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Benchmark Paper
Understanding the Basic for Battery Benchmark Benchmarking android phone battery is not as simple as you may thought of. Depending upon the
choice of chipset and number of cr–apps stuff. Your 2500 mAh battery result different that other device with same reading. Specially, when you're
hunting an android smartphone on internet just make sure your expectation with different chipset will be different. Just for your Knowledge A
MediaTek chipset use same CPU for different usage like for WiFi, providing display signal, capturing photos, etc. A Snapdragon on the other hand
balance performance with separate adapters. Say, display deals with separate display adapter and camera with camera adapter. In short, Snapdragon
will take less load on CPU... Show more content on Helpwriting.net ...
Let it discharge Understanding the Battery Torture Test We first played a couple of movies in order to run multiple test at once. While watching
movie we have put Display Adapter, CPU, Speaker at run. In modern chipset we have different display adapter to process display signal, say
Snapdragon 410. Each and every component in motion are consuming battery while you watching the movie. So in this test we have put our phone
to moderate stage in order to run our test. Memory extensive games takes much of your memory and use the moderate cores of CPU. Asphalt
Airborne is our best choice here. In this test we consume battery for audio signals, display signals, CPU and heavy usage of memory. Oh and to
play games like that we need to connected to either mobile data and connectivity. Which means extra load on battery. CPU extensive games use the
hard cores of CPU, requires heavy memory too. It can not be smooth by putting memory on free. In this case we are sure to use display, audio and
connectivity signals with the gaming cores and memory. Youtube test is one of my favorite. Sitback and enjoy your favorite Markiplier lets play or
Cinemasins goof. This test uses connectivity signal, usage of speaker or analog signal for headphones,
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Case Study On Anadarko Petroleum Corporation
Anadarko Petroleum Corporation
Continued downturn in the oil and natural gas prices in the past year had significant impact on Anadarko Petroleum Corporation (NYSE: APC), with
its shares losing over 63% of their market value. However, the recent uptick in the crude oil prices helped the company to recapture approximately
45% of the lost value for its shares. Although, its shares are down nearly 8% since year–to–date, but its influential steps of late should allow the
company to stay competitive during this extended low oil prices and drive its growth in the long–term.
These stepladders include increasing higher margin oil sales and volumes, further reduction in operating and capital costs, monetization of non–core
asset sales, dividend cut and enhancing efficiencies across the operation. Let us have a look. ... Show more content on Helpwriting.net ...
The most important part of this asset monetization is that it expects to realize about $1.3 billion in the first–half of 2016, as shown in the chart below.
As observed in the chart above, this strong cash will not only allow the company to reduce its net debt but to make further investments in the higher
margin oil fields such as Ghana and Algeria as stated above. Its net debt stood at $14.8 billion at the end of the fourth–quarter of 2015.
Conclusion
Anadarko Petroleum is successfully navigating in a volatile environment through its strategic steps that should allow the company to remain
competitive going forward. In fact, its move such as increasing higher margin oil and sales will improve its top line performance, while steps like
reducing well costs at already economical oil fields such as Delaware and DJ Basin will enable the company to display a better bottom line numbers
in 2016. Thus, Anadarko remains a good oil stock in the long–run with the growth in the oil and natural gas
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Oil Prices And Stock Market Essay
INTRODUCTION
In this empirical project I will try to explain the relationship between the oil prices, gold prices and stock market in the United State using yearly
time series data. Since the gold and oil prices are raising their influence on stock market is also increasing and we will see how fluctuations in oil
prices and gold prices impact the stock market in the United States. So here oil prices and gold prices will be our explanatory variable and stock market
index will be our explained variable. In this study we will use multiple regression analysis to explain the relationship.
The data is collected from years 1961 to 2010 so the sample size is 50. The explanatory variable gold is in average us dollars per ounce and crude oil
is in ... Show more content on Helpwriting.net ...
Another reason is due to depreciation of the US dollar as it depreciates people want to spend more in gold to hedge against inflation so the prices
of gold is increasing. The cost of country's economy is determined by oil prices so oil plays a vital role in the economy of the US. Generally high oil
prices badly impacts the performance of the stock market and high oil prices means that people may considered to invest more in stock market.
Hamilton (1993), Gisser and Goodwin (1988), and Daniel (1997) have shown that there is a strong relationship between the oil prices and stock
markets. Several further have been done by Jones and Kaul (1996), Sadorsky (1999) and Faff and Brailsford (1999) in order to explain this
relationship. Sadorsky (2003) used the vector correction model to verify the relationship between the oil and stock prices. Abken (1980) have shown
that inflation influences the gold prices and proved that they have a positive correlation where as Mahdavi and Zhou (1997) found out that gold is no
longer inflation protective asset. So there are several studies have been already done in this field which has helped us to better understand the
relationship between the gold, oil and the
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What Is The Equity Analysis Of Asian Paints
Asian Paints Equity Analysis Report | Sector: Consumer goods
CMP: INR842.65 (14 January 2015) TP: INR860 (+2%)Neutral
Asian Paints is India's largest paint company and Asia's third largest paint company, with a turnover of Rs 127.15 billion. The group has an enviable
reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 17 countries and has
23 paint manufacturing facilities in the world servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world
through its subsidiaries Berger International Limited, Apco Coatings, SCIB Paints and Taubmans.
Valuation and View... Show more content on Helpwriting.net ...
Moreover, decisive policy measures by the new business‐friendly government will spur urban demand. Diversification into water proofing, modular
kitchens and bath fittings places the company in a sweet spot to corner higher wallet. Account for 3QFY15 miss, we estimate 30.5% EPS CAGR over
FY15E–17E, with underlying gross and EBITDA margin expansion of 420bp and 380bp, respectively. With improving macro scenario and consumer
confidence should drive volume growth, valuations at 42.4x FY16E and 34.6x FY17E discounts the positives, in our view. Maintain Neutral with a
revised target price of INR860 (35x FY17E, three–year average
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The Arizona Department Of Corrections Rating System
For this assignment I will referencing the Arizona Department of Corrections rating system, and touching on the current evaluation process and
discussing options to improve on the process. I work in the department of corrections and the evaluation system currently implemented is the
managing, accountability, and performance (MAP). This system is far from perfect, and very susceptible to subjective evaluations. Most employees
do not agree with the evaluations they receive and for the most part this is due to the supervisors not putting in the required effort to properly
evaluate each employee. It is not uncommon for a supervisor to rate all of their subordinates exactly the same, regardless if one employee excels and
the other shows little to no interest. Supervisors often justify their vanilla evaluations by stating that the evaluations do not have any effect on your
employment, since pay raises are not based from the appraisal. As you can imagine this method does little to raise the moral of the motivated hard
working staff, and in my opinion needs to be revamped. I would prefer an evaluation based more on objective performance and behavioral
observations. An objective performance rating is based on the measuring of actual results from employees. Although the Department of Corrections
does not produce a product, or make sales that can be tracked, they are responsible for maintaining a safe and secure environment to protect the public,
fellow staff, and the inmates. These
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Aviation : The Cost Of Fuel High & Low
Aviation – The Cost of Fuel High & Low Aviation is an industry where the health of the global economy is directly tied to success and crucially,
profitability. On both a national and international level, the performance of airlines is often used as a barometer for the wider economic climate – this
is possible as the number of passengers, and their relative willingness to pay, from both business and leisure sectors, gives a direct insight into the
public's spending on luxury goods and international businesses need to travel. Perhaps this link is unsurprising however, as while the global economy
is often tested through the dollar price of a barrel of Brent crude oil, so too does this commodity dictate the price of aviation jet fuels – by far the
largest overhead facing commercial airlines. The benefits of almost a full year in falling oil prices – and with them the cost of fuel – have not yet
necessarily been felt in the consumer market however. The Cost While the cost of fuel represents one of the biggest outlays within the aviation industry
– average fuel costs amount to some 29% of running costs (IATA, 2016)– one would expect to see savings made on the bottom lone by airlines passed
onto the consumer / passenger in the form of reduced fares. This however, has not proved the case across all carriers, indeed the place where savings
are most obvious to those looking to travel is almost exclusively within the low cost model operators such as Ryanair and EasyJet, while in
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Drop in Price of Crude Oil: Implication on the Nigerian...
DROP IN PRICE OF CRUDE OIL: IMPLICATION ON THE NIGERIAN ECONOMY
PAPER DELIVERED TO BOARD OF DIRECTORS OF GUINNESS NIGERIA PLC
Executive Summary
The volatility in the prices of crude oil in the international oil market which was triggered by factors within the global economy has impacted the
Nigeria economy to some degree with dire consequences for the implementation of the 2012 budget. Some of the factors which triggered the fall in oil
prices include a massive liquidation of net–long speculative positions, a deepening Euro–zone crisis as well as concerns over a weakening economic
outlook, steady rise in global crude stocks, weak US jobs data, and a slowdown in Chinese manufacturing activity.
Worries ... Show more content on Helpwriting.net ...
2012 |121.87 |9% | |
|Mar. 2012 |128 |15% | |
|Apr. 2012 |98.06 |–12% | |
|May. 2012 |87.8 |–21% | |
| | |
The Nigerian budget is predicated on an oil price of USD 72 per barrel and an exchange rate of N155 to USD1. The challenge therefore is that unless
the spiraling fall in the price of oil is arrested, it may throw spanners in the revenue projections as contained in the budget and make its implementation
unachievable.
Proshare Nigeria Limited explained that "While the 2012 budget set the oil revenue benchmark at $72/ barrel, with the country's Excess Crude
Account taking in whatever comes in over the benchmark, a fall in oil prices from the recent highs of over $120/ barrel to say $90/ barrel will imply a
loss of almost N1 billion in revenues for Nigeria and a diminution in
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Offshore Construction in Malaysia
Offshore Construction in Malaysia
Petroleum is essentially the most important commodity in the world today. In almost all form of transportation, oil or petrol, derived from crude
petroleum, is used to move people and the importance of petrol is seen with the establishment of offshore drilling structure fabricator and its the
supporting industries in Malaysia. As of today, there are 7 of such yards in Malaysia that is capable of fabricating offshore structure.
The world's pricing mechanism of petroleum is determined by OPEC (Organization of the Petroleum Exporting Countries) and is quantified by
barrels of crude oil. At peak, price of crude oil is USD147.27 per barrel in July 2008 following concern of an impending missile test by ... Show more
content on Helpwriting.net ...
Keppel FELS is among the first few fabricators in Singapore that has embraced new welding technology such as the use of high deposition submerged
arc welding consumables. The way this high deposition submerged arc welding consumables work is that it uses the very same machinery, very
same set of welding parameters, same operator skills and the characteristics of this consumables enables it to be welded much faster than other brand
of welding consumables of the same specification. A comparison report was done on the use of this high deposition wire against competitors generic
wire clearly shows that this high deposition wires saved the customer 135 minutes in welding a 0.95 meter length metal. (Michael, p.2). KFELS is
estimated to have 50 of such machines that are able to use this high deposition wires which translates to a saving of 6,750 minutes when welding a
0.95m length of metal. Suffice to say, from a time saving factor point of view, the offshore fabricators in Malaysia would lag behind in terms of time
taken to complete. As of today, no Malaysian fabricators have yet to incorporate these welding consumables in their project, although it's proven the
time saved when using these high deposition wires far outweigh the initial purchase cost of it.
Along with the time saving factor, fabrication yards in Batam Island are known to review their welding process from time to time and select the most
cost saving welding
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This section will provide the summary of the benchmarks...
This section will provide the summary of the benchmarks used in our performance evaluations. Also, the proposed main and sub functions for PaaS
evaluations will be presented. Lastly, the AHP and LSP methods will be introduced to statistically evaluate the different cloud computing platforms,
such as Cloud Foundry, Heroku, and OpenShift.
3.1. Benchmarks
There are several benchmarking concepts in the IT sector for decades. For computing power performance benchmarking, the Whetstone Benchmarking
algorithm have been used. It is adopted by sector leaders for several decades. Whetstone algorithm was originally based on floating operations, like
many of the other benchmarking algorithms, such as Linpack, LM suite, HPCC. However, in time, new ... Show more content on Helpwriting.net ...
In the second type, each query's scope was one hundred (100) records, and the connection, statement and result set are again released and created for
each of these queries. The single record queries represent database operations like transactions targeting single records in tables. The queries targeting
one hundred (100) records represent bulk operations like the jobs running at the end–of–day operations.
For main memory performance benchmarking, Stream benchmark algorithm is used. This algorithm measures the sustainable real world bandwidth
as real users faced, not the theoretical peak values. It is a widely known and applied algorithm in memory bandwidth performance tests [27]. The
Stream algorithm is also a synthetic benchmark which creates synthetic workloads, not the real world workloads. The benchmark measures the
bandwidth performance by four long vector / matrix operations, like "copy", "scale", "add", and "triad" (combination of other three). The algorithm
assigns one of the arrays to another in order to measure the "copy" operation time and bandwidth. For "scale" operation, it multiplies the elements of
an array by a scalar value. In "add" operation, it adds the elements of an array to the elements of another array and assigns the results to a third array.
"Triad" does the calculations of the three operations all together (copy, scale, and add). In our evaluations, we have used the average of the results for
these four
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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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Porter 's 5 Forces Analysis Essay
PORTER'S 5 FORCES ANALYSIS: Overall, we found this to be an unattractive industry due to the following factors:
Rivalry: The airline industry is filled with over 5000 airlines worldwide creating a considerable amount of competition. Initially, airlines would
compete based on price, however, airlines such as the United Arab Emirates have begun to add unique amenities such as showers and Wifi to attract
the wealthy, luxury seeking client. Moreover, despite Delta being one of the major airlines, there are over 100 airlines in the United States adding to
the competitive market and allowing more choice for customers. These factors ultimately make the airline industry unattractive, both currently and in
the future, as it is difficult to continue adding value that does not stem from price reductions.
Threat of New Entrants: Entering the airline industry has high–capital requirements and any new airline would need to develop customer trust before
becoming profitable. Therefore, the threat from start–up airlines is relatively low. However, private jet companies, as well as low–cost carriers, are
entering the market segment of Delta which contributes to this being an overall unattractive industry. As these new competitors solidify their position
in Delta's market segment, this industry will remain unappealing.
Bargaining Power of Consumers: With thousands of airlines worldwide, consumers have the option of choosing any airline based on price and comfort.
