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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Polytechnic University of the Philippines Santa Rosa Campus A Term Paper Entitled COLONIAL INFLUENCES OF THE SPANIARDS IN THE PHILIPPINES Presented by: Maybelyn U. Catindig‚ BSEM 3-1 Presented to: Prof. N. Silva I. Introduction Spain is known for its history of exploring and conquering lands during the Age of Exploration in 16th century. There were many undiscovered lands during those times and in search of the east countries of the world‚ Spain was able to discover the Philippine
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1950s America Speech The 1950s were a remarkable time in the history of the United States of America. Many of the events that occurred during this time inspired and molded the future of an entire generation. The economy was booming‚ bringing millions of Americans into the middle class. Government‚ Business‚ and Unions worked together to keep the economy going‚ but I believed the biggest force in the economy in the 1950s decade is the consumers. “Consumer Culture” is a culture where consuming
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Sues Oil Giant Chevron For $10.85 Billion Over Offshore Leak. 2011. http://articles.businessinsider.com/2011-12-15/news/30518769_1_oil-drilling-brazilian-officials-leak (accessed March 22‚ 2012) CHEVRON CORPORATION. n.d. http://www.texaco.com/trust-texaco/ chevron-corp.aspx (accessed March 19‚ 2012) Chevron’s Top Ten Lies: Chevron’s Ten Biggest Lies About the Ecuador Suit. n.d. http://www.texacotoxico.org/eng/node/278 (accessed March 21‚ 2012) Delivering Energy‚ Respecting Nature. n.d. http://www.chevron
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CHEVRON is an American second oil company which has been founded in 1879 by an American group of explorers since then chevron has changed its name more than once but it took its name “chevron” in 1984 and it has worked with many other oil companies like Texaco and many more‚ the company now have 58‚000employees and 4‚000 service station employees.(chevron‚ 2011) * KELLOGG’S is a company which produce product comes from cereals the company has started in 1906 by W.K KELLOGG’S in USA‚ it started with
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BP and Consolidation of the Oil Industry‚ 1998-2002 Executive Summary BP should sell its business and start a new business‚ a clean energy production‚ because it would lose profits from oil supply. Oil industry had not developed in perfect competition; oil price was easily controlled since oil industry was oligopoly‚ many consumers exist and the government protected oil industry from competition. However‚ oil industry is facing perfect competition; oligopoly formation of oil industry
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ExxonMobil‚ is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller’s Standard Oil company‚[3] and was formed on November 30‚ 1999‚ by the merger of Exxon and Mobil. Its headquarters are in Irving‚ Texas. It is affiliated with Imperial Oil which operates in Canada. ExxonMobil[4] is one of the largest publicly traded companies by market capitalization in the world‚ having been ranked either No. 1 or No. 2 for the past 5 years‚ and is the second largest
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Beginning his racing career in touring car racing‚ Hunt progressed into Formula Three where he attracted the attention of the Hesketh Racing team and was soon taken under their wing. Hunt entered Formula One in 1973‚ driving a March 731 entered by the Hesketh Racing team. He went on to win for Hesketh‚ driving their own Hesketh 308 car‚ in both World Championship and non-Championship races‚ before joining the McLaren team at the end of 1975. In his first year with McLaren‚ Hunt won the World Drivers
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JPMorgan Chase Stephen Lundert Emily Smith‚ J. D. Leg 100 Business Law 1 10 September 2013 JPMorgan Chase is one of the oldest and most respected banks in the United States. However‚ during the summer of 2012 Chase announced trading losses and bad investment decisions that resulted in a loss of approximately $5.8 billion. Not only did they report this substantial loss they admitted to falsifying their first quarter reports‚ were they where attempting to conceal the massive loss.
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to retaliate. This results in a high concentration of the industry in only 2 to 10 firms with large market shares. The gasoline industry is an oligopoly in the United States: it is dominated by a few giant firms such as Exxon‚ Mobil‚ Chevron and Texaco. Note‚ however‚ that many small firms exist in the market: small independent gas stations which sell in just one city or just a limited region. OLIGOPOLY CONCENTRATION CAUSES The most notable causes for the high concentration in oligopoly type
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