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oil refinery resume May 3 TAP line from Saudi Arabia to systems essay the Mediterranean interrupted in Syria, creating all-time tanker rate highs from June to December. Sep 4 - Oct 9 Libya raises posted prices and increases tax rate from environment and development, 50 percent to 55 percent. Iran and Kuwait follow in November. Dec 9-12 OPEC meeting in Caracas establishes 55 percent as minimum tax rate and demands that posted prices be changed to reflect changes in foreign exchange rates. Feb 3-4 OPEC mandates total embargo against any company that rejects the 55 percent tax rate. Feb 14 Tehran agreement signed.
Companies accept 55 percent tax rate, immediate increase in belief posted prices, and further successive increases. Feb 24 Algeria nationalizes 51 percent of French oil concessions. Apr 2 Libya concludes five weeks of cover for summer, negotiations with Western oil companies in Tripoli on behalf of itself, Saudi Arabia, Algeria and Iraq. Systems. Agreement raises posted prices of oil delivered to critique resume Mediterranean from $2.55 to $3.45 per barrel; provides for a 2.5 percent annual price increase plus inflation allowance; raises tax rate from a range of 50-58 percent to 60 percent of posted price. Jul 31 Venezuela's Hydrocarbons Reversion Law mandates gradual transfer to government ownership of all unexploited concession areas by 1974 and all their residual assets by 1983. Aug 15 U.S. Government institutes Phase I price controls.
Invoking the powers granted to the president by the Economic Stabilization Act of 1970, President Nixon orders 90-day nationwide freeze on all wages, prices, salaries and rents. Sep 22 OPEC directs members to negotiate price increases to belief offset the devaluation of the essay in a U.S. Belief. dollar. Nov U.S. Phase II price controls begin. Plan is to allow for gradual 2-3 percent annual price increases, however, domestic petroleum prices remain at Phase I levels. Dec 5 Libya nationalizes British Petroleum concession. Mar 11-12 OPEC threatens appropriate sanctions against companies that fail to comply with . . . any action taken by letter for summer employment a Member Country in accordance with [OPEC] decisions. Jun 1 Iraq nationalizes Iraq Petroleum Company's (IPC) concession owned by British Petroleum, Royal Dutch-Shell, Compagnie Francaise des Petroles, Mobil and Standard Oil of New Jersey (now Exxon). Belief. The concessions were valued at over one billion dollars. Jun 9 In a show of support for Iraq, OPEC moves to prevent companies whose interests were nationalized in Iraq from increasing production elsewhere; appoints mediators between Iraq and IPC.
Sep 30 Libya acquires a 50 percent interest in two ENI concessions. Oct 27 OPEC approves plan providing for 25 percent government ownership of essay, all Western oil interests operating within Kuwait, Qatar, Abu Dhabi and Saudi Arabia beginning on January 1, 1973, and rising to 51 percent by essay January 1, 1983. (Iraq declines to agree.) Agreements signed on December 21. Jan 17 President Nixon suspends mandatory oil import quota on No. 2 heating oil through April 30. Jan 23 Shah of Iran announces that the 1954 operating agreement between a consortium of oil companies and Iran will not be renewed when it expires in footnotes essay in a 1979. The consortium was formed in 1954 as a means to settle a dispute between a new ministry in Iran and the Anglo-Iranian Oil Company (AIOC). The consortium included Standard Oil of New Jersey, Standard Oil of California, SOCONY-Vacuum, the Texas Company, Gulf, Royal Dutch-Shell, the Compagnie Francaise de Petroles, and systems the AIOC. Feb 28 Iraq and IPC reach an agreement on essay compensation for nationalization.
Mar Special Rule No. 1 reimposes mandatory (Phase II) price controls on the 23 largest oil companies. Smaller companies, representing 5 percent of the market, enjoy uncontrolled prices. Mar 16 Shah of Iran and Consortium members agree to nationalize all assets immediately in return for an assured 20-year supply of Iranian oil. Mar 16-17 OPEC discusses raising prices to offset decline of U.S. dollar value. Apr 1 OPEC increases posted prices by systems 5.7 percent. Apr 18 U.S. Government ends Mandatory Oil Import Program. Program, established in 1959 by President Eisenhower, had limited imports of crude and product east of the Rocky Mountains to a percentage of domestic crude production. Jun 1 Eight OPEC countries raise posted prices by 11.9 percent. Jun 11 Libya nationalizes Bunker Hunt concession; Nigeria acquires 35 percent participation in Shell-BP concession.
Jun 14 Nixon administration imposes 60-day economy-wide price freeze, superseding Special Rule No. Essay And Development. 1 for oil companies. Aug Libya nationalizes 51 percent of Occidental Petroleum concession and of the Oasis consortium. Aug 17 President Nixon's Cost of essay, Living Council imposes two-tier price ceiling on crude petroleum sales: production of old oil (that produced at or below 1972 levels from existing wells) to be sold at letter for summer employment, March 1973 prices plus 35 cents; production of systems essay, new oil (that produced above 1972 levels from existing wells and oil produced from new wells) to be sold at uncontrolled prices. Sep 1 Libya nationalizes 51 percent of letter for summer, nine other companies' concessions: Esso, Libya/Sirte, Mobil, Shell, Gelensberg, Texaco, SoCal, Libyan-American (ARCO), and essay Grace. Sep 5-9 Conference of less developed countries approves forming producers' associations, calls for withdrawal of Israeli forces from occupied Arab lands. Sep 15-16 OPEC supports price hikes and designates six Gulf countries to negotiate collectively with companies over prices. Other members to essay on nature environment negotiate individually.
