Petroleum - An Analysis and Critical History - Coursework Example

Comments (1) Cite this document
Summary
This paper focuses on the analysis and critical history of petroleum. With the efficiency has come technological infrastructure both in terms of consumption and production. Oil consumption is recognized to carry with it a formidable amount of concerns in terms of over-reliance, cost, and pollution…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.4% of users find it useful
Petroleum - An Analysis and Critical History
Read TextPreview

Extract of sample "Petroleum - An Analysis and Critical History"

Download file to see previous pages The value of oil as a natural commodity has resulted in the development of a multi-trillion dollar multinational oil industry. In the United States, this industry emerged during the early parts of the 20th century through Standard Oil. Different interpretations of this organizations’ strategic business processes exist, with some sides arguing that the organization implemented nefarious business practices, while others indicating they were part of the general capitalist spirit (Parra 2009). In either case, Standard Oil developed a monopoly during the 20th century that was eventually broken up. The divided pieces now globally represent the major corporations involved in the procurement, processing, and sale of petroleum. These oil organizations argue that they are providing a valuable and necessary service to the world, as well as fulfilling their obligations to their stakeholders. Considerable controversy has arisen, however, surrounding the extent that these oil companies are acting in the best interests of the public, as petroleum has been intimately connected with large-scale environmental concerns and political strife. One of the crucial truths about oil is that it is a dwindling resource. While peak oil scenarios vary among theorists, most researchers agree that in the United States oil reserves peaked in the 1970s (Deffeyes 2006). In the United Kingdom, oil production has increasingly pushed suppliers into the turbulent North Sea area. In the Middle, East oil has both united regions, as with Saudi Arabia, but also created incidents of severe political strife. Still, perhaps more troubling are the entrance of multinational oil firms, such as Shell and Chevron, into highly marginalized world regions such as Africa (Barsky & Killian 2004). While the infusion of capital into these regions has been welcomed, the lack of strong and developed political and cultural infrastructure has created oftentimes-unstable situations. Additionally, the multinational organizations in these regions frequently operate under less than optimal regulatory conditions (Barsky & Killian 2004). The combinatory effects of such an environment raise a number of challenging questions regarding corporate social responsibility. A number of theorists have considered many of the factors that directly contribute to political strife that arises as a direct result of petroleum acquisition and production. Zalik (2009) notes that oil is characteristically pre-informational as it is location-specific. The considerable infrastructure costs surrounding this resource creates situations where an organization cannot simply decide to relocate when confronted with challenging circumstances. Such ‘boundedness’ as Zalik (2009) terms it is understood to be a major contributing factor to conflicts surrounding oil. Cameron and Palan (2004) further contend that the position of the petroleum within this paradigm of boundedness has a further contributing effect on the potential of corporate or regional deviance. Namely, offshore drilling, or production removed from social centers, holds more potential for deviance as it occurs in a region that is removed from direct and regular observation; this effectively limits adherence to institutional and social pressures. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Petroleum: An Analysis and Critical History Research Paper”, n.d.)
Retrieved de https://studentshare.org/business/1398067-petroleum
(Petroleum: An Analysis and Critical History Research Paper)
https://studentshare.org/business/1398067-petroleum.
“Petroleum: An Analysis and Critical History Research Paper”, n.d. https://studentshare.org/business/1398067-petroleum.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ke
kemmerruss added comment 2 months ago
Student rated this paper as
At first, I thought 10 of pages is too much for such a subject. But now I see it could not be done better. As the author starts you see the difficulty of the issue. I’ve read all at once. Great example

CHECK THESE SAMPLES OF Petroleum - An Analysis and Critical History

Critical Analysis

...?Critical Analysis Table of Contents Critical Analysis Table of Contents 2 Introduction 3 Focus 4 Analysis 5 Conclusion 8 References 9 Bibliography9 Introduction The era of globalisation and competition has led to a situation of intense market competition. Business organizations are getting engaged in price wars that have severely eroded the bottom lines of business organizations. Firms in highly competitive environment are looking to attract new customers by competing on the basis of pricing strategies so as to gain an edge over their competitors. Predatory pricing is one such strategy that is being used by business organizations across the globe....
7 Pages(1750 words)Essay

Critical analysis

...relatively depicts a social stratification in the Japanese civilization, in which women are significantly controlled by the men. Photography, in history, took part in the employment of modernist thinking that criticizes “high and low cultures”, which are clearly conveyed in early Marxist writings (51). It was mentioned earlier that nude photography is possibly ascribed from the 1940s and 1950s. But it can be postulated that it was not as common prior to the 1940s. While obscene photography is prevalent today, there yet have been negative connotations in regards to the acts of posing in indecency and lewdness in public. But what is more significant in this contemplation is the manner in which modernistic...
3 Pages(750 words)Essay

(Critical Analysis)

