Oil Essays (Examples)

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Oil Market & U.S. Economy
In June 2008, when the price of oil had crossed $120 per barrel, the predictions for the impacts on the U.S. economy were dire. hereas just months previous, prices were expected to top out at $100 before returning to a more reasonable equilibrium point (Schoen, 2007), now the potential of $200 barrel oil came to pass, bringing with it economic catastrophe (Biderman, 2008). The short version is that demand for oil in the United States is relatively price inelastic. Therefore, as the price of oil increases, the amount of money that American businesses and consumers spend on oil increases. This reduces the amount of money available for consumer spending and industrial infrastructure investment. Ultimately, this harms the economy by concentrating capital flows to the petroleum industry. The capital eventually flows out of the country to the petroleum-producing regions.

This paper will delve into the subject in greater….

Oil Prices in Recent Years
PAGES 7 WORDS 2255

This was the clear result of a tightening in supply, however. Another major fuel price shock occurred as a result of the Iranian Revolution and the subsequent Iran/Iraq ar. This again caused a supply shock as two of the world's major oil producing nations were completely destabilized (illiams, 2007).
In the 2000s, a number of factors have combined to drive up oil prices. Major economic gains in key, highly-populated developing markets have served to increase demand substantially. The Iraq ar has destabilized that nation's oil supply and the Mideast region in general. A weaker U.S. dollar, another consequence of the Iraq ar, has also caused the price of oil -- traded in U.S. dollars -- to rise (Ibid). These events correspond with traditional supply and demand drivers. The events of 2008 may have been the result of speculation, but over the course of the past decade, it is more likely….

Oil and the Affects of
PAGES 10 WORDS 3967

Producer Symbolism) at that time, the oil balance of these countries was not as critical as it is today, and they were not really depending on "foreign" oil. The entire situation changed with the October War which started shortly after midday on Saturday, October 6, 1973 with a concerted attack by Egypt and Syria on Israel. (Oil Price History and Analysis)
At the same time, one has to remember three important factors regarding the situation in 1973 embargo. The first of these points is that the evolution of the situation to an embargo was not a surprise to any of the Western nations. United States and its allies had been receiving warnings from different Arab countries months before the embargo took place, and the embargo was not for any economic reasons. The second point was that there had been an energy crisis in United States for a long period before….

Oil Spill
PAGES 5 WORDS 2010

Oil Spill esponse Plan
In order to effectively respond to any oil that might arrive on Florida's beaches as a result of the spill in the Gulf, one must take into account the different regulations governing the response to crises such at this on the local, state, and federal level. As the city currently does not have an oil spill response plan, in this case it is helpful to look at the state and federal level first, in order to determine the most effective role for local authorities to play in the context of these larger efforts. Examining the existing plans and regulations will answer any possible questions regarding who is responsible for the cleanup, as well as any additional costs related to the effects of the spill such as lost business revenue. Furthermore, this study will reveal the best ways in which the city can implement different policies, procedures, and….

Oil for What Illicit Iraqi
PAGES 5 WORDS 1578


The results found are very credible. Looking at simply the correlation between rotating countries on the Security Council and the purchase of oil contracts, even a layperson becomes suspicious. As an example, both Nambia and Gambia only received oil contracts during their tenure on the Council. Even permanent Council members, like France and ussia, are not above suspicion, with their call for adjustments to the retroactive pricing system established by the Sanctions Committee to prevent Iraq from earning kickbacks by underpricing oil, when both countries are the two largest recipients of said contracts. Lastly, it is shown statistically significant that there is a relationship between countries who have shown strong Iraqi support and the receipt of oil contracts. The author uses appropriate data methods in addressing these questions.

However, there is very little evidence to support the surmation that Hussein was using this kickback money and oil contracts to purchase weapons.….