Generally, there is little
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China 's Largest Consumer Of Oil Companies ( Nocs )
Oil Overview: China is the world 's second–largest consumer of oil and the largest net importer of oil in 2014. China holds 24.4 billion barrels of
proven oil reserves, the highest in the Asia–Pacific region. China 's total oil and liquids production, the fourth largest in the world, has risen by about
54% over the past two decades and serves only its domestic market. Oil sector has long been under state direct and dominated by national oil
companies. The market is highly controlled by the government and oil price barely reveals the real costs of oil. Regulatory Reform: China 's national
oil companies (NOCs) wield significant influence in China 's oil sector. The main purpose of the regulatory reform in oil sector is to enhance... Show
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Sinopec, on the other hand, has traditionally focused on downstream activities, such as refining and distribution. It controls the oil fields south of the
Yellow River. In this way, the national monopoly in China's oil sector was established with the CNPC and Sinopec controlling all process from
extracting, refining, sale to trade. The government's main goal of the regrouping is to regulate previous disorder in the oil extracting industry and
eliminate oil smuggling issues. The regrouping is intended to improve the efficiency in oil sector by imposing more government oversight through the
two national companies. However, the regrouping barely achieved the government's initial goal. The two national companies benefit from high profits
because of monopoly power and government subsidy. Other local and private–owned oil company had little or no market share under the current
structure in oil sector. After China joined the WTO, it faced increasing pressure to open up its oil market. In 2006, the state department issued new
regulations regarding the markets for crude and refined oil. The state partially opened up the importation of crude oil and the domestic market for
refined oil. However, because the oil refining industry was highly monopolized by the two national oil companies, the opening up of oil market
actually benefited these two monopolies most. The local and private–owned oil company that were granted the rights to import crude oil had to ask the
two national oil
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Value Chain Analysis Of Chevron
Introduction
Chevron is one of the world's six "super major" oil companies; as of 2015, it ranked third in the Fortune Global 500 list of the world's largest
companies. (Rankingthebrands.com, 2015)
Chevron's Value
Chevron's gasoline rated Top Tier contains more detergent additive, which improves engine reliability. (Top Tier Gasoline, 2015)Techron, is a patented
additive developed by Chevron Products Company. Techron is proven to be effective at keeping both modern and older engines clean. The result is
maximum power, lower emissions and maximized fuel economy. Even microscopic amounts of engine deposits can adversely affect performance.
(TechronWorks, 2015)
With the introduction of Techron, Chevron gasolines became the first fuels designated... Show more content on Helpwriting.net ...
(Chevron Global Issues, 2015) Increasingly, innovation appears to be a vital path to efforts to develop such advantages (D.Dunlap–Hinkler, 2010).
Value Chain Analysis
Technology Development
Chevron has three technology companies that support their businesses. The work that these companies do is integrated across Chevron, ensuring a
strong alignment between the technologies we use and our business strategies. (Chevron Technology, 2015)
Inbound / Outbound Logistics
Toll designed, and is currently constructing, three state–of–the–art Landing Craft Tank (LCT) vessels to support Chevron's supply chain when
delivered. These larger–capacity vessels will be some of the safest and most efficient vessels in the industry. (Us, 2014)
Operations
Chevron developed the Operational Excellence Management System (OEMS). This is Chevron's comprehensive approach to managing process safety,
health and personal safety, the environment, reliability and efficiency to achieve world class performance.
It establishes expectations and requirements for their business units and guides leader behaviours to manage, prioritize and continuously improve our
efforts to protect people and the
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The Oil Sands Of Alberta
Alberta Oil Industry EC239 section C Instructor: Sharif Khan GROUP MEMBERS Jiayu Weng 133004040 Liang Zhang 114161410 Jingsong
Sun 114161870 Brent Bogdon 130177700 Thurairajah Thilakxshan 130937440 I.INTRODUCTION The Oil Sands of Alberta have been a scene
of controversy since the commercial production of oil began there in 1967. The Oil Sands are underground deposits made up of a mixture of sand,
water, clay, and bitumen (1). The oil extracted from these reserves in Alberta is an integral source of energy used by Canadians on a daily basis, from
transportation to heating. The oil sands are also a major host for jobs not only for the locals in Alberta, but also for all Canadians. Even with such
apparent benefits, there are many who... Show more content on Helpwriting.net ...
Therefore with the growing need for energy in the global markets America decided to loosen trade policy regulations and export crude oil. America
has been able to keep with Saudi Arabia's absurd production of crude oil, causing the price of crude oil to drop. This constant production of crude oil
has brought prices to fall below $40 USD, causing many energy firms in Alberta to make staff and budget cuts. The Alberta oil industry future is grim,
as many companies have already reduced spending plans and has predicted that they will be operating 57% less than 2014. This tremendous hit to the
Oil industry has caused tremors in all other aspects of the economy as the unemployment rate, "immigration" rate, and the real estate market worsens.
Alberta's economy is closely related to the oil industry, thus with the decline of crude oil prices the economy is in an unstable state. III.DATA
ANALYSIS Figure 3–1 Alberta's oil exports has been increased from about $17.1 billion to $76.2 billion and the proportion of oil exports in total
goods exports has also been increasing between 2004 and 2014. In other words, oil exports have become more and more important in Alberta's exports.
Figure 3–2 From 2014, the crude oil price has dropped in a sudden since the global economic downturn, oversupply of crude oil and the appearance of
new energy. Global economy fatigued, and thus the demand of crude oil was not strong,
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Oil Persuasive Essay
The world's oil reserve is destined to deplete and expected to peak in 2020 as it is decreasing in volume oil prices will go up, eventually leading to a
plateau of oil based production.PErhaps As oil goes 1 barrel will produce 5.8 million BTU, it takes 75 BTU to boil a cup of water. As a substitute for
oil I came to ethanol as a solution. if 1 barrel of oil produces 5.8 million BTU a barrel of ethanol will produce 3.5 million BTU. Ethanol could provide
roughly 2/3 of the world's energy. But $770,000,000,000 for 11 days of world operation plus the additional 1/3 of energy needed to fill the oil void
would cost much more than oil. Ethanol is $70 per barrel versus Oil is $40 per barrel. Is the extra cost worth the renewability? I don't believe... Show
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Its obvious non renewable resource that will not refill. Nearly everything in the modern world is made with oil in some way. If the reserves
deplete gas prices will go up and many people will go without heat and electricity or cars.You can argue that we have time before the reserves
deplete but maybe not enough to find a better solution for energy and save oil for things that require it unlike gas arger oil companies are lying
about the "vastness" of their fields as a business ploy to scare the competition away. We could make estimates like "only half of what the oil
companies present" but we wouldn't know because we can't measure. As citizens we cannot measure the volume of an oil reserve because that
information belongs to the oil company. The only time that information will be released is when the oil is all dried up and the banks and
companies have made their profits. The question is can we find a renewable resource to replace oil and find it by the billions of barrels. As it has been
researched by Peakoil.com the world goes through a billion barrels a day in less then 11 days. if that is correct the world will need to produce at least
33,180,000,000 barrels of this material per year if it has the same efficiency rate as
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The Price Of Gasoline Prices
In the last ten years, gasoline prices have been increasing in Canada. Consumer spending on gasoline holds a large amount of total household
expenditures. In 2009, the Consumer Price Index (CPI) calculated on average that Canadians spent about six percent of their total household budget
on gasoline (Statistics Canada, 2013). Therefore, gasoline prices changes on consumer price inflation. In order to make gasoline, crude oil and
refineries are required. When examined, gasoline and crude oil are two different commodities that can change through different market factors (Pump
Talk, 2008). As these factors take place, the costs are added towards the price of gasoline. Even though Canada is a large net exporter of crude oil and
owns almost half... Show more content on Helpwriting.net ...
From different varieties and grades of crude oil, benchmarks are often used to set the prices. West Texas Intermediate (WTI) and Brent are two crude
benchmarks that Canadian refiners often encounter. Brent is the leading global benchmark for crude oil prices because of its ability to ship to
practically any oil receiving marine terminal in the world (Statistics Canada, 2013). Any geopolitical events that can possibly affect the supply and
demand for crude oil will influence the price. As a result, crude oil prices in Canada are affected by foreign and domestic issues. For example, in
2005, Hurricane Katrina blocked oil production around the Southern Gulf Coast of the United States. As the supply decreased and the demand
remained the same, oil prices over a barrel increased in a short period of time. President Bush sent thirty million barrels from the Strategic Petroleum
Reserve (SPR) to bring the oil price down (Oil Price, 2009). Political problems in the Middle East have also caused many worries over the access of oil
supply this region produces. In 2008, oil prices went over one hundred and thirty six dollars a barrel due to global concerns of the wars happening in
Iraq and Afghanistan (Oil Price, 2009). The oil prices increased because buyers were afraid the oil was unable to be properly delivered. As these oil
prices rise, consumers cut back on driving to save money. This decreased demand, which also decreased the
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Different Equipment Used At Site Surveying And With That I...
In this Task I will explain the different equipment used in site surveying and with that I will produce a report based on our task we carried out where
we transferred a level from a known benchmark to a temporary benchmark. (TBM) This will include photos and evidence in regards to what we did
and how we recorded our results.
Before we started our task we created a risk assessment which includes different risks and their solutions with their risk factor too, before and after.
(The risk assessment is on the next page)
An Ordnance Bench mark is something which is found on bridges/roads and buildings. These are now available all over UK as to when, "The
Ordnance survey datum was created around 1920. It is now located in Newlyn (Cornwall)" ( ... Show more content on Helpwriting.net ...
Slips, trips and fallsStudents and staffLowAll personnel to wear safety footwear and Hi Visible and hard hats (Supplied by BB Col)Low
Road safety issuesCollisions Students and staffLowStaff to ensure that all students are notified of road safety issues.Low
WeatherSlip/Wet conditionsStudents and staffLowMake sure correct clothing is worn and arrangements have been made to solve wet conditions.
Or check the BBC weather if planning for next few days.Low
ViolenceStaff and Students may suffer stress and/ or physical injuries from aggressive customers Students, Staff and the general publicMediumStaff
adheres to legal requirement. Staff to train students how to be good, use polite behaviour and how to avoid
Confrontation following violence policy when to call police. Low
FireIf trapped somehow anyone could suffer from smoke
Inhalation/burns.
Or this
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Demand And Supply Of Oil Prices
The sporadic nature of oil prices has over the years posed as a great deal of concern to economists, investors, financiers, consumers, analysts and other
relevant stakeholders. In a perfect market, the price of a commodity is an indication of the present circumstances as well as future signals that could
impact demand and supply. Ordinarily, we expect prices of commodities to move in response to changes that affect demand and supply at a relatively
'normal' rate. When prices change drastically within a short period and consistently over time, then such market is fraught with high volatility – a
typical case of the crude oil market. A sudden increase in oil price becomes a concern for the consumer as it results into a reduction in his purchasing
power; thereby struggling with allocation of income among competing demands. For an investor, high price volatility increases risk associated with the
investment and also creates uncertainties. High volatility will impact the macroeconomic variables in an economy including but not limited to
unemployment, inflation, consumption, investment and industrial output (Ebrahim, Inderwildi et al. 2014a). This paper seeks to evaluate oil price
volatility by examining the trend of oil price from 1970 to 2013. Attempts will be made to explain the causes and root factors influencing price
changes. Finally, a view on whether oil price volatility is inevitable will be established. Annual U.S. Imported Crude Oil Prices Nominal vs.
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The Economy Of The Oil Industry
Over the last years, the oil industry practiced its deepest recession since 1990s. That being said, the recovery for this industry finally starts getting
better. The Organization of the Petroleum Exporting Countries approved to change the production last year, 2016. This arrangement has been
holding over to this year, with oil prices increasing for the past several months. But in recent weeks, United States records have been found greater oil
prices have been faded. Experts think it will be years before oil returns $100 a barrel, a price that was regular till late 2014. But after the oil price
recovered from below $30 in early 2016 to over $50 by the end of the year, there was increasing certainty in the industry that crude oil could rise...
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This is why prices began to decrease. In December 2014 the price went down to $55.48 per barrel. At that point, many people projected that Saudi
Arabia and other oil producers will cut back on their own production to changes prices, as they had in the past. Of course that didn 't happen. Saudi
Arabia decided to increase production in order to keep its market share, hoping that the decrease in oil prices would crush US oil industries, who
require higher prices to stay gainful. And that 's when things got really interesting. Ever since Saudi Arabia 's decision to maintain output in late
2014, prices have kept dropping and reducing. This happened because supply continued strong and demand became weaker than estimated. This
shows that US drillers turned out to be far more adaptable to low oil prices than the Saudis thought. As firms cut costs and increased productivity "in
order to keep the oil flowing". (Oil Prices: What to Make of the Volatility.) In the meantime, major developing economies like China, Russia, and
Brazil put a discouragement on the oil industry. An unusually mild winter helped overpower demand for heating oil, and also a stronger dollar means
that some countries now have to pay more for crude imports. Car owners in places like the United States, Europe, and Japan are paying less for
gasoline, which means they have more money to spend on other things than gas. This is why oil businesses here in the United
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The Price Of Crude Oil Essay
Abstract
The price of crude oil has experienced a sharp decline since June, 2015. The stunning fall in oil prices has been one of the most important global
macro–economic developments of the past 20 months. There are numerous factors that have contributed to the oil price crash and the downturn of the
oil and gas industry. These factors would further be discussed in this paper . Causes of Oil Price Crash in Recent Times
The oil industry is full of economic booms and busts. Recently, the industry is in a downturn and the price of crude oil has dropped significantly. In
recent times, the price of oil has dropped by more than 40% since June 2015. This crash came after nearly five years of stability and the economies
hardly hit by this downturn are oil–exporting countries such as Russia, Nigeria, Iran and Venezuela. In the past one year and a half, oil prices have
been cut in half and oil executives have predicted it will be years before oil prices return to $100 per barrel. The major causes of the downturn are the
declining prices of a barrel of oil, which is as a result of the strong U.S. dollar, oversupply,OPEC and declining demand.
The oil price is partly determined by actual supply and demand and partly by expectation. Demand for energy is closely related to economic activity.
