Oil Crisis Essays (Examples)

Oil Crisis of 1973 Its

This was good for those that felt OPEC was getting too strong because these changes would have been very difficult to make had the embargo and the oil prices not become such an issue (Reid, 2004).

Many countries begin to look for alternatives to the supplies that they were getting from Arab nations and in the years immediately following the embargo many efforts would be directed at the promotion of production and exploration in areas such as Alaska and the North Sea (Reid, 2004). The energy information administration indicated that the world oil production share that was generally provided by OPEC declined by approximately 25% between the years 1973 and 1985 (Reid, 2004). In the United States, the consumption of gasoline increased between 1970 and 1973 by 15.2 billion gallons (Reid, 2004). One estimate indicated that over 90% of Americans were taking vacations in their cars and averaging over 2100…… [Read More]

1970's Oil Crisis the 1973

Throughout the United States, schools and offices often closed down to save on heating oil, and factories were forced to cut production and lay off workers (1973 pp).

A national speed limit of 55 miles per hour was imposed to help reduce consumption, a law that was not completely reversed until 1995 (1973 pp). Year-round Daylight Saving Time was implemented, and at 2:00AM local time on January 6, '974, clocks were advanced one hour across the nation (1973 pp). However, this move sparked much criticism because it forced many children to commute to school before sunrise (1973 pp). Thus, the clocks were turned back on the last Sunday in October as originally scheduled, and in 1975 clocks were set forward one hour at 2:00 AM on February 23 to accommodate the children (1973 pp). The pre-existing daylight-saving rules, calling for the clocks to be advanced one hour on the last…… [Read More]

Oil Dependency & Solutions Problems

Much oil is also used for heating, especially during winter. Therefore, new commitments toward researching, developing, and making available, on a large scale, alternative sources of heating must be made, and this time kept, as well.

Conclusion

To try seriously, however, to identify and describe one core "solution" to oil dependency; that is both untested and would nevertheless work, in this author's opinion, is (and especially given even the current extent of research and understanding into the gnarly depth of the problem and its myriad continuing causes) not only a fruitless exercise, but extremely naive. Instead, the answer lies in not one solution but combinations of many: starting with will; and continuing (perhaps indefinitely) with persistence, patience, personal and public sacrifice; and a loss of national hedonism; self-centeredness; arrogance, and a sense of personal and national entitlement. All of this, in combination, albeit gradually, could still, if the will were…… [Read More]

Crisis Economics by Nouriel Roubini

These funds are now removed from the banking system. Keep in mind that banks use every dollar on deposit to create many more dollars worth of loans, the hit to the banking system and by extension, to the money supply is something approaching 25 to 30 billion dollars. This was a global phenomenon, as the crisis arises interest rates are slashed. So hence, by 2008-2009 the Federal Reserve, Bank of England to many others have pushed interest rates close to zero. He also explains how major players like Mr. Bernake and the Treasury Secretary Henry Paulson affected the crisis and how the steps and how they have left their mark on this financial crisis. He also contends that all crisis have an ebb and flow in their severity and rarely hit once and subside. He vilifies our toxic waste method of having recourse to non-recourse government loans and in the…… [Read More]

Oil and Religion Europe in

Similarly, while the arrangements made by the British lasted a relatively short timeframe, the dividing up of land necessary to mark off territory for such constitutional authorities had a more permanent effect. In Iraq, for example, the grouping of ethnic Kurds with Sunni and Shi'a Arabs within the same monarchy territory proved disastrous, as continuing ethnic strife led to the eventual dissolution of the state and the rise of events leading to the wars of the last decades of the 1900s and the first decade of 2000. The establishment of Palestine, and the subsequent favoring of Jewish immigration to the region, leading to the establishment of a Jewish state following WWII and the Holocaust, placed people of distinctly different belief systems and ethnic grudges in close proximity together (Grenville, 428-429, 431-437). This pattern of drawing up of territorial arrangements that suited the British interests rather than accounted for Arab differences…… [Read More]

High Oil Prices and Effect on the

High Oil Prices and Effect on the Economy

Global oil prices have maintained a creeping trend since 2004, following the 2001 initial oil crisis (Pahl & ichter, 2009). The increase in oil prices and the expected further increase in the future pose a serious threat to the stability of the global economy. This study looks at how high oil prices affect the economies of both developed and third nations, which makes them remain vulnerable following an unstable period of fluctuating oil prices. It draws and contributes to the existing literature carried out by researchers globally. This study is based on the most recent dynamics of high oil prices and the effect on the global economy. Oil is a significant factor of production in many countries; the fluctuation of its price to a high level has a significant negative effect in the growth of global economy.

High oil prices and effect…… [Read More]

Influence of 2007 Economic Crisis on American Car Market

2007 Economic Crisis on American Car market

Effect of the 2008 global economic crisis on automotive industries

Crisis in the United States

Crisis in Canada

Crisis in ussia

Crisis in European markets

Crisis in Asian markets

Effects by other related crisis events

In this paper, we will review the effects of 2008 global automotive crisis. Our main focus will be on the American car manufacturers and the negative impact they suffered due to the crisis. We will also have a look at how this crisis had affected car manufacturers in other major markets around the world notably Europe, Canada and the prominent Asian markets such as China and India. Finally, we will look at some of the other factors which were important to this event namely the energy crisis since the cost of fuel is directly related to the car industry.

Introduction

The automobile industry is a very important part…… [Read More]

Asian Currency Crisis the Objective

Resulting from the devaluation of China's currency was an exacerbation of problems throughout Asia.