Sep Kuwait rejects gradual participation increase plan, insists on immediate 60 percent participation. Oct 6 Beginning of fourth Arab-Israeli War. Oct 7 Iraq nationalizes Exxon and Mobil shares in Basrah Petroleum Company representing 23.75 percent equity in essay the company. Oct 8-10 OPEC meets with oil companies to discuss revision of 1971 Tehran agreement and term on risk management oil prices. Negotiations fail.
Oct 16 The Gulf Six (Iran, Iraq, Abu Dhabi, Kuwait, Saudi Arabia and Qatar) unilaterally raise the posted price of Saudi Light marker crude 17 percent from $3.12 to $3.65 per barrel and announce production cuts. Oct 17 OPEC oil ministers agree to belief use oil weapon in Arab-Israeli War, mandate cut in critique exports, and recommend embargo against belief essay, unfriendly states. Oct 19-20 Saudi Arabia, Libya, and other Arab states proclaim an environment and development, embargo on oil exports to the United States. Oct 23-28 Arab oil embargo extended to belief the Netherlands. Nov 5 Arab producers announce 25 percent cut in production below September levels. Further cuts of five percent are threatened.
Nov 18 Arab oil ministers cancel the scheduled 5 percent cut in production for EEC. Nov 23 Arab summit conference adopts open and secret resolutions on the use of the oil weapon. Embargo extended to Portugal, Rhodesia, and South Africa. Nov 27 President Nixon signs the Emergency Petroleum Allocation Act (EPAA). Environment. Authorizes petroleum price, production, allocation and systems essay marketing controls. Dec 9 Arab oil ministers announce a further production cut of 5 percent for breakfast john, January for non-friendly countries. Dec 22-24 OPEC Gulf Six decides to raise the systems essay posted price of marker crude from $5.12 to chicago style essay book $11.65 per barrel effective January 1, 1974. Dec 25 Arab oil ministers cancel January 5 percent production cut. Essay. Saudi Arabian oil minister promises 10 percent OPEC production rise. J an john, 29 Kuwait announces 60 percent government participation in BP-Gulf concession; Qatar follows on February 20.
Feb 11 Washington Energy Conference opens. Attended by 13 industrial and belief systems essay oil producing nations. Called by U.S. to resolve the international energy problems through economic cooperation among nations. Henry Kissinger unveils Nixon Administration's seven-point Project Independence plan to critique resume make the U.S. energy independent. Belief Systems Essay. Libya nationalizes three U.S. Term Paper On Risk. oil companies that had not agreed to 51 percent nationalization in September. Feb 12-14 Heads of state of essay, Algeria, Egypt, Syria, and Saudi Arabia discuss oil strategy in view of the progress in Arab-Israeli disengagement. Mar 18 Arab oil ministers announce the end of the embargo against the United States, all except Libya.
May 18 Nigeria announces 55 percent government participation in all concessions. Jun 1-3 Arab oil ministers decide to chicago style footnotes essay book end most restrictions on belief essay exports of oil to resume the United States but continue embargo against the Netherlands, Portugal, South Africa, and Rhodesia. Jun 4 Saudi Arabia announces that it will increase its participation in Aramco to 60 percent. Abu Dhabi and Kuwait follow in September. Increases are retroactive to January 1. Jun 13 IMF establishes its oil facility, a special fund for loans to nations whose balance of payments have been severely affected by high oil prices. Jul 10-11 OAPEC lifts the embargo against the Netherlands.
Sep 6 Saudi Arabia increases its buy-back price from 93 percent to 94.9 percent of posted price. Belief Essay. Sep 13 OPEC instructs its Secretary General to carry out a study of supply and term demand in belief systems essay relation to possible production controls. Oct-Nov Saudi Arabians raise tax rate to 85 percent and royalty rate to 20 percent. Nov 15 International Energy Agency formed in essay Paris within OECD framework. Saudi Arabia, Qatar, and United Arab Emirates announce a slight reduction in posted prices and tax rates. Dec U.S. Crude Oil Entitlements Program enacted, retroactive to November 1974. Dec 22 Iraq announces plans to increase its production capacity to belief systems 3.5 MMB/D by 1975 and to 6 MMB/D by 1981. Jan 13 Business Week publishes Kissinger interview hinting at military action against oil countries in case of actual strangulation. Apr 7-15 Preliminary meeting at Paris on world economic crisis between oil-exporting (Algeria, Saudi Arabia, Iran, Venezuela), oil-importing (European countries, U.S., Japan), and non-oil Third World countries (India, Brazil, Zaire). Talks collapse after nations fail to critique resume decide whether agenda should focus on oil/energy issues or have a broader economic scope.
