takeover and what generally happens to the stock price of the firm being acquired in a hostile takeover? Part 2:How does a hostile takeover ... Get more on HelpWriting.net ...
  • 24. Bp and Stakeholder Mismanagement Thesis Poor stakeholder management led to preventable mishaps such as the disasters in Alaska and Texas. Specifically, BP 's defensive approach towards stakeholder management led to lavish compensation for upper level management while creating hazardous working conditions for employees and a burden on all of society in the form of rising oil prices and environmental damage. Background British Petroleum was founded in 1908 and since then has rapidly grown to become the eighth largest company in the world . However, as of late, BP has come under fire for several high profile disasters, including the Texas City refinery explosion and the Prudhoe Bay oil spill. In 2005, an explosion occurred at BP 's refinery at Texas City.... Show more content on Helpwriting.net ... The US Chemical Safety Board stated that there "is a solid case for citing some fault on cost cutting" in the Texas City disaster. In fact was BP aggressively cut maintenance investment in their refinery by 84% between the years 1992–2000 . Additionally BP lacked many company wide safety standards and left the decision making to plant managers, a position which had a high turnover rate . Cost cutting was eventually handed down to the employees in the form of a hazardous work place, with 15 deaths and over 170 others injured in the Texas City explosion. Stakeholder Snapshot: Society BP 's negligence and lackluster response to the Prudhoe Bay oil spill caused damage to the surrounding environment and forced a spike in oil prices, drawing intense criticism and scrutiny from the Federal government and the American public. BP 's handling of the cleanup has raised serious questions about the concern the company has for the environment. Five months following the accident, 17,000 gallons of crude oil remained to be drained from the surrounding areas of the pipeline . Following the accident, BP has faced pressure from the Justice Department, the Environmental Protection Agency, and Congress due to the environmental damage. Prior to the spill, the company was already being investigated by the EPA for possible violations of the U.S. Clean Water Act due to pipeline corrosion. It now faces a grand jury investigation which may lead to
  • 25. ... Get more on HelpWriting.net ...
  • 26. Methods of Enhanced Oil Recovery Essay example Introduction With almost 200 billion barrels of technically recoverable oil reserves located in the United States alone, it is not surprising why so many companies are adopting enhanced oil recovery techniques in everyday operations ("Total energy", 2012). Oil production can be broken down into three main components: primary, secondary, and tertiary recovery. Primary recovery is when the well is first drilled and the natural pore pressure of the rock squeezes hydrocarbons out of the pore space. During this time the hydrocarbons are put under immense pressure and the majority of the liquids and gases will flow to the top. Secondary recovery is when water and gas injection are used to transfer the oil from the reservoir to the surface.... Show more content on Helpwriting.net ... Cyclic Steam Stimulation An example of thermal recovery is cyclic steam stimulation which is a method of increasing oil production by going through multiple steam cycles. First a steam generator heats water to produce steam so that the injection wells can heat the surrounding formation. Then the well is shut in and the heat is given time to diffuse into the oil, which reduces the viscosity of oil. Soon afterwards, the well returns to production and the initial oil rate is higher due to the increase in reservoir pressure. Once the heat has dissipated far into the formation, the oil saturation may drop because the porosity no longer has an external force holding the space between the grains open. After the initial cycle has been completed the cycle can be three to four times before production gains become insignificant. Steam Assisted Gravity Drainage Steam assisted gravity drainage (SAGD) is also a type of thermal recovery which injects steam into horizontal wells for heavy oil reservoir production and tar sand production. (Steam assisted, 2013). SAGD begins by drilling two parallel horizontal wells about four to six meters apart. The upper well will have steam injected into it while the bottom well is used to collect the heavy oils, such as Bitumen. As the steam spreads throughout the formation in all directions, any gases, such as CH4, CO2 and H2S, will ascend to the top of the ... Get more on HelpWriting.net ...
