Price of petroleum

peak oil at a worldwide scale effects the population economically, socially and environmentally. The economy is growing exponentially in conjunction with the population. If the population grows and the economy does not, this leads to recessions and price inflation. Oil has kept the economy growing with billions of barrels increasing output every consecutive year. If oil production decreased and population continuing to grow exponentially, then industrialised countries may not be able to offer…

Every aluminum can to every plastic bottle recycled reduces natural gas and oil consumption. Almost all tires produced in the United States are synthetic rubber which is a petroleum based product. Every tire created consumes around seven gallons of oil. The world creates over a billion tires annually. Around 240 million of those tires end up discarded into landfills across the country. While programs exist to recycle these tires…

The Keystone Pipeline is a Legitimate Issue and Should Not Be Approved The controversy surrounding the Keystone XL Pipeline proposal steams from very legitimate concerns. While the issue has attracted support from some parties, it is apparent that many, including environmental activists, civilians and politician have strongly opposed the move, but the big question is, what are the specific reasons is in all this? According to Natural Resource Defense Council, NADR a New York based…

disruptions. There is an estimated amount 2,500 polar bears living in and around the ANWR. While oil development could impact their behavior, studies have shown that polar bear populations, located near drilling sites have grown over periods of “petroleum development” and are relatively unaffected by human disturbances.…

Fracking for Freedom The United states has been feeling the squeeze for natural resources and domesticated production of products over the last few years. (“Dimick”) With gas prices rising and the threat of pollution in the air the people have been looking for alternative solutions to the problems facing us today. Over the last decade or so a new trend in the way we extract our natural gases has gained popularity. Hydraulic fracturing better known now as “fracking” has become the most…

have a current ratio of two (YCharts). Secondly, major implications can arise from a high debt to equity ratio including their cost to borrow money will go up dramatically because they will be seen as riskier. This, in turn, will drop their stock price as their debt to equity becomes higher. Also, when investing in a company, many people look for a company with a ratio of .3-.6 (Investopedia). Finally, the return on assets for Exxon was better for investors because Chevron had a negative net…

P&G brought in Polypropylene to replace Polyethylene for the back sheet from the chemical industry. Two American chemists working for Phillips Petroleum of the Netherlands, Paul Hogan and Robert Banks, invented the material in 1950’s. Polypropylene is similar to its ancestor, polyethylene, and shares polyethylene's low cost, but it is much more robust and can be blow moulded. More importantly, it provides a cloth like look and a softer and natural feel that mothers demanded. It provided the…

Using gas prices, sales, and station affiliations, and data on BP’s ad spending, the researchers reached a troubling conclusion: consumers did ‘punish’ BP temporarily following the spill, but that punishment was ‘significantly reduced by pre-spill exposure to BP advertising during the ‘Beyond Petroleum’ campaign years’ (Frick,…

I just thought I was in a dream. Is Texas near a seismic zone? Again, I heard my cousin, a petroleum engineer, talk about the hydraulic fracturing which causes the frequent earthquakes recently. hydraulic fracturing, or fracking, is widely used by the oil and gas companies in Texas and Oklahoma to produce oil and natural gas. Although hydraulic fracturing technology successfully reduce the price of energy, the scientific evidences show that it relates to frequent earthquake and water…

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 current and the…