Nobody downloaded yet

The US Oil Refining Industry - Annotated Bibliography Example

Comments (0) Cite this document
The paper “The US Oil Refining Industry” will give an overview of how more refineries in the United States would affect the economy. The debate over the impacts of a growing number of refineries in the U.S on its economy is a very intricate one…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
The US Oil Refining Industry
Read TextPreview

Extract of sample "The US Oil Refining Industry"

Download file to see previous pages These problems can equally be attributed to utility deregulation. All these problems in the energy sector in the US have been argued to have stemmed from both the environmentalists and the federal government of the US. It is argued that they discouraged oil exploration by investors in the 1990s. The rising oil prices have been blamed on Organization of Petroleum Exporting Countries’ planners and the domestic refineries failure to do proper calculations .
It is from this background information that the ensuing discussion will give an overview of how more refineries in the United States would affect the economy. The debate over the impacts of a growing number of refineries in the U.S on its economy is a very intricate one. It can be appropriately examined by putting into consideration the arguments that persons pursue. These would be the explanations that they offer in backing their claims as well as the evidence that they provide in support of those claims. Some contend that a growth in the number of refineries in the U.S would responsible for the inflation of the economy. This is because they reduce the rates of competition while at the same time contributing to the inflation of prices. There is equally an argument that a growth of refineries in a country increases the number of chemical substances released into the atmosphere. These chemical substances are potential harmful and they will lower the economic growth of a country.
It is contended that a growth in the number of refineries will create job opportunities for the citizens of a country. The refineries will equally be a significant source of revenue to the government. The creations of job opportunities for the citizens as well as revenue for the government all have one thing in common. They improve the economic growth of a country. The growing concentration in the proprietorship of the refinery industry is decreasing competition and thus underwriting price inflation. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The US Oil Refining Industry Annotated Bibliography”, n.d.)
Retrieved from
(The US Oil Refining Industry Annotated Bibliography)
“The US Oil Refining Industry Annotated Bibliography”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The US Oil Refining Industry

Oil & Gas Operations Industry

...the value of shares that are traded in other currencies such as Chinese Yuan. This has significantly affected the accuracy of valuation of the portfolio as the exchanges rates are mere estimates. Different trends are made clear by use of tables and graphs. At the end, I have carried out a percentage analysis and found that the shares have fundamentally lost value. I have also used the Dow Jones Industrial Average as a benchmark to assess the performance of my portfolio. Investment Analysis A brief overview of Oil & Gas Operations Industry The oil and gas industry is operating under a challenging and a dynamic global...
12 Pages(3000 words)Research Paper

US Gulf Oil

... US GULF OIL. The two articles bring out a sharp contrast between those who are for the oil drilling process and those against it. Kent Gaber in his article argues that there is the need for oil therefore; offshore drilling of the oil is the solution to the escalating oil prices. The politicians are also in support of the expansion of the drilling area to increase production of oil in order to curb the energy crisis in the country whereas Bob Keefe is more concerned of the effects to humanity and the aquatic life that would come about as a result of conducting this exercise. Gaber is for the opinion that majority of the Americans are in favor of the oil drilling process for the hope of the reduction of oil prices but kefee argues... process...
4 Pages(1000 words)Essay

The Oil Industry

...The oil industry The oil industry is not a modern development. It traces back its history to ancient ages. The only problem that has necessitated changes pertains to refinery and exploitation of oil. The modern oil industry emanated from an invention by Colonel Edwin drake. It involved a steam-driven rig for drilling. This set up an expensive machine that most individuals could not be acquired. The only strategy was to harness resources for acquiring of such machines (Clo 6). The machines became more expensive to acquire as time progressed since the demand of oil necessitated very quality production. The...
6 Pages(1500 words)Essay

