Case Study Of Transcanada And Irving Oil

Becky Price replaced her oil furnace with a propane furnace back in 2006, but the oil furnace’s pipes were still in place. Price canceled her contract for oil refills with High Pointe Oil Company, but there was a problem on November 2007, in which Price’s address was added to the list of oil fill ups and the truck driver filled up the oil pipes with 400 gallons of fuel oil which caused the destruction of Price’s house and her belongings. So, Price sued the company for the failure of not removing the oil furnace’s pipes, including for non-economic damages such as emotions and feelings.

To indroduce, "the government of Canada granted approval for the Trans Mountain Expansion Project to proceed with 157 conditions (NEB)." The project includes a lot of infomation for operating. "The project proposes to expand the existing Trans Mountain pipeline system between Edmonton, AB and Burnaby, BC ,and this project includes approximately 987 km of new pipeline ,and there is new and modified facilities such as pump stations and tanks and reactivate 193 km of existing pipeline (NEB)." Moreover, this project increases the capacity of shipping from 300,000 barrels per day to 980,000 barrels per day, which brings a lot of benefits to Canadian economy (NEB). Therefore, the approval of this project not only contains many economic benefits

Pollution is already a huge ongoing battle in the United States and if constructed the pipeline would send about 800,000 barrels of hazardous oil a day along with tons of greenhouse gases. The US Department of Environmental Protection estimates the greenhouse gas emissions from the Canadian oil will be more than 80% greater than oil refined in the US. That is roughly equivalent to the same amount of emissions released by 5.7 million passenger vehicles. Unfortunately, when emissions are passed into the air, the air cannot be cleaned, and since oxygen is a vital component in keeping humans alive, adding an oil pipeline that would put that much emissions into the air is far too dangerous for the public’s health what it’s

Almost 95 million barrels of oil and fuel are produced each day in order to provide energy and fuel to people the world over. A major component of the oil industry is the transportation of oil through various means including oil pipelines. These pipelines are capable of transporting thousands of barrels of oil thousands of miles per day. In the United States one possible pipeline has caused a lot of controversy and discussion on the impact it will have on the United States. The difficulty in deciding if the Keystone XL Pipeline should be built is in whether the possibility of economic growth outweighs the possibility of environmental destruction. In order to make a decision, one must first look into the history of oil pipelines. It is crucial

“In a few decades, the relationship between the environment, resources, and conflict may seem almost as obvious as the connection we see today between human rights, democracy, and peace (Nobel Peace Prize Medalist Maathai 2004).” A Canadian oil company that goes by TransCanada hopes to build an oil pipeline that would extend an enormous 1,200 miles onto an already gargantuan 2,600 mile long pipeline. Keystone XL represents just under a third of the entire Keystone project, and every other piece of pipe has been built and laid out. In fact, TransCanada 's pipeline system is already shipping hundreds of thousands of barrels of crude oil from the Canadian oil sands across the U.S. border -- and into Illinois (Diamond). The current proposal would take the pipeline on a journey all the way through to Texas. Extracting crude oil from oil sands would be enormously problematic for the environment as it causes the pumping of about 17% more greenhouse gases into the atmosphere than standard crude oil extraction. Tar sand oil has levels of carbon dioxide emissions that are three to four times higher than those of conventional oil, due to more energy-intensive removal and refining processes (Friends of the Earth). The construction of the Keystone XL pipeline would stimulate employment, the effects would be temporary and the whole scheme would produce a negative long term outcome. The construction of the Keystone XL pipeline has caused

The question that has arisen from this shift is whether or not the Canadian oil and gas industry inclusive of the upstream, and midstream sectors, has a net positive benefit to Canada. This essay will explore and seek to understand the myriad of issues that this industry faces daily.

The origination of this case study begins on one brisk morning back on the 19th of September in 2008 when TransCanada first submitted their application to the U.S. State Department to build the Keystone XL pipeline. The Canadian based energy infrastructure company proposed a 1,179-mile, 36-inch diameter pipeline that would transport crude oil from Canada, through Montana, South Dakota, and Nebraska. Along with transporting oil from producers in Texas, Oklahoma, Montana and North Dakota (Figure 1).

On the 9th of February 2004 TransCanada Corporation, an energy company based in Alberta, Canada proposed a plan for the installation and use of a pipeline that would stretch from Alberta, Canada to oil refineries in the Gulf Coast of Texas in the United States. The pipeline, titled the Keystone Pipeline, would be installed in four separate phases and once completed would transport up to 1.1 million barrels of synthetic crude oil per day. Phases two through four of the pipeline encompass the parts of the pipeline that would be installed in the United States and would be located in the states of North and South Dakota, Nebraska, Missouri, and Illinois. TransCanada is currently awaiting approval from the US government in order to

Controversy is no stranger in the United States of America. Daily numerous new controversies are generated in politics, news media and in our personal lives at home. Recently in the past few years, the news media has been vastly covering an ongoing political debate about the construction and proposed expansion of a pipe system to transport crude oil from the Alberta province in Canada to the Gulf Coast region of Texas by the TransCanada Company. The pipeline infrastructure in place known as the Keystone Pipeline would now feature a larger section, which would be known as the Keystone XL. Many arguments to be analyzed involving economics, environmental and safety have been generated for and against this proposed Keystone XL construction.