Apr 9 Twenty-four OECD members sign an agreement to belief essay establish a $25 billion lending facility to provide assistance to industrial nations hurt by essay high oil prices. Jun 13 World Bank establishes its Third Window, a fund to essay make loans to countries too rich to qualify for soft no-interest loans, but too distressed to afford loans at the prevailing normal lending rates. Term Paper Management. Action represents significant cooperation between oil-exporting and industrial nations. Sep 24 OPEC announces a 15 percent increase in government per barrel revenues as of October 1. Oct 28 Venezuela and foreign oil companies agree on nationalization as of January 1, 1976. Dec 1 Kuwait and Gulf and BP agree on terms of nationalization. Dec 9 Iraq completes nationalization by taking over the BP, CFP, and Shell shares of the Basrah Petroleum Company.
Dec 22 President Ford signs the Energy Policy and belief systems Conservation Act (EPCA) effective February 1976. Authorizes the establishment of the Strategic Petroleum Reserve (SPR), participation in term International Energy Program, and oil price regulation. Feb EPCA 3-tier price regulation begins. Small changes in Entitlements Program. April - May Lebanese civil war causes drop in Iraq exports through trans-Lebanon pipelines to Mediterranean. May OPEC issues press release vowing to take appropriate measures to protect OPEC interests in light of protectionist actions by certain countries. Sep 1 U.S. stripper well oil prices decontrolled. Dec 14 640 foot Argo Merchant runs aground on the Nantucket Shoals, spilling 7.6 million gallons of No. 6 fuel oil.
Dec Moderates and OPEC hawks disagree on how fast price should rise. Saudi Arabia and United Arab Emirates increase prices by systems essay 5 percent, others by 10 percent. May Fifty percent of Saudi Arabia's 10 MMB/D production is halted briefly due to fire damage to separation facility in Abqaiq field. Prices increase slightly. Jul OPEC prices reunified at essay on community service, $12.70 per barrel as Saudi Arabia and UAE fall into line, then official price rises to $13.66 per barrel.
Oct 23 Dry dock complex opens at Bahrain; only systems facility between Portugal and Singapore capable of servicing VLCCs. Mar Amoco Cadiz tanker runs aground off the coast of France, spilling 1.6 million barrels of critique, crude oil. (Largest crude spill to systems essay date.) June Iran and term paper on risk management Saudi Arabia block efforts of systems, OPEC price hawks to fix the price of OPEC oil in a currency more stable than the U.S. dollar. Say world economy cannot support associated price increases. Footnotes Essay In A. Are accused by hawks of being U.S. agents. Sept Shah puts Iran under military rule. Muslim leader Noori arrested in crackdown of belief systems, opposition groups. Oct Iranian strikes; departure of foreign technicians. Oct Pipeline fire drops Iraqi production 300,000 to chicago in a 600,000 barrels per day.
Nov Iranian oil production starts dropping. Dec Iranian production hits 1.5 MMB/D in mid-December; 500,000 on December 27, a 27-year low. OPEC production rises 1.6 MMBD over two months due to increased Saudi production. Dec 17 OPEC decides on a 14.5 percent price increase for 1979, to be implemented quarterly. Jan 16 Shah leaves Iran on vacation, never to return. Bakhtiar government established by belief the Shah to preside until unrest subsides. Jan 20 Saudi Arabia announces drastic cut in john steinbeck first-quarter production. 9.5 MMBD ceiling imposed. Although actual cuts never reach announced levels, spot prices of Middle East light crudes rise 36 percent. Jan 20 One million Iranians march in Teheran in essay a show of support for the exiled Ayatollah Komeini, fundamental Muslim leader.
Feb 12 Bakhtiar resigns as prime minister of Iran after losing support of the military. Mar 5 Iran resumes petroleum exports. Spring Gasoline shortage/world oil glut. Mar 26 OPEC makes full 14.5 percent price increase for chicago footnotes in a, 1979 effective on April 1. Marker crude raised to $14.56 per belief essay, barrel. May DOE announces $5 per barrel entitlement to importers of heating oil. Saudi Arabia announces intention to increase direct sales and to john sell less through Aramco. Both announcements send prices higher. Jun 1 Phased oil price decontrol begins. Involves gradual 28 month increase of old oil price ceilings, and slower rate of increase of new oil price ceilings. Jun 26-28 OPEC raises prices average of 15 percent, effective July 1.
Oct Buy-Sell Program sales average more than 400,000 B/D from October 1979 through March 1980 - highest level since February 1976, due to emergency allocations. Oct Canada eliminates light crude oil exports to belief systems U.S. refiners, except for those exports required by operational constraints of pipelines. Nov 4 Iran takes western hostages. Nov 12 Carter orders cessation of Iranian imports to resume U.S. Nov 15 Iran cancels all contracts with U.S. oil companies.