Nationalization of Oil Industry

...Nationalization of Oil Industry The Argentinean President, Cristina Fernández de Kirchner has announced in mid that Argentina would take control of its biggest oil producer, YPF, from its Spanish owner, Repsol. This has created significant commotion in the international forum. Repsol has faced sharp losses owing to the unexpected expropriation of its Argentinean business. The amount of compensation to be paid by Argentina against its seizure of shares from the company is yet undecided. While nationalization of YPF is expected to act in favour of Kirchner financially and politically, greater concerns cloud around the future investment climate in the economy and its relationship with its...
7 Pages(1750 words)Essay

Nationalisation of Oil Industry

...?Nationalisation of Oil Industry in Argentina Introduction Minder s that Argentina, like many other South American countries, is endowed with vast amounts of oil and gas reserves. Despite its potential, Argentina remains one of the countries that depend much on oil imports from other countries. Argentina is reported to have found itself in this unfortunate situation following the privatization of one of its largest oil and gas companies, YPF Oil and Gas Company, in the 1990s (Minder 2012). YPF was later on sold off to the Spanish company Repsol. However, Argentina has been forced recently to reverse its earlier decision to privatize the...
6 Pages(1500 words)Essay

Chevron Corporation

...and transportation, chemicals manufacturing and sales, geothermal and power generation. Chevron's operations spread over various industries such as oil and gas exploration and production, oil and gas refining, marketing and transportation, chemicals, financial services and retail. The second-largest US integrated oil company (behind Exxon Mobil) has proved reserves of 10.8 billion barrels of oil equivalent and a daily production of 2.6 million barrels of oil equivalent, and it also owns interests in chemicals, pipelines, and power production businesses. The company owns or has stakes in 9,700 gas...
17 Pages(4250 words)Case Study

Oil Industry

...The Price and Output of Oil in the Next Five Years Organization of the Petroleum Exporting Countries (OPEC) is a cartel aimed at coordinating and unifying the petroleum policies that govern the member countries in ensuring stabilization of the markets of the oil so that they secure an economic, efficient and a constant supply of the petroleum to the consumers, a stable income to the producers and a good return on capital to the ones investing in petroleum industry (The Economist Newspaper Ltd, 2004, pp.8378-8381). Demand and supply characteristics of oil The market for the oil is very unusual. In the short-term, both the supply and demand are highly...
7 Pages(1750 words)Essay

CSR strategy in the oil and gas industry

..., deeper in the sea, which has resulted in numerous achievements over time in the industry. Petroleum is a crucial element to the economy with numerous applications across all industries, and it is, therefore, critical to maintain the supply to drive the global economy. Apart from driving the global economy, the industry provides employment opportunities to thousands of worker around the world. In the United States, the industry provides employment to about 9 million people, which accounts for 5% of the country’s total employment. In addition, oil and gas industry tops the list of revenue generation through taxation, and its contribution...
5 Pages(1250 words)Term Paper

Industry Analysis - Application to the Oil Industry

...Industry Analysis (Application to the Oil Industry): BP Case Study Suppliers What indicator can help you make a judgment about their power to influence the profitability? Answer Suppliers play an imperative role in the success of any business. As such, a supplier may affect the profitability of a company either positively, by boosting it or negatively, by reducing it. This is what forms the power of suppliers. A supplier has powers to determine the profitability of a company, and in the case of the oil industry, the suppliers of BP can either assist it to become more prosperous and productive or to lose their market and make losses. This stems from the...
3 Pages(750 words)Case Study

Oil and gas industry

...Effect of the Oil and Gas Industry on the Environment The oil and gas sector is one of the leading industries across theglobe. Its revenues are enormous, so are the costs of giving the consumers with the energy they need. America consumes more than 19million oil barrels every daily (Scholastic and Crane 9). The oil and gas sector supplies more than 60 percents of the nation’s energy. It also plays a crucial part of the American economy. The U.S is among the leading producers of oil globally (Vassiliou 70). As of 2011, the sector accounted for 12.2 percent of the gross domestic product. As production and consumption...
2 Pages(500 words)Essay
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 Annotated Bibliography on topic The US Oil Refining Industry for FREE!

Contact Us