INTRODUCTION Background Pioneer Petroleum was founded in 1924‚ through a merger within industrial‚ pipeline transportation‚ and refining fields. PP has evolved over the last 60 years into a company that now also works with agricultural chemicals‚ plastics‚ and real estate development concentrating in gas‚ oil‚ petrochemicals‚ and coal. In 1990‚ PP improved their coker and sulfur recovery facility to make their refining process more efficient and in turn has become one of the lowest cost refiners
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Pioneer Petroleum is a multinational corporation that is in position to capitalize on investments all around the World. Within the industry Pioneer’s gasoline are among the cleanest burning fuels. They are better position than most to meet strict environmental guidelines as they currently have clean efficient running plants positioned to capitalize on less polluted products. Also Pioneer Petroleum is heavily involved in exploration and devilment. From 1924 to the present‚ pioneer has been able
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liquidity trap refers to the phenomenon when increased money supply fails to lower(*) interest rates. Usually central banks try to lower interest rates by buying bonds with newly created cash. In a liquidity trap‚ bonds pay little to no interest‚ which makes them nearly equivalent to cash. Under the narrow version of Keynesian theory in which this arises‚ it is specified that monetary policy affects the economy only through its effect on interest rates. Thus‚ if an economy enters a liquidity trap‚ further
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PETROLEUM I. HISTORY The petroleum industry includes the global processes of exploration‚ extraction‚ refining‚ transporting (often by oil tankers and pipelines)‚ and marketing petroleum products. Petroleum in an unrefined state has been utilized by humans for over 5000 years. Oil in general has been used since early human history to keep fires ablaze‚ and also for warfare. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many
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Behavioral Traps There are five behavioral traps. Those five behavioral traps are: time delay‚ investment‚ deterioration‚ ignorance and collective. We fall into some of these traps easily and on a daily bases‚ while some of us find that they are also easily avoided. The trap that you fall into really only depends on you. I would like to define and give an example of each of the behavioral traps‚ before I discuss which I think is the easiest to fall for and the easiest to avoid. Time
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GLOBAL PEACE – FROM WHAT SOURCE? Song 65 1 MULTITUDES YEARN FOR GLOBAL PEACE On 28 June 1914 a hand grenade was rolled beneath a car travelling in a motorcade in the city of Sarajevo in Yugoslavia. The grenade missed its intended target and exploded beneath the following car‚ injuring several people. The first car continued on its way and the occupants attended a welcome ceremony at the Sarajevo Town Hall. Just a short time later‚ the VIPs from the first car decided to visit the injured
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Vanhinsbergh-Perez Business andthe Environment The External Environment 3 Most Significant PESTEL Factors Affecting BP 1.0 Introduction This report will investigate the three most prominent external PESTEL factors which face BP (Beyond Petroleum). The report will provide a detailed look at how these factors affect the business‚ and explore the reasons behind them. Finally this report will make conclusions based on these findings. 2.0 BP the company BP is one of the world ’s leading
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COMPANY CASE: TRAP-EASE AMERICA: THE BIG CHEESE OF MOUSE TRAPS. Question No. 01: Martha and the Trap-Ease America investors believe they face once in-a-lifetime opportunity. What information do they need to evaluate this opportunity? How do you think the group would write its mission statement? How would you write it? Answer: Once in-a-lifetime opportunity‚ specifically in the case of selling a product can be best availed by: Developing effective strategic plans Setting unique
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Cash Flow Valuation – Proved Developed Reserves Discounted Cash Flow Valuation – Proved Undeveloped Reserves Discounted Cash Flow Valuation – Probable Reserves Discounted Cash Flow Valuation – Possible Reserves Question 3 To value MW Petroleum we would consider the assets in place and the option bearing assets discretely. The assets in place consist of the proved developed reserves since they are already producing a determinable quantity of oil and natural gas‚ as well as the non-producing
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The Twitter Trap STUDENT NAME: Pretty Vaddi Student Number: 300782105 COMM 170 Instructor: Evelyn Holmes The Twitter Trap Bill Keller in “The twitter trap” published in The New york Times (18 May 2011) notes that he felt as though he had poisoned his daughter by allowing her onto Facebook. He equates it to giving a drug and sees it as eroding a youth’s intellect or skills development memory skills‚ math skills‚ penmanship‚ innate sense of direction‚ attention span‚ problem solving and decision
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