Peak uranium

Apart from the weakness in oil and gas prices, Royal Dutch Shell (RDS.A) (RDS.B) has faced a number of challenges in the past year, which is why it has slumped close to its 52-week lows. For instance, the company has been forced to write-off $2.6 billion with respect to its exploration in Alaska and $2 billion for stopping the Carmon Creek oil project in Alberta, Canada. However, in my opinion, these write-downs are smart moves if we consider the situation unfolding in the crude oil market.…

2.1. Diversification Strategy Gazprom has been established in 1989, having a long tradition, natural resources, and experience lead Gazprom to the position of being the largest natural gas explorer in the world and one of the largest companies in the world. Gazprom’s position of being the leader among global energy companies is achieved through their strategic objective by securing reliable supplies, implementing sales markets diversification, scientific and technological…

Since the invention of modern technologies, oil is one of the most important source in this world. This is due to its variety kind of usage that will not only contribute to people but also towards any country that uses this source. For now, fossil fuel is widely being used as the primary oil in a lot of sectors such as transportation, production and manufacturing. As for that, we can conclude that fossil fuel is very important towards enhancing the growth of economy but with all of the…

Whiting Petroleum (WLL) Whiting Petroleum announced its third quarter 2015 results on Wednesday, 28th October. The company produced 14.8 million barrels of oil equivalent (MMBOE) at the average rate of 160,590 barrels of oil equivalent per day (BOE/d). The total production was 38 % greater than the third quarter production of last year. This production volume is without the 8,700 BOE/d of production capacity from the assets sold out in the second quarter of this year. Till now, the company has…

Kaushik Bhattacharya et al. (2001), studied about the transmission mechanism in petroleum prices on the prices of other commodities. 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…

British Petroleum referred today as BP has been a household name for many decades and has been in existence for over a century. BP has had its fair share of lawsuits and investigations stemmed form corporate fraud, environmental catastrophes, and ethical dilemmas in addition to the largest oil spill in the history of the world. At times during BP's history the company had failed to protect its stockholders, however, the energy giant became recognized as a leader for good practices in protecting…

CHAPTER 2 INCIDENT CHRONOLOGY The Chronology of the Exxon Valdez Oil Spill Incident The timeline of this incident will be based on the ‘National Transportation Safety Board Marine Accident Report’. In the year of 1989 of March 22 (11.35pm), the Exxon Valdez arrived at the berth 5, Aleyska Marine Terminal to load a cargo of Alaska North Slope crude oil. Figure 2.1: The Exxon Valdez (Shigenake, G. 2014) The total load of 1.3 Million barrels of oil took approximately a day to complete filling…

Today the world’s environment faces one of its largest problems: apathy. True, many people care about the environment, however the majority of the population lives a lifestyle that does nothing for the maintaining of the health of the environment. Sadly, many Christians are included in this non-supportive majority. However, Christians specifically are called to do more than just support the health of the environment, they are called to improve the health of the environment. By working to change…

Oil prices around the world are decreasing, and it may be cause for concern. While many consumers are pleased with this news, the oil industry is failing and it is having a devastating impact on oil producing countries. If oil prices continue to decrease and the supply of oil remains high due to dwindling demand, the effects can be detrimental worldwide. The factors that are affecting oil prices include a decrease in project investment, an increase in domestic supply, and the increase in usage…

Guess and Farnham discuss the demand curve in relation to whether a proposed program will be favored and affect the consumers’ willingness to purchase the output of the program. Willingness to pay issues complicate cost-benefit analysis and through surveying and hypothetical situations, the contingent valuation method is used. This method “is widely used in environmental areas, particularly to evaluate willingness to pay for nonuse or existence values of environmental goods” (Guess 325) and…