For many oil companies‚ the Gulf represents some of their most profitable and promising properties. The White House is seemingly making an increased show of pressuring BP‚ but President Obama is facing political heat from within his own party for what some say has been a lackluster response to the oil spill in the Gulf of Mexico. Since the spill began‚ there has been some intense political debate regarding BP’s responsibility‚ the government’s response‚ and the extent of the environmental damage
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Oil is one of the most important resources that empower the economy. It is mainly used for transportation‚ cooking‚ heating‚ and also electricity generation. Without oil‚ transportation‚ manufacturing‚ and production of food may not be possible. Oil came from fossils and dead organisms that submerged to the bottom of the ocean‚ or what we so called Oil Wells. It was collected by oil rigs by digging the bottom surface of the ocean. Deepwater Horizon oil spill is one of the biggest and controversial
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Cover Page Introduction ………………………………………………….pg 2 The Exxon Valdez oil spill……………………………………pg 2 Short term effects……………………………………………pg 3 Long term effects……………………………………………pg 3 Canges after the spill………………………………………..pg 4 Legal settlement……………………………………………..pg 4 Reference…………………………………………………….pg 4 Introduction On March 24‚ 1989‚ the tanker Exxon Valdez‚ en route from Valdez‚ Alaska to Los Angeles‚ California‚ ran aground
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Oil spills and the impacts on the ecosystem Discuss the short and long term effects of your chosen impacts on a specific ecosystem. Your response needs to include: -a definition of the impact - How the impact arises (Causes) - the effects on the living AND non living components (think about all the spheres) - Methods to reduce the impacts An oil spill is a release of oil into a body of water‚ often stored in a tanker‚ offshore drilling rig or an underwater pipeline. An oil spill often
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Deepwater Horizon Oil Spill Damage April 20‚ 2010 began as a day of celebration‚ a day that marked 7 years without injury on the Deepwater Horizon oil rig‚ and ended with 11 people dead‚ 78 days of oil flow‚ and 1‚074 miles of the Gulf of Mexico contaminated. Three years after the Deepwater Horizon Oil Spill the beaches may appear clean but we have yet to see the final effects. BP‚ the company behind this tragedy‚ is still trying to clean up the mess they have created. This is a lot more complicated
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The Deepwater Horizon Oil Spill was one of the worst man made disasters in recent history. Back in 2010‚ an estimated 47‚000 people and 7‚000 boats/vessels were involved in the cleanup process. “It was estimated by a government-commissioned panel of scientists that 4‚900‚000 barrels of oil had already leaked into the Gulf.” (Pallardy) An excessive amount of oil has polluted the region. The government and BP had to take action as soon as possible‚ before the spill reaches further distances. The disaster
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The Standard Oil Company of California(Socal) is trying to determine how much to bid on the Gulf Oil Corporation. George Keller‚ the CEO of Socal‚ would need to borrow 14 billion dollars in order to make a substantial bid. While banks are willing to lend the money because of Socal’s low to debt ratio‚ the loan would put the company in a highly leveraged position. In order to alleviate that debt‚ some of Gulf’s assets could be sold. Keller has to consider the value of Gulf’s exploration and development
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Engineering Ethics Case Analysis and Action Proposal Oil Spills Students: Fatima Al Khouri 100020247 Hind Al Muhairi 1000020268 Instructor: Dr. Jorge Submission Date: Wednesday October 17th‚ 2012 ------------------------------------------------- Case Summary Peter has been working for with the Bigness Oil Company’s local affiliate and established a trusting relationship with Jesse‚ manager of the local facility. Jesse was pleased with
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Review of Healthcare Block Budget Subvention ============================================================================== Case: NUH at WestPoint Hospital As NUH was facing very bad bed crunch‚ the management decided to lease beds from private players to extend its inpatient facility. As the manager from Inpatient Operations‚ I was tasked to put up the funding request to Ministry of Health for the additional subvention to support NUH operate the offsite inpatient facility at WestPoint
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Executive Summary Given the facts in the information provided‚ we do not feel that an offer of more than $64.17 per share is justified. We recommend that management still submit this bid even though it will probably be rejected. Gulf Oil may be forced to accept a bid lower than $70 per share in the event financing falls through for competitors or other unforeseeable circumstances evolve‚ such as regulation by FTC. The numbers presented below are reliant upon estimates‚ which makes the findings
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