Dec 13 Saudi Arabia raises marker crude price to $24 per barrel. May Saudi Light raised to $28.00 per barrel, retroactive to April 1. Apr-Sep Buy-Sell Program allocations drop to average of 120,000 B/D for belief systems, period April to service benefits September 1980. Sep 17 Iraq breaks 1975 treaty with Iran and proclaims sovereignty over Shatt al-Arab waterway. Sep 23 Iraq invades Iran. Belief. Mutual bombing of paper management, installations. Nov 10 Iraq captures southern port of Khorramshahr. Nov 20-24 U.N. gulf war mediator Olaf Palme makes first unsuccessful peace shuttle between Tehran and Baghdad. Dec Collapse of OPEC's pricing structure. Saudis use $32 per belief essay, barrel marker, others use $36 per critique resume, barrel benchmark. Jan 28 President Reagan lifts remaining domestic petroleum price and allocation controls originally scheduled to essay expire in September 1981.
Apr After meetings in Baghdad and Teheran, attempts by nine Islamic Conference leaders to mediate peace between Iraq and letter employment Iran fail. Aug Windfall profits tax reduced. Sep 27-28 Iran defends its besieged port of Abadan, driving back Iraqi forces. Oct OPEC reaches an agreement to unify crude price at $32 per barrel through 1982 and sets an ultimate price ceiling of $38 per belief, barrel. Nov 29 Major Iranian offensive mounted on central front. Mar 11 U.S. boycotts Libyan crude.
May 24 Iran recaptures Khorramshahr. Jun Iran demands $150 billion in war reparations; pledges war until Iraq's Hussein stands trial. Jun 10 Iraq declares unilateral cease-fire. Jul 13 Iran launches first attack into Iraq. Jul 20-30 Iran moves into northern Iraq. Casualties top 13,800 in ten days. Jul 26 U.S. threatens action to preserve navigation in chicago essay book Persian Gulf. Jul-Aug Heavy fighting and casualties in Iran-Iraq war. Oct Iran attacks northern Iraq, threatening Kirkuk pipeline. Mar 27 Beginning of tanker war.
Over the next nine months, 44 ships, including Iranian, Iraqi, Saudi Arabian and Kuwaiti tankers, are attacked by Iraqi or Iranian warplanes or damaged by mines. Mar-Jun Iran mobilizes 500,000 troops to southern front. No offensive materializes. May 26 President Reagan rules out U.S. military intervention. Jun Civilian target truce in Iran-Iraq war. Oct Norway and belief Britain cut prices in response to term falling spot market.
Nigeria follows, renewing pressure on OPEC price cuts. Oct 17 OPEC cuts production to 16 MMB/D, but agreement is negated by cheating and price-discounting. Mar 11-19 Iranian offensive; heavy casualties. May-Jun Battle of the cities - heavy bombing from both Iran and Iraq. Jun OPEC output falls to essay 20-year low of 13.7 MMB/D. Jun Iran begins hit-and-run raids on Iraq.
Jul OPEC loses customers to cheaper North Sea oil. More OPEC price cuts. Aug Saudi Arabia links prices to spot market. Output rises from 2 MMB/D in August to 5 MMB/D in early 1986. Aug 15 First Iraqi air raid on Iran's main oil export terminal, Kharg Island.
Nov 6 Exploratory well in Ranger, Texas, blows out, spilling 150,000 BBLS of crude oil. Dec OPEC output hits 18 MMB/D boosting a glut and triggering a price war. Feb Iran captures southern Faw peninsula, starts northern offensive. May 7 Iraq bombs Tehran refinery. Jun OPEC production-cut talks fail, ending in a tentative majority pact on an average 1986 ceiling of 17.6 MMB/D.
Jun 8 Iraqi jets attack Assadabad satellite station. Jul Brent price dips under $9 per steinbeck essay, barrel. OPEC production rises to 20 MMB/D. Jul 27 Iraqi jets attack central Iranian city of Arak. Iran threatens missile attack of gulf states supporting Iraq.
Aug 2 Hussein offers peace in open letter to belief essay Iran. Aug 4 Reports of resume, probable OPEC agreement on output quotas sends oil prices higher. Aug 12 Iran fires missile at refinery near Baghdad. Systems Essay. Iraq raids Iranian terminal at Sirri Island severely disrupting Iranian exports. Dec 19 OPEC reaches an letter for summer employment, accord that would cut production by seven percent for the first six months of 1987 (from 17 MMB/D to 16 MMB/D) and would raise prices immediately toward a target world oil price of $18 per barrel. Feb OPEC majors stick to fixed prices. Jun-Aug Gulf war escalates.
Dec OPEC meeting failure. Mar OPEC/Non-OPEC meeting failure. Jul Iran accepts cease fire. Oct 14 Crude oil prices jump in anticipation of possible production accord at Gulf Cooperation Council meeting set for October 16. Nov 28 OPEC reaches production accord. Six-month agreement to belief essay set production at 18.5 MMB/D.
Although the recent OPEC quota had been 19.0 MMB/D, actual OPEC production had been closer to 21.0 MMB/D. Dec Fulmar/Brent outages. June OPEC raises their production ceiling to 19.5 MMB/D. Conflicting reports of style footnotes, promises to belief increase OPEC output to compensate for embargo of paper, Iraq and Kuwait oil further compound market uncertainties. Aug 2 raq invades Kuwait. Bush orders troops to belief systems essay Saudi Arabia. Aug 27 Market prices plunge as OPEC nears informal agreement to increase output to cover 4 MMB/D shortfall due to invasion. Cash market trading experiences abrupt decline. Sep 6 U.S. citizen is essay benefits, shot in Kuwait.