VII. 1995-96 -MINI-RECESSION, DET PROLEM, ACCUMULATION

In the summer of 1995, the reversal of the chronic weakness of the dollar resulted in the depreciation of the Japanese yen, which had been approaching an acute deflationary crisis with a steep fall in the stock market. (Makin, 2000; paraphrased)

VIII. 1996-97 - DET / FOREIGN EXCHANGE, RESERVE RATIONS DETERIORATE

The work of Williamson (1999) entitled: "Implications of the East Asian Crisis for Debt Management" relate that a countries debt can be viewed from four different external perspectives in terms of debt composition which include: (1) FDI; (2) Portfolio Equity; (3) Long-term loans; and (4) short-term loans. This is the ideal composition of a countries debts however the debt profile of countries in East Asia are known to profoundly differ from the foregoing profile in that they had too…… [Read More]

Party's Over Oil War and

I think that people think what they do does not make a difference. However, if enough people do it, then it could make a difference, and make people more aware of alternatives at the same time.

I feel the current political policies, for the most part, are critically flawed and need to be radically reformed. In fact, I think many politicians have their heads in the sand over this issue, and need their attitudes totally readjusted. I just read an article online that the Nevada Legislature wants to rescind a law giving "green" builders tax breaks, because it could cost the state too much money (Bellisle). This seems extremely short sighted and backward to me. It is a time when we should be encouraging the use of alternative power and building methods, rather than rescinding tax incentives. That is just one reason I feel the current political policies are fatally…… [Read More]

Oil Industry Background and History

While oil is a valuable resource,

Like... The river it is also a curse. Its flow is inconstant. In drought years, the supply of water falls; in other years, floods can take their toll, leaving death and destruction in their wake. It can become polluted, causing both health and economic problems for its users.

Davis J.)

The above analogy highlights some of the essential features of the modern oil industry and the way that it affects world economies. Oil is essentially a limited commodity as well as being a vital resource for the international economy. As such it is also affected by a range of different variables; including politics, international affairs, fluctuating market prices, environmental concerns and other factors that all combine to form of complex picture of the industry in relation to the international community.

One of the central features of the contemporary oil industry is the problem of…… [Read More]

Crisis Risk and Security All Play a

crisis, risk, and security all play a role and are linked within an organizational context. It is also important to examine the role gaming and simulation play within this phenomena. In the past, risk was established as an idea that generated academic interest not just in social sciences but in pure sciences. It also has become subject to overzealous social and political controversy. isk management has then become the main source of debate as well as theory development (Borodzicz, 2005) As risk can appear within anything from public safety, to transportation, and health, businesses must learn an effective way to manage it. Security management however, has less developed theories and debates but still plays a vital role is lessening risk and increase proper risk management. It is then crucial to understand how both play roles in the stability and safety of any organization.

In John Adam's isk at the beginning…… [Read More]

Oil and Gas Industry

structure o the global oil industry b. The structure of the global gas industry.

The integrated oil and gas companies (IOCs) are vertical, tall, or centralized structures where producers refined 100% of their production and then marketed refined products through their retail outlets. Production and distribution was downward. Today many of these IOCs combine verticality with a certain horizontalness with many spreading their tasks over various fields and involved in various simultaneous activities. They operate in many segments, whilst also buying and selling oil and gas to and from other firms. The companies are therefore centralized around a certain core management with specialists in each field clustered in tiers underneath.

The vertical structure denotes uses a hierarchical structure with downward directives and management span of control where underneath tiers are controlled by and responsible to upper levels of management. Again, each of the firms demonstrate this vertical structure in diverse…… [Read More]

Oil Firm Industry Analysis

price of oil has fallen from around $120 per barrel about a year and half ago to around $50 per barrel. This has resulted in a sharp fall in revenues for all oil companies and specially the smaller companies that have a limited cash or revenue reserve. IN this condition this paper studies the possible strategies that can adopted by smaller oil companies to tide over the situation.

For this study we take the case of BNK Petroleum. The study reveals that the company expended more than three forth of its revenue of exploration which was one of the major causes of losses. It was recommended that the company should reduce its exploration expenses and look to venture into new markets of South America and Africa. To enable financing of marketing expenses in these markets, it has also been recommended that the company dilute some of its equity. To further…… [Read More]

Crisis of Islam Holy War Unholy Terror

Lewis' the Crisis of Islam

On page 160 of The Crisis of Islam, Bernard Lewis states, "There is no doubt that the foundation of Al-Qa'ida and the consecutive declarations of war by Usama bin Ladin marked the beginning of a new and ominous phase in the history of both Islam and terrorism." Indeed, based on the historical outline of Islam that Lewis provides, the new and ominous phase applies equally to non-Muslim cultures. The Crisis of Islam examines the origins of Islamic fundamentalism and its deadly application as terrorism. The September 11 attacks made Americans more conscious than ever about the threat of anti-American sentiment, a threat that existed far before Al-Qa'ida. In his book, Lewis offers several insights into Islam's current social and political crisis. First, the author describes the flourishing of Islamic culture, noting in particular its theocratic foundations. The theocratic foundation of Islamic culture and religion allow…… [Read More]

Oil and Gas Industry in

A large body of literature has treated many different aspects of these influences on Asia, Europe and the United States (Busser & Sadoi, 2003). The importance of the study relates to the current trends taking place in Libya where aggressive steps have been taken in recent years to normalize relations with the international community. For example, Libya opened up its programs to develop weapons of mass destruction to international scrutiny and renounced terrorism as a political tool (Libya, 2010). Moreover, the country's political leadership has been equally forthcoming in its efforts to normalize their relations with Western nations since 2003 (Libya, 2010). More recently, Libya has been removed from the U.S. State Department's list of states that sponsor terrorism in 2006 and in 2008, Libya joined the United Nations as a nonpermanent member on the UN Security Council during the 2008-2009 term (Libya, 2010).