Supply can be affected by weather and by geopolitical upsets. Recently, demand for energy is low because of weak economic activity, inctreased
efficiency, and a growing switch away from oil to
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The Interaction Between Crude Oil And China 's Gdp
Final thesis The Interaction between the Crude Oil Price and China's GDP Pinpin Lyu B00648666 06/04/2015 Assignment 10 Prepare for Honours
Thesis, Econ 4200 Style: Content: ____________________________ TOTAL: Abstract This paper analyzes the interaction between the crude oil
price and real GDP per capita in China. I find that both the crude oil price and the real GDP per capita in China have overall rising trend from 1980
to 2014. I use granger causality test to study the causal relationship of the two variables. The results show that here is not a clear interaction... Show
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At the same time, fluctuation of the crude oil price has put pressure on the price level and economic growth in China. In this research I ask: "What is
the interaction between crude oil price and China's economy?" A considerable amount of economic literature have analyzed the impact of oil price on
the GDP in developed countries. Such as Jimenez and Sanchez (2004) have studied links between oil price and macro–economy in several industrial
OECD countries. They found that oil price fluctuations have considerable effects on economic activities. We do not know the interaction between the
crude oil price and economy in China. China is interesting in this content because it has large population which affects the demand for crude oil.
Also, China's GDP is growing rapidly, and the dependence on imported oil have increased in China, but only a few studies have focused on China. In
Ghalayini's study, by investigating the relationship between oil price and economic growth, the researcher found that as economic growth increases
the demand for oil increases which pushes up the oil prices. While the increase in GDP growth and economic activity have led to an increase in the
energy demand, a feedback relationship exists which can mitigate this effect (Ghalayini, 2011). In this research, I will use granger causality test and
regression models to study interaction between the crude oil price and GDP in China. There are several alternative approaches,
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Effect of Rising Oil Prices on Indian Economy
A rise in global oil prices by $ 10 per barrel would reduce India's economic growth by 0.2 percentage points and also affect the country's current
account deficit, Goldman Sach said.
"A VAR (value–at–risk) analysis suggests that a $ 10 increase in oil would reduce GDP growth by 0.2 percentage point," Goldman Sachs said in its
latest edition of 'Asia Economics Analyst'.
India on Monday voiced serious concern over the rising crude oil prices, which have touched a two–year high, and said it could badly affect global
economic growth and even give rise to inflationary pressures.
"The current oil prices will spur global inflation and retard economic growth. India feels that this is the concern that needs to be addressed on priority,"
Minister ... Show more content on Helpwriting.net ...
In this background, I found it reassuring to come across opinions from two unrelated quarters questioning the connection.
CONFIDENT ASSERTION
There is first the confident assertion of the Chairman and Managing Director of Indian Oil Corporation (IOC), Mr R. S. Butola, that the impact of
higher crude prices need not always be severe, and can, in fact, be circumvented by means of some ingenious countervailing measures.
The IOC seems to have achieved this by carrying out crash modernisation and upgradation of plants and shifting the dominant part of its business plan
to petrochemicals.
For instance, by using modern processes, IOC has been able to convert many black products into high–value fuel such as LPG and petrol, significantly
raising the company's distillate yield from 71.5 per cent in 2004–05 to 75.4 per cent in 2010–11, and thereby extracting more high–value products from
every barrel of crude.
A recent IMF working paper (No.11/194) "Oil shocks in a global perspective: Are they really that bad?" is a scholarly exposition downplaying the
gloomy prognostications associated with surging oil prices. The importance of the paper is that it almost exclusively focuses on the economies of
developing countries.
It goes into the relationship between oil prices and macroeconomic fundamentals, including economic output and value and volume of international
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Benchmarking Rationale Of Bluestem Brands
Benchmarking Rationale Bluestem Brands is an ecommerce company that is headquartered in Eden Prairie, Minnesota. It was founded in 2002
after it acquired the then bankrupt Fingerhut.com. Today it is the parent brand to three major retail brands: Fingerhut.com, Gettington.com and
Paycheck Direct. They are also in the process of acquiring a fourth brand called Orchard Brands, and that acquisition will be completed by the end
of 2015. Bluestems Brands provide customers with a variety of items for sale across several different categories, such as electronics, clothing,
home and garden, tools, among others. Additionally, they offer credit to customers with low or no credit ratings in order for them to increase sales,
and they purposely keep payments low in order to keep the number of people defaulting on their credit obligations as minimal as possible. They
service all three of their brands from three distribution centers which are located in Minnesota, Indiana and Nevada, and via call centers across the
globe. Bluestem is a quickly growing ecommerce company, with 2014 being their fourth year in a row of double digit growth. With that being said
they are still a smaller company as their total sales is only one billion dollars annually. Because of this, they have a lot that they could learn from larger
more established ecommerce companies such as Amazon.com and Walmart.com Bluestems rapid sales has led to a rapid expansion in the amount of
personnel employed, systems deployed, and
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Fastcat Benchmarking Job
Benchmarking jobs was a critical step in developing grades and ranges. Some of the job descriptions in the survey data did not clearly relate to the
jobs in FastCat, which caused us to avoid those particular survey jobs. Due to these discrepancies among the job descriptions, we decided to evaluate
the descriptions that most clearly matched the FastCat jobs. For example, in the Business and Marketing pay structure, the Administrative Aide
requires very basic qualifications, such as a high school diploma and competencies in basic skills, such as word processing and simple administrative
tasks. We felt that this most closely identified with the Office Support 1 position because its description involved simple word processing tasks as well
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We looked at organizations that were similar to ours. Factors that we included are the size of the organization, the type of work done in the company,
their profitability, and their percentage of base pay to total compensation. We chose organizations that were either small or medium sized that ideally
were software companies. Large companies were also selected, as practically we are still competing with large companies for similar positions, and the
market continues to expand in such a way that many smaller companies are merging to large–size. We also looked at the profitability of the
organization. FastCat's ROA value is 0.24. We chose to look at organizations that were either of the same level or higher, up to a value of around 5.
Choosing all of these particular factors allowed us to benchmark against organizations that are likely in a similar financial situation as FastCat, making
them appropriate organizations with which to
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The Value Of The Airline
3.2 Hedging Add Value The airline must benefit from hedging due to the mitigation of finance risk, reduction agency problems of information
asymmetry in this section we show the important relation between Aircraft Company and hedging of fuel price and operating cost due add value. The
hedging is associated with a lower cost of crude oil, operating cost comprehensive set of controls and finance specifications. Hedging initiating firms of
airline experience a drop in the cost while suspension firms sustain a jump. We perform an extensive set of robustness tests to address the possible
issue of endogeneity, competitive. We further show that hedging leads to a drop in the cost of debt by reducing higher oil price risk and the level of...
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Hedging also reduces information asymmetries between the firm and its stakeholders, facilitating contracting. For example, demonstrate that managing
risk can reduce noise, thus helping outside investors to better identify skilled managers. All these arguments imply that risk management can add airline
firm value (Karl and Henri, 2011).
3.2.2 Airline Industry and Economic Aircraft companies are derived strongly from the airline production function, like the situation at ticket
prices, operators cost and some elements variables specification such as satisfy of passengers and situation in the market competitive. The large
endogeneity and careless variable case could have an effect on our estimates of oil price coefficients .The chain may have to be side to costs
higher at the time of high oil prices. instead that, it might be the case that when firm's product market positions are stronger they are better able to
enact flexibilities to deal with high oil prices, leading to reduced costs for example in fixed the category of the data base, the period business a swing
fuel prices might face to be wide at the same time as airlines' capacity is tired with investors (Paul and Chi Zhang, 2014). Hedged fuel cost is boosted
in fuel price and concave. Hedged fuel cost is rising in jet fuel price, but less credible concave,
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Analysis Of Southwest Airlines Co.
Introduction Southwest Airlines Co. was established in 1967 when it was started with only three Boeing 737 aircraft that serve three largest Texas
cities namely Dallas, Houston and San Antonio. In 1989, Southwest Airlines became a major airline when it surpassed the billion dollar revenue
mark. Each year, millions of people fly with Southwest Airlines making them the nation's largest carrier of domestic passengers. With 43 years of
exceptional service Southwest Airlines continues to expand and serve 93 destinations in 40 states with more than 3,600 flights a day. This year
Southwest launched their international flight service to five nearby countries by Air Tran Airways, a wholly owned subsidiary which was acquired in
May 2011. LUV is... Show more content on Helpwriting.net ...
(Fortune) Southwest remains the only airline in the country that offers free checked–in bags, free in–flight Wi–Fi with gate–to–gate connectivity,
open–seating policy, and now their newest free Beats Music. Many people are curious on why Southwest does not charge for checked in bags.
According to Southwest CEO Gary Kelly, "....if it would start charging for baggage, it will lose more revenue than it will gain because that will result
in losing customers". (Benzinga) Its definitely true that by maintaining their brand value as affordable airlines which clearly identifies them as distinct
to their competitors. This low–cost and bag fly free strategy are very effective in terms of profit and customer satisfaction. Most passengers will able to
travel by air often because of price affordability. So far, Southwest Airlines is continuously improving and has been consistent and successful in the
economy. Even though Southwest Airlines have been through many economic downturns, how can they remain stable in the economy? In my opinion,
the key element of Southwest Airlines' success is the utilization of economic indicators, the leading, coincident and lagging economic indexes which is
valuable to help them understand the performance if the company will be on peak or trough in the business cycle. Transportation Service Index and
EIA Crude Oil Prices are two specific indicators I chose because I believe when Southwest utilize these two economic data then it will
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Objectives And Objectives Of An Auditor Of Petrol One...
Initial audit acceptance and planning: Auditing is the accumulation and evaluation of evidence about information to determine and report on the degree
of correspondence between the information and established criteria (Pearson, 2014). The external auditors auditing client's accounting records are
qualified accountants who express true and fair vies as to whether the financial statements are present in accordance with the relevant accounting
standards such as International financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP). We auditors are
accountable for the financial statements to be free from material misstatement, fraud or error. As auditors of Petrol One Resources Berhad, an Oil &
Gas industry service... Show more content on Helpwriting.net ...
Company History: Petrol One Resources Bhd (PORB) (Company No. 333769–X) is a public listed company (Stock code: 7027) on the main markets
of Bursa Malaysia classified under the practice note (PN) 17 list (PETONE, 7027). It was previously known as Changhuat Corporation Bhd
incorporated in 1995 as an investment holding and provision of management services to the subsidiaries. In 2011 January it transformed its core
direction into the Oil & Gas industry where storage and bunkering company taking advantage especially in the southern Malaysian region of Johor.
Principal Activities: The principal activities of the company are providing shipping and forwarding, floating storage and off–loading, offshore support,
bunker and ship management services. They formed partnership with Solid Aim Bhd for shipping and forwarding (Petron One Resource Berhad
Annual Report, 2014). Tanjung Pelepas and Pasir Gudang being the premier ports, will be the key growth areas in the future having a close proximity
with Singapore to serve both the nations in bunkering and floating storage. They also formed an alliance with Sigma Marine Synergy Bhd for ship
management agency
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Supply And Demand of Gasoline Essay
Supply and Demand: Gasoline
I am a husband and a father of four lovely children. We need a large vehicle to haul all of us around town. And of course I would do anything to
keep them safe and I always want to provide them with the best. Therefore, after the birth of our fourth child two and a half years ago, my wife and I
decided to upgrade our Ford Explorer to a Ford Expedition. We got everything from the side–curtain airbags to the TV and DVD player. What we did
not know was we also purchased a rather large unleaded gas bill. The first time we filled the tank it cost us roughly $35; today it costs us right
around $75 to fill the tank. Obviously the price of gas has increased significantly in the last two years. The price ... Show more content on
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Norway is the third largest exporter of crude oil. Three separate strikes over a five–month period severely influenced production. The supply of gasoline
to various regions of the United States also plays a significant role. The country is divided into five different regions: Gulf Coast, East Coast,
Midwest, Rocky Mountain, and West Coast. Some of these areas do not have enough refineries in their own region to support the consumption and
therefore need it brought in. For example, the West Coast has very limited pipeline connections from the other regions. It must rely on water
shipments and its small amount of refiners for its supply. If something should happen to the water shipments, i.e. a hurricane, tsunami, etc. it would
greatly effect the supply of gasoline. The demand of gasoline has increased steadily over the last twenty years. In 1981 the U.S. averaged 6.5
million barrels of gasoline consumption per day. By comparison, in 2004 the U.S. averaged 9.2 million barrels of gasoline consumption per day. For
most of this time period, gas prices stayed relatively the same. This is because the U.S. refineries increased their production to meet the demand and
maintain the equilibrium price. Also during this same time period worldwide demand for crude oil increased 27%. Crude oil producers also increased
their production to meet the demand keeping prices the same. The price of gasoline is affected by many
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The Risk And Uncertainty Of Halliburton
The Risk and Uncertainty of Halliburton When thinking of the energy industry, the great Halliburton always will come to mind. According to their
company history, Halliburton began in 1919 in Oklahoma as a small company mixing different elements for oil drilling ("History of Halliburton,"
n.d., para. 1 and 2). The company has since grown into a corporate giant, with revenues exceeding 18 billion dollars by the end of the third quarter in
2015 (Halliburton Company, p. 1), and currently runs two sectors: "the Completion and Production segment and the Drilling and Evaluation segment"
(Halliburton Company, p. 8). While known as an energy industry giant, Halliburton is also known for war time profiteering. As reported by Young,
Halliburton ... Show more content on Helpwriting.net ...
13). Halliburton announced in 2014 a consolidation with Baker Hughes, another competitor in their industry (Halliburton And Baker Hughes Reach
Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion. p. 1). With this consolidation, Halliburton will acquire all assets of
Baker Hughes, along with the future subsidiary's debts. With the uncertainty of the lifetime of the oil industry, and currently facing a significant loss,
Halliburton is taking a serious risk facing such a large amount of debt and acquiring Baker Hughes.
Discussion
Background Bloomberg reports that Halliburton controls 6.40% of the market share for the "oil and gas services" industry while it's two biggest
competitors, Schlumberger and Baker Hughes, control 10.00% and 4.90% respectively ("Bloomberg Industry Market Leaders"). It is evident that the
anticipated consolidation is the two companies' attempt to dethrone Schlumberger as the company with the largest market share, or at the very least,
gain a large portion of the market. Baker Hughes, a company serving the same customer base as Halliburton, has accrued in 2015 revenues nearing
$8.56 billion, expenses of $9.48 billion, facing future liabilities of over $3.9 billion, and a total net loss nearing $800 million ("Baker Hughes
Incorporated", p. 2, 4). Trefis Team, a Forbes contributor, reports that this consolidation will cost Halliburton $35 billion of stock and cash dividends
and if the consolidation does not occur,
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Brent Crude Oil Essay
Overview Of 'Brent' Crude Oil: The 'Brent' blend of crude oil is the most common form of crude oil used worldwide, with roughly two–thirds of all
crude contracts around the world referencing the Brent blend (reference). 'Brent' oil is drawn from more than a dozen oil fields spanning across
the North Sea off the coast of the UK and Norway. This particular type of crude oil is also considered to be light and sweet (therefore low sulfate),
making it ideal for refiners to make gasoline and diesel fuel (). Although the 'Brent' is destined for European markets, it forms more than half of the
worlds globally traded supply of crude oil. 1.1 Historical And Current Trends In 'Brent' Crude Oil Prices: 1.1.1 Long Run Trends:... Show more content
on Helpwriting.net ...