  • 27. Swot Analysis Of Rowland Co And Owc Company I like to have a mutual understanding of the possible cooperation between Rowland Co and OWC company where I is cofounder and a managing partner. I totally understand, that the capital investments involves risk. In order to help you with the risk assessments I would like to hear from you, what is most important information you need to realistically look at the big picture and make the decision. We can describe the risk by evaluation of Financial, Market , Technical and Management feasibility for our enterprise. Financial: OWC invested available capital into developing engineering solutions and knowhow for the depleted oil wells and reservoirs. Significant studies, testing and deployment were done in the Soviet Union and the... Show more content on Helpwriting.net ... The Short–term Energy outlook for the end of 2016 is $40/b, For 2017 $50 The Forecast West Texas Intermediate (WTI) at the end of 2016 around $38/b Operating Cost In the US Average Operating cost per barrel $13.50. The most expensive is the shale operations. The cost varies from the Texas Permian Basin to the Marcellus shale. For conventional well cost–effective prices to maintain many existing wells is $10/b across the US. To increase the oil output the oil operators are facing the decision: drilling new wells or subscribe to the Enhancing Oil Recovery (EOR). We can argue that the correct EOR is more cost effective to the drilling new wells. In many places the drilling is financially prohibited at the current oil price. Technical: There are many methods intended to increase the wells productivity: Chemical, thermal, magnetic pulse generators ,CO2 and many others . All of the above methods in certain circumstances could make improvements in few additional barrels. It is not my intention to conduct and provide comparison studies. Our methods were built around the Hydro Slotted Perforation. The technology is based on the uploading rock stress around the wellbore zone and in opening a hydrodynamic communication that instigates the drastic increase in the oil output. Depending on the formation, we can increase oil output in average to 25 barrels/day. We could use additional methods centered ... Get more on HelpWriting.net ...
  • 28. What Is The Quarter Horse Essay American Quarter Horse The Quarter horse, or the American Quarter Horse is the all American symbol in the equine world. A remarkable animal, with an amazing history, the American Quarter Horse can easily spring roughly Вј times faster than other horse breeds. Originally created for competing in quarter races several centuries ago (thus the name of the breed), the Quarter Horse is one of the most complex, and beloved horse in America, if not in the world. Very adaptable and with a gentle, thou resistant nature, the breed gained recognition only in 1940, and soon after, the AQHA ( American Quarter Horse Association) was formed. Then the American Quarter Horse Museum and the American Quarter Horse Congress were created, as follow–up of the breed's increasing popularity. Excellent for pleasure, cattle and racing, this horse has it all, so it's no wonder that everyone loves him so much. Short History of the American Quarter Horse Quarter Horse comes from the Quarter Mile races organized by the first English colonists. ... Show more content on Helpwriting.net ... Choosing and then taking care of a horse, is no easy peasy, so before purchasing it, think wisely. You will find lots of American Quarter Horses for sale, on websites and at different ranches, but our advice would be to be very careful when it comes to the horse's pedigree, the show's it took part in, the farm in which it was grown, etc. While looking for your future horse, you may see the word Appendix. An appendix is a specimen that isn't completely purebred and is usually a crossbreed of Quarter and Thoroughbred. These horses are considered Quarters, but they are registered in a special system which is the Appendix. Once again, you need to decide the main reason for buying the horse, as for example, the Appendix horses have breeding restrictions. Appendix horses are only allowed to breed with regular numbered horses and they cannot breed with Thoroughbred or other Appendix ... Get more on HelpWriting.net ...
  • 29. The Current Governor Of Texas The Constitution divides the powers of the government of the State into three distinct departments: the legislative, the executive and the judicial. Under the terms of the Constitution, no person in any one department may exercise any power attached to another department unless specifically authorized to do so by the Constitution. First is the executive branch. The executive branch is often referred to as a "plural executive" because many of the offices in that branch of government are elected directly by Texas voters. The Executive Department of the State is composed of the Governor, the Lieutenant Governor, the Comptroller of Public Accounts, the Commissioner of the General Land Office, the Attorney General and the Secretary of State, all of whom are elected except the Secretary of State (who is appointed by the Governor). The current governor of Texas (48th) is Republican Greg Abbott, a former lawyer and former Attorney General. In order to be the governor of Texas, one must be at least 30 years of age, a US citizen, a registered voter, and must be living in Texas for at least the last 5 years. Being Governor is a 4 year term with no term limits and is a full time job with a salary of $150,000 per year. The Governor has powers including some law enforcement powers, some military powers, the title of "Head of State" who gives the State of the State Address, can appoint department heads like the department head of Park and Wildlife and Department of Transportation, and he ... Get more on HelpWriting.net ...