Other signs that clearly point to…… [Read More]

Business Crises Evaluation

Crisis Management

Argenti raises many sound points regarding the proper protocol during crisis management. The bulk of chapter ten demonstrates a sound understanding of how crises unfold, and how every crisis is different. While this is true, there are still strong areas of overlap among crises. "Few circumstances test a company's reputation or competency as severely as a crisis. Whether the impact is immediate or sustained over months and years, a crisis affects stakeholders within and outside of a company" (Weiner, 2006). In such a case, clients cancel orders and cancel subscriptions. Employees start asking questions or worse, quitting. Competitors start circling like sharks and government agencies and other regulators often start knocking, with attorneys at their heel (Weiner, 2006). Given all the aggravated circumstances connected to a crisis and the variety of ways that any potential crisis could be handled, Argenti makes a continually strong and pervasive argument about…… [Read More]

Korean Financial Crisis in the Late 1990s Lesson for Current Euro Area

Korean Financial Crisis in the Late 1990s: Lesson for Current Euro Area

The objective of this study is to examine what is unique or different about the Korean financial crisis as compared to other Asian financial crises and to determine the primary causes of the financial crisis in Korea. This work will further examine the government response to the crisis and what it is that can be learned from the Korean financial crisis and applied in Korea to the Euro Area.

The major components of the Korean financial system in the 1960s and 1970s are stated in reports to have been nationalized with "lending targeted toward favored sectors and firms including the exports and heavy industries. (Jeon and Miller, 2005) Regional banks came on in 1967 and could only operate in their own provinces, which provided encouragement for development that was regionally-based. In the early 1980s, plans were made for…… [Read More]

Difference Between Crises and Disaster

Crisis and Disaster

The running of any Government, Community, Society or even an Organization for that matter is, no doubt, a very complicated matter. The main reason for this complication is the many arrays of problems and situations that can arise and each one of them demands special attention to cater to. This makes the smooth running of any setup, then, a big challenge for the concerned authorities. However, this smooth running turn into more of a challenge in the face of a disaster or a crisis, which can completely turn the entire setup upside down.

Before an analysis of the Frontline Documentary "The Spill" can be presented, it is important that we understand the background of the event presented and the difference between crisis and disaster and how it ties up to the incident in question.

Merriam ebster defines Crisis as "A situation that has reached a critical phase"…… [Read More]

1973 Oil Embargo and International

9 times greater" than the daily average imported in 1973 (www.ecologicinvestor.com). The importation of oil is the "largest single component" in the U.S. annual trade deficit; the U.S. Bureau of Economic Analysis, quoted by Ecologic Investor, points to the trade deficit for the first 8 months of 2008 -- $281.14 billion. That translates to $4.21 billion annually (estimated).

Saudi Arabia needless to say generates a majority of its revenue from the exporting of petroleum; and while the U.S. trade deficit grows based on oil imports, Saudi Arabia accumulates a surplus, based on oil exports. And meantime Saudi Arabia and fellow members of the Gulf Cooperation Council (GCC) have been attempting to "promote higher levels of trade between themselves by removing barriers to the free exchange of goods, services and capital," but their efforts are being challenged by the lack of a "common external tariff" (Nations Encyclopedia). That goes to indicate…… [Read More]

BP Deepwater Horizon Oil Spill-April

However, this calmness did not translate into crisis management success. Although BP seemed to not be significantly affected by the situation, Hayward stated that the company was overwhelmed by the media attention. The former CEO blames the press for the image that the public has formed on the company in response to its handling of the situation.

The control that the company was supposed to reveal did not match the intensity of the crisis. BP did not show that it fully controlled the situation. The fact that the company tried to share the blame with the rig owner and the drilling company reveals the fact that the company was not in control of the situation. The numerous attempts and strategies that the company developed and implemented in order to stop or reduce the oil spill also prove the lack of control from BP.

The lack of control showed by BP…… [Read More]

BP Crisis

Evidence of this can be seen with the company being slow to provide information, on the total amounts of oil that are leaking into the ocean and the various restrictions that they have placed on media coverage. (Lack of Transparency Afflicts Oil Spill Response 2010) This problematic, because when there are restrictions and the company is slow to release information, it appears as if they have something to hide. At which point, the public will become furious with the company, from their perceived unwillingness to cooperate. This could have negative political fallout, as various Congressional Committees and regulators will demand all documents relating to the spill. Once this take place, it sets the stage for an ugly showdown with Congress and the White House. Where, they could seek to force the company to disclose more documents and engage in criminal investigations, as these actions give the appearance that executives are…… [Read More]

U S Dependence on Foreign Oil

In addition to energy crisis, an effect of U.S. dependence of foreign oil that many believe has already been exploited is the political affect. According to Feldstein, "the political leaders in the Middle East know that our dependence on their oil gives them leverage over our policies." Some believe that many of the United States' interventions in the Middle East have been in the name of oil. Many of these also believe that oil has been the cause of American deaths, domestic, and foreign policy concerning both oil and the Middle East. Further dependence on foreign oil, which is projected, can only further increase the effects of said dependence on United States politics, both foreign and domestic.

Finally, a third effect of the United States' dependence on foreign oil is economic volatility. Although gas prices have begun to go down, high prices during the summer of 2008, and in other…… [Read More]

Pacific Oil-Strategic Plan Pacific Oil Startegic Plan

Pacific Oil-Strategic Plan

Pacific Oil Startegic Plan

COMPANY BACKGOUND

Vision

Values

ENVIONMENTAL SCAN

IMPLEMENTATION PLAN-OGANIZATIONAL STATEGY

ISK Management PLAN

Monthly Monitoring

Accountability

esponding of isk management Process

Evolution of isk Management

Policies and Procedures

152011 Identified isks

isk Disclosure

Pacific Oil-Strategic Plan

This paper presents a strategic plan or Pacific Oil. The paper starts with organizational background consisting of business mission, vision and the corporate values. The nature of the business of Pacific Oil has been clearly identified with some highlights on the business divisions operating in the oil industry. An environmental scan has been performed in order to have a clear insight into the circumstances in which the Pacific Oil is operating. This environmental scan for Pacific Oil is accompanied by a SWOT (Strength, Weakness, Opportunities & Threats) Analysis. Strengths and weaknesses of Pacific Oil relate to internal organizational environment while opportunities and threats relate to external environment of…… [Read More]

Economics of Oil Today 90

(Drawing the Line on Energy) the newly emerging economies are also trying to find more and more oil for their economies to advance rapidly.

