I. OIL SPILL Oil spill is the release of a liquid petroleum hydrocarbon into the environment‚ especially marine areas‚ due to human activity‚ and is a form of pollution. The term is usually applied to marine oil spills‚ where oil is released into the ocean or coastal waters‚ but spills may also occur on land. Oil spills may be due to releases of crude oil from tankers‚ offshore platforms‚ drilling rigs and wells‚ as well as spills of refined petroleum products (such as gasoline‚ diesel) and their
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A major spill could easily double that amount. Oil spills are one of the biggest and overall worst environmental disasters. These spills happen for many reasons. Some of these reasons include: people making mistakes or being careless‚ equipment breaking down‚ natural disasters such as hurricanes‚ deliberate acts by terrorists‚ countries at war‚ vandals‚ or illegal dumpers. Many animals are affected by these actions. The animals that are directly affected aren’t the only ones that have problems‚
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Gulf Oil Corp.--Takeover Summary of Facts o George Keller of the Standard Oil Company of California (Socal) is trying to determine how much he wants to bid on Gulf Oil Corporation. Gulf will not consider bids below $70 per share even though their last closing price per share was valued at $43. o Between 1978 and 1982‚ Gulf doubled its exploration and development expenses to increase their oil reserves. In 1983‚ Gulf began reducing exploration expenditures considerably due to declining oil prices
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EXXON VALDEZ OIL SPILL Relevant Facts On March 24‚ 1989‚ there were several ruptured tanks of the Exxon Valdez that allowed approximately 11 million gallons of crude oil to pour into the Gulf of Alaska. As soon as this happened‚ it started what would be described as one of the most dreadful environmental disasters in the history of oil drilling. A few months after‚ there were enormous surges of wind and waves that caused the oil to spread further out into the shorelines of Prince
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another explosion of an oil tank. Fish are quickly swimming away so they don’t get affected by the dangerous chemical. While this is going on an invasive species is hungry and attacking all of the hurten victims and demolishing the rest of the fishes lives. Someone needs to take control of these two disasters before they get to dominant. AND FAST!!! Oil spills are a big part of pollution in water. The oil spill of 2010 in the Gulf of Mexico is noticed as the worst oil spill in American History. Extreme
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Alex Bordeau P.6 3/27/16 Ms.Whittaker Exxon Oil Spill The Exxon Valdez oil spill occurred in Prince William Sound‚ Alaska‚ on March 24‚ 1989. Exxon Valdez‚ an oil tanker headed for Long Beach‚ California‚ struck Prince William Sound’s Bligh Reef at 12:04 am local time and spilled thousands of gallons of crude oil. Exxon Shipping Company failed to properly maintain the Raytheon Collision Avoidance System radar which‚ if functional would have identified that the ship was off course an heading
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Analysis: Gulf Italia Nicolo Pignatelli and Gulf Italia: Case Analysis 1. Pignatelli should first and foremost properly assess the ethical dilemma he faces. The problem before him comes down to the decision between two outcomes both with their share of benefits and risks. He can follow guidelines by waiting several months to receive a response from the Italian government while losing millions of dollars and risking his reputation and fate of his company if the government decides to not allow Gulf Italia
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Business 352 Gulf Oil Company Sarah Barrette‚ Trevor Haug‚ Tyler Crawley‚ Maxwell Steimle Group #1 10/31/12 Table of Contents Recent History Page 3 The Takeover Pages 3-4 The Auction Page 5 Financial Analysis Page 5-6 Standard Oil Company of California’s Alternatives Page 6 Recommendations Page 7 Works Cited Page 8 Appendix Balance Sheet (Table 1) Appendix 1 Operating Sheet (Table 2) Appendix 2 Financial Analysis (Table 3) Appendix 3 Give appropriate
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Lê Tâm Trí BTBTIU12026 INTRODUCTION WHAT IS AN OIL SPILL? An oil spill is the discharge of a liquid petroleum hydrocarbon into the environment‚ especially marine areas‚ due to human activities‚ and is one form of pollution. An oil spill occurs when a vehicle‚ vessel‚ pipeline or drilling rig releases petroleum products into the environment uncontrollably. The first major oil spill on record happened when the Thomas W. Lawson schooner became beached in
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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 affected
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