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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The Oil & Petrodollar Connection to the Recent Military Conflict in Iraq & The Future of the Dollar as a Petrodollar. In this paper‚ I intend to assess the validity of claims that there is a definite connection between the petrodollar and recent military conflicts. I will also look at why the United States needs to keep the dollar as the global reserve currency to secure their global hegemony for the future and what other contenders for the role of reserve currency are emerging. The
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Deepwater Horizon oil spill July 5‚ 2010 Word count: Background: BP plc is a British-based global energy company which is the third largest energy company and it is the United Kingdom’s largest corporation the fourth largest company in the world (BP‚ Wikipedia). Its name is initials of the company’s former legal names British Petroleum. British Petroleum merged with Amoco in December
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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 highly sensitive to changes in the economic environment. For example‚ if average inflation over the life of the project is 5.8%‚ then the resulting savings would justify a bid of
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Michael T. Klare‚ Blood and Oil: The Dangers and Consequences of America’s Growing Dependency on Imported Petroleum (New York: Metropolitan Books/Henry Holt‚ 2004). Preface How to explain the post-Cold War violence? Some attribute it to identity politics (xi-xii). Pace Samuel Huntington‚ the cause is a struggle for resources (xii). Oil as special resource: 2001 and since revelatory of the consequences of oil dependency (xiii-xv). Goal of book: “Tracing the evolution of U.S. oil policy and weighing its
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I went into the speech forum undecided about which side of the argument I was for. I do not have any family members that have worked for an oil/gas company for years and make a living working there. I also do not drive‚ let alone‚ have a car so I really had no ethos in this subject matter. However‚ in the long run it will affect me. I believe that both speakers prepared a wonderful and well thought out speech. They were poised‚ professional‚ and as commuters themselves they both possessed the credibility
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The oil and natural gas sector comprises of exploration and production of crude oil‚ natural gas‚ refining and marketing of the petroleum products‚ which are classified as upstream‚ downstream and midstream. Industrial Research on India - Oil & Gas Sector July 2012‚ BIM Trichy Arjun Venugopal‚ Divakaran‚ Revathy Prasad‚ Sreejesh N‚ Vincent Ministry of Petroleum & Natural Gas Government of India Domestic Production Natural Gas (52.22 bcm) Petroleum (37.7 MMT) Imports Natural Gas
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There have been many events throughout my life that have shaped and defined the person I am today. The most impactful moment of my life transpired when I was pursing my B.S. in Physics & Mathematics at Morehouse College in Atlanta‚ Georgia. Like any college year each year presents its onset of obstacles and challenges to overcome. My third year of undergrad was without question the most odious of my four year matriculation. Between four hour labs and courses such as Quantum I‚ Thermodynamics and
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International Oil Inflation & Airlines Industry Prepared for Prof. Mahima Sharma Faculty Member Jaipuria Institute of Management Prepared by Shailesh Bharadwaj (cft07_128) Sanjeev Prasad (cft07_130) Sarita Singh (cft07_131) Saurabh Bansal (cft07_135) Shashank Anand ( cft07_138) Students‚ PGDM- Trimester-4 July 31‚ 2008 INTRODUCTION This report has been made to draw the attention of the people how the aviation industry has been dependent upon the Oil prices. Since the research
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Is This the End of Oil Production? One of the most pressing current economic issues is oil production and distribution. It’s an issue that has been continuing to shock people for decades now. As cars become a necessity in American society‚ fuel is used even more than it used to. It seems like everyone has a vehicle and all vehicles require oil based fuels. Almost everyone in the United States uses some sort of transportation to go places like work‚ home‚ to the store‚ even to visit family. Truck
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