There is a lot of difference among the countries in terms of the amount they produce and in terms of the quantities they export. In terms of production the order is Saudi Arabia, United States, ussia, Iran, Mexico, China, Norway, Canada, United Arab Emirates, Venezuela, United Kingdom, Kuwait and Nigeria. In terms of exports, the order is Saudi Arabia, ussia, Norway, Iran, United Arab Emirates, Venezuela, Kuwait, Nigeria, Mexico, Algeria and Libya. It is clear that USA does not export as it consumes all the quantities that it produces. The need is for USA is to ensure that it gets all the oil it needs and that was probably the reason to attack Iraq. One of the persons contributing to that view was the Vice President…… [Read More]

Future Norwegian Oil and Gas

It was from this lesson that legislators began to understand the need to put away large percentages of their oil profits and to not depend so much on spending that cash flow.

After the recession of the 1980s, Norway drastically re-examined its oil policy from both a fiscal and regulatory perspective. Up into the late 1980s, "foreign oil policy followed what was called a 'purely commercial line.' That is, it was not desirable to declare officially that political evaluation were included in its design," (Austvik 1989, p.1). This lead Norway to be established as a "free rider" within the global oil market. According to research, "As a 'free rider' in the market, Norway was then also in the best possible position; she could increase her production and at the same time reap the price benefits deriving from other counties' production reductions," (Austvik 1989, p.1). The recession of the 1980s lead…… [Read More]

Cuban Missile Crisis

Cuban Missile Crisis

The reports of the arrival of missiles capable of carrying nuclear warheads to the island of Cuba. These warheads are capable of reaching almost any part of the continental United States. The presence of these warheads represents an escalation of the conflict with the Soviet Union and its allies, and it represents an existential threat to the United States. For the first time since the arms buildup between the U.S. And USS began, we are in a situation where mutually-assured destruction is a legitimate possibility. The response of the United States to this conflict represents the most significant challenge faced by President Kennedy to this point in his career, and it is imperative that he authorize the right course of action.

Situational Overview

May (2011) posits that Kennedy was aware of and had permitted the arrival of defensive missiles from the U.S.S.. To Cuba, and in fact…… [Read More]

Shore Oil Drilling Offshore Oil

The simple fact is this that the initiation of offshore oil drilling can be used effectively as a threat to lower the overall importing prices of oil from the Middle East States. The actual drilling, if looking at its impact internally, might or might not result in the actual decrease in gas prices or increase of alternative fuel and energy production. But in the recent times, the real reason for such a high debate on the offshore drilling aspect has been to use it merely as a strategy and a negotiation tool.

This approach and application of this strategy is something that neither I, nor people like who think that offshore drilling has more negative effects then positive, have a problem with. I do have a problem however with how offshore drilling is portrayed as the savior for the American dependency on foreign oil. Its like love is cast off…… [Read More]

Gas & Oil Shortage Oil

All these factors have added too many variables to the Middle East, an important region for crude oil production" (Xuequan, 2008).

4. Conclusions

The improved standards of living have contributed significantly to an increase in the population's demands. And to satisfy these demands, with the ultimate scope of registering higher profits, the American corporations have abused the natural resources and are now moving towards the resources in other countries. Two such vital resources are crude oil and natural gas. The situation of gas is quite stable, but that of oil is critical. Based on limited natural resources, a weakening American dollar, speculative operations on the international market, but also the regulations implemented by OPEC and the conflicts in the Middle East, the price of oil has sky rocked - and it is likely to continue its ascendant trajectory.

eferences

Leonard, a., 2008, the Story of Stuff, http://storyofstuff.ethicalbrand.org/last accessed on May…… [Read More]

Gasoline Prices -- Oil Issues

S. provided important intelligence from a spy plane (SR-71 Blackbird). Thanks to the spy plane pinpointing where the enemy forces were gathering, Israel could pound those forces from the air and in time -- thanks also to U.S. military equipment being shipped to Israel -- the war was won by Israel.

But the OPEC nations knew how much the U.S. depended on Arab oil supplies; as Rudiger Graf writes in the peer-reviewed journal Diplomatic History, the use of an embargo to punish America and the Netherlands was "…watershed in history, signifying the growing dependency of industrialized nations on foreign oil and a power shift in the global economy" (Graf, 2012, 185). The "oil weapon" had never been used by Muslim nations against the est, and the point was to for America and other "…economically powerful countries to comply with their political demands" (Graf, 185).

Meanwhile the embargo caused gasoline prices…… [Read More]

Asian Financial Crisis and How

Nevertheless, more crucial remained the truth that the dollar itself oscillated severely as against the yen that is another vital currency for carrying out business for the affected nations. The fading of the dollar within the decadal period from 1985 to 1995 made a huge boon in the trade surplus for the affected nations. Thereafter, the acute turnaround began in 1995 wiped their enormous edge in price and damaged their current account situation, which in its effect spoiled the trust in the market created an appropriate climate for the crisis. To put it differently, it was not the system of linking the dollar in its own which is responsible. The cause was the non-observance of the basic instability in the economies of the nations and the uncontrolled oscillation of the exchange rate of dollar-yen. The dilemma was the outcome of the huge quantity of unstable capital and the blind follower…… [Read More]

Argentina Crisis the Argentine Crisis

S. dollars.

Although the plan had its share of supporters, it failed to be implemented because of the lack of political support. As a consequence, odriguez Saa resigned, and was followed by Eduardo Duhalde.