Pipeline transportation has been around for many years and is very contributory to the United States transportation system. According to Pipeline101 (2016d), the use of pipelines for oil transport has been around since the 19th century (p. 1). The first pipes only went a short distance, and delivered oil from drill holes directly to tanks or refineries (Pipeline101, 2016d, p.1). As the demand for products increased, so did the pipeline industry. During the 1860s, pipe material changed from cast or wrought iron to steel (Pipeline101, 2016d, p.1). In the beginning of the 20th century, the oil business shift from kerosene lamp oil to gasoline in an effort to keep up with the rise of automobile production (Pipeline101, 2016b, p. 1). After some successful years of business, the Federal government felt the need for involvement and passed the Valuation Act in 1913 as their first attempt in the ratemaking (Pipeline101, 2016b, p. 1). Within twenty years’ crude oil pipes were running across most of the nation (Pipeline101, 2016b, p. 1). Just as things were going well, oil production declined throughout the lower states and the petroleum supply was mostly derived from Canada and overseas (Pipeline101, 2016c, p. 1). Companies in the Gulf Coast, California, and the Mid-West, quickly assisted (Pipeline101, 2016c, p. 1). In 1968 another concern arose, how to transport oil through the frigid mountains of Alaska. After much research and work, in 1977, the Trans-Alaska Pipeline was

We are venturing into a period of time in which fossil fuels such as oil are starting to share the same importance as water. Looking back in time, an abundance of fossil fuels was not a myth but a reality. However as time went on this resource began to deplete, and landing in present time the façade of abundance quickly faded. Oil deposits are quickly draining and new reserves cannot be found to offset current production. On top of that a major point of concern lies in the fact that oil reserves are not scattered evenly across the globe, meaning that places around the world have to import oil to sustain their needs. A method of solving this issue is through the application of pipelines, which differ from conventional methods such as shipping via rail or sea. This essay will focus on a specific pipeline named the Keystone XL that is located in the United States, and furthermore examine both the positive and negative connotations associated with this controversial project. Methods that can help minimize the negative effects on the environment will also be examined, as well as a personal perspective on the project.

The TexasAgs oil company case study gave us insights on different aspects of a negotiation that can happen in real world scenarios. It elegantly portrayed the importance of having a BATNA, setting target and restriction points, impact of the fluctuating markets on the ongoing negotiations, downside of the emotional behavior, importance of having a third party member or mediator in the negotiation. The case illustrates that the negotiations should be based assumptions as they may or may not be right. Having facts and understanding the other parties true objectives and goals are truly essential in negotiation. It is a typical example of how the current power on one side can dominate and take complete advantage of their position.

Pacific Oil Company is a Sweetwater Oil company of Oklahoma City, Oklahoma. It was founded in 1902. One of the major chemical lines of Pacific's is the production of vinyl chloride monomer (VCM).

Exxon and Chevron are no doubt some of the leading incorporated oil companies on the globe. Exxon Corp. is the second largest oil firm after Royal Dutch Shell, it is respected for getting the biggest revenue return in 2008 which no company in the U.S. have ever reported before. According to Wilson (2009) Chevron has managed to show a lot of profitability in the market despite the decease in its oil production. It graded as one of firms which made a billion dollars profit within a week in the period of July to September 2008. Regardless of profitability trends set by the two oil firms in the U.S. market, they have been facing financial decline like the rest of the companies in other industries. The two firms are like two sailing ships which are taking longer time to sink. In the last few years, the production capacity of Chevron and Exxon has decreased and their listings on the stock market have become weak. The continuation of construction and drilling which requires billions of dollars in expense of oil production might make them experience a bigger financial crisis (Wilson, 2009).

The Pacific Oil Company a well-established oil company with an assorted diversified product line including “Vinyl Chloride Monomer (VCM)”. (Lewicki, 2010, p. 583) As one of the pioneer producers of VCM, Pacific Oil cornered the market share for contracting, distributing and selling their niche product, VCM worldwide. One of Pacific’s longtime customers was Reliant Corporation. This partnership was more than a decade old and was strong. However, if Pacific Oil decided to further diversify its product line to include Polyvinyl Chloride (PVC) a VCM derivative, “it would not want to be in the position of supplying a product competitor with the raw materials to manufacture the product line, unless the formula price was extremely