Oils

Oil has been a vital part of everyday life for decades. It is our main source of fuel in automobiles and other machinery. Oil has its benefits, but people seem to ignore the process of acquiring oil. Oil drilling is a dangerous and risky process. It runs the risk of contaminating the surrounding water and harming the organisms that live in it. The process also emits large amounts of carbon dioxide into the atmosphere. The Deepwater Horizon Oil Spill, better known as the BP oil spill, was a prime…

other Western nations endured a severe oil shortage, due to an embargo set by the Middle Eastern nations. These Middle Eastern nations controlled the oil company known as OPEC, which helped supply many Western nations their oil. OPEC, or The Organization of the Petroleum Exporting Countries, was formed by the coming together of all the Arab countries who were infuriated at the fact that Palestinian lands were taken and used to create Israel (OPEC States Declare Oil Embargo). Other events took…

Unocal Oil Company of California (Unocal) was founded in 1890, and has developed into a full service oil business in 1990’s. The services include extraction, refining, distribution, marketing, and retail. In the United States most of the oil fields were almost depleted, so Unocal turned to foreign investments focusing on presenting the fact that they had expertise in all aspects of oil and gas production to the governments. “One of the international projects that attracted the company’s…

Production of soaps and detergents for oil spill cleanup With another catastrophic oil spill hitting the coast in the last 50 years an environmental group has volunteered to help clean up the spill, specifically to use on affected birds. With environmental concerns in mind, tasked was to create an environmental friendly soap or detergent sufficient enough to clean up the mess left behind. In addition to the creation of soap for the purpose of cleaning, needed was a soap or detergent that would…

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…

Standard Oil Court Case In 1911 the biggest oil industry was being tried for going against the Sherman Antitrust Act. The Sherman Antitrust Act is a law forbidding contract, trust, or conspiracy in limitation of interstate and foreign trade. The case was between Standard Oil of New Jersey and the United States. The United States Supreme Court was the one trying Standard Oil. In the court case the actions of Standard Oil and the owner John Rockefeller were being reviewed. These actions are what…

An oil spill is a global challenge facing by oil producing countries in the world, it causes immediate and long-term effect on the environment. The effect of oil spill on the environment is very deleterious most especially in the oil producing communities and it is a big threat to the survival of the ecosystem which is the major cause of unrest between the oil producing companies and the host communities mostly in developing countries where there is no or little awareness of environmental…

influence significantly on how the company operates and the demand for the products in this industry. For example, there are increasing awareness on more friendly fuels such as natural gas and reducing in the usage of “dirty” fossil fuels such as coal, oil sands, and shale gas. Besides, the cost of labour will increase due to less-willing and smaller workforce caused by the ageing population (Bargorett & Williams, 2014). Different management strategies are used such as hiring older workers to…

Oil Spillage A devastated man-made environmental disaster is an oil spillage in the ocean . An oil spill is a release of a liquid petroleum hydrocarbon into environment due to human activity like boats above oil pipes or rigs and its a form of pollution. Other form of oil spillage is marine oil spillage ,where oil is release into the ocean or coastlines. Oil spills is a release of crude oil from tankers, pipelines offshore platforms,drilling rigs. Spills may take months or years to clean up…

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…