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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During this lifetime‚ we will not know the amount of damage and problems caused by the continuing oil spill in the Gulf of Mexico. When addressing the ethical concerns associated with off shore drilling‚ we must look at many different points of views. Although environmental groups have challenged off shore drilling since it became a practice‚ the federal government has allowed it. This is because the government values offshore drilling for economic reasons more than it values preserving the environment
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January 21‚ 1991. This is the day the Persian Gulf suffered from possibly the largest oil spill to date. However‚ the oil spill did not only affect the gulf. Animals‚ humans‚ ecosystems‚ and biodiversity were all impacted as a result. This act‚ inflicted as a war strategy by the Iraqi’s‚ is the cause of mass deterrence to the environment in the area. Although tremendous progress has been made in an effort to clean the Gulf War oil spill‚ there are still several efforts that must be made in order
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The Gulf of Aden is located in the Arabian Sea between Yemen and Somalia. The waterway is part of the important Suez Canal shipping route between the Mediterranean Sea and the Arabian Sea with 21‚000 ships crossing the gulf annually. The Gulf of Aden is a vital waterway for shipping‚ especially for Persian Gulf oil‚ making it an integral waterway in the world economy. The Gulf of Aden is an area known for acts of piracy‚ earning it the nickname “Pirate Alley”‚ and making its waters dangerous for
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The Causes of the Persian Gulf War "Two dozen U.S. and British aircraft bombed five radar and other anti-aircraft sites around Baghdad with guided missiles yesterday in the first major military action of the Bush administration. It was the largest airstrike against Iraq in two years and hit sites near the Iraqi capital‚ a significant departure from the low-key enforcement of no-fly zones in the country ’s south and north. The U.S.-led alliance declared the zones off-limits to Iraqi aircraft
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RUNNING HEAD: GULF AIR’S STRATEGIC ANALYSIS Gulf Air’s Strategic Analysis [Name of the writer] [Name of the institution] Table of Contents Introduction 3 Company Overview 3 Environment Analysis 4 Government Regulation 4 Competition 6 External Forces 7 Industry Analysis 8 The Core Business 8 SWOT Analysis 9 Strength 9 Opportunities 10 Threats 11 Gulf Air Pestel Framework 11 Political 11 Economic 12 Sociocultural 12 Environmental 12 Legal 12 Porter’s Five Forces Analysis 13
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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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Question 1 – The Gulf of Tonkin Resolution Despite any hard evidence or confirmed reports‚ Congress approved the Gulf of Tonkin Resolution‚ giving President Lyndon Johnson the freedom to send troops to Vietnam. First‚ explain how this resolution is different from the way the Constitution allows for the United States to go to war. Then‚ tell me some of the actions President Johnson took once he was allowed to send troops to Vietnam. Finally‚ tell me whether or not you agree or disagree with giving
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Gulf Oil Spill ENV/100 February 27‚ 2012 Norma Turner Gulf Oil Spill The Deepwater Horizon oil spill is considered to be the largest accidental marine oil spill in the history of the petroleum industry. The spill occurred in the Gulf of Mexico on April 20‚ 2010. The spill was the result of the explosion of the Deepwater Horizon offshore drilling rig. When the rig exploded‚ it created a sea-floor gusher of oil that flowed freely for three months. It resulted in 11 people killed and
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Honestly‚ before this interview‚ I was only vaguely aware of the fact that there was even such a thing as the Persian Gulf War. I know that sounds terrible‚ but the only times I’d ever heard of it were when the topic of my uncle’s enlistment came up‚ and my mother explained that he fought in the Gulf War. Other than that‚ I had no knowledge of what it was‚ when or where or why it happened‚ or how it affected the country. After the interview‚ I now know about the fact that there were bombings‚ and
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