During this period, the price of 'Brent' crude oil (like WTI) reached an all time high in July of 145.61 USD/BBL in response to strong economic
conditions prior to the Global Financial Crisis hitting in early 2009. The price of 'Brent' crude oil also similarly bottomed out in 1970, with a record
low of 2.23 USD/BBL and following the GFC, prices sharply fell, with prices at 62.04 USD/BBL as of April 2015. Over the 45–year period,
significant events such as the GFC, the Iran/Iraq war, the Iranian revolution and various OPEC cuts (as shown in graph 1) has caused the price of
'Brent' crude oil and crude oil as a whole to historically be fairly volatile and as such, these various political and economy–wide factors provide an
explanation for volatility in prices over the past 45 years. 1.1.2 Recent Trends And Current Prices: The price of North Sea 'Brent' crude oil is
sitting at roughly $62 per barrel, with this figure fluctuating around the sport price of $60 per barrel. During the month of April 2015, prices have
roughly swung between $65 per barrel and a low of $60 per barrel, as shown in the figure below: Graph 3: (Reference) Overall, prices of the 'Brent'
blend have fallen over the past 12 months, with a 52–week range of 47. 68 – 115.71 and a 1–year return of –43.61% indicating the sharp decline in the
price of 'Brent' crude oil from a peak of $112.36 on 01/06/2014 (reference). Although prices of the 'Brent'
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The World Every Day ( Exxon )
the world every day ("Exxon"). Part of its expansion strategy involves integrating its different operating divisions. For example, over 90% of its
chemical capacity is integrated with its natural gas and refining operations. This allows for cross–utilization of resources, ultimately boosting efficiency
and reducing costs. Technology is at the forefront of ExxonMobil's strategy. Newer technology allows for more environmentally conscious and efficient
operations, which can save the firm time and money, while reducing its effect on the environment ("Exxon").
ExxonMobil has several large competitors in this sector, such as Chevron Corp., Royal Dutch Shell, and BP. Chevron is the second largest oil
company in the United States, and is often compared side by side with Exxon when performance is being analyzed. Royal Dutch Shell is an enormous
oil and gas producer, owning the largest retail fuel network in the world. British Petroleum is headquartered in London, and is also one of the largest
oil producers in the world, having a large presence in the United States ("Edwards"). All of these companies compete in the exploration, production, and
transportation of oil and its products around the world.
The main contributing factor determining how well ExxonMobil and its competitors perform is the price of crude oil. The suspected slowdown in the
Chinese economy was the demand–side reason for the decline in oil prices. China is one of the largest consumers of oil in the world, so any
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Case Study Of Sinopec Group
Investment summary We are maintaining a Neutral recommendation on Sinopec Group. This valuation is supported by numerous merits, as outlined
below, as well as concerns taken into consideration: Well management use of technology platform In this few years, the Sinopec Group go along with
the development strategy of "resources, market, integration and globalization", the principle of "six unifications" (unified planning, unified standard,
unified design, unified investment, unified construction and unified management), yet the policy of "combining building and utilization with focus
going to utilization". The Group had heavily investing in innovative technology platforms by strenuously pushed IT application with ERP at its core.
These platforms have brought a lot of benefits to the company by allowing the company increasing efficiency, reducing corporate cost, and raising the
corporate core competitiveness. With the continuous deepened IT application within Sinopec, the application of the system in the production and
business operation achieved good economic returns in optimizing structure, supervising the oil price, adjusting the stock, reducing tanker demurrage,
optimizing the transportation, and increasing the total output. In short, Sinopec invest in innovative technology platforms which return a numerous
benefits to the company. Sinopec gains benefits from government policy As a... Show more content on Helpwriting.net ...
The company internal management policies are geared toward on teamwork, risk prevention and promoting innovation. The company business
philosophy is established on trustworthiness and integrity. Sinopec give a high priority to the well performed employees to enhance loyalty, cohesion
and promote the sustainable development of the companies and business. Business risk that negatively affected by the fluctuation of refined oil and
crude oil product
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The Keystone Xl ( Kxl ) Pipeline
In the October of 2015, oil prices have dropped to their lowest since 2008 and Canada has lost over 35,000 jobs, and the value of the loonie has
dropped to a mere 77 cents compared to the U.S. Dollar. As Canada desperately clings onto the failing economy, it turns its attention to The Keystone
Pipelines. The Keystone XL (KXL) pipeline was an idea proposed in 2008 by the TransCanada energy company, to deliver 830,000 barrels of oil each
day beginning in Hardisty, Alberta, and extending south to Steele City, Nebraska. TransCanada claims to bring more jobs, energy security, and benefit
to the Canadian and American economy. Yet, President Obama denied the proposal in 2015. Although it was a huge disappointment to Canada, the
decision to deny permission for further construction of the pipeline was the right one. The future of Canada's economy should not rely on the Keystone
XL pipeline, because the devastating environmental risks, the instability of the oil industry, and Canada's ability to expand other industries.
The main reason President Obama rejected the proposal of Keystone XL was due to environment concerns. As quoted from Salon News "President
Obama's decision to deny permission for construction of the Keystone Pipeline may turn out to be a momentous event in the history of our efforts to
protect our planet from environmental disaster." The construction and use of Keystone XL will greatly risk the environment, and because of this, it
should not be built, and Canada
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Chin The Largest Economy
At present, China is the largest economy in the world, overtaking the US in January 2015. It is also the world's second largest oil consumer behind
the US (Chen 2015) and the world's largest net importer of crude oil (Dunn 2014). Its net importer status was driven by steady economic growth, with
rapidly rising Chinese petroleum demand outpacing production growth (EIA 2014). China is also the fourth largest oil producing country in the world
(Refer to Appendix ___).
The growth in the developing nation's economy over the past 3 decades was heavily dependent on its low cost advantage compared to those of other
countries. During this period of growth, foreign companies flocked to China to set up production facilities and factories to capitalize on this cost
advantage. Raw materials are shipped to China, where factory workers build the final products and export them out to various countries (Wassener
2014).
However, recently, china's economy has experienced a significant slowdown due to the shift in growth of the nation to rely more on private enterprise
and domestic consumption. This shift in economy reduces its demand for industrial raw materials for manufacturing, which translates to a decrease in
demand of oil for use in production plants. A survey of China 's industrial heartland identified decreases in key areas of new orders, export orders and
output prices (Letts 2015). Furthermore, being the world's second largest consumer of oil, this move that China makes will have
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Organizational Management
Chapter 8 Job Evaluation
1. What is meant by internal equity? What is the relationship between internal equity and job evaluation?
"Internal equity is a situation that results when people feel that performance fairly determines the pay for each individual with a certain job or that
relative difficulty results in appropriate differences in pay rates between jobs. Worker dissatisfaction may arise when internal equity principles aren't
met.Internal equity studies analyze the nature of a particular position including: 1.Skill2.Effort and 3.Responsibility" (web).
2. What is a benchmark or key job? Why are these kinds of jobs so critical in various job evaluation methodologies?
Bench mark jobs are highly visible jobs that common ... Show more content on Helpwriting.net ...
When using pure market pricing method, organizations allow the market to dictate the pay of the job and relative worth
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Fluctuating Fuel Prices
Shane Kearns
Bellevue University
Business Communication
5/29/13
This paper will dicuss the rising prices on fuel over the past few years. It will involve the trucking industry and explain how the rising of gas prices
has effected trucking company. Crude Oil prices have passing over one hundred dollars a barrel. This has effected many independent owners–operators.
This article will dicuss why some independent owners have decided that it is no longer profitable to drive a truck. Some owners have taking a different
approach with the rise of crude oil. The article will discuss how some owners have reduced horsepower in the engines of their trucks in order to
increase profit and have also choice to run day routes in smaller trucks. ... Show more content on Helpwriting.net ...
The rise of crude oil has also effected the sales of trucks. With comapnays no buying or spending as much on a truck has hurt the econonmy. High
desiel prices are a consequence of capitalism. As all fuel prices have been going up people are blaming the federal govenerment. They believe the
president has influence of derterming the outcomes of tensions betwwen Israel and Iran. Some people blame incrased prices based on fears around
the world. It all comes down to one thing to blame, capitalism. Calitalism can be great to an economic system because of its emphasis on efficienc and
inbradible success rate at allowing those who control the means of production and resources to meet the demands of those with purchasing power.
Capitalism is constantly evolveing and will impact the gap between current and future goals on oil prices.
The top five Oil and Gas companies are: Saudi Aramco, Gazprom, National Iranian Oil Company, ExxonMobil and PetroChina. These company
work together by using some sort of scare tatic in order to raise fuel prices. Take ExxonMobil for example, these companys have combinded forces in
the United to States. These companies tell the American people gas prices went up due to the fact that there oil refineories are under maintaince. As a
result gas price increase Where as in the 1990's when these were two serpeate companies they had to compete with each other and prices were much
lower. The growth in capitalism has
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The Impact Of Crude Oil On The Uk Economy
THE IMPACT OF CRUDE OIL PRICES SHOCKS ON THE UK ECONOMY. INTRODUCTION:
This paper will observe the relationship between UK economic indicators and global commodity prices. The paper will be divided into seven parts.
Part one will be the introduction, part 2 will be the literature review, part 3 will be econometric models and methodology, part 4 will be data summary,
part 5 will be results and analysis, part 6 issues/extensions of the econometrics modelling, part 7 will be the conclusion and the references.
The process rate of UK's per capital GDP has been reasonably inspiring since year 2000, from a normal rate of $28.1 thousand to $ 44 thousand in 2015
(Sources from World Bank Database from the UK) the inspiring figure come from the ... Show more content on Helpwriting.net ...
The dramatic decline in the oil price since 2014 has a significant impact on the global economy. (JimГ©nez–RodrГguez, 2015). How does such and
unexpected price decline in the oil price shock has impact the UK economy, precisely and which of the industry sectors where emerge as the
beneficiary or the loser from the decline of the oil price, whether the change in the oil price has affected the UK government income and their balance
sheet. In order to response to those questions, I use the computable general Eviews. to ananlyze the effects of price changes on the oil price on the UK
economy.
LITERATURE REVIEW:
OIL PRICE SHOCKS AND REAL GDP GROWTH EMPIRICAL EVIDENCE FOR UK
A group of researchers show that oil price fluctuation have significant impact on the economic activity. The significant are expected different from oil
importing and exporting countries. (Soytas, Sari, Hammoudeh, & Hacihasanoglu, 2009). However, those countries exporting oil an increase in the oil
price considered good news to them. When the price of oil increase the exporting, countries gain more money, but for importing countries when the oil
price decreases, it's going to have an impact on their real economy especial when the country relies on the oil as one of their main source of income.
The monetary transmission mechanism which has the control on the interest rate which the oil price have has an impact on
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Art Integration Case Study Essay
Research Problem
Schools and educators are beginning to understand the value of inclusion of art education in K–12 curriculum more and more each year. So much so,
that many states are adopting common core standards and hiring highly qualify teachers to teach in the subject area of visual arts. "Research over the
past decade reveals areas where effective arts education strategies, especially arts integration techniques, have yielded practical and impressive results,"
(Education Digest, 2011). Part of what is driving this initiative is the understanding that some students learn most effectively through the arts
(Robinson, 2013). Recent research reflects that art integration correlates with low–performing learners by increasing test scores. Studies conducted in
North Carolina and Oklahoma with art integration programs tracked consistent gains in student achievement as compared with state and district
averages ... Show more content on Helpwriting.net ...
Each group will be introduced to a bridge study unit. Teachers will cover academic material of different bridge structures in relation to U.S. common
core standard requirements for social studies, science, and math. Students in Group B will be asked to select a bridge discussed in the unit. Then,
they are asked to draw a blueprint for a bridge of their own inspired by the bridge they selected. Once their blueprint is complete, at a later date they
are asked to construct a bridge from their blueprint with various materials that the teacher will supply. During each part of this assignment students are
reminded to use/include the math and science concepts that were taught in the bridge unit. Bridge blueprints and constructions done by Group B will
be presented to the class for evaluation and a benchmark test will also be dispensed to all students in Group A and Group B to collect data for
... Get more on HelpWriting.net ...
Advantages and Disadvantages of Currently Available...
Introduction
One can also easily see that no other component follows this growth rate.
Memory, RAM and storage are getting cheaper. However, what is not happening is that the performance of the access time and decrease resp.
increasing at an exponential pace. Considering the technology of magnetic disk specifically we see that disk density has been improving by about
50% per year, almost quadrupling in three years. Access time has only improved by one–third in 10 years.
Super fast processors and huge memories have to be 'fed' and a system is only as fast as it's slowest component, currently the disk.
In our analysis we shall consider the advantages and disadvantages of currently available technologies and their impact on system ... Show more content
on Helpwriting.net ...
ThreadMark). Each have their strength and weaknesses, and it often works well to run both types.
Real–world benchmarks may be as simple as timing how long it takes to copy a file, or they may involve executing complex scripts that perform
functions in many different applications. The main advantage of these benchmarks is they measure performance using real applications. this same
advantage can also be a limitation, since the performance of one component may be artificially limited by another. For example, we may be interested
in disk performance, but a slow video accelerator will slow down a benchmark that has a high proportion of video content. This in turn could affect the
workload presented to the disk drives.
Why Benchmark results may not be what we expect
пЂ Mechanical Latencies
The single largest contributor to low performance is the disk drive mechanical overhead. The mechanical overhead consists of drive head seeks and
rotational latencies. Rotational latency is the time it takes for a sector on the disk media to rotate to the point under the read/write head. It is inversely
proportional to the rotational speed of the disk : the faster the disk spins, the shorter the rotational latency.
пЂ Software and Firmware Overheads
Software overhead is the time it takes for commands to be passed through the operating system and software drivers. Firmware overhead relates to the
time it takes for the host adapter and disk drive to process
... Get more on HelpWriting.net ...

