When analyzing a company for investment, there are many quantitative and qualitative measurements to be considered. Not only is the financial information important, but so too is the analysis of the company’s ethics, political environment, and long-term sustainability of the company’s services. In analyzing Kinder Morgan, the quantitative data considered were things such as the trading volume, average stock prices, as well as financial ratios such as the liquidity ratio or earnings per share ratio
Oil is an essential resource in the whole world. People use oil in a variety of ways. The world has used oil for many years and it will still use it as a basic commodity. Oil use can be traced back to 1850s. However, when Edwin Drake produced commercially usable quantities of crude oil from a 69-foot well in Pennsylvania in 1859, he marked a new period that considered oil as a valuable commodity. Oil prices have been inconsistent since 1859. The discoveries of more wells considerably lowered oil
Pricing Petro Products in India: Fiscal (Taxes) & Welfare (Subsidies) – Equity, Efficiency & Revenue Considerations (May 2014) Manish Baghla, PhD Student, TERI University Economic effects of Oil prices in India The importance of oil to the modern world is unique in character and far-reaching in scope. It is a singularly autonomous variable in the world economy and it is used inter alia for transportation, heating and production. In India, Petroleum products are used in Agriculture, Sugar mills, Power
CHEMISTRY ISU: REFINEMENT OF CRUDE OIL My ISU will focus on Petroleum, a complex mixture of hydrocarbons that occurs in the Earth in liquid, gaseous, or solid forms. The term is usually restricted to the liquid form, commonly called crude oil, but as a technical term it also includes natural gas and the viscous or solid form known as bitumen. In its liquid and gaseous states, it is also known as Oil, or Crude Oil. Italicized are segments from my ISU or introductions to the planned topics. In my
Oil Price and Demand In Earlier days man needed Food, Air and Water for Survival but with the Advent of Time and Technology another very Important Factor was added to this list that is 'OIL'. The price of oil is of critical importance to today's world economy, given that oil is the largest internationally traded good, both in volume and value terms (creating what some analysts have called a "hydrocarbon economy"). In addition, the prices of energy-intensive goods and services are linked
The Impact of the Oil Crisis on the American Economy With the current spike in oil prices, many American consumers have asked, 'what is going on?' In order to fully understand the current situation and how it is affecting the economy one must look at a variety of factors including: the history of oil crisis in the United States, causes of the current situation, and possible outcomes for the future. It is only after meticulous research in these topics that one is prepared to answer the question
Tongue-Twister? - Or a large fear from the public? Mergers have become rampant throughout the United States and all around the globe. Large media corporations are being gobbled up by even larger media corporations in a matter of months. With all this in light, conspiracy questions are rising to the surface, as to how much power and information these “mega-merged” companies hold. One more merger could mean massive control by only a few men over what is sent into American’s households. Now that networks are
investigate the news media’s depiction of the 1989 Exxon Valdez oil spill. The coverage provided by the newspapers was compared to that of scientific journals to access their validity and insight. The reactions the coverage evoked on the public were also studied. The paper specifically addressed the media’s portrayal of the oil company versus that of environmental groups. It was found that the news media did not include the benefits the oil company had had on the people and economy of Alaska. It was
Crude oil is perhaps more easily found than water in the Kingdom of Saudi Arabia, which is home to nearly a quarter of the world's proven petroleum reserves (Klare 55). Naturally, this has caught the rapacious eye of the United States, which has, especially since the establishment in 1980 of the Carter Doctrine, increasingly defined the security of its extra-national oil supplies as a matter of vital national interest even during times of peace (33). At the end of World War II, envisioning the future
Locked Out Death is a small price to pay for respect--the words spilled from the headphones like crude oil. Erway Dewey listened to the music barely hearing the lyrics. The words were dark and damaging but soothed the roughness of the harsh surroundings. It didn't matter what the words said anyway, Erway thought, it ain't real life. Erway stood in the shadow that the old warehouse doorway cast against the rising sun. He hoped the bus wouldn't take much longer because although the building