Factors Contributing to the Crisis

The crisis that affected Argentina was due to a combination of factors. Also, some of the factors that determined the crisis have their roots in the previous decades, increasing their effects and combining them with the effects of newer events that were not efficiently managed.

One of the most important causes that determined the crisis is represented by the political factor. The military dictatorship that ruled the country decades before the crisis has had its significant negative impact on Argentina's economic, social, and political evolution. The public management system developed and implemented by the dictatorship has taken the country off track of a country's normal evolution towards economic development in accordance…… [Read More]

Marketing Budget During Economic Crisis

All these were achieved with immense marketing budgets.

In the current situation when the United States and the world are threatened by an economic crisis, the giant shoemaker continues to sustain an increased marketing budget. A specification that must be made however is that changes in the structure of the budget have occurred. In this order of ideas, the marketing specialists at Nike are more centred on interactive and innovative marketing, rather than traditional marketing operations. In a time of financial difficulties then, the number one shoemaker of the globe is trying to approach the audience using less conventional means. Nike officials argued that they were not in the business of keeping the media companies alive, but that their primary interest was that of best communicating with the audience. In this order of ideas then, the multinational organization drastically reduced marketing budgets for television advertisements and other traditional means and…… [Read More]

Qantas Battles the Effects of the Financial Crisis

Qantas Airlines

Strategic Management of Qantas in the Light of Global Financial Crisis

The Global Economic/Financial Crisis, also known as GFC has influenced the performance of all organizations negatively in the current business environment. Besides increasing the costs of operations, GFC threatens the use of human resources in different organizations. With such a premise, this study analyzes the influence of the crisis on the performance, sustainability, and competitiveness of most of the airline companies. In specific, it analyzes the effects of the crisis on the performance of the Qantas Airlines, an Australian carrier known globally for its high quality services. As such, adopting the stated recommendations in the analysis will help reduce the threats facing the Qantas Airlines significantly because of the Global Financial Crisis.

Background

The worldwide economic crisis has influenced the performance of all sectors of the economy negatively in the current global business environment. Among the highly…… [Read More]

Economic Crisis the Origin and

As Taibbi shows, it is not easy: "I'm going to say something radical about the Tea Partiers. They're not all crazy. They're not even always wrong. hat they are, and they don't realize it, is an anachronism. They're fighting a 1960s battle in a world run by twenty-first-century crooks" (Griftopia 16-17). Taibbi makes clear that the Tea Party is not even homogenous: it is made up of a broad spectrum of individuals (some of whom do not even want to be called Tea Partiers) who are angry and looking for someway to focus their anger.

In conclusion, recouping the losses is not an easy thing to do. hen a company like Lehman Brothers can be allowed to collapse while their competition (Goldman Sachs) can be bailed out by tax payer dollars, citizens are going to start wondering how their country got to such a point in the first place. Taibbi…… [Read More]

Economic Crisis 2008-2009 This Report Focuses on

Economic Crisis 2008-2009

This report focuses on the events that took place in the Great crash of 2008-2009. It aims to highlight the events that took place and what the basic factors and events were that eventually led to the economy crashing. It is also a point of focus to determine what effects came about and how different parties were to be blamed for the deregulation that led to the catastrophic events of the crash. It is linked with the policies present at that time i.e. The Monetary Policies outlining the control of money supply and interest rates as well as the Fiscal Policy that focus on the government spending and taxation policies.

The financial crisis refers to a situation whereby there is a contraction of money supply and the amount of wealth in the economy. This is also known as a "credit crunch" whereby participants of the economy lose…… [Read More]

U S Oil Dependency and IT's

Increased oil prices and environmental concerns have increased the interest in nuclear power. However, building nuclear plants is not such an easy thing to achieve. For example, in order to build nuclear plants the United States government must reach a certain level of progress regarding nuclear waste management, creating a suitable regulatory framework for licensing nuclear plants that present a low or acceptable safety risk (Council on Foreign elations, 2006).

Given the above mentioned information, it is expected that the United States dependence on foreign oil to continue to manifest for the following decades. Even more, the country's oil consumption will slowly increase each year. It is not possible for any nation to completely reduce its dependence on oil. However, this foreign oil dependence can be reduced by implementing a series of government policies directed towards developing alternative energy sources, and by influencing individual consumption towards such sources.

eference List…… [Read More]

International Crisis on Businesses In This Paper

International Crisis on Businesses.

In this paper, I will assume the task of a consultant at McKinsey and Co. It is my duty to analyze the effects on international and local businesses of the problems which are erupted in Middle Eastern/Northern African countries particularly Egypt, Tunisia and others. This paper will be produced for the clients of McKinsey and Co in order to assist them in their respective strategies for the region. The main four topics which would be addressed in this paper are as follows, the local impact on business, the global impact on businesses and industries, the impact on shareholder value and wealth of the most affected companies and finally the short, medium and long-term political influences which might affect businesses.

