Union Oil Company of California

The United Oil Company of California (Unocal) made the decision in the 1990’s to invest in energy projects outside of the United States and chose to invest in the “Yadana field” pipeline. There are many stakeholders involved in the international “Yadana Field” natural gas project. Unocal, Thailand’s PTT Exploration and Production Public Co., Total S.A., and the Burmese government (Myanmar Oil and Gas Enterprise) along with the employees of these companies are all major stakeholders in the project. These were the main participants that would directly benefit as a result of the project. The people who were living in the area that the pipeline was to be

The passage I will analyze in this close reading is from the works of Theodore

In the political cartoon drawn by Taylor, you notice a large amount of symbolism. John D. Rockefeller is seen holding the White House in the palm of his hands; surrounding him, hundreds of oil barrels and the Capitol building pictured as an oil refinery. This image literally symbolizes the power oil companies' —specifically Rockefeller's Standard Oil Company's— power over the economy and the government years after the Civil War.

Would you rather take risks or be cautious and never take a risk? John D. Rockefeller started his own oil company risking everything he had in order to accomplish his dream and he did. You should take more risks because you will learn from your mistakes, be more prepared and you can reach your goals.

In 1859 Edwin Drake and E. B. Bowditch of the Seneca Oil Company drilled the first commercial oil well in the United States in Titusville, Pennsylvania. The well produces about 500 gallons of oil a day and over time has increased. Soon, similar wells all over western Pennsylvania were providing crude oil for kerosene production that was needed to fuel the nation 's streetlights and house lamps. “The lighter boiling component, gasoline, was discarded, since it had no market. There are historical reports that "waste" gasoline, which had been dumped into rivers, sometimes caught fire. In 1892 the first gasoline-powered engines, for both car and tractor, were developed: This soon provided a market for the once useless substance, gasoline”

Pacific Oil went into negotiations with Reliant Manufacturing with a goal to sign a longer-term agreement. Fontaine had started the process several years before the contract was up, hoping to beat her competition to the lower price offers and leave with a contract extension of 5 years. Pacific Oil was only trying to secure an extended contract due to market uncertainty and while the company continued to investigate the potential business venture of manufacturing PVC for themselves. Fontaine and Gaudin’s assumed that there would be no objectives or hurdles and that the principal point in the negotiation would be the final price.

o Revenues minus expenses determined the cash flows for years 1984-1991. The cash flows cease in 1991 after all oil and gas reserves are liquidated. The cash flows derived account for the liquidation of the oil and gas assets only, and do not account for liquidating other assets such as current assets or net properties. The cash flows were then discounted by net present value using Gulf 's cost of capital as the discount rate. Total cash flows until

In 1870 John D. Rockefeller started Standard Oil Co. and it quickly became the largest petroleum products company in the world. By 1890 Standard controlled 90 percent of refined oil in the United States and was sued by the state of Ohio for its anticompetitive practices. Standard Oil of Ohio which was its original name simply broke the company into 41 separate companies, and controlled them through the new Standard Oil Trust, legally known as Standard Oil Co. of New Jersey. Because there were no federal laws prohibiting anticompetitive behavior in business Standard Oil was able to avoid any serious repercussions from the government. Standard Oil achieved market dominance by undercutting the competition, arranging special deals with railroads, and aggressively buying out its competition. Between 1902 and 1904 the writer Ida Tarbell, the daughter of a failed oil businessman whose company went under because of Standard Oils practices, wrote a 19-part investigational report into the practices of Standard Oil. These articles led to the wide spread public outcry for the government to do something about Standard Oil and monopolies in all other industries. In 1911 Standard Oil was sued by the United States and the case reached the Supreme Court. Under the Sherman Act the government alleged Standard Oil was a monopoly and abused its monopolistic power to restrain trade through predatory pricing and unfair deals with railroad companies.