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Benchmark Paper

  • 1. Benchmark Paper Understanding the Basic for Battery Benchmark Benchmarking android phone battery is not as simple as you may thought of. Depending upon the choice of chipset and number of cr–apps stuff. Your 2500 mAh battery result different that other device with same reading. Specially, when you're hunting an android smartphone on internet just make sure your expectation with different chipset will be different. Just for your Knowledge A MediaTek chipset use same CPU for different usage like for WiFi, providing display signal, capturing photos, etc. A Snapdragon on the other hand balance performance with separate adapters. Say, display deals with separate display adapter and camera with camera adapter. In short, Snapdragon will take less load on CPU... Show more content on Helpwriting.net ... Let it discharge Understanding the Battery Torture Test We first played a couple of movies in order to run multiple test at once. While watching movie we have put Display Adapter, CPU, Speaker at run. In modern chipset we have different display adapter to process display signal, say Snapdragon 410. Each and every component in motion are consuming battery while you watching the movie. So in this test we have put our phone to moderate stage in order to run our test. Memory extensive games takes much of your memory and use the moderate cores of CPU. Asphalt Airborne is our best choice here. In this test we consume battery for audio signals, display signals, CPU and heavy usage of memory. Oh and to play games like that we need to connected to either mobile data and connectivity. Which means extra load on battery. CPU extensive games use the hard cores of CPU, requires heavy memory too. It can not be smooth by putting memory on free. In this case we are sure to use display, audio and connectivity signals with the gaming cores and memory. Youtube test is one of my favorite. Sitback and enjoy your favorite Markiplier lets play or Cinemasins goof. This test uses connectivity signal, usage of speaker or analog signal for headphones, ... Get more on HelpWriting.net ...
  • 2. Case Study On Anadarko Petroleum Corporation Anadarko Petroleum Corporation Continued downturn in the oil and natural gas prices in the past year had significant impact on Anadarko Petroleum Corporation (NYSE: APC), with its shares losing over 63% of their market value. However, the recent uptick in the crude oil prices helped the company to recapture approximately 45% of the lost value for its shares. Although, its shares are down nearly 8% since year–to–date, but its influential steps of late should allow the company to stay competitive during this extended low oil prices and drive its growth in the long–term. These stepladders include increasing higher margin oil sales and volumes, further reduction in operating and capital costs, monetization of non–core asset sales, dividend cut and enhancing efficiencies across the operation. Let us have a look. ... Show more content on Helpwriting.net ... The most important part of this asset monetization is that it expects to realize about $1.3 billion in the first–half of 2016, as shown in the chart below. As observed in the chart above, this strong cash will not only allow the company to reduce its net debt but to make further investments in the higher margin oil fields such as Ghana and Algeria as stated above. Its net debt stood at $14.8 billion at the end of the fourth–quarter of 2015. Conclusion Anadarko Petroleum is successfully navigating in a volatile environment through its strategic steps that should allow the company to remain competitive going forward. In fact, its move such as increasing higher margin oil and sales will improve its top line performance, while steps like reducing well costs at already economical oil fields such as Delaware and DJ Basin will enable the company to display a better bottom line numbers in 2016. Thus, Anadarko remains a good oil stock in the long–run with the growth in the oil and natural gas ... Get more on HelpWriting.net ...
  • 3. Oil Prices And Stock Market Essay INTRODUCTION In this empirical project I will try to explain the relationship between the oil prices, gold prices and stock market in the United State using yearly time series data. Since the gold and oil prices are raising their influence on stock market is also increasing and we will see how fluctuations in oil prices and gold prices impact the stock market in the United States. So here oil prices and gold prices will be our explanatory variable and stock market index will be our explained variable. In this study we will use multiple regression analysis to explain the relationship. The data is collected from years 1961 to 2010 so the sample size is 50. The explanatory variable gold is in average us dollars per ounce and crude oil is in ... Show more content on Helpwriting.net ... Another reason is due to depreciation of the US dollar as it depreciates people want to spend more in gold to hedge against inflation so the prices of gold is increasing. The cost of country's economy is determined by oil prices so oil plays a vital role in the economy of the US. Generally high oil prices badly impacts the performance of the stock market and high oil prices means that people may considered to invest more in stock market. Hamilton (1993), Gisser and Goodwin (1988), and Daniel (1997) have shown that there is a strong relationship between the oil prices and stock markets. Several further have been done by Jones and Kaul (1996), Sadorsky (1999) and Faff and Brailsford (1999) in order to explain this relationship. Sadorsky (2003) used the vector correction model to verify the relationship between the oil and stock prices. Abken (1980) have shown that inflation influences the gold prices and proved that they have a positive correlation where as Mahdavi and Zhou (1997) found out that gold is no longer inflation protective asset. So there are several studies have been already done in this field which has helped us to better understand the relationship between the gold, oil and the ... Get more on HelpWriting.net ...
  • 4. What Is The Equity Analysis Of Asian Paints Asian Paints Equity Analysis Report | Sector: Consumer goods CMP: INR842.65 (14 January 2015) TP: INR860 (+2%)Neutral Asian Paints is India's largest paint company and Asia's third largest paint company, with a turnover of Rs 127.15 billion. The group has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity. Asian Paints operates in 17 countries and has 23 paint manufacturing facilities in the world servicing consumers in over 65 countries. Besides Asian Paints, the group operates around the world through its subsidiaries Berger International Limited, Apco Coatings, SCIB Paints and Taubmans. Valuation and View... Show more content on Helpwriting.net ... Moreover, decisive policy measures by the new business‐friendly government will spur urban demand. Diversification into water proofing, modular kitchens and bath fittings places the company in a sweet spot to corner higher wallet. Account for 3QFY15 miss, we estimate 30.5% EPS CAGR over FY15E–17E, with underlying gross and EBITDA margin expansion of 420bp and 380bp, respectively. With improving macro scenario and consumer confidence should drive volume growth, valuations at 42.4x FY16E and 34.6x FY17E discounts the positives, in our view. Maintain Neutral with a revised target price of INR860 (35x FY17E, three–year average ... Get more on HelpWriting.net ...
  • 5. The Arizona Department Of Corrections Rating System For this assignment I will referencing the Arizona Department of Corrections rating system, and touching on the current evaluation process and discussing options to improve on the process. I work in the department of corrections and the evaluation system currently implemented is the managing, accountability, and performance (MAP). This system is far from perfect, and very susceptible to subjective evaluations. Most employees do not agree with the evaluations they receive and for the most part this is due to the supervisors not putting in the required effort to properly evaluate each employee. It is not uncommon for a supervisor to rate all of their subordinates exactly the same, regardless if one employee excels and the other shows little to no interest. Supervisors often justify their vanilla evaluations by stating that the evaluations do not have any effect on your employment, since pay raises are not based from the appraisal. As you can imagine this method does little to raise the moral of the motivated hard working staff, and in my opinion needs to be revamped. I would prefer an evaluation based more on objective performance and behavioral observations. An objective performance rating is based on the measuring of actual results from employees. Although the Department of Corrections does not produce a product, or make sales that can be tracked, they are responsible for maintaining a safe and secure environment to protect the public, fellow staff, and the inmates. These ... Get more on HelpWriting.net ...
  • 6. Aviation : The Cost Of Fuel High & Low Aviation – The Cost of Fuel High & Low Aviation is an industry where the health of the global economy is directly tied to success and crucially, profitability. On both a national and international level, the performance of airlines is often used as a barometer for the wider economic climate – this is possible as the number of passengers, and their relative willingness to pay, from both business and leisure sectors, gives a direct insight into the public's spending on luxury goods and international businesses need to travel. Perhaps this link is unsurprising however, as while the global economy is often tested through the dollar price of a barrel of Brent crude oil, so too does this commodity dictate the price of aviation jet fuels – by far the largest overhead facing commercial airlines. The benefits of almost a full year in falling oil prices – and with them the cost of fuel – have not yet necessarily been felt in the consumer market however. The Cost While the cost of fuel represents one of the biggest outlays within the aviation industry – average fuel costs amount to some 29% of running costs (IATA, 2016)– one would expect to see savings made on the bottom lone by airlines passed onto the consumer / passenger in the form of reduced fares. This however, has not proved the case across all carriers, indeed the place where savings are most obvious to those looking to travel is almost exclusively within the low cost model operators such as Ryanair and EasyJet, while in ... Get more on HelpWriting.net ...
  • 7. Drop in Price of Crude Oil: Implication on the Nigerian... DROP IN PRICE OF CRUDE OIL: IMPLICATION ON THE NIGERIAN ECONOMY PAPER DELIVERED TO BOARD OF DIRECTORS OF GUINNESS NIGERIA PLC Executive Summary The volatility in the prices of crude oil in the international oil market which was triggered by factors within the global economy has impacted the Nigeria economy to some degree with dire consequences for the implementation of the 2012 budget. Some of the factors which triggered the fall in oil prices include a massive liquidation of net–long speculative positions, a deepening Euro–zone crisis as well as concerns over a weakening economic outlook, steady rise in global crude stocks, weak US jobs data, and a slowdown in Chinese manufacturing activity. Worries ... Show more content on Helpwriting.net ... 2012 |121.87 |9% | | |Mar. 2012 |128 |15% | | |Apr. 2012 |98.06 |–12% | | |May. 2012 |87.8 |–21% | | | | | The Nigerian budget is predicated on an oil price of USD 72 per barrel and an exchange rate of N155 to USD1. The challenge therefore is that unless the spiraling fall in the price of oil is arrested, it may throw spanners in the revenue projections as contained in the budget and make its implementation unachievable. Proshare Nigeria Limited explained that "While the 2012 budget set the oil revenue benchmark at $72/ barrel, with the country's Excess Crude Account taking in whatever comes in over the benchmark, a fall in oil prices from the recent highs of over $120/ barrel to say $90/ barrel will imply a loss of almost N1 billion in revenues for Nigeria and a diminution in ... Get more on HelpWriting.net ...
  • 8. Offshore Construction in Malaysia Offshore Construction in Malaysia Petroleum is essentially the most important commodity in the world today. In almost all form of transportation, oil or petrol, derived from crude petroleum, is used to move people and the importance of petrol is seen with the establishment of offshore drilling structure fabricator and its the supporting industries in Malaysia. As of today, there are 7 of such yards in Malaysia that is capable of fabricating offshore structure. The world's pricing mechanism of petroleum is determined by OPEC (Organization of the Petroleum Exporting Countries) and is quantified by barrels of crude oil. At peak, price of crude oil is USD147.27 per barrel in July 2008 following concern of an impending missile test by ... Show more content on Helpwriting.net ... Keppel FELS is among the first few fabricators in Singapore that has embraced new welding technology such as the use of high deposition submerged arc welding consumables. The way this high deposition submerged arc welding consumables work is that it uses the very same machinery, very same set of welding parameters, same operator skills and the characteristics of this consumables enables it to be welded much faster than other brand of welding consumables of the same specification. A comparison report was done on the use of this high deposition wire against competitors generic wire clearly shows that this high deposition wires saved the customer 135 minutes in welding a 0.95 meter length metal. (Michael, p.2). KFELS is estimated to have 50 of such machines that are able to use this high deposition wires which translates to a saving of 6,750 minutes when welding a 0.95m length of metal. Suffice to say, from a time saving factor point of view, the offshore fabricators in Malaysia would lag behind in terms of time taken to complete. As of today, no Malaysian fabricators have yet to incorporate these welding consumables in their project, although it's proven the time saved when using these high deposition wires far outweigh the initial purchase cost of it. Along with the time saving factor, fabrication yards in Batam Island are known to review their welding process from time to time and select the most cost saving welding ... Get more on HelpWriting.net ...
  • 9. This section will provide the summary of the benchmarks... This section will provide the summary of the benchmarks used in our performance evaluations. Also, the proposed main and sub functions for PaaS evaluations will be presented. Lastly, the AHP and LSP methods will be introduced to statistically evaluate the different cloud computing platforms, such as Cloud Foundry, Heroku, and OpenShift. 3.1. Benchmarks There are several benchmarking concepts in the IT sector for decades. For computing power performance benchmarking, the Whetstone Benchmarking algorithm have been used. It is adopted by sector leaders for several decades. Whetstone algorithm was originally based on floating operations, like many of the other benchmarking algorithms, such as Linpack, LM suite, HPCC. However, in time, new ... Show more content on Helpwriting.net ... In the second type, each query's scope was one hundred (100) records, and the connection, statement and result set are again released and created for each of these queries. The single record queries represent database operations like transactions targeting single records in tables. The queries targeting one hundred (100) records represent bulk operations like the jobs running at the end–of–day operations. For main memory performance benchmarking, Stream benchmark algorithm is used. This algorithm measures the sustainable real world bandwidth as real users faced, not the theoretical peak values. It is a widely known and applied algorithm in memory bandwidth performance tests [27]. The Stream algorithm is also a synthetic benchmark which creates synthetic workloads, not the real world workloads. The benchmark measures the bandwidth performance by four long vector / matrix operations, like "copy", "scale", "add", and "triad" (combination of other three). The algorithm assigns one of the arrays to another in order to measure the "copy" operation time and bandwidth. For "scale" operation, it multiplies the elements of an array by a scalar value. In "add" operation, it adds the elements of an array to the elements of another array and assigns the results to a third array. "Triad" does the calculations of the three operations all together (copy, scale, and add). In our evaluations, we have used the average of the results for these four ... Get more on HelpWriting.net ...
  • 10. 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 ...
  • 11. Porter 's 5 Forces Analysis Essay PORTER'S 5 FORCES ANALYSIS: Overall, we found this to be an unattractive industry due to the following factors: Rivalry: The airline industry is filled with over 5000 airlines worldwide creating a considerable amount of competition. Initially, airlines would compete based on price, however, airlines such as the United Arab Emirates have begun to add unique amenities such as showers and Wifi to attract the wealthy, luxury seeking client. Moreover, despite Delta being one of the major airlines, there are over 100 airlines in the United States adding to the competitive market and allowing more choice for customers. These factors ultimately make the airline industry unattractive, both currently and in the future, as it is difficult to continue adding value that does not stem from price reductions. Threat of New Entrants: Entering the airline industry has high–capital requirements and any new airline would need to develop customer trust before becoming profitable. Therefore, the threat from start–up airlines is relatively low. However, private jet companies, as well as low–cost carriers, are entering the market segment of Delta which contributes to this being an overall unattractive industry. As these new competitors solidify their position in Delta's market segment, this industry will remain unappealing. Bargaining Power of Consumers: With thousands of airlines worldwide, consumers have the option of choosing any airline based on price and comfort. Generally, there is little ... Get more on HelpWriting.net ...