  • 30. Essay On Oil On the surface, the oil market presents something that is both confusing and complex, as its sheer volatility (and prior bad press) has worked to put off many an investor in the past. When it comes to oil, risk is always going to be something that traders have to contend with, but that doesn't mean that you should necessarily run a mile when the market crosses your path. Due its standing within the world's economic and political systems, along with its notoriously high liquidity, oil trading is still something that should carry appeal to active traders. With a sharp eye and knowledge of the market, oil can easily make up a key element within your investment portfolio. Helping you make that a reality, the following looks at exactly how you ... Show more content on Helpwriting.net ... Russian Expert Blend is largely exported to the likes of Italy and the Netherlands. III.Breaking down the major consuming nations Globally, the largest consumers of oil are the world's most advanced and developed industrial nations. These nations include the United States, Germany, Russia, and the United Kingdom. However, over the past few decades several nations from Asia and the Far East have become officially classified as major oil consuming nations, including China and Japan. When trading oil it pays to keep an eye on the major consuming nations, as any increase or decrease in usage is sure to have an impact on the commodities performance. Something that is also worth monitoring – with this tying into the performance of major consuming nations – is OPEC, the Organisation of the Petroleum Exporting Countries. This international organisation works to ensure both the stablisaiton of the oil markets, along with coordinate and unify petroleum policies. Current members of OPEC include mass–producing oil nations (13 in total, including Saudi Arabia, UAE, Iran, Iraq, and Qatar). Considering that OPEC has the power to decide policies related to the production and sale of petroleum oil, it certainly has the power to impact the price, flow, and distribution of oil worldwide. IV.Learning about what moves crude oil Much like any other commodity, oil is and its value can largely ... Get more on HelpWriting.net ...
  • 31. The Texas Panhandles Top Rodeo Retail Store EXECUTIVE SUMMARY JHTL is a unique clothing and accessories store aimed at the cowboy/cowgirl population in the Texas Panhandle. We are here to provide rodeo style products to our clientele. It is the goal of JHTL to become the Texas Panhandles top rodeo retail store. We hope to obtain both high profits and a reputation for great customer satisfaction by offering a large variety of high quality and rare products to our customers. Located in downtown Canyon, we provide a central location for the growing cowboy/cowgirl community. We believe it is important to create an atmosphere of acceptance and community care, as well as a place where individuals can identify and bond with aspects of their culture. Our company takes pride in giving back to the community. JHTL encourages a creative work environment for its employees, as well as a deep respect for diversity. In addition to this, we offer employee goals such as profit sharing with company growth. 1.1 Objectives 1.To make JHTL the number one cowboy/cowgirl retail store in theTexas Panhandle. 2.To receive a modest profit margin within the first year. 3.To have a customer base of 5,000 by the end of year one. 4.To achieve a positive net profit by year two. 1.2 Keys to Success In order for JHTL to succeed we must:
  • 32. Offer high–quality and unique products Provide excellent customer service Be a helpful and respected member of the community Create continued customer loyalty, resulting in repeat purchases ... Get more on HelpWriting.net ...
  • 33. Bp/Amoco Merger Acquisition | BP Amoco/Arco Merger| Merger and Acquisitions Term Paper| | | 12/10/2012| | Contents Time Line of Events3 Introduction4 Industry Analysis5 Overview of ARCO 's Business7 Overview of BP Amoco's Business7 Value Creation from the Merger:8 Competitors Analysis9 Antitrust Issues11 FTC Arguments12 What Happened?14 Divestitures14 Phillips Acquires ARCO Alaska15 FTC dissent16 Performance and key Financials17 Annual Shareholder's meeting:19 Conclusion:20 Time Line of Events April 01, 1999: Merger confirmed by BP & ARCO. Deal valued at $26.8 bill. 400 layoffs expected in AK (2000 worldwide); Gov. announces formation of task force consisting of Attorney General... Show more content on Helpwriting.net ... Governor issues press release applauding announcement and asserting that the deal preserves most points from his Charter Agreement.| | March 21, 2000: Merger Committee sends letter to FTC Chairman Robert Pitofsky endorsing Phillips Petroleum 's purchase of ARCO Alaska 's assets, signed by Halford, Pearce & Porter. Merger committee issues release endorsing Phillips ' acquisition of ARCO Alaska 's assets and recommending FTC Approval of BP/ARCO Merger.| | March 24, 2000: Exxon sues to block merger.April 26, 2000: Phillips Petroleum announces it has completed its acquisition of ARCO 's Alaskan businesses.| | | Introduction In March 1999 British Petroleum Amoco (BP) announced its intention to acquire the Atlantic Richfield Company (ARCO) for $25.6 billion in stock, by exchanging 1.64 BPA U.S. ADR share for every outstanding share of ARCO (9.84 U.K. ordinary share), post –BPA stock split. On 1 April 1999 the Boards of BP Amoco and ARCO announced that they had reached agreement on a proposed combination of their two companies. The enlarged group will initially be held as to 85% by BP Amoco shareholders and 15% by ARCO shareholders. The BP/ARCO deal was one of the largest oil mergers ever and attracted a lot of public attention as well as antitrust scrutiny. The merger raised fundamental antitrust concerns that could be alleviated only by major ... Get more on HelpWriting.net ...