But the basic rule of political economy may not be sufficient to best understand the matter; therefore, the problem will be analyzed within the international context.
An additional cause, aside the diminishing resources compared against the increasing demand, could be given from within the United States and would materialize in an unstable economy and a weaker dollar, which is less trusted by the exporting countries. Then, the country possesses limited capacity to refine the oil, and these facilities are restricted by an increased demand, technological limitations and even environmental concerns, which force them to increase operating expenditure and eventually influence the retail price. Other reasons, this time outside the United States, could refer to increasing political tensions between importing and exporting countries, but also the global regulations imposed by various organizations influencing the market of oil and gas.

The next step in this direction will be to identify the international institution….

Oil Tax
Oil Extraction Tax to Fund Education

The potential California proposition "Tax Oil for Education" is an important social issue in 2012 for the state, due to its ties to both oil industry as well as liberal values of excellent education for all. It is an exercise of public opinion that is based on personal preferences that vary between party lines and income levels. hile many in the state favor taxation as a tool to better the common citizen in California, others do not feel that taxing large corporations in order to fill budget gaps is appropriate use of state power. They believe that taxing oil is bad for the growth of the market, and will make California less competitive. This struggle will be decided, if the Tax Oil for Education bill is indeed placed on the ballot in November.

A political proposition is a tool that is used heavily in California,….

Oil and Gas Prices:
Gas prices have been one of the major issues or problems in the past few years, especially in the United States where more people are hitting the road drive. As the driving season begins in the summer, many Americans continue to look at gasoline price at the pump. In the past few months, many drivers have been wondering why they have to pay more at the pump in light of the spiking prices in various parts across the country. In his article on CNBC, John W. Schoen examines why most drivers may be right in thinking that someone may be rigging the market because of the prices spike throughout the country (Schoen, 2013).

While gasoline prices have been a major problem in the recent past, the tendency of these costs to be different from one place to another raises huge concerns. These concerns continue to emerge despite of….

Oil in Nigeria
PAGES 2 WORDS 964

Oil used for Sustained Development: A Case Study
It is a country about the size of Kansas, with a population of about three million individuals. Along with Yemen, its neighbor to the southwest, Oman has been one of the most isolated of the countries in the Arabian Peninsula. Until 1970 the entire country had only 10 kilometers of paved roads, two schools, and two hospitals (Gorden 142). A dramatic change has occurred in subsequent years, owing primarily to two factors: the bloodless coup by the present Sultan, and the foreign investment made in oil exploration by a consortium of five global shareholders, whose names over the years became the companies we know today as Exon, Partex, Total/Fina/Elf, Shell, and British Petroleum (Petroleum par. 2).

By the middle of the 20th Centrury, unlike neighbors like Kuwait, Qatar, and Bahrain, Oman had stagnated in terms of trade, politics, and social institutions. The ruling sultan….

Oil and the U S in
PAGES 10 WORDS 3492

" This argument makes some sense in light of the role OPEC plays and the presumed ties between terrorist regimes like Al Qaeda and oil. In fact, Bin Laden's brother was a stakeholder in President Bush's own Arbusto Oil Company (Wiles 2001). Bin Laden is also believed to have "made a massive profit from trading in oil and gold as well as shares on the eve of the [September 11] suicide attacks blamed on his followers," (Sherwell 2001).
However, CATO institute analysts deny a connection between international terrorism and oil money: "The fundamental problem with the argument is that terrorists don't need oil revenues...terrorists don't rely on oil revenues." (Taylor & Van Doren 2006). Conflicting theories regarding the connection between terrorism and oil aside, the American addiction to oil has undoubtedly motivated the decision to invade and occupy Iraq. Indeed, the lack of any established connection between the Iraqi government and….

Oil Prices the Effects of
PAGES 6 WORDS 1772

The member nations of OPEC are relatively few, making it easier for them to form a producing conglomerate; the idea of a consumer conglomerate is untenable, as OPEC will always be able to find an extensive enough market for its commodity with other countries not in this conglomerate, and thus they can still control the price.
Conclusion

The oil industry is not fueled by supply or demand so much as it is by the simple motivator of most economic decisions -- greed. Economies exist precisely because there is competition for limited resources. Any more, the resources that are actually necessary for life are not limited in the developed world, and the competition for unnecessary resources ends up depriving other regions of basic necessities. The oil producing countries of the world are cashing in on the system like and "intelligent" economic actor.

orks Cited

Econbrowser. "New study of the effects of oil price shocks….