Edwin Drake an employee working for a Pennsylvania Rock Oil Company. Drake discovered oil near Titusville, Pennsylvania, which caused oil to become a popular industry. He has discovered the idea of drilling oil out of the ground. Oil wells and pumps developed quickly and became very advanced when Rockefeller started. Andrews, Clark & Company was established in 1863. It was made up of Rockefeller, Maurice Clark, Clark’s brothers and Chemist Samuel Andrews. Oil production was large in Pennsylvania and Rockefeller knew that with the new Atlantic & Great Western Railroad(A&GW) which snaked through parts of Pennsylvania and New York before connecting with the Erie Rail line. This meant that Rockefeller would have access by rail to the heart of the oil region. When Rockefeller started he knew Pennsylvania oil was so far the best quality and in demand so he focused on all the small details to make his system of oil refinement the most efficient. He did this by vertical integration. Rockefeller bought out all the companies he’d need to make his system work. For example he bought his own plumber, plumbing supplies, his own cooperage shop where he constructed his own barrels for the oil. He purchased his own wagons and horses for transporting the wood for the barrels. He also bought all the other businesses needed to make the

This article talks about the leak of the natural gas in the environment and affect hundreds of family in California. This is one of the top methane leak in United States history. The article relates its effects on global warming and environmental pollution.

Answer 1: Unocal is an oil company of California which had operations in all aspects of oil business such as extraction, refining, distribution, marketing and retail. The company decided to invest in projects outside U.S because of depletion of oil fields in the U.S hence it decided to invest in the “YADANA FIELD” in Burma. Unocal paid $8.6 million to Total SA to become 28, 26% of the Yadana

At the Brown Auto Company, the two partners divided the operational responsibilities. Robert performed the duties of the primary salesman and the chief mechanic whereas his brother, Harry, more commonly called Skin, ran the office. The Ford Motor Company shipped each Model T, colloquially nicknamed the Tin Lizzie, into Bradley on the Chicago, Milwaukee, & St. Paul Railroad only partially assembled. Since the body, frame, engine, wheels, doors, and windows, each came as parts; the brothers completed the assembly on the rail siding before driving them to the garage.

Exxon Mobil Corporation is a leading company in the world. It is one of American’s best employers and a world leader for valuable brand products. The company markets and operates products throughout the U.S. as well as most countries of the world. Exxon Mobil produces several different products for consumer use. Exxon Mobil is the leader over three different brands: Exxon, Esso, and Mobil. These three different brands are leading producers in the world’s fuels, services and lubricants for both private and commercial sale. The corporation produces different fuels, petrochemical materials, and motor lubricants. According to the corporate Exxon Mobil website, their guiding principles is “Exxon Mobil Corporation is committed to being the world’s premier petroleum and petrochemical company. To that end, we must continuously achieve superior financial and operating results while simultaneously adhering to high ethical standards.” While Exxon Mobil was founded by John D. Rockefeller in 1882, the history of oil began in 1859 in Titusville, Pennsylvania by Colonel Edwin Drake and Uncle Billy Smith. Those two men are credited with drilling the first successful oil well. From that point forward the Standard Oil Company began and started producing oil related products such as gasoline, engine oils, and other motor lubricants. As the years progressed, the company began expanding to several locations in America with different brands such as Esso, Mobil and Exxon. In 1926, the Standard

The first case that we are going to talk about is an American company from Texas called Chevron. Chevron is an oil company that had started to drill for oil in South America, while this company was in South America; they developed very poor environmental skills (ChevronToxico, 2014). While chevron was in Ecuador they used cost cutting techniques, and under developed technology (ChevronToxico, 2014). These cost cutting techniques that chevron had used only saved the company 3 dollars a barrel of oil, but allowed them to dump waste and leave toxic waste pits all over the rain forest(ChevronToxico, 2014). By the time Chevron had been done drilling for oil and left the forest they had left more than 1000

Frankie Yankovich, who is a registered securities broker employed by Blanche Carte INC., made statements to potential investors that he had inside information about GLUT. GLUT is an Oil & Gas Exploration Corporation whose stock was traded in the over-the-counter market. The statements made by Yankovich include (1) that vast amounts of gold had been discovered in Yukatan and that GLUT had options on thousands of acres in the gold-producing regions of Yukatan, (2) the discovery was “not publicly known, but would be subsequently announced”, and (3) when this information was made public, GLUT stock would increase to $10.00 to 415.00 within a short period of time and might increase to $100.00 per share within a year.