API reports 4.4 MMB weekly draw in domestic crude stocks. Oil markets surge on aggressive U.S. statements toward Iraq. Sep 21 Reports that U.S refinery problems will lead to a 200,000 B/D loss in systems capacity and aggressive remarks by Saddam Hussein send crude prices to new highs. Sep 24 Iraq invades the French and Dutch missions in Kuwait; French President Mitterand called the chicago action a violation of international law; a U.S. warship boards an Iraqi-flagged tanker bound for the port of Basrah. Sep 18 Crude prices outpace increases in product prices and there is talk of cutting refinery runs. Sep 20 Poor refining margins. Sep 24 Saddam Hussein states his willingness to strike first and his intention to damage oil fields in belief the region if Iraq does strike. Oct 1 Saddam Hussein says he may be willing to negotiate the occupation of Kuwait and would consider foreign participation in essay negotiations. Oct 3 API reports a 9 MMB weekly U.S. crude inventory draw. Oct. 9 Fear of essay, war and long-term supply disruptions as Hussein threatens Israel.
Oct 10 API reports crude inventories dropped by more than 4 MMB in the last week. Oct 11 Libya's Qadhafi says Israel must be eliminated, and term U.K. Foreign Secretary Hurd says force would be used if Iraq doesn't withdrawal from Kuwait. Nov 5 Reports of increasing Saudi production and lower world demand. Nov 6 Iran's oil-producing region suffers a serious earthquake. Nov 7 API reports 5 MMB U.S. crude inventory weekly increase. Nov 8 Unconfirmed rumors that Bush would announce an airlift of supplies to U.S. embassy in Kuwait, which could ultimately trigger a military clash. Nov 13 Saudis ask U.S. for rights to bid on systems essay SPR crude.
Nov 19 Report that Iraq will bolster its forces in Kuwait. Nov 20 API reports crude inventory drop in U.S. of more than 4 MMB; Saddam Hussein announces plans to release German hostages; Soviet Union shows reluctance to endorse the use of force against Iraq. Nov 21 French President Mitterand voices support of footnotes essay in a, a proposed U.N. resolution that would authorize the belief essay use of force in the Persian Gulf. Nov 26 U.S. On Community Benefits. proposes addition to U.N. resolution that would require Iraq's withdrawal from belief systems, Kuwait by January 1. Nov 29 U.N. Security Council approves U.S.-sponsored resolution authorizing the critique use of force in the Persian Gulf if Iraq does not withdrawal from Kuwait by Jan. 15, 1991. Nov 30 President Bush offers to send Secretary of State James Baker to Baghdad to meet with Hussein. Dec 4 An Iraqi official reports that Iraq will withdraw if it can retain control of the Rumailah field and keep Bubiyan and systems essay Werbah islands; also says that demands that the Palestinian issue be treated separately would not be surmountable.
Dec 5 Iraq announces willingness to speak with U.S. about resolving the Persian Gulf crisis. Dec 13 Secretary of paper, State Baker questions Iraq's seriousness about Middle East peace. Dec 18 Bush reiterates his no concessions stance against Iraq. Jan 7 Saddam Hussein prepares his troops for what he says will be a long violent war against belief systems, the U.S. Jan 9-14 At Geneva talks, Baker says that regrettably Iraqi Foreign Minister Aziz has indicated no softening in Iraq's position. Chicago Style Book. Peace talks break down, but there is still talk of a peaceful solution to the crisis. Jan 15 Report that Iraq has a new peace initiative. Jan 16 U.S. begins air attack against Iraqi military targets.
President Bush directs drawdown of Strategic Petroleum Reserve (SPR). Systems Essay. U.S. Secretary of Energy James Watkins orders 33.75 MMB drawdown. Footnotes Essay Book. Crude oil prices drop $9-10 per belief systems, barrel in one day after having risen $3-5 per barrel during the first half of January. Jan 17 Reports of in a, early U.S. and allied success against Iraqi forces; DOE issues SPR sales notice. Jan 18 Iraqi Scud missiles land in Israel. Jan 22 Kuwaiti oil facilities are destroyed by Iraq and more Iraqi missile attacks on belief systems essay Saudi Arabia. Jan 30 DOE selects 13 firms to purchase 17.3 MMB of SPR crude oil. Feb Surplus of unsold oil held by oil producers reaches 80-90 MMB. Feb 5 First SPR oil delivered to commercial buyers.
Feb 15 Daily market volatility as Hussein mentions withdrawal, but Bush calls his offer a cruel hoax. Feb 26 Signs of Iran crude now an option for U.S. refiners, but no imports from Iran likely in near future. Feb 28 War ends. U.N. troops move into Kuwait City. Saddam Hussein orderstroops out of Kuwait. Iraqi soldiers ignite Kuwaiti oil fields during their retreat. Mar 1 News that Kuwait will need to import crude in the short term.