283). This led to the National Environmental Policy Act of 1969 (NEPA). This Act acknowledged the fact that there was a lack of knowledge about the ocean ecosystem. This was an important insight and "At its core, NEPA requires federal agencies to produce an environmental impact statement (EIS) whenever they propose a major federal action" but " it was unclear from the original language of the statute whether the lease of oil exploration rights was covered" (othbach, 2007, p. 283). However, in 1978 Congress amended this Act with regard to the current state of the law governing the leasing of offshore oil exploration rights. The 1978 amendments "…specifically state that if a plan for development and exploration of offshore oil resources is a major federal action, then an EIS must be produced" (othbach, 2007, p. 283). These events were to contribute to the growing concern about the environmental impact….

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 to….

Oil to What Extent Would
PAGES 29 WORDS 12170

If Nigerian local content law is not complied with equires licensee to submit a detailed programme for recruitment and training of Nigerians
(Nigerian Local Content Policy)

2.3. History of the LCL

The Local Content Law was signed into law in April 2010 by acting President Goodluck Jonathan. In brief, the Nigerian Oil and Gas Industry Local Content Development Bill 2010 places "…obligations on upstream oil companies in the areas of finance, community and local workforce" (Examining Nigeria's Local Content Act). The process that led to this Bill began in 2007. The initiator of the Bill, Senator Lee Maeba, provides some interesting insight into the originating impetus that led to the final acceptance of the Act. He states,

I saw that there is no law guiding the activities of Nigerian companies in the oil and gas industry and because of that, there has been a capital drift...and that is the reason why there is….

Oil Firm Industry Analysis
PAGES 8 WORDS 2145

Oil & Gas Management
An Analysis of OPEC's Pricing Strategy: Has Saudi Arabia underestimated the resilience of U.S. shale oil?

The global environment for oil and gas has changed significantly in just the last few years as a new set of market conditions have been created that can be defined by an increase supply in oil. These supply increases have largely come from technological developments that have allowed for new forms of oil to extract such as shale oil which has in turn reduced the dependence on the cartels and Middle Eastern oil (Doshi & Corrigan, 2015). There have also been changes in the demand due to technology development as well. Engines and efficiencies have reduced the total demand for oil per user despite the fact that the number of total oil and gas users have increased rapidly in the developing world.

The oil industry serves as the foundation for virtually the whole….

The type of soil is very important, along with the vegetation (abundance and type) growing there. How much rain that region gets is less important than its elevation, as runoff from many miles away – where more rain may fall – can contribute to useable aquifers even in what appears to be a desert area. How large the aquifers may be and how deep one may have to go to properly access them also matter, as these issues are related to the time and cost (i.e. the value) of the aquifer. Areas that are densely populated should be avoided, as....

An endangered species is a species that is on the brink of extinction.  Species can be endangered in two ways.  First, its habitat could be threatened in a way that makes extinction likely if no change is taken.  Second, the species could have experienced a significant decline in population that is likely to lead to extinction. In the United States, determination of whether a species is endangered is made by either the U.S. Fish and Wildlife Service or the National Marine Fisheries Service, but designations vary from country-to-country.  Internationally, the International Union for Conservation of Nature makes....

To start this essay, we would begin by identifying ways that business could impact the environment.  Next, we would want to identify the businesses we wanted to highlight in the essay, focusing on their specific environmental impact.  We would want to select at least two businesses with different reputations for their environmental impact.  Companies that are known for having good environmental initiatives include Disney, Johnson and Johnson, Nike, eBay, Fisher Investments, Hewlett-Packard, Starbucks, and Ford Motor Company.  Companies have a bad reputation in terms of their impact on the environment include AES, PPL, ConAgra Foods, Coca Cola,....

