Oil

Declining Oil Prices The current price of crude oil as of July 7, 2017 is $44.23 per barrel (Macrotrends). Oil prices are currently at a six-month low due to reports of increased gasoline stockpiles and decreased demand in the summer season (CBC News). Canada is among one of the world’s largest energy producers due to its large supply of oil reserves. When oil prices are rising, our country’s economy experiences tremendous growth and the stock market rallies. The decline of oil prices since…

There are many conflicting opinions whether the development of the oil sands in Canada should proceed or whether it should slow down on any plans to move forward. Although both arguments have valid points, when it comes to educating the general public, the results depend on who presents their argument in a more understandable and convincing way. I found that between the articles Why Canada needs to develop the oil sands and Stop Oil sands expansion, says Canadian and U.S. Scientists. The former…

to environmental problems caused by oil palm expansion. Through an external consultant, WWF-Switzerland explored the chances of a private sector partnership for setting a sustainable palm oil standard. In 2002, the meeting attended by representative from retailers, food manufacturers, palm oil processors and traders, financial institutions and WWF-Switzerland was finally held in London. At this meeting, agreement on the objective of promoting sustainable palm oil was achieved with regards to the…

Oil conflicts has been caused by many reasons in many counties. Interstate conflicts, intrastate conflicts are two of the main oil conflicts happening around the world. As confusing it may sound, because they both sound fairly the same. Intrastate conflicts are issues happening within a state, another term for intrastate conflict would be civil conflict. For example, the American Civil war was a type of intrastate conflict, the whole war was in the United States and only involved American troops…

Additionally, to date, the incident is the largest oil spill disaster in US history and resulted in astronomical environmental fines and a damaged reputation. From the onset, BP was unwilling to phantom that an oil spill would happen, and if it did the company thought that it was prepared to deal with it. However, after the oil spill it was apparent that the company lacked an effective disaster strategy. Thus, communications and bad management led to the BP oil spill, three were three companies…

there's something to be said about the power of essential oils. Essential oils aren't typically heralded in the commercials, but they can stimulate healthy hair growth on their own. If you're looking to speed up the process and get your hair to look like Rapunzel's, you might want to head to your local organic market to find these top ten essential oils. 1. Coconut Oil Coconut oil is probably one of…

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…

Lorenzo’s Oil In the Lorenzo’s Oil, a boy named Lorenzo is diagnosed with Adrenoleukodystrophy (ALD). ALD is a genetic disorder that affects 1 in every 18,000 people. It mostly affects boys. The disorder destroys myelin, which is the protective part of the brain that surrounds the neurons. Lorenzo’s family had courage and persistence which inspired me. Michaelia shouldn’t feel guilty that it was her genes that caused Lorenzo to have ALD. I believe that everyone needs people to help them at…

Exporting products is truly beneficial for every country's economic development. Canada having the third largest volume of oil reserves in the world, export oil through pipelines by transporting it over long distances (Asia Pacific, 2010). Recently, eight major pipeline projects are being proposed in Canada to transport increased oil production to the market (Joseph et al., 2015). Many economists saw these projects as something that would provide economic benefits to the country such as…

Economic problem to be studied The crude oil price has been very volatile during the past several years due to the overproduction and an increasing inventory for major economies. It is very hard for the main crude oil producers to reach an agreement to cut global production all together, so the price reached a historical low level during 2015-2016 (Breul 2016), and to this day the oil price is still at a low level compared with decades ago. Since crude oil is a very important part for many…