Local Impact on Businesses

During the times of severe political or social unrest which is now seen in countries like Egypt, Tunisia, Syria and others, the overall…… [Read More]

Exxon Valdez Oil Spill Public

Rawl confessed that it was "bad judgement involved in even putting a person with a critical skill back in that kind of work...It is pretty clear we have to tighten those things up" (Loeb pp).

hen asked what advice he had for other CEOs, Rawl stated that they had better prethink which way they are going to jump from a public affairs standpoint before they have any kind of a problem, and cautioned that they should always have a public affairs plan, no matter how hard it is to think in terms of disasters (Loeb pp).

orks Cited

Davis, Nancy Y. The Exxon Valdez oil spill, Alaska. Retrieved October 30, 2005 from http://www.unu.edu/unupress/unupbooks/uu21le/uu21le0l.htm

Details About the Accident. Retrieved October 30, 2005 at http://www.evostc.state.ak.us/facts/details.html

Loeb, Marshall. (1989 May 08). In ten years you'll see 'nothing.' (interview with Exxon CEO Lawrence Rawl about the Valdez oil spill). Fortune. Retrieved October 30, 2005…… [Read More]

Truman in Hypothetical Crisis as

Kennedy recognizes the need to establish a bond with all the South American leaders, thereby isolating Chavez-Chavez politically as ineffective leader in South America. Kennedy perceived the Third orld in terms of the "national military establishment," and vulnerable to the manipulations of the Soviet Union (Schwab, Orrin, 1998, 1). Kennedy had already gone around with Cuba, and did not wish to repeat his mistakes in Venezuela, but he also had no intention of surrendering Venezuela to the Soviet Union in the way in which Cuba had been surrendered before him.

President Kennedy saw South American diplomacy as the route to turning Venezuela away from bonding with the Soviet Union. He recognized that he could not alienate the rest of South America from the United States, or that would drive them into the sphere of Venezuela's influence over them towards the Soviet Union.

Kennedy calls a meeting with Chavez-Chavez, in private,…… [Read More]

Gulf Oil Spill on April

"But we did kill a lot of resources," said Beck. That having been said, Beck does believe that some habitat losses -- and some that occurred prior to the oil spill -- can be "re-engineered" if the marshes receive the attention they deserve to receive.

Meanwhile, the assertion that the oil has dissipated and there is "very little" oil that is recoverable goes against the tone of a story in USA Today (Jervis, 2010, p. 3A) on October 19. Jervis writes that "Swaths of fresh oil flatten miles of march grass and cane weeds" in Bay Jimmy in Louisiana. Indeed, although BP has pulled back workers, more than 32,000 gallons of oil were removed (sucked out by industrial vacuum cleaners operated by workers in hazardous materials suits) during a recent 10-day period in Bay Jimmy (Jervis).

"People think it's over," said P.J. Hahn, the coastal zone director for Plaquemines Parish.…… [Read More]

Upton Sinclair's Novel Oil And

In Sinclair's novel, the whole vision is altered because it focuses mainly on Bunny's perception of his father and of the broader social concerns of the day. Here the father is less of an individual and more of a representative of the emergent and destructive force of the cruel capitalism. It is not the beastly, inhuman character of a man that is brought into focus, but the inhuman force of capitalism. Even from the first pages, everything is rendered through the yet unripe but keen eyes of the son: "Sometimes you liked to put your hand up, and feel the cold impact; sometimes you would peer around the side of the shield, and let the torrent hit your forehead, and toss your hair about. But for the most part you sat about and dignified because that was Dad's way and Dad's way constituted the ethics of motoring."(Sinclair, 5) the wider…… [Read More]

Effects of Crisis on Developing Countries

Global Financial Crisis and the Challenges for Developing Countries

The Challenges

Global financial crisis is known to generally hit the developed economies and cause a slowdown in the economy and even negative growth. This is primarily due to the slack demand in the local market and he surrounding markets. For the developing countries the impact of a global financial meltdown is directly related to the importance of exports and the dependence on capital inflow of foreign funds for local industries and to the economy.

The Challenges

For example in the countries of South Asian countries, for example more than 22% of the Gross Domestic Products is formed by exports of goods and services. The percentages of such exports of the GDP is 26% in the Latin America and the Caribbean countries, 35% in sub-Saharan Africa, 40% in central Asia while it is nearly half of the GDP in countries of…… [Read More]

Nuclear Crisis in Iran at

This does not build trust" (Dupre, 2007).

Tehran's main revenue still comes from oil, and a realist would suggest hitting Iran where it could 'hurt' it, economically. This would mean threatening to isolate Iran from the international community by seeking other sources of oil on the part of the United States, unless Iran abides by the non-proliferation treaty, and that the U.S. should pressure Iran's major oil 'clients' to find other sources, with incentive packages offered to those states, such as India. Ultimately, "Iranian authorities know that there is no other alternative than Iran's integration in the international society and becoming a key constructive player in the region," and that it cannot become a rogue state like North Korea because it is dependant upon the commerce of oil with other nations (Dupre, 2007). Other nations that might be damaged by its nuclear capacity with economic and political leverage must capitalize…… [Read More]

Frame the Population Crisis as

It deals with inbuilt societal problems that cannot simply be dealt with due to the fact that they are so internalized. They therefore require a restructuring of societal systems -- that is, a transition and this can be done -- according to Rotman and Loorbach (2008) - by looking into the social structure of the problem

Transition management has already come a long way. As Rotman and Loorbach D (2008) observe:

The progress made in practice as well as the theoretical developments shows that modern times require experimental, innovative, multidisciplinary and participative forms of governance like transition management. In line with the underlying philosophy we cannot be certain about this, but transition management seems to be in tune with present societal demands, research and policy.