  • 34. Ch3-Arbitrage and Financial decision making 9/12/2014 е…¬еЏёзђ†иґў3_з™ѕеє¦ж–‡еє“ з™ѕеє¦ж–‡еє“й¦–йЎµ | ж–°й—» зЅ‘йЎµ иґґеђ§ 知道 йџід№ђ 图片 视频 ењ°е›ѕ 百科 ж–‡еє“ е…¬еЏёзђ†иґў3 DOC е…ЁйѓЁ й¦–йЎµ з™ѕеє¦ж–‡еє“ 应用文书 分类 жЂ»з»“/汇报 е…¬еЏёзђ†иґў3 (2дєєиЇ„д»·) е…¬ еЏёзђ†иґў, е¤–, ж–‡ иЇѕ и‹± |
  • 35. 817дєєй …иЇ» 3 PPT TXT ж•™и‚Іж–‡еє“ PDF 个人认证 з™ѕеє¦дёЂдё‹ 百度特权 | дё‹иЅЅе®ўж€·з« Ї | з™ѕеє¦й¦–йЎµ | з™»еЅ• жіЁе†Њ её®еЉ© XLS жњєжћ„дё“еЊє дјљи®®дёеїѓ ејЂж”ѕе№іеЏ° ж€‘з љ„ж–‡еє“ Chapter 3 | 17ж¬Ўдё‹иЅЅ
  • 36. | дёѕжЉҐж–‡жЎЈ Arbitrage and Financial Decision Making 3.1 Valuing Costs and Benefits 1) Which of the following statements regarding the valuing of costs and benefits A) The first step in evaluating a project is to identify its costs and benefits. B) In the absence of competitive markets, we can use one –sided prices values. C) Competitive market prices allow us to calculate the value of a decision the ... Show more content on Helpwriting.net ... Assuming you currently WTI crude, what should you do? A) Sell 10,00 Bbls WTI crude on the market and use the proceeds to purchase and crude. B) Do nothing, refine the 10,000 Bbls of WTI crude. http:/ /wenku.baidu.com/view/3323bcbc960590c69ec3760a 5/36 9/12/2014 е…¬еЏёзђ†иґў3_з™ѕеє¦ж–‡еє“ C) Trade the 10,000 Bbls WTI crude with the other refiner and refine the 10,150 D) Trade the 10,000 Bbls WTI crude with the other refiner and then sell the 10,150 crude. Answer: A Diff: 2 Skill: Analytical Chapter 3 Arbitrage and Financi Use the information for the question(s) below. Low–Grade Copper Ore $571 per Ton High Grade Copper Ore $843 per Ton Coloma Cooper Incorporated is able to produce $640 worth of copper from one ton
  • 37. Because ... Get more on HelpWriting.net ...