  • 12. China 's Largest Consumer Of Oil Companies ( Nocs ) Oil Overview: China is the world 's second–largest consumer of oil and the largest net importer of oil in 2014. China holds 24.4 billion barrels of proven oil reserves, the highest in the Asia–Pacific region. China 's total oil and liquids production, the fourth largest in the world, has risen by about 54% over the past two decades and serves only its domestic market. Oil sector has long been under state direct and dominated by national oil companies. The market is highly controlled by the government and oil price barely reveals the real costs of oil. Regulatory Reform: China 's national oil companies (NOCs) wield significant influence in China 's oil sector. The main purpose of the regulatory reform in oil sector is to enhance... Show more content on Helpwriting.net ... Sinopec, on the other hand, has traditionally focused on downstream activities, such as refining and distribution. It controls the oil fields south of the Yellow River. In this way, the national monopoly in China's oil sector was established with the CNPC and Sinopec controlling all process from extracting, refining, sale to trade. The government's main goal of the regrouping is to regulate previous disorder in the oil extracting industry and eliminate oil smuggling issues. The regrouping is intended to improve the efficiency in oil sector by imposing more government oversight through the two national companies. However, the regrouping barely achieved the government's initial goal. The two national companies benefit from high profits because of monopoly power and government subsidy. Other local and private–owned oil company had little or no market share under the current structure in oil sector. After China joined the WTO, it faced increasing pressure to open up its oil market. In 2006, the state department issued new regulations regarding the markets for crude and refined oil. The state partially opened up the importation of crude oil and the domestic market for refined oil. However, because the oil refining industry was highly monopolized by the two national oil companies, the opening up of oil market actually benefited these two monopolies most. The local and private–owned oil company that were granted the rights to import crude oil had to ask the two national oil ... Get more on HelpWriting.net ...
  • 13. Value Chain Analysis Of Chevron Introduction Chevron is one of the world's six "super major" oil companies; as of 2015, it ranked third in the Fortune Global 500 list of the world's largest companies. (Rankingthebrands.com, 2015) Chevron's Value Chevron's gasoline rated Top Tier contains more detergent additive, which improves engine reliability. (Top Tier Gasoline, 2015)Techron, is a patented additive developed by Chevron Products Company. Techron is proven to be effective at keeping both modern and older engines clean. The result is maximum power, lower emissions and maximized fuel economy. Even microscopic amounts of engine deposits can adversely affect performance. (TechronWorks, 2015) With the introduction of Techron, Chevron gasolines became the first fuels designated... Show more content on Helpwriting.net ... (Chevron Global Issues, 2015) Increasingly, innovation appears to be a vital path to efforts to develop such advantages (D.Dunlap–Hinkler, 2010). Value Chain Analysis Technology Development Chevron has three technology companies that support their businesses. The work that these companies do is integrated across Chevron, ensuring a strong alignment between the technologies we use and our business strategies. (Chevron Technology, 2015) Inbound / Outbound Logistics Toll designed, and is currently constructing, three state–of–the–art Landing Craft Tank (LCT) vessels to support Chevron's supply chain when delivered. These larger–capacity vessels will be some of the safest and most efficient vessels in the industry. (Us, 2014) Operations Chevron developed the Operational Excellence Management System (OEMS). This is Chevron's comprehensive approach to managing process safety, health and personal safety, the environment, reliability and efficiency to achieve world class performance.
  • 14. It establishes expectations and requirements for their business units and guides leader behaviours to manage, prioritize and continuously improve our efforts to protect people and the ... Get more on HelpWriting.net ...
  • 15. The Oil Sands Of Alberta Alberta Oil Industry EC239 section C Instructor: Sharif Khan GROUP MEMBERS Jiayu Weng 133004040 Liang Zhang 114161410 Jingsong Sun 114161870 Brent Bogdon 130177700 Thurairajah Thilakxshan 130937440 I.INTRODUCTION The Oil Sands of Alberta have been a scene of controversy since the commercial production of oil began there in 1967. The Oil Sands are underground deposits made up of a mixture of sand, water, clay, and bitumen (1). The oil extracted from these reserves in Alberta is an integral source of energy used by Canadians on a daily basis, from transportation to heating. The oil sands are also a major host for jobs not only for the locals in Alberta, but also for all Canadians. Even with such apparent benefits, there are many who... Show more content on Helpwriting.net ... Therefore with the growing need for energy in the global markets America decided to loosen trade policy regulations and export crude oil. America has been able to keep with Saudi Arabia's absurd production of crude oil, causing the price of crude oil to drop. This constant production of crude oil has brought prices to fall below $40 USD, causing many energy firms in Alberta to make staff and budget cuts. The Alberta oil industry future is grim, as many companies have already reduced spending plans and has predicted that they will be operating 57% less than 2014. This tremendous hit to the Oil industry has caused tremors in all other aspects of the economy as the unemployment rate, "immigration" rate, and the real estate market worsens. Alberta's economy is closely related to the oil industry, thus with the decline of crude oil prices the economy is in an unstable state. III.DATA ANALYSIS Figure 3–1 Alberta's oil exports has been increased from about $17.1 billion to $76.2 billion and the proportion of oil exports in total goods exports has also been increasing between 2004 and 2014. In other words, oil exports have become more and more important in Alberta's exports. Figure 3–2 From 2014, the crude oil price has dropped in a sudden since the global economic downturn, oversupply of crude oil and the appearance of new energy. Global economy fatigued, and thus the demand of crude oil was not strong, ... Get more on HelpWriting.net ...
  • 16. Oil Persuasive Essay The world's oil reserve is destined to deplete and expected to peak in 2020 as it is decreasing in volume oil prices will go up, eventually leading to a plateau of oil based production.PErhaps As oil goes 1 barrel will produce 5.8 million BTU, it takes 75 BTU to boil a cup of water. As a substitute for oil I came to ethanol as a solution. if 1 barrel of oil produces 5.8 million BTU a barrel of ethanol will produce 3.5 million BTU. Ethanol could provide roughly 2/3 of the world's energy. But $770,000,000,000 for 11 days of world operation plus the additional 1/3 of energy needed to fill the oil void would cost much more than oil. Ethanol is $70 per barrel versus Oil is $40 per barrel. Is the extra cost worth the renewability? I don't believe... Show more content on Helpwriting.net ... Its obvious non renewable resource that will not refill. Nearly everything in the modern world is made with oil in some way. If the reserves deplete gas prices will go up and many people will go without heat and electricity or cars.You can argue that we have time before the reserves deplete but maybe not enough to find a better solution for energy and save oil for things that require it unlike gas arger oil companies are lying about the "vastness" of their fields as a business ploy to scare the competition away. We could make estimates like "only half of what the oil companies present" but we wouldn't know because we can't measure. As citizens we cannot measure the volume of an oil reserve because that information belongs to the oil company. The only time that information will be released is when the oil is all dried up and the banks and companies have made their profits. The question is can we find a renewable resource to replace oil and find it by the billions of barrels. As it has been researched by Peakoil.com the world goes through a billion barrels a day in less then 11 days. if that is correct the world will need to produce at least 33,180,000,000 barrels of this material per year if it has the same efficiency rate as ... Get more on HelpWriting.net ...
  • 17. The Price Of Gasoline Prices In the last ten years, gasoline prices have been increasing in Canada. Consumer spending on gasoline holds a large amount of total household expenditures. In 2009, the Consumer Price Index (CPI) calculated on average that Canadians spent about six percent of their total household budget on gasoline (Statistics Canada, 2013). Therefore, gasoline prices changes on consumer price inflation. In order to make gasoline, crude oil and refineries are required. When examined, gasoline and crude oil are two different commodities that can change through different market factors (Pump Talk, 2008). As these factors take place, the costs are added towards the price of gasoline. Even though Canada is a large net exporter of crude oil and owns almost half... Show more content on Helpwriting.net ... From different varieties and grades of crude oil, benchmarks are often used to set the prices. West Texas Intermediate (WTI) and Brent are two crude benchmarks that Canadian refiners often encounter. Brent is the leading global benchmark for crude oil prices because of its ability to ship to practically any oil receiving marine terminal in the world (Statistics Canada, 2013). Any geopolitical events that can possibly affect the supply and demand for crude oil will influence the price. As a result, crude oil prices in Canada are affected by foreign and domestic issues. For example, in 2005, Hurricane Katrina blocked oil production around the Southern Gulf Coast of the United States. As the supply decreased and the demand remained the same, oil prices over a barrel increased in a short period of time. President Bush sent thirty million barrels from the Strategic Petroleum Reserve (SPR) to bring the oil price down (Oil Price, 2009). Political problems in the Middle East have also caused many worries over the access of oil supply this region produces. In 2008, oil prices went over one hundred and thirty six dollars a barrel due to global concerns of the wars happening in Iraq and Afghanistan (Oil Price, 2009). The oil prices increased because buyers were afraid the oil was unable to be properly delivered. As these oil prices rise, consumers cut back on driving to save money. This decreased demand, which also decreased the ... Get more on HelpWriting.net ...
  • 18. Different Equipment Used At Site Surveying And With That I... In this Task I will explain the different equipment used in site surveying and with that I will produce a report based on our task we carried out where we transferred a level from a known benchmark to a temporary benchmark. (TBM) This will include photos and evidence in regards to what we did and how we recorded our results. Before we started our task we created a risk assessment which includes different risks and their solutions with their risk factor too, before and after. (The risk assessment is on the next page) An Ordnance Bench mark is something which is found on bridges/roads and buildings. These are now available all over UK as to when, "The Ordnance survey datum was created around 1920. It is now located in Newlyn (Cornwall)" ( ... Show more content on Helpwriting.net ... Slips, trips and fallsStudents and staffLowAll personnel to wear safety footwear and Hi Visible and hard hats (Supplied by BB Col)Low Road safety issuesCollisions Students and staffLowStaff to ensure that all students are notified of road safety issues.Low WeatherSlip/Wet conditionsStudents and staffLowMake sure correct clothing is worn and arrangements have been made to solve wet conditions. Or check the BBC weather if planning for next few days.Low ViolenceStaff and Students may suffer stress and/ or physical injuries from aggressive customers Students, Staff and the general publicMediumStaff adheres to legal requirement. Staff to train students how to be good, use polite behaviour and how to avoid Confrontation following violence policy when to call police. Low FireIf trapped somehow anyone could suffer from smoke Inhalation/burns. Or this ... Get more on HelpWriting.net ...
  • 19. Demand And Supply Of Oil Prices The sporadic nature of oil prices has over the years posed as a great deal of concern to economists, investors, financiers, consumers, analysts and other relevant stakeholders. In a perfect market, the price of a commodity is an indication of the present circumstances as well as future signals that could impact demand and supply. Ordinarily, we expect prices of commodities to move in response to changes that affect demand and supply at a relatively 'normal' rate. When prices change drastically within a short period and consistently over time, then such market is fraught with high volatility – a typical case of the crude oil market. A sudden increase in oil price becomes a concern for the consumer as it results into a reduction in his purchasing power; thereby struggling with allocation of income among competing demands. For an investor, high price volatility increases risk associated with the investment and also creates uncertainties. High volatility will impact the macroeconomic variables in an economy including but not limited to unemployment, inflation, consumption, investment and industrial output (Ebrahim, Inderwildi et al. 2014a). This paper seeks to evaluate oil price volatility by examining the trend of oil price from 1970 to 2013. Attempts will be made to explain the causes and root factors influencing price changes. Finally, a view on whether oil price volatility is inevitable will be established. Annual U.S. Imported Crude Oil Prices Nominal vs. ... Get more on HelpWriting.net ...
  • 20. The Economy Of The Oil Industry Over the last years, the oil industry practiced its deepest recession since 1990s. That being said, the recovery for this industry finally starts getting better. The Organization of the Petroleum Exporting Countries approved to change the production last year, 2016. This arrangement has been holding over to this year, with oil prices increasing for the past several months. But in recent weeks, United States records have been found greater oil prices have been faded. Experts think it will be years before oil returns $100 a barrel, a price that was regular till late 2014. But after the oil price recovered from below $30 in early 2016 to over $50 by the end of the year, there was increasing certainty in the industry that crude oil could rise... Show more content on Helpwriting.net ... This is why prices began to decrease. In December 2014 the price went down to $55.48 per barrel. At that point, many people projected that Saudi Arabia and other oil producers will cut back on their own production to changes prices, as they had in the past. Of course that didn 't happen. Saudi Arabia decided to increase production in order to keep its market share, hoping that the decrease in oil prices would crush US oil industries, who require higher prices to stay gainful. And that 's when things got really interesting. Ever since Saudi Arabia 's decision to maintain output in late 2014, prices have kept dropping and reducing. This happened because supply continued strong and demand became weaker than estimated. This shows that US drillers turned out to be far more adaptable to low oil prices than the Saudis thought. As firms cut costs and increased productivity "in order to keep the oil flowing". (Oil Prices: What to Make of the Volatility.) In the meantime, major developing economies like China, Russia, and Brazil put a discouragement on the oil industry. An unusually mild winter helped overpower demand for heating oil, and also a stronger dollar means that some countries now have to pay more for crude imports. Car owners in places like the United States, Europe, and Japan are paying less for gasoline, which means they have more money to spend on other things than gas. This is why oil businesses here in the United ... Get more on HelpWriting.net ...
  • 21. The Price Of Crude Oil Essay Abstract The price of crude oil has experienced a sharp decline since June, 2015. The stunning fall in oil prices has been one of the most important global macro–economic developments of the past 20 months. There are numerous factors that have contributed to the oil price crash and the downturn of the oil and gas industry. These factors would further be discussed in this paper . Causes of Oil Price Crash in Recent Times The oil industry is full of economic booms and busts. Recently, the industry is in a downturn and the price of crude oil has dropped significantly. In recent times, the price of oil has dropped by more than 40% since June 2015. This crash came after nearly five years of stability and the economies hardly hit by this downturn are oil–exporting countries such as Russia, Nigeria, Iran and Venezuela. In the past one year and a half, oil prices have been cut in half and oil executives have predicted it will be years before oil prices return to $100 per barrel. The major causes of the downturn are the declining prices of a barrel of oil, which is as a result of the strong U.S. dollar, oversupply,OPEC and declining demand. The oil price is partly determined by actual supply and demand and partly by expectation. Demand for energy is closely related to economic activity. Supply can be affected by weather and by geopolitical upsets. Recently, demand for energy is low because of weak economic activity, inctreased efficiency, and a growing switch away from oil to ... Get more on HelpWriting.net ...