Mar 12 OPEC announces production cut to 22.3 MMB/D. Mar 13 API reports a 6 MMB weekly domestic crude inventory draw; Saudi Arabia and Iran say OPEC production cuts will take effect April 1. Mar 19 Gorbachev says the Soviet Union will cut its oil exports by term on risk nearly half. Mar 25 Nigerian crude becomes competitive in U.S. Gulf Coast as Nigeria cuts crude prices. Apr 25 Iraq expects to resume crude and product exports by belief systems essay July. June 3 Kuwait asks GCC members to produce 800,000 B/D of oil on its behalf.
Aug Unsuccessful coup attempt against Soviet President Gorbachev has minimal effect on oil markets. Oct Soviet Union suspends petroleum product exports as its fuel shortages grow. NYMEX futures price for WTI climbs nearly $2, ending at $24 per barrel. Nov Last of Kuwait oil well fires extinguished by well control teams. Nov U.S. Senate filibuster causes withdrawl of an Alaska National Wildlife Refuge (ANWR) pro-leasing bill. Dec Soviet Union collapses as a series of events precipitated by Ukrainian vote for independence leads to resume formation of Commonwealth of Independent States (CIS). Mar UN threatens sanctions against Libya for its refusal to extradite suspected terrorists.
Mar CIS announces that 1991 crude exports dropped by 52%. May Saudi Arabia supports a crude oil price hike during a late-month OPEC meeting. NYMEX Futures prices exceed $22 per barrel. Oct OPEC production reaches highest level in belief essay more than a decade at 25.25 MMB/D. Dec U.S., Mexico, and Canada sign NAFTA multi-lateral free trade agreement. Nov Combination of OPEC overproduction, surging North Sea output, and weak demand lowers the price of Brent to near $15 per barrel. Apr-Sep Nigerian production disrupted by oil workers' strike in response to imprisonment of apparent winner of presidential elections.
Sources include: Dallas Morning News (DMN); Dow Jones (DJ); Energy Compass (EC); Financial Times (FT); New York Times (NYT); Petroleum Intelligence Weekly (PIW); Platt's Oilgram News (PON); Wall Street Journal (WSJ); Washington Post (WP); Washington Times (WT); and footnotes essay book Weekly Petroleum Argus (WPA). Jan. 14 Mexico pledges profits from state-owned Pemex's $7-billion-per-year oil revenues in an effort to secure U.S. congressional approval of $40-billion worth of loan guarantees. Subsequently, President Clinton approved a $20-billion U.S. aid package for Mexico. ( DMN ) Jan. Essay. 30 Norway's Statoil announces that a newly-formed consortium of 11 oil companies will develop a plan to supply Norwegian natural gas to the European continent. Three Norwegian companies recently signed a contract with Gaz de France to bring 1.4 trillion cubic feet of Norwegian gas to France between 2001 and 2027. ( DJ ) Feb. 28 The Pentagon announces that it monitored Iranian installation of surface-to-air Hawk missiles in the Strait of Hormuz.
The Iranians also have taken possession of and fortified the nearby Abu Musa and the Tunb Islands, which are claimed by both Iran and the United Arab Emirates (UAE). ( DJ ) June 14 After the semi-annual meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna, President Ida Bagus Sudjana discloses the Organization's intention to roll over its present crude oil production ceiling of 24.52 million barrels per day. The announcement is followed by term on risk a trip to Norway by Saudi Arabian Oil Minister Hisham M. Nazer. Upon arriving, the Saudi Minister asks Norwegian Minister of Industry and Energy Jens Stoltenberg to restrain his country's oil production in the hopes of stabilizing world oil prices. Belief Systems Essay. ( FT, DJ ) June 30 Exxon signs a $15.2-billion deal to develop oil and gas fields near Russia's Sakhalin Island. The Sakhalin I project will develop the offshore Shayvo, Odoptu, and Arkutun-Dagi fields that together are estimated to contain 2.5 billion barrels of crude oil and 15 trillion cubic feet of on community service benefits, natural gas. Exxon has a 30 percent stake in systems essay the project. ( NYT, DJ ) July 6 Venezuela's Congress approves the country's first investment law allowing for foreign participation in oil exploration and production. The newly-passed model agreement authorizes the paper on risk management state-owned oil company Petroleos de Venezuela S.A. (PDVSA) to offer 10 exploration blocks to foreign investors. If oil is discovered, the government will maintain a majority stake in belief any joint venture formed to develop the style footnotes book new fields. ( FT, DJ ) July 27 Saudi Aramco awards the giant Shaybah oil field development project to U.S.-based Parsons Corporation. The $2.5-billion project will develop the 7-billion-barrel field, including the construction of crude oil production facilities, gas-oil separation plants, and belief systems a 372-mile pipeline. The Shaybah field is located on the Saudi-UAE border and is expected to produce 500,000 barrels per critique, day after it comes on line in systems essay 1999. ( PON ) July 28 Norwegian Finance Minister Sigbjorn Johnsen says that Norway should not lower its crude oil production in an attempt to boost world oil prices.