  • 38. Civil War In Far West: A Case Study Civil War in Far West: New Mexico Campaign, 1862 has been the 2 player, lower to intermediate complexity simulation about the Confederate invasion about United States southwest. This has majorly been the strategic level design however this in addition includes operational undertones. Confederate player has often been on offensive however situation in addition calls for Union player for making counterattacks (Bentley 2010). Confederate Texan invasion about New Mexico Territory within the year 1861 to 1862 had been the westernmost campaign of Civil War. In the June of year 1861 President Jefferson Davis has appointed the Henry Hopkins Sibley, the previous routine army officer, the brigadier general along with authorized him for recruiting the... Show more content on Helpwriting.net ... Single Union man along with 4 Confederates had been killed. It had been the final Civil War battle within the New Mexico. Canby decided that both the armies might not be subsisting on meager resources within region along with allowed Texans to escape. Hunter's company returned from Tucson, thus having skirmished on 15th April at the Picacho Peak having the California troops advancing along Gila for joining the Canby. Sibley detoured within the Fort Craig by the rugged San Mateo Mountains as well as at the time of May reached Mesilla Valley having one thousand eight hundred weary men. Confederates spent May and also much of June within Fort Bliss vicinity. They have collected supplies along with raided north in the New Mexico for horses required for journey home. At the time of June Sibley's men, traveling within smaller parties, headed for the San Antonio. By initial July Confederate rear guard at the Mesilla left for the Texas. California Column of one thousand four hundred men, led by Brig. General James H. Carleton crossed Arizona deserts as well as arrived on Rio Grande. Sibley's New Mexico campaign had been the disaster. Of three thousand two hundred troops concentrated within the Fort Bliss at the time of winter of the year 1861 to 1862, five hundred became prisoners of the ... Get more on HelpWriting.net ...
  • 39. Pros And Cons Of The Keystone Pipeline What is the Keystone Pipeline? On January 24, 2017 TransCanada submitted a third application for a Presidential Permit to construct, operate, and maintain the Keystone pipeline system to import crude across the international border of Canada into the US. Originally, TransCanada submitted an application in 2008 and another in 2012 during President Obama's administration. The first two applications received much scrutiny from the State Department, they conducted a combined total of five Environmental Impact Statements (EIS), multiple public comment periods, and analyzed multiple alternative routes. Figure 1 shows the entire route of the Keystone pipeline system from Hardisty, Alberta, Canada through Oklahoma and down to Port Arthur, Texas.... Show more content on Helpwriting.net ... Many of the opponents argue the pipeline only creates temporary jobs for two years during construction, and continually report the lower end estimated economic benefits. In contrast, the proponents typically exaggerate the economic benefits proclaim the lasting stimulus the project will provide. The truth usually lies somewhere in between. Undoubtedly, the construction phase of the project will provide the most immediate benefit to the US economy than the operation and maintenance phases of the project. During the construction phase, it is estimated that $3.4 billion dollars would be added to the U.S. gross domestic product (GDP). Of that, roughly $2.05 billion would be earmarked for employee earnings related to the construction phase. However, after the construction phase, approximately only 50 permanent employees and 15 temporary contractors would remain to operate the pipeline. (Department of State, 2017) Evidently, this project will not provide a long–term windfall of economic stimulus. Nevertheless, $2.05 billion dollars in employee earnings in the next two years during slower economic times is nothing to write ... Get more on HelpWriting.net ...
  • 40. Mesozoic Vertebrates Mesozoic vertebrates of Texas have received less attention than Paleozoic. In the early 1900s E. C. Case collected and reported amphibians and reptiles found in Triassic sediments along the eastern edge of the High Plains, and Sankar Chatterjee of Texas Tech University has also made important discoveries there. Notable are skeletons of phytosaurs. These aquatic reptiles, up to thirty feet in length, had elongated snouts armed with thick, sharply pointed teeth. Their habits were probably much like those of modern crocodiles. Some lightly armored forms were not unlike crocodiles in appearance, except for their long, hook–nosed snouts, but some armored types of phytosaurs may have looked almost like arthropods. Through work centered at the University of Texas at Austin, parts of the Trans–Pecos region have yielded important fossils of Cretaceous reptiles, among them enormous crocodiles and the largest known pterosaur. Much of Central Texas probably contains bones of Cretaceous vertebrates, but the land is so heavily vegetated that discoveries are few. However, remains of dinosaurs, plesiosaurs, and even primitive mammals have been found and are preserved at the University of Texas and Southern Methodist University.Fossil vertebrates, especially mammals, of the middle to late Tertiary and Pleistocene ages abound in Texas. Much of the fossil history of horses, camels, rhinoceroses, and other kinds of both living and ... Show more content on Helpwriting.net ... Schultz, West Texas State University, Canyon; Sankar Chatterjee, Texas Tech University, Lubbock; Walter W. Dalquest, Midwestern State University, Wichita Falls; Bob Slaughter and Lewis Jacobs, Southern Methodist University, Dallas; Arthur H. Harris, University of Texas at El Paso; and Wann Langston, Jr., John A. Wilson, and Ernest L. Lundelius, Jr., University of Texas at ... Get more on HelpWriting.net ...
