Energy Industry

Energy Industry Essay example
High school
Essay
Marketing
Pages 5 (1255 words)
Download 0
Title Name of the Student Course Name of the Professor Date of Submission The United States have gained the global prominence as leader in the production of oil in this century although there are critical setbacks on its level of distribution, based on reports…

Introduction

Alaska, California, Louisiana succeedingly ranked in its respective slate in 1989 for generating 41% of oil but have degraded its supply contribution to 17% of total oil output recently (Styles, 2013). This decline is supplemented with the development of extractive industry at New Dakota which replaced Alaska in 2012and is contributed further by Colorado, Oklahoma and New Mexico’s rigs (Styles, 2013). The risk however is showed by oil generation reduction when the principal pipeline of onshore oil production became a funnel for oil importation (Styles, 2013). There is imminent reduction of New Mexico’s oil supply too following the Deepwater Horizon incident in 2010 (Styles, 2013). Economists recognized that the challenged nowadays is how the oil supplies from the upper part of the country to be distributed in the regions needing more of oil supply efficiency for domestic market demands (Styles, 2013). Such meant that the company therefore should be re-strategizing its ways to balance the distribution of oil from region with crude surplus to other areas by transporting or shipping the refined products via multiple tankers to the Midwest (Styles, 2013). ...
Download paper
Not exactly what you need?

Related papers

Automotive Industry Transformed. A Global Perspective on Greening Marketing Practice.
The concerns were in general provided to the decreasing level of energy resources on earth and the increasing level of global warming due to the rapidly increasing number of automobiles used in the era. In order to minimise the impact of automobiles on the ecological balance of earth, the industry players introduced technologies which were built with the focus on fuel efficiency and minimum…
Australian electronic tablet industry
Apart from assessing the demands and wants of consumer the report will analyze the porter’s five forces with respect to the electronic computer industry within the Australian market. The report will also highlight on the cultural differences between the two countries based on Hofstede’s cultural dimension model. The key finding of the report is the existence of huge demand for tablet pc in…
Marketing: Industry Forecasting
In the 20th century, vehicles that used electricity came into being for a brief spell then vanished from the scene only to reappear later in the 21st century. Due to the increase in fuel prices and the need to conserve the environment, the company produces products that address these issues. The company indulges in the production of very many vehicles that use a wide range of energy sources. It…
Analyzing Case Study
The analysis will take into consideration the actions and decisions of the energy industry regulators to promote competition in the industry. United Kingdom Energy Markets As demonstrated by the actions of British Gas and the Scottish and Southern Energy, the energy market in U.K is characterized by collusion and cartels. These oligopolistic market structures enable the six larger firms in this…
The Oil Industry Essay
The first companies progressed to attain revenues that offset their high costs. In this sense, they became monopolies. The main reason of monopoly pertained to the fact that it was becoming difficult to attain the minimum efficient scale. The established companies were experiencing economies of scale. However, this trend stalled on the formation of unions such as oligopoly. The OPEC was composed…
Economy : Industry : Company analysis
The two graphs presented belong are indicating two different indicators, one is the GDP growth rate of the e country and the other one is the Australian Inflation rate. The two different kind of indicators helps to find out the rate at which the economy of the country is progressing and the rate at which the inflation deflated the GDP (Funder 2003, 122). Fig1: Australia GDP growth rate Source:…
External Analysis on Noble Energy INC
An organization is directly impacted by the occurrences of the external environment in which the organization functions. Moreover, the external environment provides the impetus and paradigm that shapes the function of a company. A number of reports and observation of the eminent scholars reflected that organization having the ability to adjust itself to the exterior environment, essentially…