reserves (Ex 3) less projected expropriations Estimated reserves 1983 production of 290 barrels suggests it takes about 8 years (2‚313/290) to produce discovered oil. We’ll thus use an eight-year cycle. Gulf Oil Corporation 4 What is Gulf worth? To assess their value we proceed as follows. 1. Identify key assumptions. Finding cost per barrel E&D outlays usually take a year to produce reserves. 1981 + 82 E&D outlays (Ex. 2) 1982 + 83 reserves (Ex. 3) Finding cost estimate $2‚696 + $2
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Advertising - a necessary evil? By Brigitte Heyer "Advertising is the art of arresting human intelligence long enough to get money from it." Stephen Leacock Every business needs advertising‚ like it or lump it. Although there are some geniuses around who have the knack to get it right‚ for most people effective advertising is a long‚ and often costly‚ learning experience. You soon learn what does and doesn’t work‚ and try bravely to withstand the lure of clever‚ well-trained reps working under
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“You know there’s two‚ don’t you? My reply was “Two what?” “Two babies!” That was the way I found out I was having twins two days before they were born. My fascination with twins began long before that moment but it was after that I began looking for any information I could find. I wanted to learn everything I could about why twins happen‚ what complications from a premature birth may cause and other things that only those who are twins can tell. Identical twins are a scientific and medical mystery
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Is space exploration worth the cost? by David Livingston Monday‚ January 21‚ 2008 Editor’s Note: On January 11‚ the New York Times blog “Freakonomics” published a lengthy post titled “Is Space Exploration Worth the Cost? A Freakonomics Quorum”. The post featured comments provided by a number of people‚ including David Livingston‚ in response to the question. The part attributed to Dr. Livingston was just a highly-edited version of what he originally submitted to the Times. What follows is
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Order in relation to the Social Contract Theory says that when the government abuses power‚ or the established order‚ the governed have to right to revolt: to overturn the established order‚ the established rules. Order is necessary but the question is at what cost is it necessary? Violence always accompanies revolts‚ but
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man more than of yourself; we carry our worst enemies within us.” By reading “Lather and Nothing Else‚” “The Possibility of Evil” and through one’s one personal struggles this quote is found to be true. Everyone faces struggles with themselves. It is yourself that is your own enemy because your mind is what creates your fears‚ goals and weaknesses not someone else. The story “Lather and Nothing Else” talks about a barber who must decide to be either a hero or a murderer. “The Possibility of Evil”
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The Right Way to Lose Weight The percentage of overweight Americans has increased steadily over the last 20 years. Fad diets and magic pills are everywhere‚ from television infomercials to kiosks in the local mall. Everyone is talking weight loss. Of course‚ if these quick fixes worked‚ the United States would not be the land of the free and the home of the fat. Weight loss is not effortless and it does not happen overnight. Healthy and successful weight loss requires a balanced‚ committed approach
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Is having a degree important pros and cons Is Getting A College Degree Worth It These Days? By: Brian Kim - August 28‚ 2007 I got the idea for this article after overhearing a conversation the other day between two teenagers. One was arguing that getting a degree was the only way to get a good job to make good money and the other was arguing that getting a degree wasn’t necessary in today’s day and age in order to make good money. I’m sure you or someone you know have had this debate at least
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“Facebook is a necessary evil” Discuss? Facebook in simple terms can be defined as a social networking website that enables around a billion people worldwide to connect with each other via the internet. Following its initiation Facebook was labelled as an essential tool for communication whereas these days it has mostly been used as a tool for practising of evil deeds in the society. Recently Facebook has been used as a tool for unnecessary evil in the society with main examples social uprising
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children‚ which would sort them as the principal caregiver. The principal caregiver is the parent in whom the children have residency with majority of the time‚ if the parents are separated or divorced children live with their custodial parent and have visitation with their noncustodial parent. Following separation‚ a child will end up with the ’primary caregiver’ (the main carer‚ e.g. over 90% of the time the mother and a ’secondary caregiver’‚ normally the father. The effects of having a single
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