  • 41. The Potential Impact of Electric Vehicles on the Oil Industry The Potential Impact of Electric Vehicles on the Oil Industry Question A Crude price differentials refer to the differences which are seen in the prices of the different types of crude oil (Oosterman, 2013, para. 2). Sweet crude, such as West Texas Intermediate (WTI), tends to be favored over sour crude as it has a higher yield, requires less refining to meet sulfur content standards, and has fewer environmental issues (Oosterman, 2013, para. 4). Therefore, the sweet crude tends to have a higher price compared to other types of crude. If a technological breakthrough occurs, making electric vehicles popular and cheap to purchase resulting in 50% of consumers switching to electric vehicles this will have a significant impact on the demand for the gasoline, which would see a decline of 50% (assuming that all consumers use the approximately the same level of fuel). If there is a decline in the demand for the gasoline, this will result in a demand for the oil used to make the gasoline, as shown in figure 1 below. If the supply remains the same but the demand decreases the price will decrease (Nellis and Parker, p119). Figure SEQ Figure * ARABIC 1; Decrease in demand INCLUDEPICTURE "../../../../AppData/Local/Temp/scl3.PNG" * MERGEFORMAT (Adapted from Nellis and Parker, 2006, p27) However, this is the overall position of the oil, as there are some oils that are in a greater demand than others, it is likely that the price equilibrium will move at a different rate, as ... Get more on HelpWriting.net ...
  • 42. Essay on Rising Gas Prices in the United States Once upon a time Americans hopped into their cars on warm spring days and took long drives to admire the beauty of nature. Teenagers took joy rides around town to meet friends and rode from one "hot spot" to another. Those were the days when gas prices were affordable to the average American. Over the past few years, gas prices in the United States have been on the rise. What is causing the increase in gas prices? To understand the increase in gas prices, one must first identify the distribution of dollars paid per gallon at the pump. According to the U.S. Energy Information Administration (eia) in 2010, the annual average paid at the pump consisted of 68% crude oil, 7% refining, 10% distribution and marketing, and 15% taxes... Show more content on Helpwriting.net ... In response to the rebellion, Gadhafi has amassed a military force that includes regime supporters and hired mercenaries to fight against the rebels. This has caused an upheaval all throughout Libya's oil industry causing turmoil within the National Oil Corporation (NOC). "Along with smaller subsidiary companies, the NOC accounts for around 50 percent of the country's oil output." (Reuters) In addition, major foreign international oil companies operating in Libya have evacuated employees. These companies include Eni, StatoilHydro, Occidental Petroleum, OMV, ConocoPhillips, Hess Corp, Marathon, Shell, BP, ExxonMobil, and Wintershall, a subsidiary of chemical company BASF. (Reuters) Meanwhile the North Atlantic Treaty Organization (NATO) has decided to enforce the no–fly zone over Libya and protect citizens. As the United States, United Kingdom, and France prepared for action against Libya under the U. N. resolution, the cost of crude oil per barrel rose to $103.66. (Press) The United States launched cruise missiles against Gadhafi's military forces. Missile strikes as well as Gadhafi's own land attacks have halted Libya's oil production and exportation. "The International Energy Agency (IEA) said that while the rebellion against Libyan leader Moammar Gadhafi continues, "what is becoming clearer is the country's oil production and exports could be off the market for many months due to ... Get more on HelpWriting.net ...
  • 43. Oral Interview With Vanna Moore Essay On September of 2016, I did an oral interview with Vanna Moore about her military past and Vanna's ties to Texas. Over the whole interview I asked her questions about her experience in Afghanistan and along the way I asked her questions about Texas. To the best of my knowledge Vanna answered "who are these people, these Texans", what do Texans tell us about America, and what she thought ofTexas. We talked about how her military experience shaped her conceptions of Texas. In a setting such as this one and her experiences combined she had moments where she seemed more comfortable and opened, and other moments that were difficult to get through. After this oral interview experience I feel as though I know how I could use oral histories in my classroom. During the beginning of the interview I asked Vanna "What do you think the difference is betweenWest Texasand Texas from other regions of the state?" Her answer consisted of a lot of "umms", but I think she answers the question "Who are these people, these Texans" in this statement "So, it's kinda like our own little world. And. But the people, the people I don't know. I guess it's. The people are like, are more like small town people, there umm. I guess more like hospitable." Vanna describes West Texans as being hospitable and having small town behavior. I should not have to explain small town behavior, because Hollywood has done a wonderful job at giving us a "great" idea of what small town people act like. Also, in the ... Get more on HelpWriting.net ...