At the same time: "We are, however, also a long way from realizing a sustainable society, which means that there are ample challenges for the…… [Read More]

Exxon Valdez the Oil Tanker

Cousins issued right rudder commands to result in the desired course change and took the ship off autopilot. While such efforts did not result in turning swiftly Cousins ordered further right rudder with increasing urgency. The bumpy ride and six very sharp jolts occurred at 12:04 AM. The vessel grounded towards southwest balanced across its middle on a pinnacle of Bligh eef. Eight of the eleven oil tanks punctured flooding about 5.8 million gallons out of the tanker in the first three and quarter hours. The confessions at NTSB indicated that Cousins may have been awake and normally at work for up to 18 hours preceding the accident. There is the evidence of direct impact of fatigue on human performance error and recognized that about 80% or more of marine accidents are attributable to human error. (Details about the Accident)

The circumstantial factors like prolonged duty hours, poor working conditions,…… [Read More]

Gulf Oil Spill

Gulf Spill

In the wake of the 2010 Gulf of Mexico oil spill, about thirty percent of the oil, and "the most volatile fraction" of it, evaporated in a period of about ten hours (Handwerk, 2011). This was the primary aerosol emanation Another ten to twenty percent evaporated over the course of the next few days, and those turned into a wide plume of aerosol that was later identified as being comprised of intermediate or semi-volatile organic compounds (Xie, 2011). This secondary aerosol was composed of both light and heavy types of hydrocarbons, which have contributed to air pollution over a wide area (Handwerk, 2011). Ironically, the pattern of aerosol evaporation from the oil spill has advanced scientific understanding of how secondary aerosols form after the initial chemical conversion from their most volatile compounds (Xie, 2011). According to the EPA (2014), in addition to volatile organic compounds, the oil spill…… [Read More]

Global Warming Is a Crisis

Given the natural changes in atmosphere, to determine which problems are created by man and which parts by natural occurrences is problematic (Climate 2).

Greenhouse gas concentrations caused by additional land coverage and land use, pouring into the Earth's atmosphere will certainly continue to create additional warming of the Earth's temperatures, raising the average temperature, changing precipitation and storm patterns, as well as raising seal levels from melting glaciers. However, the U.S. Strategic Plan is to stabilize greenhouse gas concentrations at any atmospheric level, implying that net emissions of greehouse gases will need to slow and eventually stop, hopefully reversing the effect, so that greenhouse gas emision will "approach levels that are low or near zero." (Climate 3).

Meanwhile, making small changes in individual homes and yards can create big reductions of greenhouse gas emissions and save money. Changing the kind of light bulbs used, using energy-saving appliances, maintaining heating…… [Read More]

Mobilisation Crisis and War the

One of the most famous crises that was based on misinterpretation and a zero-sum game was the 1960's Cuban Missile Crisis when misperceptions or fake induced information could have led from a crisis to a conflict and a war.

Conflict in the international arena is often lead by perceptions and power politics games that often are not based on realistic evidence. Conflict is nonetheless a measurable phenomena as many conflicts are also based on other issues than misperceptions, power needs or behavioral changes in a country's leadership. These are different economic interests over material goods, like oil or gas, positional goods like political influence or territorial.

More and more, international relations theorists and analyzers have looked within countries and systems to understand the international arena. The internal struggles for power, equilibrium and social welfare are as important in the development of world politics as the aforementioned types of causes. From…… [Read More]

Tonkin Gulf Crisis

Tonkin Gulf Crisis

The Debate over the Tonkin Gulf Crisis

The Tonkin Gulf Crisis 1964 ranks with the Japanese attack on Pearl Harbor and the assassination of President John F. Kennedy as events that David Kaiser of the U.S. Naval War College refers to as "controversies in American political history that dwarf all others (Ford, 1997)."

There is evidence that President Lyndon Johnson deliberately lied about the incidents leading to the Vietnam War to ensure that plans for war were supported. However, many opponents of this claim say that this is not so. According to Sedgwick Tourison in the book Secret Army, Secret War and Dr. Edwin Moise's Tonkin Gulf and the Escalation of the Vietnam War, evidence that Johnson's administration was deceitful is becoming clearer than it was (Ford, 1997).

Today, Tonkin Gulf researchers are still examining the evidence to determine whether or not Johnson's administration intentionally instigated the…… [Read More]

African Americans in Oil & Gas Industry

Lecturer:

I have two observations- one small but interesting and one for which I would like a response.

The first- you have transposed the authors names as Ingram and Schneider- in deed this is small but important - you will want to cite them as Schneider and Ingram going forward- as I said - small but important

Next I think you can develop your response to item 3 regarding your research interest.(my research interest is African-American women in the gas and oil field and how minority set aside programs fail them)

You have made a few claims that public policy is weak and that public policy fails- What is the weakness you have identified? How are you understanding failure? What kind of policies are you including in these statements and what is the connection to your research? I ask that you spend a bit more time on this section and…… [Read More]

Rise in Global Oil Prices

Because the cost associated with fueling the cars will increase, individuals might come up with ways of reducing the consumption of fuel, they will thus use public transportation. When a rise in the prices of gas results into an increase in transportation ridership, the revenues from fare are likely to rise, and the extra costs of fuel for the transport operator will be offset partly. Numerous news reports in the United States are indicating that transportation ridership has gone up with the increase in the prices of the gases; however, little research has been done to prove this association. When there is an effect on ridership, it will be fascinating to notice whether the result is short-lived or a long lived phenom-enon. Therefore, a rapid price increase is capable of resulting into a jump in transport ridership. To become accustomed to the high prices of gas, transporters might buy additional…… [Read More]

What Will Happen When Peak Oil Is Reached

program of study continues personal research and professional practice in the field of energy in general and alternative energy resources in particular. This study will serve to provide benchmarks concerning current energy usage patterns across the country to identify opportunity to introduce alternative energy resources such as hydrogen, geothermal, wind turbine farms, increased hydroelectric applications, biomass facilities, as well as solar and tidal energy resources.

Although predictions of peak oil vary, all signs currently indicate that the United States will be running out of cheap sources of fossil fuels in the foreseeable future and alternative energy resources must be brought online before that point is reached in order to satisfy the growing demand and avoid disruption of the nation's economy.

Purpose of the Study

The overarching purposes of the proposed study are to:

A.