...? Critical Analysis of a Film Introduction This paper will critically analyze the film produced by Lionsgate and Reuben Cannon production titled ‘I can do bad all by myself’ dwelling on the need to elaborate and apply interpersonal theories and general interpersonal communication, which is brought out by this film. The movie was released on the 11th September, 2009. Critique The film is centered on the reality of family struggles and life challenges in general. The film includes 16 years’ old character named Jennifer, who has taken the responsibility of taking care of her brothers. She goes to the extent of looting to ensure that her sick brother gets daily medicine for his survival. The film shows some religious institutions... Critical...
3 Pages(750 words)Essay

British Petroleum Africa Business Analysis

...? BP Africa business analysis Contents Contents 2 Introduction 3 Advantage of first move 4 Advantage of deployment 6 BP Business analysis methods 7 Recommendations 9 Conclusion 10 Bibliography 10 Appendix 11 BP cash flow statement 11 Introduction Marketing strategies are the actions taken by a certain business to out do fellow competitors in terms of customers turn out, which increases returns (Brown, 2010). It can also be described as the optimal utilization of a business/ company resources to beat fellow competitors and increase the sales. The process begins with analyzing the current situation of a certain business then formulating ways to achieve specific goals. BP is a multi-million multinational oil...
11 Pages(2750 words)Case Study

British Petroleum Plc IT Analysis

...? British Petroleum Plc IT Analysis Presented by Question 3 Based on the strategy BP are using in relation to thiscontents, Advise on which of the above strategic options should be implemented, which should be implemented first, and why? In relation BP strategy, two options in strategic clock strategy should be utilized, cost leadership and differentiation. BP aims at incorporating the present technology in all its operations in order to become independent with the rapid advancements in the business environment. The adaptation of cost leadership and differentiation strategies will help the company reach the next level through increased business efficiency, improved data processing and storage among other...
4 Pages(1000 words)Assignment

Petroleum

...CHEMISTRY PART -A ASSIGNMENT 3 Due 31.03.2008 AN INVESTIGATION OF THE PETROLEUM INDUSTRY Write a brief account of how petroleum was formed and is now found in subterranean deposits. Petroleum was formed by the decay of buried animals and plants long time ago (Hart, 101). In places where buried animals and plants lied above sedimentary rocks, the decayed material (liquid) could not seep through. Hence, this liquid remained there for ages as deposits. Today, this decayed material can be recovered as petroleum by drilling and pumping. 5 marks 2. Primary treatments: briefly describe the process of Fractional Distillation of Petroleum. You must...
4 Pages(1000 words)Lab Report

Critical Analysis

...Delineating Trends in Intimate Relationships Relationships are the foundation of human survival in many respects. Here we review the current findingsfrom research on relationships. From these findings, we aim to generate additional research questions to explore. In Foundations of Interpersonal Trust, Jeffry A. Simpson discusses how close relationships and interpersonal processes from different theoretical perspectives (Kruglanski, A.W. and Higgins, E.T. (Eds.), 2007). His research on empathic accuracy explores how accurate people’s inferences about their partner’s mindset during conflict resolution and problem solving might be. He found people use differing social tactics to persuade their partners and that certain tactics tend... Trends in...
2 Pages(500 words)Essay

Non-Market Analysis of British Petroleum (BP)

...Non- Market Analysis of British Petroleum Introduction  Market as well as non- market forces have a role to play in the business world. But often non- market forces are not considered by the companies to be effective in shaping the market environments. Non- market forces are taken for granted and actions to control them are often unplanned resulting into huge control costs as well as damage to company’s market forces. British Petroleum Plc (BP), a leading energy company, is facing these days a non market happening of oil spill in the Gulf of Mexico. In order to understand theses impacts of non- market events, the recent oil spill happening pertaining to British Petroleum...
10 Pages(2500 words)Research Paper

Critical Analysis

...Critical Analysis of “Black Men and Public Space” d psychologist and Brent Staples delves into the little known fact that all the way back in the 1970s, the White Americans had already been doing racial profiling on African Americans. This was long before the events of 9/11 and for reasons far different that the threat of potential terrorist attacks. As an African-American with a high degree of tertiary education, Dr. Staples had the opportunity to travel to parts of the United States in his capacity as a graduate student. This time of academic education also served up lessons about social and psychological education for him in unique settings as well. The essay opens up with the story of Dr. Spiners...
3 Pages(750 words)Essay

History of the British Petroleum Company

.... It will be important to ensure that a participatory environment is created during the formation of the coalition so as to adequately reign in those that might happen to believe that they have all the answers. References Cavnar, B. (2010). Disaster on the horizon: high stakes, high risks, and the story behind the deepwater well blowout. Chelsea Green Publishing. Ferrier, R. W., & Bamberg, J. (1982). The History of the British Petroleum Company. Cambridge: Cambridge University Press. Juhasz, A. (2011). Black tide: The devastating impact of the Gulf oil spill. Hoboken, NJ: John Wiley & Sons, Inc. Rappaport, A. (1999). Creating shareholder value: a guide for managers and investors. Simon and...
6 Pages(1500 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic Petroleum - An Analysis and Critical History for FREE!

Contact Us