  • 44. Wage Led Growth Good For Credit Unions And The Macro Economy Wage–led growth good for credit unions and the macro economy 2016 opened with stock markets in turmoil, news on the slowing Chinese economy, and oil prices falling below $30 a barrel. Credit unions have concerns on how these affects their operations. Concerned investors overreacted to the news of a slower Chinese economy, which partly explains the stock market turmoil in the U.S. and around the world. China's economy is not immune from the business cycle. Its economy's growth rate eventually came down from the double digits to the single digits as it undergoes structural changes. China is shifting from an export–led to a domestic consumption driven economy. Since 1976, the beginning of China's journey towards integration into the global economy, annual GDP growth averaged 9.5%. Since 2012, growth has been below average falling to 6.8% in the fourth quarter of 2015. While it can be argued that China's economic slowdown has both direct and indirect effects on the U.S. economy through trade and financial flows, a slowing Chinese economy has marginal effects on credit unions. Moreover, it is difficult to aggregate the effects of China's economic slowdown in future U.S. economic growth. Unlike banks, credit unions have limited exposure to the ever present daily gyrations in the stock market. The stock market turmoil in January was not a viable indicator of a U.S. economic slowdown. The stock rout was a result of investors' reaction to further declines in oil prices, strength ... Get more on HelpWriting.net ...
  • 45. Egyptian Society: Traditional Middle Eastern Values... Egyptian Society: Traditional Middle Eastern Values Blended with Western Beliefs Amongst the turbid and dysfunction that is the Middle East lies the nation of Egypt. Egypt, a major country of the Middle East, is habitually considered stereotypical of Middle Eastern civilization, but further research guides one to the conclusion that Egypt is far from a generic Middle Eastern country. Egypt has a strong tradition of nationalism that has been formed during its history, giving it a national unity that is often non–existent in other Middle Eastern nations (1). This, as well as other advantages that Egypt has gained during its past, has allowed it to rise above the problems plaguing the rest of the Middle East and to form basically its ... Show more content on Helpwriting.net ... For the most part, the assets of their private life did not play a role in their importance in the public realm. All were equal in this realm. The two realms were thus completely separate of each other. The present–day United States is noticeably different from that of ancient Greece. The difference is basic: the private and public realms have merged to form one major realm, society (3). With this new blended realm of society, one's personal life significantly impacts one's role in the public. Better said, the private realm becomes public, able for all to view. This creates an unequal balance, giving high authority to those with impressive wealth or other valuable assets in their private realm. Arendt comments on the distortion of the public realm, which is now technically non–existent in the social realm, when she says: Being seen and being heard by others derive their significance from the fact that everybody sees and hears from a different position. This is the meaning of public life, compared to which even the richest and most satisfying family life can offer only the prolongation or multiplication of one's own position with its attending aspects and perspectives. (4) The best evidence to support this transition of realms is the disclosure of the most personal matters of celebrities regularly discussed on a mass media forum. The two societies of Ancient Greece and modern–day America are apparently so drastically different in comparison ... Get more on HelpWriting.net ...
  • 46. Oil And Gas Industry : The United States Government... In 1973, the United States government restricted the export of domestically produced crude oil. At the time, this was largely regarded as a sound decision. Not only was domestic production in a decline, but the global political climate was fundamentally inhospitable. However, in recent years, the oil and gas industry has exploded into a huge upswing, due in no small part to the evolving technologies surrounding hydraulic fracturing and horizontal drilling. Between 2009 and 2013, crude oil production in the United States increased by roughly 2.1 million barrels per day and, according to ICF estimates, is projected to increase another 3.2 million barrels per day through 2020 (ICF International 2014). This has led to a high profile discussion regarding the removal of the export ban which peaked in October of this year when President Barack Obama stood firm against repealing the ban, even threatening to veto the bill completely, despite the House of Representatives voting to pass it. With domestic oil and gas production at an all–time high, continuing with the ban makes little economic sense, and this report will further explain the belief behind why the ban should be repealed and why it would make a positive impact on independent exploration and production companies. When the export ban was put into place, its main goal was to protect domestic reserves as well as protect domestic consumers from any price shocks in the market. Now, the situation is so different that the ban ... Get more on HelpWriting.net ...