Natural gas prices

Strengths Direct Energy is considered as the largest retailer of energy and energy services in the North American region. This competitive advantage makes it easier for the company to have a positive result of operation because of the large number of customer base. Based on its website, Direct Energy has more than 6,000 employees that cater to the needs of its vast operation in North America. Currently, the company provides services to over five million homes and business…

the Oil and Gas Industry remains positive. The industry continues to bring hundreds of jobs into the immediate area that in turn greatly stimulates the local economy. Not only does the community benefit by the addition of new jobs, but it has also been improved by the increase in need for housing, restaurants, stores, and so forth. Local businesses including construction, real estate, and retail establishments all experience a direct increase in revenue attributable to the Oil and Gas Industry.…

The 1900s drove to create 15,000 oil companies when the first discovery of oil was found in texas.There were a lot of good things that happened because of this discovery of oil. Like work with higher pay for everyone if you knew where to look,better football teams, and growing universities.There where bad things that came from the discovery as well, such as, the divorce rate in Ector texas where oil was discovered, was 23 times the amount of the national average.Oil was a way of the future with…

On April 20, 2010, the Deepwater Horizon oil rig in the Gulf of Mexico exploded, killing 11 people. As a result of this explosion, the BP pipe had leaked oil and gas on the ocean floor approximately 42 miles off the coast of Louisiana. It wasn’t until almost 3 months later, when the Macondo wellhead, that is located 5,000 feet beneath the ocean’s surface, was able to be capped off. However, by this time an estimated 3.19 million barrels of oil had already leaked into the Gulf, noting this to be…

In “The Pipeline Revolution” by Gerald Manners, he discusses how pipelines have completely changed the way that energy and gas is transported. However, the expansion of pipelines around the globe isn’t just limited to water and energy, it has meant expanded to a larger range of commodities such as chemicals, milk, and coal slurries. The rise of pipelines has been made possible by technological advances such as the cheap production of pipes, electric welding, and improvements in pipelaying.…

was just not the same causing the prices of oil per barrel to skyrocket (Britannica Staff). This became a problem within the energy crisis since the majority of people living in the United States of America depended on oil for different uses like transportation, fertilizer, and other things commonly used here in the United States. Also, it didn’t get better with the Iran-Iraq War following shortly after because the prices of oil didn’t stop increasing the prices just kept going up (Britannica…

prior to the Deepwater Horizon incident. Failing to meet regulations the cement would be more prone to cracking and causing other parts of the rig to break and eventually end up exploding. Safety is a big part of these oil drilling plants, working with gas can lead to large explosions that harm the environment and should be protected by stricter regulations.…

Chevron/Texaco is responsible for one of the worst toxic chemical spills ever. Oil and drilling byproducts were dumped into the area near the city of Nueva Loja over a span of 21 years, resulting in many environmental and health problems. It all started with oil drilling in the Lago Agrio Oil Fields of Ecuador. After their establishment in Ecuador in 1964, the Texaco oil rigs began wreaking havoc on the local communities. (Amazon Watch, 2013). Texaco, as well as the prominent Gulf Oil…

Did you know that at one point, the United States had a fear that they would run out of natural gas? Roughly a decade ago, industry analysts and government officials became worried that the United States would run out of natural gas, a source of energy in the states. A solution to this predicted problem would become hydraulic fracturing, also known as fracking. Developed more than sixty years ago by George P. Mitchell, fracking is the process of pumping millions of gallons of chemically treated…

that? Well, hydraulic fracturing, or the so-called fracking, is the process of drilling down into the Earth, then using high pressure water to break open the rocks, to release the natural gas inside, but there’s a problem. Water, sand, and chemicals are also injected along with high pressured water into the rocks. The gas comes right out of the head of the fracking well, but where do the chemicals and contaminated water go? It goes into underground water, lakes, rivers, etc.. What happens next?…