A Report On The Shell Oil

Senator Everett Dirksen once noted “The oilcan is mightier than the sword”. In today’s world, it is easy to see why oil can be considered the most important resource to hold. Without oil, many of the common day occurrences we take for granted would be impossible. Oil is used for almost everything; from the fuel used to drive our vehicles, to the plastics used in every facet of life, and providing the heat needed to live through the winter. In fact, the United States depends so much on oil that as a nation it uses over 20 million barrels a day. Importing oil increases the total costs because of the need to transport it from around the world. It is estimated

Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book “The Prize: The Epic Quest for Oil, Money, And Power” by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic importance of this product.

The consumption of the oil cause changes in the supply and demand. The United States produces 11 million barrels of oil every day. We are one of the biggest countries to have a big influence on the production and prices of the oil. The basic supply and demand theory explains that the if a product is produced more, the cheaper it should sell. If a country were to double the output of oil day, prices would fall and the Production is high, but the distribution of oil isn’t keeping up with the market. The United States builds an average of one oil refinery per 10 years. This is a net loss due to the fact construction has slowed down since 1970s. Since 1970s, the United States has 8 less oil refineries today. The reason why we are not oversupplied with cheap oil is because of the other countries’ higher net margin and the only operate at 62% of their capacity. Excess capacity is only there to meet future demand. With demand moving accordingly, oil prices will continue to be set mostly by the market — despite external players’ best efforts. (McFarlane)

Foreign oil dependency is a major topic that is hotly debated in US politics. The United States relies on imported oil for about 40% (in 2012) of petroleum consumed and is the world’s largest consumer of oil. About 53% of the foreign oil imported is from other Western nations such as Canada, Mexico and Brazil. 28% is from the Persian Gulf, 16% from Africa and the remaining from other areas of the world. Canada is currently the leading crude oil supplier to the US. Some believe that importing oil has benefits to our economy, while others believe it is a security threat.

Virunga, directed by Orlando von Einsiedel, is a documentary that emphasizes the natural beauty and the biodiversity of the Virunga National Park. The main premise of this film is to bring the audience into the conflict between the park and the British oil mining organization, SOCO, and the rebel army, M23, that are threating to destroy the homes of the people of Congo and the last mountain gorillas that live in the Virunga. This documentary is targeted at environmentalists, and the directors goal was to persuade those who already care about the environment to help support their cause. Virunga has effectively persuaded the audience to take further action against the destruction of the Virunga National Park through the use of rhetoric in the

[Oil production has jumped from 5.0 million barrels per day in 2008 to 7.4 million last year and is expected to average 8.5 million this year and 9.3 million next year, according to the EIA, the analytical arm of the Department of Energy.” (Koch par. 2)]

to find ways out by stating that they are not the ones responsible for these

1. Consider and discuss the impact of the rising price of gasoline on as many other products and services as possible.

Despite that the United States is currently the greatest producer of petroleum, supplying approximately 14021 thousand barrels per day, they retain presence in the Middle East as part of their national interest to maintain strategic power and influence in the energy-rich region while strengthening trade and their alliances.

Through its history, Virunga has been deeply affected by the country’s political climate. From poaching to war, the park rangers, key politicians, conservationists, and concerned individuals had work hard for the park to survive. As of now, people across the world are donating and signing petitions for the park to survive and from ever being drilled again. The work ethic shown by the Virunga’s rangers demonstrates the love they have for the national park and the animals to live forever. The greatest incentive for the park rangers is for the animals to live forever because it’s the only thing that keeps the national park living. Through the film, I was amazed how how much empathy and sympathy the rangers have for their national

The Importance of Oil in U.S. Foreign Policy During the oil and energy crisis of the mid-1970s Americans became painfully aware of the consequences of the United States dependence on foreign sources of oil. Unfortunately, research and exploration for alternative sources of oil in North America has not been pursued vigorously enough to cease such foreign dependence. As a result, in the mid-1990s Americans find themselves in the same precarious position as they were during the 1970s. The Persian-Gulf War in 1991 was all the proof needed to convince the United States of how strongly oil still influences our foreign policy and international relations in general. Oil and U.S. Foreign Policy: Historical Issues The United

Virunga was a documentary that was created in 2014 to bring to people’s attention the problems that were occurring in Virunga. It was directed by Orlando Von Einsiedel and it took place in Virunga National Park, East Congo. The movie showed how people were were being selfish and greedy with the resources in virunga for example, at the beginning of the movie it said people would kill the parents and sell the babies. A major problem that the movie showed was a civil war in virunga. This was very devastating especially since they had worked to protect this area. Then the next big problem was that a British company called Soco International started to look for oil in the UNESCO Heritage in the spring. Between civil war, poaching and people digging

The oil-rich Bolivarian Republic of Venezuela, located on the northern coast of South America, was for many decades considered among the wealthiest nations in the entire continent. While having the largest proven oil reserves in the world has often proved a tremendous boon for Venezuela, the very black gold that has been the cause of its success has also proven to repeatedly be its kryptonite. Over half of the nation’s Gross Domestic Product stems from petroleum exports – which equates to approximately 95% of total exports. It is really not too hard to imagine what drastic consequences shifts in global oil prices could have on the economy.

     Nigeria has been a country in political turmoil for a long time. The country was created in 1914 under British colonial rule and at that time it was considered a protectorate. It was not until 1960 that Nigeria received independence from the United Kingdom. One of Nigeria's problems politically is that it has over three hundred different ethnic groups. The three largest of these are the Hausa-Fulani, Igbo, and Yoruba. At the time of the independence of Nigeria it was split up into three states with each state being under the control of one of the major ethnic groups. The natural resources of the other 297 ethnic groups were exploited for the major three groups,

Exxon-Mobil is the world’s largest privately owned multi-national oil and gas company (Skjaerseth 2003). For companies as large as ExxonMobil, which possess considerable capital resources and are able to exert considerable power and influence, society is increasingly demanding that they behave in a socially responsible manner (Diara, Alilo, and McGuire 2004). There is a growing expectation that companies will adopt a business approach that illustrates responsibility to society above and beyond the economic function and legal performance of the firm (Gibbs 2009). This expectation can be understood as an implicit social contract. One of the underlying