coordinate and unify the policies of petroleum exporting countries. According to OPEC, their main objective is to ensure the “stabilization of oil prices” and the securing of a steady income to oil producing nations. In order to achieve this objective, the OPEC member nations meet at least bi-annually to decide whether to raise or lower their collective oil production in order to maintain the prices they deem as “stable.” The main factors that are considered when formulating petroleum policy are
Cleaning up contamination: Phytoremediation is a novel, efficient, environmentally friendly, low-cost technology, which uses plants and trees to clean up soil and water contaminated with heavy metals and/or organic contaminants such as solvents, crude oil, polyaromatic hydrocarbons and other toxic compounds from contaminated environments. This technology is useful for soil and water remediation. Mechanisms: Phytoremediation uses one basic concept: the plant takes the pollutant through the roots
winter months ahead. The four commodities mentioned in this article, crude oil, heating oil, gasoline and natural gas are all substitutes for one another. This is true because the cross elasticity of demand states that as the percentage change in the quantity demanded of one commodity results from a one percent change in the price of another commodity. In other words, the increase in demand for crude oil, gasoline, and heating oil was the outcome of the price increase in natural gas. As shown
The recent surge in the cost of heating oil, diesel fuel, and gasoline in the United States has had significant impact on many sectors of the U.S. economy, but most importantly it has had quite a devastating affect on the trucking industry. This is important due to the fact that nearly “70% of U.S. communities rely solely on trucking for their supplies” (“ATA” 23). If the government continues it’s trend of non-intervention and refuses to place pressure on OPEC, the prices will continue to soar well
John D. Rockeffelar and Northern Securities In 1859 John D. Rockefeller started one of the greatest monopolies of the progressive era. The Standard Oil Company grew to dominate the oil industry and became one of the first big trust in the United States. In 1870 the Northern Pacific Railway which span from Duluth and St. Paul, Minnesota, to Seattle, Washington and Portland, Oregon. Northern Pacific Railway was the first to offer passenger and service across the Western U.S. John Rockefeller
Fractional Distillation of Crude Oil BOILING POINTS AND STRUCTURES OF HYDROCARBONS The boiling points of organic compounds can give important clues to other physical properties. A liquid boils when its vapor pressure is equal to the atmospheric pressure. Vapor pressure is determined by the kinetic energy of molecules. Kinetic energy is related to temperature and the mass and velocity of the molecules. When the temperature reaches the boiling point, the average kinetic energy of the liquid particles
Shell Nigeria In 1958 the Royal Dutch/Shell Group started drilling for, transporting and refining oil in Nigeria. Nigeria’s large supply of high quality crude oil helped Shell climb to the top, by 1994 Shell made more money than other company in the world. Everything changed for Shell in 1996 when the world became aware of their unethical business practices in Nigeria. Shell had raped the environment, violated human rights of the Nigerian people and manipulated local governments for profit. Royal
is now starting to feel the effect. Around the world, the increase of the price of crude oil has hit the public harmfully. May Canadian’s heat their homes with oil, especially on the west coast, and the cost of oil has increased 50% or more with a three-month range. In America, president Clinton has begun spending countless millions of dollars, to aid the families, which who cannot afford to pay for those absurd oil prices. This cause crises causes problems to the families that need every cent they
Exxon and Mobil Exxon and Mobil were two big competitors in the oil industry. In the 20th century, Exxon and Mobil operated with relatively low-price, and in low-margin environments. The market in the United States and Europe have grown and matured, allowing them both to grow with great success. The competitiveness has tightened worldwide in the crude oil business. Both companies have continued to advance new technologies, introducing new marketing innovations. They have extend there reach into
ordinary people. II. Petroleum Petroleum "occurs in a liquid phase as crude oil and condensate and in a gaseous phase as natural gas" (Petroleum Geology, 2003). The development of petroleum in gaseous phase is largely dependent on the "kind of source rock from which the petroleum was formed and the physical and thermal environment in which it exists" (Petroleum Geology, 2003). Petroleum is commonly identified as the crude oil, in liquid form, which is found deep below the ground surface around less