1973

British Petroleum took a massive hit to public image, brand name, and to the overall prosperity of the company, following the oil spill that occurred on April 20, 2010. The spill occurred in the Gulf of Mexico near the Mississippi River Delta, at the Deepwater Horizon Oil Facility (Deepwater Horizon Oil Spill). Since this horrific incident, which basically crippled the company, they have been employing numerous tactics to try to recover from it. There are two categories in which one can place…

In 1956, M. King Hubbert, a geologist, created a theory that world oil production is following bell-shaped curve of rise – peak – and decline. After the maximum rate of petroleum oil is being extracted, it will reach a certain point of oil will reach peak and then slowly start to decline regardless of the demand. Hubbert said that by the year 1970 the world would reach this peak point which is started with companies extract the easy oil first and after that drawing oil will become harder and…

Pros and Cons of Fracking Grandriver Getty images.com By Daniela Bobadilla, Christopher Gleason, Irvin Casillas Fracking is just another way of saying hydraulic fracturing, which is the process of cracking through sentiments (hence fracturing) to make harvesting resources such as oil more accessible. The fracking process uses pressurized water with a combination of other materials to penetrate into said sentiment. In the late 1940s, engineers used fracking to increase oil production.…

US Oil Embargo Lifted- Is It A Big Deal The lifting of the oil embargo is the Silver lining, which will encourage the Shale oil drillers to continue pumping at rock bottom prices. The possibility of better times in the future will encourage them to cut costs and survive the current crisis. There are a number of questions associated with the lifting of the ban, who will benefit from this? Will gasoline prices rise at the pump? Who will buy from the US when there is so much of supply glut in…

THE END OF OIL The featured article “The End of Oil,” the author, Alex Kuhlman shows his opinion on the relationship between oil supply and demand. He claims that the speed of oil consumption has been becoming more and faster than we discover new oil since 1981 and the gap between them has been continuing to widen (Kuhlman, 2007). Kunlman (2007) gave evidence both from oil demand and supply aspects to illustrated the imbalance which would cause a big trouble. The consumption of oil in the…

1.Introduction The oil price fluctuates constantly,and recently it has decreased globally,investors are no longer willing to invest in expensive oil, including the U.S. shale oil, deep sea oil and heavy oil. A low oil price has a significant impact on the world both politically and economically. The impact on different countries can be diverse.The influence on countries is always divided into two types,the developing countries and developed countries,the importing countries and exporting…

Through history, the United States went through a series of events that were fluctuating between good and bad. The United States shifted from the expanding welfare state in 1960s to neoliberalism in the 1970s and 1980s through neoliberal policies. This shift was purely bad because it affected the nation negatively. Neoliberalism is an economic and social theory that free markets and free trade is the best way to structure society. This means reducing society to no regulations and privatization…

Hometown of Laura Bush (former First Lady of the United States) is the one and only, Midland, Texas. The “Tall City” is twenty miles northeast of Odessa and thirty-nine miles southwest of Big Spring. Its exact coordinates are 31.9973° latitude and -102.007911° longitude and it is located in the Mountains and Basins region of Texas. The average annual high temperature is 80°F and the average low is 50.9° F. Midland gets 14.9 inches of rain and two inches of snowfall on average annually. The…

One of the main factor that drove US foreign policy between 1877 and 1973 was the United States’ desire to become a global power. Evidence of such yearning for power is seen throughout history. There were some great, but also not so great, measures taken by the U.S. between this time period to make the country a world leader. On May 6, 1882, the Chinese Exclusion Act was signed by President Chester Arthur to forbid Chinese immigration and citizenship. The Chinese were not allowed to migrate to…

In his film, Missing (1982), director Costa-Gavras documents the disappearance/death of US citizen Charles Horman (John Shea) during the 1973 military coup in Chile. In doing so, Costa-Gavras’ film offers a realistic portrayal of the US government’s involvement in the coup through a documented account of their failure to protect their own citizens. He accomplishes this by having the film follow the emotional journey of Charles Foreman’s father, Ed Horman (Jack Lemon), who represents the…