  • 22. The Interaction Between Crude Oil And China 's Gdp Final thesis The Interaction between the Crude Oil Price and China's GDP Pinpin Lyu B00648666 06/04/2015 Assignment 10 Prepare for Honours Thesis, Econ 4200 Style: Content: ____________________________ TOTAL: Abstract This paper analyzes the interaction between the crude oil price and real GDP per capita in China. I find that both the crude oil price and the real GDP per capita in China have overall rising trend from 1980 to 2014. I use granger causality test to study the causal relationship of the two variables. The results show that here is not a clear interaction... Show more content on Helpwriting.net ... At the same time, fluctuation of the crude oil price has put pressure on the price level and economic growth in China. In this research I ask: "What is the interaction between crude oil price and China's economy?" A considerable amount of economic literature have analyzed the impact of oil price on the GDP in developed countries. Such as Jimenez and Sanchez (2004) have studied links between oil price and macro–economy in several industrial OECD countries. They found that oil price fluctuations have considerable effects on economic activities. We do not know the interaction between the crude oil price and economy in China. China is interesting in this content because it has large population which affects the demand for crude oil. Also, China's GDP is growing rapidly, and the dependence on imported oil have increased in China, but only a few studies have focused on China. In Ghalayini's study, by investigating the relationship between oil price and economic growth, the researcher found that as economic growth increases the demand for oil increases which pushes up the oil prices. While the increase in GDP growth and economic activity have led to an increase in the energy demand, a feedback relationship exists which can mitigate this effect (Ghalayini, 2011). In this research, I will use granger causality test and regression models to study interaction between the crude oil price and GDP in China. There are several alternative approaches, ... Get more on HelpWriting.net ...
  • 23. Effect of Rising Oil Prices on Indian Economy A rise in global oil prices by $ 10 per barrel would reduce India's economic growth by 0.2 percentage points and also affect the country's current account deficit, Goldman Sach said. "A VAR (value–at–risk) analysis suggests that a $ 10 increase in oil would reduce GDP growth by 0.2 percentage point," Goldman Sachs said in its latest edition of 'Asia Economics Analyst'. India on Monday voiced serious concern over the rising crude oil prices, which have touched a two–year high, and said it could badly affect global economic growth and even give rise to inflationary pressures. "The current oil prices will spur global inflation and retard economic growth. India feels that this is the concern that needs to be addressed on priority," Minister ... Show more content on Helpwriting.net ... In this background, I found it reassuring to come across opinions from two unrelated quarters questioning the connection. CONFIDENT ASSERTION There is first the confident assertion of the Chairman and Managing Director of Indian Oil Corporation (IOC), Mr R. S. Butola, that the impact of higher crude prices need not always be severe, and can, in fact, be circumvented by means of some ingenious countervailing measures. The IOC seems to have achieved this by carrying out crash modernisation and upgradation of plants and shifting the dominant part of its business plan to petrochemicals. For instance, by using modern processes, IOC has been able to convert many black products into high–value fuel such as LPG and petrol, significantly raising the company's distillate yield from 71.5 per cent in 2004–05 to 75.4 per cent in 2010–11, and thereby extracting more high–value products from every barrel of crude. A recent IMF working paper (No.11/194) "Oil shocks in a global perspective: Are they really that bad?" is a scholarly exposition downplaying the gloomy prognostications associated with surging oil prices. The importance of the paper is that it almost exclusively focuses on the economies of
  • 24. developing countries. It goes into the relationship between oil prices and macroeconomic fundamentals, including economic output and value and volume of international ... Get more on HelpWriting.net ...
  • 25. Benchmarking Rationale Of Bluestem Brands Benchmarking Rationale Bluestem Brands is an ecommerce company that is headquartered in Eden Prairie, Minnesota. It was founded in 2002 after it acquired the then bankrupt Fingerhut.com. Today it is the parent brand to three major retail brands: Fingerhut.com, Gettington.com and Paycheck Direct. They are also in the process of acquiring a fourth brand called Orchard Brands, and that acquisition will be completed by the end of 2015. Bluestems Brands provide customers with a variety of items for sale across several different categories, such as electronics, clothing, home and garden, tools, among others. Additionally, they offer credit to customers with low or no credit ratings in order for them to increase sales, and they purposely keep payments low in order to keep the number of people defaulting on their credit obligations as minimal as possible. They service all three of their brands from three distribution centers which are located in Minnesota, Indiana and Nevada, and via call centers across the globe. Bluestem is a quickly growing ecommerce company, with 2014 being their fourth year in a row of double digit growth. With that being said they are still a smaller company as their total sales is only one billion dollars annually. Because of this, they have a lot that they could learn from larger more established ecommerce companies such as Amazon.com and Walmart.com Bluestems rapid sales has led to a rapid expansion in the amount of personnel employed, systems deployed, and ... Get more on HelpWriting.net ...
  • 26. Fastcat Benchmarking Job Benchmarking jobs was a critical step in developing grades and ranges. Some of the job descriptions in the survey data did not clearly relate to the jobs in FastCat, which caused us to avoid those particular survey jobs. Due to these discrepancies among the job descriptions, we decided to evaluate the descriptions that most clearly matched the FastCat jobs. For example, in the Business and Marketing pay structure, the Administrative Aide requires very basic qualifications, such as a high school diploma and competencies in basic skills, such as word processing and simple administrative tasks. We felt that this most closely identified with the Office Support 1 position because its description involved simple word processing tasks as well ... Show more content on Helpwriting.net ... We looked at organizations that were similar to ours. Factors that we included are the size of the organization, the type of work done in the company, their profitability, and their percentage of base pay to total compensation. We chose organizations that were either small or medium sized that ideally were software companies. Large companies were also selected, as practically we are still competing with large companies for similar positions, and the market continues to expand in such a way that many smaller companies are merging to large–size. We also looked at the profitability of the organization. FastCat's ROA value is 0.24. We chose to look at organizations that were either of the same level or higher, up to a value of around 5. Choosing all of these particular factors allowed us to benchmark against organizations that are likely in a similar financial situation as FastCat, making them appropriate organizations with which to ... Get more on HelpWriting.net ...
  • 27. The Value Of The Airline 3.2 Hedging Add Value The airline must benefit from hedging due to the mitigation of finance risk, reduction agency problems of information asymmetry in this section we show the important relation between Aircraft Company and hedging of fuel price and operating cost due add value. The hedging is associated with a lower cost of crude oil, operating cost comprehensive set of controls and finance specifications. Hedging initiating firms of airline experience a drop in the cost while suspension firms sustain a jump. We perform an extensive set of robustness tests to address the possible issue of endogeneity, competitive. We further show that hedging leads to a drop in the cost of debt by reducing higher oil price risk and the level of... Show more content on Helpwriting.net ... Hedging also reduces information asymmetries between the firm and its stakeholders, facilitating contracting. For example, demonstrate that managing risk can reduce noise, thus helping outside investors to better identify skilled managers. All these arguments imply that risk management can add airline firm value (Karl and Henri, 2011). 3.2.2 Airline Industry and Economic Aircraft companies are derived strongly from the airline production function, like the situation at ticket prices, operators cost and some elements variables specification such as satisfy of passengers and situation in the market competitive. The large endogeneity and careless variable case could have an effect on our estimates of oil price coefficients .The chain may have to be side to costs higher at the time of high oil prices. instead that, it might be the case that when firm's product market positions are stronger they are better able to enact flexibilities to deal with high oil prices, leading to reduced costs for example in fixed the category of the data base, the period business a swing fuel prices might face to be wide at the same time as airlines' capacity is tired with investors (Paul and Chi Zhang, 2014). Hedged fuel cost is boosted in fuel price and concave. Hedged fuel cost is rising in jet fuel price, but less credible concave, ... Get more on HelpWriting.net ...
  • 28. Analysis Of Southwest Airlines Co. Introduction Southwest Airlines Co. was established in 1967 when it was started with only three Boeing 737 aircraft that serve three largest Texas cities namely Dallas, Houston and San Antonio. In 1989, Southwest Airlines became a major airline when it surpassed the billion dollar revenue mark. Each year, millions of people fly with Southwest Airlines making them the nation's largest carrier of domestic passengers. With 43 years of exceptional service Southwest Airlines continues to expand and serve 93 destinations in 40 states with more than 3,600 flights a day. This year Southwest launched their international flight service to five nearby countries by Air Tran Airways, a wholly owned subsidiary which was acquired in May 2011. LUV is... Show more content on Helpwriting.net ... (Fortune) Southwest remains the only airline in the country that offers free checked–in bags, free in–flight Wi–Fi with gate–to–gate connectivity, open–seating policy, and now their newest free Beats Music. Many people are curious on why Southwest does not charge for checked in bags. According to Southwest CEO Gary Kelly, "....if it would start charging for baggage, it will lose more revenue than it will gain because that will result in losing customers". (Benzinga) Its definitely true that by maintaining their brand value as affordable airlines which clearly identifies them as distinct to their competitors. This low–cost and bag fly free strategy are very effective in terms of profit and customer satisfaction. Most passengers will able to travel by air often because of price affordability. So far, Southwest Airlines is continuously improving and has been consistent and successful in the economy. Even though Southwest Airlines have been through many economic downturns, how can they remain stable in the economy? In my opinion, the key element of Southwest Airlines' success is the utilization of economic indicators, the leading, coincident and lagging economic indexes which is valuable to help them understand the performance if the company will be on peak or trough in the business cycle. Transportation Service Index and EIA Crude Oil Prices are two specific indicators I chose because I believe when Southwest utilize these two economic data then it will ... Get more on HelpWriting.net ...
  • 29. Objectives And Objectives Of An Auditor Of Petrol One... Initial audit acceptance and planning: Auditing is the accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria (Pearson, 2014). The external auditors auditing client's accounting records are qualified accountants who express true and fair vies as to whether the financial statements are present in accordance with the relevant accounting standards such as International financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP). We auditors are accountable for the financial statements to be free from material misstatement, fraud or error. As auditors of Petrol One Resources Berhad, an Oil & Gas industry service... Show more content on Helpwriting.net ... Company History: Petrol One Resources Bhd (PORB) (Company No. 333769–X) is a public listed company (Stock code: 7027) on the main markets of Bursa Malaysia classified under the practice note (PN) 17 list (PETONE, 7027). It was previously known as Changhuat Corporation Bhd incorporated in 1995 as an investment holding and provision of management services to the subsidiaries. In 2011 January it transformed its core direction into the Oil & Gas industry where storage and bunkering company taking advantage especially in the southern Malaysian region of Johor. Principal Activities: The principal activities of the company are providing shipping and forwarding, floating storage and off–loading, offshore support, bunker and ship management services. They formed partnership with Solid Aim Bhd for shipping and forwarding (Petron One Resource Berhad Annual Report, 2014). Tanjung Pelepas and Pasir Gudang being the premier ports, will be the key growth areas in the future having a close proximity with Singapore to serve both the nations in bunkering and floating storage. They also formed an alliance with Sigma Marine Synergy Bhd for ship management agency ... Get more on HelpWriting.net ...
  • 30. Supply And Demand of Gasoline Essay Supply and Demand: Gasoline I am a husband and a father of four lovely children. We need a large vehicle to haul all of us around town. And of course I would do anything to keep them safe and I always want to provide them with the best. Therefore, after the birth of our fourth child two and a half years ago, my wife and I decided to upgrade our Ford Explorer to a Ford Expedition. We got everything from the side–curtain airbags to the TV and DVD player. What we did not know was we also purchased a rather large unleaded gas bill. The first time we filled the tank it cost us roughly $35; today it costs us right around $75 to fill the tank. Obviously the price of gas has increased significantly in the last two years. The price ... Show more content on Helpwriting.net ... Norway is the third largest exporter of crude oil. Three separate strikes over a five–month period severely influenced production. The supply of gasoline to various regions of the United States also plays a significant role. The country is divided into five different regions: Gulf Coast, East Coast, Midwest, Rocky Mountain, and West Coast. Some of these areas do not have enough refineries in their own region to support the consumption and therefore need it brought in. For example, the West Coast has very limited pipeline connections from the other regions. It must rely on water shipments and its small amount of refiners for its supply. If something should happen to the water shipments, i.e. a hurricane, tsunami, etc. it would greatly effect the supply of gasoline. The demand of gasoline has increased steadily over the last twenty years. In 1981 the U.S. averaged 6.5 million barrels of gasoline consumption per day. By comparison, in 2004 the U.S. averaged 9.2 million barrels of gasoline consumption per day. For most of this time period, gas prices stayed relatively the same. This is because the U.S. refineries increased their production to meet the demand and maintain the equilibrium price. Also during this same time period worldwide demand for crude oil increased 27%. Crude oil producers also increased their production to meet the demand keeping prices the same. The price of gasoline is affected by many ... Get more on HelpWriting.net ...
  • 31. The Risk And Uncertainty Of Halliburton The Risk and Uncertainty of Halliburton When thinking of the energy industry, the great Halliburton always will come to mind. According to their company history, Halliburton began in 1919 in Oklahoma as a small company mixing different elements for oil drilling ("History of Halliburton," n.d., para. 1 and 2). The company has since grown into a corporate giant, with revenues exceeding 18 billion dollars by the end of the third quarter in 2015 (Halliburton Company, p. 1), and currently runs two sectors: "the Completion and Production segment and the Drilling and Evaluation segment" (Halliburton Company, p. 8). While known as an energy industry giant, Halliburton is also known for war time profiteering. As reported by Young, Halliburton ... Show more content on Helpwriting.net ... 13). Halliburton announced in 2014 a consolidation with Baker Hughes, another competitor in their industry (Halliburton And Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion. p. 1). With this consolidation, Halliburton will acquire all assets of Baker Hughes, along with the future subsidiary's debts. With the uncertainty of the lifetime of the oil industry, and currently facing a significant loss, Halliburton is taking a serious risk facing such a large amount of debt and acquiring Baker Hughes. Discussion Background Bloomberg reports that Halliburton controls 6.40% of the market share for the "oil and gas services" industry while it's two biggest competitors, Schlumberger and Baker Hughes, control 10.00% and 4.90% respectively ("Bloomberg Industry Market Leaders"). It is evident that the anticipated consolidation is the two companies' attempt to dethrone Schlumberger as the company with the largest market share, or at the very least, gain a large portion of the market. Baker Hughes, a company serving the same customer base as Halliburton, has accrued in 2015 revenues nearing $8.56 billion, expenses of $9.48 billion, facing future liabilities of over $3.9 billion, and a total net loss nearing $800 million ("Baker Hughes Incorporated", p. 2, 4). Trefis Team, a Forbes contributor, reports that this consolidation will cost Halliburton $35 billion of stock and cash dividends and if the consolidation does not occur, ... Get more on HelpWriting.net ...
