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    Crude Oil In The 1970's

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    work, and owning more than one car per household. During the 1950’s alone, oil consumption by Americans rose over fifty percent (Verrastro and Caruso). Moving into the 1970’s, crude oil production was big, but the demand was even larger. Following the start of the Yom Kippur war in the Middle East, many Middle Eastern countries declared an embargo on the United States, cutting all crude oil exports. During this embargo, oil prices soared as foreign production was slashed, and many gas stations…

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    palm oil plantations (“Palm Oil and Deforestation”). This is equivalent to the destruction of 300 football fields of forest every hour…

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    crude oil to get to the end product. Crude oil is basically fossil fuel that has been formed from dead animals and plants from millions of years ago. Engineers go through a process of locating where oil may be by using sonar. When they believe they have found an area that has this fossil fuel, they begin by drilling a hole and then pump the crude oil out to either a barge or into a pipe that goes directly to land. Once the crude oil makes it to the refinery, they begin to break down the oil…

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    Alberta Oil Sands

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    are the “largest oil-sand deposits in the world” (Pasqualetti 2009, p. 250). The Alberta oil sands provide a necessary resource that is valuable to the Albertan and Canadian economies. The oil sands have received ample attention in recent years from the media and from various environmental agencies and groups due to “growing concern about a range of environmental impacts” (Jordaan 2012, p. 3611). These concerns are not without merit, as the ongoing development in the Alberta oil sands pose a…

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    Palm Oil Research Paper

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    posses much knowledge on palm oil; such as the ways it affects one’s health and how it is produced. Even though most are unfamiliar with these aspects of palm oil, they are most likely well acquainted with it and use it on a regular—if not daily— basis. Palm oil, although present in many everyday products, has immoral and unethical factors of production. Palm oil is a type of oil that comes from the fruit of palm trees. Many companies take advantage of the fact that palm oil is cheap to…

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    Hemp Oil Research Paper

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    Hemp Oil Benefits We Can Use Now Clothes and paper, much like Hemp Oil, were made from Hemp trees during the ancient times, but does it mean that hemp oil is safe and beneficial for our domestic usage today? Oftentimes shrouded in controversy because of its loose association with Cannabis species, Hemp Oil is indeed useful in human bodies. Straight off, the plant’s seeds that primarily form the basis in the extraction of the oil is rich in proteins, Omega-6, Omega-3, polyunsaturated fatty…

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    Fish Oil Research Paper

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    Constantly scratch, scratch, scratching dog? Old, arthritic, lifelong canine buddy? Have you tried supplementing with dietary fish oil? Just like for humans, fish oil is a highly popular supplement to treat a plethora of maladies. It has long been touted for its great ability to improve health and treat ailments in both humans and animals! Fish oil is used as a supplement for dogs to manage health issues such as osteoarthritis, canine atopy, and other skin allergies and diseases. In humans, it…

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    Shell Oil Case Study

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    Shell oil began functioning out of Nigeria in 1937 under the name Shell D’Arcy. Upon discovering the first commercial oil field in 1956 in the Niger Delta, Shell Nigeria began exporting oil in the year of 1958 and has been doing so ever since. At one time, oil exportation was seen as a way to transition from relying solely on the agriculture industry for exportation and move into what was thought to be the booming economy of oil. The locals of the Niger Delta area have experienced little to no…

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    depends entirely on their oil exports, therefore, it can be “profoundly affected by the impact of plummeting prices.” (Ortiz) The effect of these crisis can be felt by the Venezuelan students in the U.S. Ortiz states that “in the fall 2015 some 300,000 students were shut out of their universities, and many who were hoping to study abroad could not.” From the chart it can be seen that Venezuela sends around 7,890 students to the U.S. even though it’s export from the oil revenue is 97.7%. Why…

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    Oil plays an important economic and social role in Venezuela. The country earns $15 to $20 billion per year in oil revenues, constituting between 75 and 80 percent of Venezuela's total exports. Taxes, royalties and dividends from PDVSA represent roughly 50 percent of all government revenues. Oil activity directly and indirectly generates around 40 percent of national economic activity. (Giusti) The oil impacts on Venezuelas economy can be broken down into three concentric circles. The first…

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