Norwegian Oil Minister Jens Stoltenberg believes production cuts may be necessary if prices begin to fall. Minister Johnsen's remarks follow last month's visit by Saudi Arabian Oil Minister Hisham M. Nazer, who asked Minister Stoltenberg to cut Norway's crude oil production. ( PON ) Aug. 2 Saudi Arabia's King Fahd issues a decree replacing all members of the Council of cover, Ministers who do not have blood ties so the royal Family. While most of the Council's top positions are unaffected by the reshuffling, Oil Minister Hisham Nazer is replaced with Ali bin Ibrahim al-Naimi. ( WSJ ) Aug. 14 Iran's official news agency, IRNA, reports that Iran has been unable to sell 200,000 barrels per belief, day of crude oil since the imposition of essay and development, a unilateral oil embargo by the U.S. Belief Systems. Iran increasingly has sold its crude oil on spot markets as opposed to long-term contracts. Larger purchases by France, Spain, Italy, China, India, Pakistan, and Thailand have failed to offset decreased demand by for summer employment German and Japanese refiners. Essay. Before the U.S. embargo was announced in April 1995, U.S. companies were buying between 400,000 and 450,000 barrels per day, down from roughly 600,000 barrels per day in essay in a 1994. ( PON ) Aug. 28 Kuwaiti Oil Minister Abdul Mohsen al-Medej announces that his country will increase its oil production capacity to as much as 3.5 million barrels per essay, day by benefits 2005. ( DJ ) Sept.
13 The Kuwaiti Oil Ministry states its intention to seek a 200,000-barrel-per-day increase to its current 2-million-barrel-per-day crude oil production quota at the November 1995 OPEC meeting in Vienna. Belief Systems Essay. The announcement comes amidst growing non-OPEC oil production and weak oil prices. ( DJ ) Nov. 22 OPEC states that it will roll over its current oil production quota of 25.42 million barrels per day. Critique Resume. The roll-over was widely anticipated because of slack world oil demand, rising non-OPEC production, and weak prices. ( DJ, PON ) Nov. 29 President Clinton approves legislation lifting a 22-year-old ban on belief systems essay exports of oil from the term paper on risk Alaskan North Slope (ANS). Belief Systems. The ban was imposed after the oil embargo by Arab oil producers in 1973. The lifting of the critique resume ban opens up about one-quarter of U.S. crude oil production for export. The ANS legislation also waives royalty payments on deep water oil and gas leases in the Gulf of Mexico. Belief Systems. ( WP ) Dec. 12 Speaking in New York during a U.S. visit by Angolan President Eduardo dos Santos, Joaquim David, president of the state-owned oil company , Sonangol, states that Angola will increase its crude oil production by 10 percent per year over the next five years, reaching 720,000 barrels per day by the end of 1996 and 1 million barrels per day by 2001.
The statement comes amidst sporadic violence involving government forces and the rebel group UNITA, less than a year after a peace accord was signed ending the country's 20-year-old civil war. Letter. At the end of belief systems, 1995, Angola had raised its crude oil production to essay on nature and development 690,000 barrels per belief systems, day. ( PON, DJ ) Sources include: Dow Jones (DJ), Financial Times (FT), New York Times (NYT), and Platt's Oilgram News (PON), Washington Post (WP), and the Wall Street Journal (WSJ). For a more detailed description of resume, 1996 events go here. January 17 Iraq agrees to talks concerning a U.N. Belief Essay. plan to essay on community service benefits allow for the Iraqi sale of $1 billion of oil for 90 days for a 180-day trial period. Under U.N. Belief. Resolution 986, proceeds from the sale would be used for humanitarian purposes. In the past, Iraq has opposed clauses 6 and 8b contained in Resolution 986. Clause 6 stipulates that oil exports under this plan must pass through the 1.6-million b/d Iraq-Turkey pipeline, which currently is essay on community, unusable because of sludge build-ups and pumping station damage. By most estimates, the line would take a minimum of three months to repair. Systems. Clause 8b states that part of the proceeds from the sales would be disbursed under U.N. supervision to Kurdish provinces in northern Iraq.
Negotiations between Iraq and the United Nations are scheduled to begin February 6, 1996. (FT, PON, DJ) January 30 Vice Admiral Scott Redd, commander of the U.S. Fifth Fleet based in the Persian Gulf, states that Iran test-fired a new anti-ship missile near the Strait of Hormuz on January 6. Essay Service Benefits. The missile reportedly has a range of 60 miles and is viewed as a threat to regional security by belief essay U.S. naval forces operating in the area. Oil tankers carry about 15 million b/d through the Strait. (DJ) April 24 In New York, the United Nations and Iraq end a third round of paper management, negotiations over essay Iraq's possible sale of on community, $1 billion of oil for 90 days for a 180-day trial period. Under U.N. Resolution 986, proceeds from the sale would be used for humanitarian purposes. While both sides have reached agreement on most of the key issues, chief Iraqi negotiator Abdul Amir al-Anbari says that the systems United States and the United Kingdom have fundamentally altered the text of a proposed agreement which he had received from the breakfast essay United Nations early in the third round. Al-Anbari states that the changes have postponed any possible deal. The U.N.-Iraq talks are scheduled to restart on May 10. Belief Systems Essay. (DJ)
April 30 In the United States, President Clinton approves the sale of $227 million of crude oil from the Strategic Petroleum Reserve. At current oil prices, roughly 12 million barrels would be sold. Environment And Development. The Clinton Administration hopes that the sale will lower gasoline prices in essay the United States, which are at their highest levels in five years. (WSJ) May 20 In New York, the United Nations and steinbeck Iraq agree to U.N. Resolution 986, which provides Iraq with the systems essay opportunity to sell $1 billion of oil for 90 days for a 180-day trial period. Under the resolution, proceeds from the sale would be used for humanitarian purposes. Essay On Community Benefits. The agreement comes following months of belief, heated negotiations.
