Oil

In 2010, we were in the midst of the British Petroleum gulf oil spill. Close to 60 days into the fiasco, there had been no mention of FEMA (Federal Emergency Management Agency). From the title of this government agency, one would think it would be involved. This is a demonstration of what is wrong with our humble, bloated government. Watching news reports on the oil spill, one saw many branches of government flailing around doing what? Why were there so many flailing, ineffective operations…

What if people were fish and someone put oil in our homes? When the oil went into the water, all the fish and other sea creature’s home were ruined. Does the Gulf oil spill affect humanity? Is the Gulf oil spill harmful to the water that we drink today? The Gulf coast, marine life, and human communities were all affected by the oil spill. To people who experienced the oil spill, they know that it is one of the most tragic oil spills in the history of the United States. There were cameras…

animals. Soaked head to toe, in thick black pollution. Dying. Why? Because a large profit oil company, decided to cut costs. Because they were more concerned with money lying within the waters, than the animals who call them their home. A selfish act, some would say, is what took place at BP. An issue that started off local, but lead to global repercussions, the “BP Oil Spill”, better known as the Deepwater Horizon oil spill, began on April 10th, 2010, and lasted until September 19th, 2010, when…

Around the world, there are multiple oil spills each day. These are generally too small to do much damage, but eventually, there is a large one such as the BP Oil Spill that can devastate entire ecosystems. Oils spills such as these often leave the large question of who is responsible, or who is to be blamed. While some of the blame should be put on the company in charge, a large amount should also be put on the companies on the inside of the job that made the spill possible. Due to the fact…

Final Paper On April 20, 2010, an oil spill on the drilling rig Deepwater Horizon took place. To date, the oil spill is the largest in history, and was caused by a multitude of factors. In February 2009, British Petroleum (BP), proposed a plan to drill in the Macondo well to the Minerals Management Service (MMS). The Macondo well is off the coast of Louisiana, in the Gulf of Mexico (http://www.eoearth.org/view/article/161185/). BP was looking to expand their oil drilling, which was the…

The world economy has witnessed four bouts of oil price shocks in the last thirty years from, 1973-74, 1979-80, 1990 and early 1999. Oil price riseproduce cost-push inflation that leads in fall in output and shifts in the terms of trade. Impact of Oil price shock on other commodities may lead to hoarding of commodities and produces cost push effect whose impact is felt after completion of production. Theoritical research concludes with the fact that oil price shocks lead to increase in wages and…

United States, once the world’s largest producer and still its largest consumer, must import half of its oil supply, weakening its overall strategic position and adding greatly to an already burdensome trade deficit – a precarious position for a great power” (Yergin 14). So said Daniel Yergin in the prologue of his 1990 bestseller The Prize: The Epic Quest for Oil, Money, and Power. Today, oil retains its importance in the hydrocarbon societies of developed and developing countries as a major…

Coal Oil Point along the California coast releases and estimated 2,000 to 3,000 gallons of oil into the Oceans each day, according to livescience.com. The BP Deepwater Horizon catastrophe in 2010 spilled 205.8 million gallons of oil and 225,000 tons of methane into the Gulf of Mexico, proven by biologicaldiversity.org. An oil spill is the release of a liquid petroleum hydrocarbon into the environment, especially marine areas, due to human activity, and is a form of pollution. Since so much oil…

Background The oil crisis began in October 1973 when Arab oil producers imposed an embargo. As a result the oil prices rocketed from $3 per barrel to $12 by 1974. This disaster was followed by the second energy crisis in 1979. At that time Pierre Wack (1922-1997) was an unconventional French oil executive who developed the scenario process. His success in scenario planning enabled the Royal Dutch/Shell oil giant to anticipate both of these oil catastrophes. Why scenarios Pierre Wack agreed that…

The 2010 Deepwater Horizon oil spill affected the lives of humans and wildlife in the region. Clearly BP, Transocean, Halliburton and the government fell short of their corporate responsibilities. First and foremost BP's reputation in the last 10 years has been severely marred and tainted. It is has been reported that Halliburton was aware that the cement mixture that was going to be used to seal the well did not pass inspection (NewsBasics, 2012). The test on March 8 proved that the cement…