  • 32. Brent Crude Oil Essay Overview Of 'Brent' Crude Oil: The 'Brent' blend of crude oil is the most common form of crude oil used worldwide, with roughly two–thirds of all crude contracts around the world referencing the Brent blend (reference). 'Brent' oil is drawn from more than a dozen oil fields spanning across the North Sea off the coast of the UK and Norway. This particular type of crude oil is also considered to be light and sweet (therefore low sulfate), making it ideal for refiners to make gasoline and diesel fuel (). Although the 'Brent' is destined for European markets, it forms more than half of the worlds globally traded supply of crude oil. 1.1 Historical And Current Trends In 'Brent' Crude Oil Prices: 1.1.1 Long Run Trends:... Show more content on Helpwriting.net ... During this period, the price of 'Brent' crude oil (like WTI) reached an all time high in July of 145.61 USD/BBL in response to strong economic conditions prior to the Global Financial Crisis hitting in early 2009. The price of 'Brent' crude oil also similarly bottomed out in 1970, with a record low of 2.23 USD/BBL and following the GFC, prices sharply fell, with prices at 62.04 USD/BBL as of April 2015. Over the 45–year period, significant events such as the GFC, the Iran/Iraq war, the Iranian revolution and various OPEC cuts (as shown in graph 1) has caused the price of 'Brent' crude oil and crude oil as a whole to historically be fairly volatile and as such, these various political and economy–wide factors provide an explanation for volatility in prices over the past 45 years. 1.1.2 Recent Trends And Current Prices: The price of North Sea 'Brent' crude oil is sitting at roughly $62 per barrel, with this figure fluctuating around the sport price of $60 per barrel. During the month of April 2015, prices have roughly swung between $65 per barrel and a low of $60 per barrel, as shown in the figure below: Graph 3: (Reference) Overall, prices of the 'Brent' blend have fallen over the past 12 months, with a 52–week range of 47. 68 – 115.71 and a 1–year return of –43.61% indicating the sharp decline in the price of 'Brent' crude oil from a peak of $112.36 on 01/06/2014 (reference). Although prices of the 'Brent' ... Get more on HelpWriting.net ...
  • 33. The World Every Day ( Exxon ) the world every day ("Exxon"). Part of its expansion strategy involves integrating its different operating divisions. For example, over 90% of its chemical capacity is integrated with its natural gas and refining operations. This allows for cross–utilization of resources, ultimately boosting efficiency and reducing costs. Technology is at the forefront of ExxonMobil's strategy. Newer technology allows for more environmentally conscious and efficient operations, which can save the firm time and money, while reducing its effect on the environment ("Exxon"). ExxonMobil has several large competitors in this sector, such as Chevron Corp., Royal Dutch Shell, and BP. Chevron is the second largest oil company in the United States, and is often compared side by side with Exxon when performance is being analyzed. Royal Dutch Shell is an enormous oil and gas producer, owning the largest retail fuel network in the world. British Petroleum is headquartered in London, and is also one of the largest oil producers in the world, having a large presence in the United States ("Edwards"). All of these companies compete in the exploration, production, and transportation of oil and its products around the world. The main contributing factor determining how well ExxonMobil and its competitors perform is the price of crude oil. The suspected slowdown in the Chinese economy was the demand–side reason for the decline in oil prices. China is one of the largest consumers of oil in the world, so any ... Get more on HelpWriting.net ...
  • 34. Case Study Of Sinopec Group Investment summary We are maintaining a Neutral recommendation on Sinopec Group. This valuation is supported by numerous merits, as outlined below, as well as concerns taken into consideration: Well management use of technology platform In this few years, the Sinopec Group go along with the development strategy of "resources, market, integration and globalization", the principle of "six unifications" (unified planning, unified standard, unified design, unified investment, unified construction and unified management), yet the policy of "combining building and utilization with focus going to utilization". The Group had heavily investing in innovative technology platforms by strenuously pushed IT application with ERP at its core. These platforms have brought a lot of benefits to the company by allowing the company increasing efficiency, reducing corporate cost, and raising the corporate core competitiveness. With the continuous deepened IT application within Sinopec, the application of the system in the production and business operation achieved good economic returns in optimizing structure, supervising the oil price, adjusting the stock, reducing tanker demurrage, optimizing the transportation, and increasing the total output. In short, Sinopec invest in innovative technology platforms which return a numerous benefits to the company. Sinopec gains benefits from government policy As a... Show more content on Helpwriting.net ... The company internal management policies are geared toward on teamwork, risk prevention and promoting innovation. The company business philosophy is established on trustworthiness and integrity. Sinopec give a high priority to the well performed employees to enhance loyalty, cohesion and promote the sustainable development of the companies and business. Business risk that negatively affected by the fluctuation of refined oil and crude oil product ... Get more on HelpWriting.net ...
  • 35. The Keystone Xl ( Kxl ) Pipeline In the October of 2015, oil prices have dropped to their lowest since 2008 and Canada has lost over 35,000 jobs, and the value of the loonie has dropped to a mere 77 cents compared to the U.S. Dollar. As Canada desperately clings onto the failing economy, it turns its attention to The Keystone Pipelines. The Keystone XL (KXL) pipeline was an idea proposed in 2008 by the TransCanada energy company, to deliver 830,000 barrels of oil each day beginning in Hardisty, Alberta, and extending south to Steele City, Nebraska. TransCanada claims to bring more jobs, energy security, and benefit to the Canadian and American economy. Yet, President Obama denied the proposal in 2015. Although it was a huge disappointment to Canada, the decision to deny permission for further construction of the pipeline was the right one. The future of Canada's economy should not rely on the Keystone XL pipeline, because the devastating environmental risks, the instability of the oil industry, and Canada's ability to expand other industries. The main reason President Obama rejected the proposal of Keystone XL was due to environment concerns. As quoted from Salon News "President Obama's decision to deny permission for construction of the Keystone Pipeline may turn out to be a momentous event in the history of our efforts to protect our planet from environmental disaster." The construction and use of Keystone XL will greatly risk the environment, and because of this, it should not be built, and Canada ... Get more on HelpWriting.net ...
  • 36. Chin The Largest Economy At present, China is the largest economy in the world, overtaking the US in January 2015. It is also the world's second largest oil consumer behind the US (Chen 2015) and the world's largest net importer of crude oil (Dunn 2014). Its net importer status was driven by steady economic growth, with rapidly rising Chinese petroleum demand outpacing production growth (EIA 2014). China is also the fourth largest oil producing country in the world (Refer to Appendix ___). The growth in the developing nation's economy over the past 3 decades was heavily dependent on its low cost advantage compared to those of other countries. During this period of growth, foreign companies flocked to China to set up production facilities and factories to capitalize on this cost advantage. Raw materials are shipped to China, where factory workers build the final products and export them out to various countries (Wassener 2014). However, recently, china's economy has experienced a significant slowdown due to the shift in growth of the nation to rely more on private enterprise and domestic consumption. This shift in economy reduces its demand for industrial raw materials for manufacturing, which translates to a decrease in demand of oil for use in production plants. A survey of China 's industrial heartland identified decreases in key areas of new orders, export orders and output prices (Letts 2015). Furthermore, being the world's second largest consumer of oil, this move that China makes will have ... Get more on HelpWriting.net ...
  • 37. Organizational Management Chapter 8 Job Evaluation 1. What is meant by internal equity? What is the relationship between internal equity and job evaluation? "Internal equity is a situation that results when people feel that performance fairly determines the pay for each individual with a certain job or that relative difficulty results in appropriate differences in pay rates between jobs. Worker dissatisfaction may arise when internal equity principles aren't met.Internal equity studies analyze the nature of a particular position including: 1.Skill2.Effort and 3.Responsibility" (web). 2. What is a benchmark or key job? Why are these kinds of jobs so critical in various job evaluation methodologies? Bench mark jobs are highly visible jobs that common ... Show more content on Helpwriting.net ... When using pure market pricing method, organizations allow the market to dictate the pay of the job and relative worth ... Get more on HelpWriting.net ...
  • 38. Fluctuating Fuel Prices Shane Kearns Bellevue University Business Communication 5/29/13 This paper will dicuss the rising prices on fuel over the past few years. It will involve the trucking industry and explain how the rising of gas prices has effected trucking company. Crude Oil prices have passing over one hundred dollars a barrel. This has effected many independent owners–operators. This article will dicuss why some independent owners have decided that it is no longer profitable to drive a truck. Some owners have taking a different approach with the rise of crude oil. The article will discuss how some owners have reduced horsepower in the engines of their trucks in order to increase profit and have also choice to run day routes in smaller trucks. ... Show more content on Helpwriting.net ... The rise of crude oil has also effected the sales of trucks. With comapnays no buying or spending as much on a truck has hurt the econonmy. High desiel prices are a consequence of capitalism. As all fuel prices have been going up people are blaming the federal govenerment. They believe the president has influence of derterming the outcomes of tensions betwwen Israel and Iran. Some people blame incrased prices based on fears around the world. It all comes down to one thing to blame, capitalism. Calitalism can be great to an economic system because of its emphasis on efficienc and inbradible success rate at allowing those who control the means of production and resources to meet the demands of those with purchasing power. Capitalism is constantly evolveing and will impact the gap between current and future goals on oil prices. The top five Oil and Gas companies are: Saudi Aramco, Gazprom, National Iranian Oil Company, ExxonMobil and PetroChina. These company work together by using some sort of scare tatic in order to raise fuel prices. Take ExxonMobil for example, these companys have combinded forces in the United to States. These companies tell the American people gas prices went up due to the fact that there oil refineories are under maintaince. As a result gas price increase Where as in the 1990's when these were two serpeate companies they had to compete with each other and prices were much lower. The growth in capitalism has ... Get more on HelpWriting.net ...
  • 39. The Impact Of Crude Oil On The Uk Economy THE IMPACT OF CRUDE OIL PRICES SHOCKS ON THE UK ECONOMY. INTRODUCTION: This paper will observe the relationship between UK economic indicators and global commodity prices. The paper will be divided into seven parts. Part one will be the introduction, part 2 will be the literature review, part 3 will be econometric models and methodology, part 4 will be data summary, part 5 will be results and analysis, part 6 issues/extensions of the econometrics modelling, part 7 will be the conclusion and the references. The process rate of UK's per capital GDP has been reasonably inspiring since year 2000, from a normal rate of $28.1 thousand to $ 44 thousand in 2015 (Sources from World Bank Database from the UK) the inspiring figure come from the ... Show more content on Helpwriting.net ... The dramatic decline in the oil price since 2014 has a significant impact on the global economy. (JimГ©nez–RodrГguez, 2015). How does such and unexpected price decline in the oil price shock has impact the UK economy, precisely and which of the industry sectors where emerge as the beneficiary or the loser from the decline of the oil price, whether the change in the oil price has affected the UK government income and their balance sheet. In order to response to those questions, I use the computable general Eviews. to ananlyze the effects of price changes on the oil price on the UK economy. LITERATURE REVIEW: OIL PRICE SHOCKS AND REAL GDP GROWTH EMPIRICAL EVIDENCE FOR UK A group of researchers show that oil price fluctuation have significant impact on the economic activity. The significant are expected different from oil importing and exporting countries. (Soytas, Sari, Hammoudeh, & Hacihasanoglu, 2009). However, those countries exporting oil an increase in the oil price considered good news to them. When the price of oil increase the exporting, countries gain more money, but for importing countries when the oil price decreases, it's going to have an impact on their real economy especial when the country relies on the oil as one of their main source of income. The monetary transmission mechanism which has the control on the interest rate which the oil price have has an impact on ... Get more on HelpWriting.net ...
  • 40. Art Integration Case Study Essay Research Problem Schools and educators are beginning to understand the value of inclusion of art education in K–12 curriculum more and more each year. So much so, that many states are adopting common core standards and hiring highly qualify teachers to teach in the subject area of visual arts. "Research over the past decade reveals areas where effective arts education strategies, especially arts integration techniques, have yielded practical and impressive results," (Education Digest, 2011). Part of what is driving this initiative is the understanding that some students learn most effectively through the arts (Robinson, 2013). Recent research reflects that art integration correlates with low–performing learners by increasing test scores. Studies conducted in North Carolina and Oklahoma with art integration programs tracked consistent gains in student achievement as compared with state and district averages ... Show more content on Helpwriting.net ... Each group will be introduced to a bridge study unit. Teachers will cover academic material of different bridge structures in relation to U.S. common core standard requirements for social studies, science, and math. Students in Group B will be asked to select a bridge discussed in the unit. Then, they are asked to draw a blueprint for a bridge of their own inspired by the bridge they selected. Once their blueprint is complete, at a later date they are asked to construct a bridge from their blueprint with various materials that the teacher will supply. During each part of this assignment students are reminded to use/include the math and science concepts that were taught in the bridge unit. Bridge blueprints and constructions done by Group B will be presented to the class for evaluation and a benchmark test will also be dispensed to all students in Group A and Group B to collect data for ... Get more on HelpWriting.net ...
  • 41. Advantages and Disadvantages of Currently Available... Introduction One can also easily see that no other component follows this growth rate. Memory, RAM and storage are getting cheaper. However, what is not happening is that the performance of the access time and decrease resp. increasing at an exponential pace. Considering the technology of magnetic disk specifically we see that disk density has been improving by about 50% per year, almost quadrupling in three years. Access time has only improved by one–third in 10 years. Super fast processors and huge memories have to be 'fed' and a system is only as fast as it's slowest component, currently the disk. In our analysis we shall consider the advantages and disadvantages of currently available technologies and their impact on system ... Show more content on Helpwriting.net ... ThreadMark). Each have their strength and weaknesses, and it often works well to run both types. Real–world benchmarks may be as simple as timing how long it takes to copy a file, or they may involve executing complex scripts that perform functions in many different applications. The main advantage of these benchmarks is they measure performance using real applications. this same advantage can also be a limitation, since the performance of one component may be artificially limited by another. For example, we may be interested in disk performance, but a slow video accelerator will slow down a benchmark that has a high proportion of video content. This in turn could affect the workload presented to the disk drives. Why Benchmark results may not be what we expect пЂ Mechanical Latencies The single largest contributor to low performance is the disk drive mechanical overhead. The mechanical overhead consists of drive head seeks and rotational latencies. Rotational latency is the time it takes for a sector on the disk media to rotate to the point under the read/write head. It is inversely proportional to the rotational speed of the disk : the faster the disk spins, the shorter the rotational latency. пЂ Software and Firmware Overheads Software overhead is the time it takes for commands to be passed through the operating system and software drivers. Firmware overhead relates to the time it takes for the host adapter and disk drive to process ... Get more on HelpWriting.net ...