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7 Pages
Research Paper

Economics

Oil Markets and Their Impact on the US Economy

Words: 2370
Length: 7 Pages
Type: Research Paper

Oil Market & U.S. Economy In June 2008, when the price of oil had crossed $120 per barrel, the predictions for the impacts on the U.S. economy were dire. hereas…

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7 Pages
Research Proposal

Energy

Oil Prices in Recent Years

Words: 2255
Length: 7 Pages
Type: Research Proposal

This was the clear result of a tightening in supply, however. Another major fuel price shock occurred as a result of the Iranian Revolution and the subsequent Iran/Iraq…

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10 Pages
Term Paper

Energy

Oil and the Affects of

Words: 3967
Length: 10 Pages
Type: Term Paper

Producer Symbolism) at that time, the oil balance of these countries was not as critical as it is today, and they were not really depending on "foreign" oil.…

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5 Pages
Research Paper

Transportation - Environmental Issues

Oil Spill

Words: 2010
Length: 5 Pages
Type: Research Paper

Oil Spill esponse Plan In order to effectively respond to any oil that might arrive on Florida's beaches as a result of the spill in the Gulf, one must take…

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5 Pages
Term Paper

History - Israel

Oil for What Illicit Iraqi

Words: 1578
Length: 5 Pages
Type: Term Paper

The results found are very credible. Looking at simply the correlation between rotating countries on the Security Council and the purchase of oil contracts, even a layperson becomes suspicious.…

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4 Pages
Term Paper

Energy

Oil Gas Shortage Oil and Gas

Words: 975
Length: 4 Pages
Type: Term Paper

But the basic rule of political economy may not be sufficient to best understand the matter; therefore, the problem will be analyzed within the international context. An additional cause,…

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2 Pages
Term Paper

Government

Oil Extraction Tax to Fund Education

Words: 591
Length: 2 Pages
Type: Term Paper

Oil Tax Oil Extraction Tax to Fund Education The potential California proposition "Tax Oil for Education" is an important social issue in 2012 for the state, due to its ties to…

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2 Pages
Essay

Energy

Oil and Gas Prices Gas Prices Have

Words: 739
Length: 2 Pages
Type: Essay

Oil and Gas Prices: Gas prices have been one of the major issues or problems in the past few years, especially in the United States where more people are hitting…

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2 Pages
Term Paper

History - Israel

Oil in Nigeria

Words: 964
Length: 2 Pages
Type: Term Paper

Oil used for Sustained Development: A Case Study It is a country about the size of Kansas, with a population of about three million individuals. Along with Yemen, its neighbor…

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10 Pages
Term Paper

History - Israel

Oil and the U S in

Words: 3492
Length: 10 Pages
Type: Term Paper

" This argument makes some sense in light of the role OPEC plays and the presumed ties between terrorist regimes like Al Qaeda and oil. In fact, Bin Laden's…

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6 Pages
Thesis

Economics

Oil Prices the Effects of

Words: 1772
Length: 6 Pages
Type: Thesis

The member nations of OPEC are relatively few, making it easier for them to form a producing conglomerate; the idea of a consumer conglomerate is untenable, as OPEC…

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8 Pages
Term Paper

Energy

Oil Increased Access to Offshore

Words: 2906
Length: 8 Pages
Type: Term Paper

283). This led to the National Environmental Policy Act of 1969 (NEPA). This Act acknowledged the fact that there was a lack of knowledge about the ocean ecosystem.…

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8 Pages
Term Paper

Energy

Oil Dependency & Solutions Problems

Words: 2337
Length: 8 Pages
Type: Term Paper

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…

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29 Pages
Multiple Chapters

Energy

Oil to What Extent Would

Words: 12170
Length: 29 Pages
Type: Multiple Chapters

If Nigerian local content law is not complied with equires licensee to submit a detailed programme for recruitment and training of Nigerians (Nigerian Local Content Policy) 2.3. History of the…

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8 Pages
Essay

Transportation

Oil Firm Industry Analysis

Words: 2145
Length: 8 Pages
Type: Essay

Oil & Gas Management An Analysis of OPEC's Pricing Strategy: Has Saudi Arabia underestimated the resilience of U.S. shale oil? The global environment for oil and gas has changed significantly in…

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