Peak oil

Introduction: British petroleum is one of the world’s largest firms that deal with discovering and extracting oil, refining oil, and selling oil and gas. Since, these products are supposed to be provided to certain many consumers around the globe therefore, it incorporate with many people in the diverse societies along with the many of the diverse organizations with which it works. These incorporations require maintaining several many ethical and societal issues in relation to both the people…

Introduction For the past three years—due to the global surplus of crude oil production resulting in lower crude prices—oil & gas industry has become a dynamic marketplace and the constant drive for survival and excellence has put the companies on toes to modify their strategies for the next round of competition. Consequently, cost optimization is the near-term strategy in the whole oil & gas industry, and Qatar Petroleum (QP) is no exception. As part of cost optimization, QP examined all the…

The Crude Oil Market is a very lucrative market because of the fact that just about every nation in the world needs oil and its also a non-renewable resource making it scarce. Oil is a very profitable resource as well, and influential when it comes to the power of nations. Major players in this industry are those who were lucky enough to have been placed above large oil reserves. As of now many countries, including the United States can produce large amounts of oil, but yet countries like Saudi…

Oil drilling in environmentally sensitive areas is a very controversial topic. Oil is very important and we depend on oil for many daily uses. Although we have developed other alternative sources of oil, such as solar power, solar power only operates when receiving power from the sun. People depend on oil even with the use of solar power. The use of oil has been the number one source of energy since the early 1900’s. People generally do not realize how much they truly depend on oil. Without the…

New York-based rolling paper and CBD oil company Hemp Americana has announced a critical shareholder update as it has recently made a major addition to its Portland, Maine facility. Hemp Americana wishes to report details related to its recent move to sharply reduce outstanding share count, as well as plans for a major strategic revival of its online presence and sales channels. The reduction of 2.25 billion shares will lower the count down from 6 billion to 3.75 billion, which they tend to…

Colombia is a Spanish speaking nation, located to the South of Venezuela. Colombia, as of 2016, has a population of 48,481,028 people. The Official Colombian currency is the Peso. The Peso is worth a miniscule 0.051 American dollars. Colombia’s main export is petroleum, with coffee and coal not far behind. Colombia’s main imports are most mechanical, and technological products. The United States, the main trade partner of Colombia provides most of these imports. The capital of Colombia is Bogota…

The impact of environmental change on the automobile industry has been significant and widespread. There has been widespread and fast changes in the environment in the past decade which is causing the need for the executives and leaders of auto makers to be cutting edge in their decision making and the pace at which there companies innovate. In the past the business model was clear and the companies felt safe with no direct completion. With the advent of global and international commerce the…

Texas either receives or loses. Furthermore, Hager is also a tax collector for the state of Texas and is a Republican candidate in the Texas State Senate. Hager then started to talk about how the lowering gas prices effect Texas. He claimed that the oil and gas industry in the state of Texas is thriving. For example, Texas has a 9.6…

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…

Hydraulic Fracturing Because of recent technological advances in energy exploration, petroleum engineers have been able to implement a new and effective way to extract oil from the ground. The hydraulic fracturing also known as fracking is used in nine out of 10 natural gas wells in the United States with the purpose of extracting oil and natural gas (Freeman, 2014). Fracking is a drilling method, and consists of special ground stimulating techniques that can be vertical, horizontal, or in…