An oil spill can be defined as an accidental or deliberate dumping of oil or petroleum products into the ocean and its coastal waters‚ bays‚ and harbors‚ or onto land‚ or into rivers or lakes (Holum 1977). Between one and ten million metric tons (one metric ton is 1000 kilograms) of oil are put into the oceans every year. The oil is released‚ most often‚ in small yet consistent doses from tankers‚ industry‚ or on shore waste disposal (Boesh‚ Hersher‚ et al. 1974). Tanker spills cost the United
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FATS AND OIL DEFINITION: Fats and oils‚ group of organic substances that form an important part of the diet and also are useful in many industries. The fats are usually solid‚ the oils generally liquid at ordinary room temperatures. Some tropical products‚ liquids in their sites of origin‚ become solids in cooler climates; in commerce these often retain the name originally given‚ e.g.‚ palm oil and coconut oil. Chemically fats and oils are either simple or mixed glyceryl esters of organic acids
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into little impact until 1973. Before this organization‚ the great oil companies of the West ruled the roost. Oil is the lifeblood of the industrialized nations as it is used to fuel planes‚ cars‚ tanks‚ skyscrapers‚ fertilizer‚ drugs and synthetics. Yet back before the days of OPEC‚ the great oil companies often retained 65% or more of the revenue from a product that was produced on someone else’s property. Then in 1960‚ many of the oil producing nations‚ from both the Middle East and elsewhere‚ formed
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evaluation of Amoco‚ our opening exchange ratio is 0.46. For Amoco sides‚ their opening exchange ratio is 1. The big difference between our opening prices indicates this negotiating process should be tough. First‚ we checked the discount rate. For us‚ BP company‚ we use 8.83%‚ however‚ Amoco they use a higher one around 9%. The main difference to calculate the discount rate is that we use the 30-year Treasury rate as risk free rate compared to Amoco used 20-year Treasury rate. Moreover‚ we use the debt
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The Sarbanes-Oxley Act of 2002 Jayne Diaz BUS 591: Financial Accounting & Analysis Professor Susan Ayers March 26‚ 2012 The Sarbanes-Oxley Act of 2002 Prior to 2002‚ there was very little oversight of accounting procedures. Auditors were not always independent and corporate government procedures and disclosure provisions were inadequate. Sometimes‚ executive compensation was tied to the stock of the company which created an incentive to manipulate the stock price by using fraudulent
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STUDY GUIDE LORENZO’S OIL Overview Lorenzo’s Oil is the story of the Odones’ race against time for the survival of their little boy. Lorenzo at age 6 develops a classic childhood case of Adrenoleukodystrophy. Augusto and Michaela Odone work tirelessly with little assistance from the medical community and the parent support group to find a therapy to stop the progression of this devastating disease. In 2001 Elizabeth Spike‚ a high school biology teacher in Rochester‚ New York‚ chose to show a film
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Investments Analysis and Management Group 5: Dimensional Fund Advisors‚ 2002 DFA Overview Dimensional Fund Advisors (DFA) is an investment firm founded in 1981 by David G. Booth and Rex Sinquefield‚ both graduates of the University of Chicago Graduate School of Business. The firm has three Nobel Laureates sitting on its board: namely Myron Scholes‚ Robert C. Merton‚ and the late Merton Miller. Other directors include leading economists such as Eugene Fama and Kenneth French; they jointly
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concerning the Deep Horizon blowout Background: The Deepwater Horizon oil spill or the BP oil spill refers to the oil spill in the Gulf of Mexico which flowed for three months in 2010. The spill was a result of the explosion of Deepwater Horizon‚ which drilled on the BP-operated Macondo Prospect. The explosion killed 11 men working on the platform and injured 17 others (Summarized from Wikipedia article on: “Deepwater Horizon oil spill” http://en.wikipedia.org/wiki/Deepwater_Horizon_oil_spill )
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CULTURAL STUDY ON 2002 Gujarat violence The 2002 Gujarat violence was a series of incidents including the Godhra train burning and Naroda Patiya massacre and the subsequent communal violence between Hindus and Muslims in the Indian state of Gujarat. On 27 February 2002‚ the Sabarmati Express train was attacked at Godhra by a Muslim mob as per a preplanned conspiracy. 58 Hindu pilgrims‚ including 25 women and 15 children‚ returning from Ayodhya‚ were killed in the attack. This in turn prompted
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"August 2002- Night Meeting"- Central Idea In the touching "Night Meeting‚" a human and a Martian meet on a deserted road only to discover that each is a shadowy image‚ perhaps a ghost of one other. The story revolves around the concept of time and the idea of communication between a human and a Martian. Tomás is a human who migrates to Mars from the planet earth. Stopping for gas on his way to a party‚ he meets another human‚ a gas station owner‚ who praises the unpredictable life on Mars and
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