Provide evidence in support of the deployment of alternative energy resources in urban and rural settings;…… [Read More]

Friday Night Lights the Movie

This has also been suggested by the survey of Forbes (2012). When some people are overpaid and the majority is underpaid, it leads to economic and social disparity in the society. Social disparity results in an increase in the crime rate as people are frustrated by lack of opportunities and consider crime as the only means which can provide them with their basic necessities. Economic disparity deprives people to meet their basic needs as the prices increase when economy grows. But this growth is limited to the elites in the society and there is no regard for the middle and lower class communities. Both the factors are unhealthy for the prosperity of a society as a whole.

acism is another issue portrayed in the movie. Although there have been stringent regulations regarding racist remarks but research has shown that almost 51% Americans engage in abusive comments towards the black community…… [Read More]

BP Organizational Behavior BP PLC Organizational Behavior

BP Organizational Behavior

BP PLC Organizational Behavior

Imagine going to work for BP as an engineer to drill oil in the gulf. What would happen if a disaster occurred? Could the company hold up under pressure? How would management react to the situation? One will study the oil disaster in the gulf and how it pertains to human resources, structure, politics and symbolism.

Management signed a five-year contract with Exult Inc. To help transform human resources. They will have capabilities to use the "latest web-enabled technologies and processes" (BP, 1999). This is a first for the organization because it will become a worldwide effort. Each employee/manager will have access to information work as well as life information needed to do their job in an effective manner (BP, 1999).

"e-H services delivery model will assume management, ownership and accountability for BP Amoco's global H administrative and transactional processes" (BP, 1999). One…… [Read More]

Global Community Globalization and the

Using this concept, further solutions to this problem can be solicited. By continuing to involve states, NGOs, and IGOs, a solution to this problem can be achieved eventually, but only through community response. Researchers can continue to work toward discovering scientific solutions, NGOs and IGOS can offer incentives for companies and individuals to adopt new greenhouse gas cutting policies, and governments can enforce these policies. The global nature of this problem, in addition to the global community response that fostered both the Framework Convention on Climate Change and the Kyoto Protocol exemplifies the importance of global community in dealing with this international issue.

A second global problem, the peak oil crisis, has established itself as a prime example of the need for global community and global community responses in this age of globalization. Since the use of fossil fuels for energy production first became mainstream, scientists and government officials knew…… [Read More]

War and Effects the War

Manufacturers are the most affected as they have to absorb the transportation costs borne by the transporters. This often results in a price hike which lowers profits. Companies who have to cut their profits lay off staff which affects consumer spending power. These actions hurt the economy in the longer run as it causes inflation and puts pressure on the government to raise wages so that consumers can afford to pay higher prices. Wages are never increased with rising prices so this result in people becoming poorer and it weakens the economy. Unemployment deters people from buying goods and results in lower sales. This causes more layoffs and pushes the economy to go down.

The automobile industry has been the most affected as car sales have slumped due to the increase in oil prices. Consumers are wary of buying SUVs because they consume a lot of fuel. SUVs form a…… [Read More]

Conflicts That We Are Always Hearing About

conflicts that we are always hearing about in the media and reading about in the newspapers is the Chechen Conflict. At times bloody war, now insidious terrorist actions on behalf of Chechen nationalist, the conflict has never been as recent as we may thing. For centuries the relation between Chechnya and its larger neighbor Russia have been full of turmoil.

If we have a look at the history of the region, the Chechens were recognized as a distinct people in the area as far back as the 17th century. During the 19th century, however, Tsar Nicholas I attempted to conquer the region and met fierce resistance. However, the Islamist fighters had to recognize defeat in 1858 and the Caucasus area was incorporated into the Russian Empire. A brief period of independence from 1917 to 1923 was followed by the region's invasion by the olshevik troops that created the Chechen-Ingush Autonomous…… [Read More]

Patenting Genes Should it Be

They are therefore no different to any other derivative that comes from plant or mineral and has been altered to provide some useful medicinal diagnosis. Laypeople react with revulsion since they are unaware of the scientific steps that have gone into the procedure and resulted in a totally modified entity. Were they aware of this, ethical concerns may be obliterated.

Issue 20 -- Should the world continue to rely on oil as a major source of energy?

Issue Synopsis and Opinion

Energy researchers have developed a model called Hubbert's Curve that seems to indicate that oil is running out. As oil recovery technology has been introduced, this curve has lengthened leading some to say that we can continue relying on resources of oil. However, the curve is still there and contraction in oil supply has an enormous effect on the way that America functions in many aspects of its life.…… [Read More]

Ethics in Southwest Airlines an

(Southwest Airlines Corporation)

The employees are always put first at Southwest Airlines, and according to the CEO Herb Kelleher, who was responsible for founding the company Southwest Airlines, the philosophy that employees come first is deeply embedded in the psyche of the company, and if the employees of the company are happy and contented and fully satisfied with their work, then they will most definitely take better care of the customers of the company, and this is exactly what happens at Southwest Airlines. When the customers are happy at the treatment that they receive at Southwest Airlines, they, quite naturally keep coming back for more, and this in turn makes the shareholders extremely happy and satisfied. The employees at Southwest Airlines are some of the best and most highly paid employees of any airline, and in general, all the walls of the company are always filled with several pictures of…… [Read More]

Economics Finance MBA Level

disrupting America's economic system is a fundamental objective of terrorists

Even as the world continues to struggle with the terrible shock from the September 11 attacks in New York and Washington, one principle lesson has already become clear: disrupting our economic system is a fundamental objective of terrorists.

Prior to September 11, our economic environment was certainly not immune to terror, in comparison to many other nations; we lived relatively terror-free. Now, however, the aftermath of the terrorist attacks serves as a grim reminder that international relations and security developments can dramatically affect economic performance.

US History is replete with countless examples when macro fundamentals are overtaken by what economists refer to as, exogenous shocks -- surprise events that can profoundly and often unpredictably shift political and economic resources, and send even the most accurate forecasts astray. Commodity shocks, such as the two OPEC jolts in the 1970s, are classic…… [Read More]