Forces and Trends in the Oil and Gas Industry

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The price per barrel has now reached $80 per barrel. The demand for oil and gas equipment is at an all-time high. Companies such as Cameron International Corporation have a record “$3.8 billion dollar backlog” (2007) of equipment orders. They cannot build the equipment fast enough...
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They cannot build the equipment fast enough. Why is this occurring? This paper will explore some of the trends and forces in the oil and gas business. Trend of Supply and Demand “Rising demand, continued product restraint by OPEC, and moderate increases in non-OPEC supply have kept oil prices firm in recent months” (Spears and Associates, 2007)...
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Environmental effects on sub Saharan Africa Oil pollution is an important and controversial subject of discussion in sub-Saharan Africa. In countries such as Nigeria and Angola, where the principal source of revenue is oil, debate on the impacts of oil exploration and development on the environment and the health of the community occur frequently between government, local citizens, environmental groups and oil companies...	5 / 1165
We Need More Help By Michael Ginn Increasing demand for natural gas is prompting the higher prices nationwide. Supplies are tight because dozens of new natural gas- burning power plants have opened around the country...	2 / 559
Increasing the U.S. gas tax 20% to increase natural gas supplies will boost economic development and will promote environmental protection, Increasing the U.S. gas tax 20% to increase natural gas supplies will boost economic development and will promote environmental protection, while ensuring more stable prices for natural gas customers...	4 / 984
Managerial Economic Report on Oil and Gas Sector, 2008 The global demand for petroleum products grew strongly over the year reflecting a growth of 1.5%, though there was marginal decrease in demand for the OECD (Organisation for Economic Co-operation and Development) nations due to sluggish economic activity, higher oil prices and mild weather conditions...	7 / 1762
Global Depletion of Oil BACKGROUND: Oil for the longest time has been a major energy source giver to various sectors of our society. However, we are soon to be approaching a phase where this luxury will be taken from us...	3 / 736
Renewable Alternatives to Oil Biofuels will be a major role in our energy future. How much will it do for us? It has the potential to satisfy much of the ever increasing global demand for transportation fuels in the coming decades...	4 / 841
Alternate Energy Sources Specific purpose: I will inform my audience of how alternate energy sources help protect the environment, different types of energy sources, and the most plausible alternate energy to be used in the future...	3 / 814