Oil Industry

Only available on StudyMode
  • Download(s) : 84
  • Published : August 2, 2011
Open Document
Text Preview
Oil Industry
Steven Gomez
Management for Organizations
Professor Shah

The oil companies of today’s societies are bigger than from the past and have been making the news worldwide. These companies have been growing and trying to lease more property across the country in order to keep making money. “While the oil and gas industry argue that for expanded access to federal land, they sit on over 29 million acres of unused federal oil and gas leases.” (Elizabeth Lopez, Hill Briefing- Oil and Gas Effects 2011). January 10, 1901 the big oil boom started for Texas. (Mary G. Ramos,Texas Almanac 2000) That’s where it all started, and has grown to a monster of a business since then. Many people from back in those times where all for drilling for oil and everyone wanted to make money from it and weren’t really either aware, or really cared about how it would affect the enviroment. As we move on in our society our population is leaning more towards a “greener” way of doing things. I.E engery efficient appliences in our homes and electric cars. The days of being able to drill for oil and gas without out being hassled or smeared in the media stopped on April 20th when BP broke an oil line while drilling in the gulf coast. It’s said to be the biggest oil spill passing the Exxon Valdez. (MSNBC, 2010) With that being said, the next three years is going to be a challenge for these companies who want to try and keep expanding their leases and also continue with their off shore drilling. It seems like these companies are not regulated very well and that is a huge problem. With that oil spill still fresh in peoples minds and everytime there is the slightest oil spill or some type of accident involving an Oil Company the media is quick to spread it all over the news. Gas prices have sky rocketed and has had a big impact on the way people are driving and using energy in their homes. Dealerships are not selling the big suv’s and trucks because...
tracking img