Iraqi oil exports are expected to begin by the Fall of 1996, after a pumping station on the Iraq-Turkey pipeline is repaired and U.N monitoring and aid distribution facilities are put in term paper management place. Shortly after the agreement, the White House announces its decision to allow U.S. oil companies to purchase Iraqi oil exports. (FT, PON, WSJ ) June 11 Exxon states that it will soon begin work on its $15-billion Sakhalin I oil and natural gas development in Russia's Far East. The Sakhalin I project will develop an estimated 5 billion barrels of systems essay, oil and term management 15 trillion cubic feet (Tcf) of gas located in systems three offshore hydrocarbon fields. The $300 million appraisal program will include drilling one exploration well and conducting a 3-D seismic survey. Cover Employment. The U.S. company says that it will start working despite ongoing differences with the Russian government over the country's new production sharing law, which is widely viewed as not offering adequate legal protection for belief essay, foreign investment in the country's oil and gas sectors. (FT) June 20 The Venezuelan Congress approves eight, multi-billion dollar, profit-sharing deals which allow foreign oil companies to explore and produce oil in Venezuela for the first time since the cover letter for summer country's 1975 nationalization of the oil industry. Belief Systems Essay. The deals could boost Venezuela's current oil production by 500,000 b/d by 2005.
Foreign oil companies such as Amoco and British Petroleum are expected to sign final deals with state-owned PdVSA within 10 days and john steinbeck may begin working on essay their new acreage by the third quarter of 1996. The eight blocks are estimated to breakfast john steinbeck hold between 7 to 11 billion barrels of light crude oil reserves. (PON, DJ) July 7 OPEC issues a resolution announcing Gabon's withdrawal from the organization, effective January 1, 1995. Gabon had an OPEC quota of belief systems essay, 287,000 b/d. (FT) July 18 The United Nations formally approves an Iraqi aid distribution plan, a major step forward in the direction of allowing Iraq to critique sell oil under Resolution 986. (DJ) August 6 President Clinton signs a new bill imposing sanctions on non-U.S. companies which invest over $40 million a year in the energy sectors of either Iran and Libya. Under the law, the systems President would be required to impose at least two of the following sanctions: import and export bans; lending embargoes from U.S. banks; a ban on term management U.S. procurement of goods and belief systems services from essay on community service, sanctioned companies; and a denial of U.S export financing. The European Union has stated its opposition to the U.S. law and threatened retaliation. (FT) August 21 In Venezuela, a subsidiary of state-owned Petroleos de Venezuela (PdVSA), Corpoven, signs a memorandum of understanding (MOU) with U.S.-based ARCO. The MOU provides for a $3.5-billion joint venture to develop and upgrade roughly 200,000 b/d of crude oil from the country's 270-billion Orinoco Heavy Oil Belt.
The project will produce 9° API gravity crude oil in the Hamaca region and upgrade it to 25° API for export to U.S. Systems Essay. refineries. The project will be implemented in chicago footnotes book three phases, the last of which will be completed in 2006. Belief Systems Essay. Another PdVSA subsidiary, Maraven, recently signed another, similar deal with Conoco. (PON, FT) September 5 Following U.S. cruise missile strikes on military facilities in southern Iraq, crude oil prices rise as the john market speculates when Iraq will begin exporting oil under U.N. Resolution 986. Benchmark Brent Blend for belief systems essay, October rises above $22/barrel amidst the uncertainty. The U.S. attack follows an Iraqi-supported invasion of Kurdish safe haven areas in the country's northern area.
Subsequently, President Bill Clinton states that the term paper management U.N. oil-for-food sale should be postponed indefinitely. (DJ) October 30 Exxon confirms that it is in talks with state-owned Qatar General Petroleum Corporation concerning the application of new technology to convert natural gas to petroleum products. Exxon believes that technology developed in a successful 200-b/d Anatural gas refinery project in Texas would work in systems Qatar, where a proposed $1-billion plant would be able produce between 50,000-100,000 b/d of middle distillate products. Under the proposal, Qatar's 270-Tcf North field would supply between 0.5-1 Bcf/d of gas for use as feedstock. In the past, technological barriers and resume high costs have precluded the belief systems development of natural gas refineries. (WSJ) December 18 During a press conference, Iranian Deputy Foreign Minister Abbas Maleki states that Iran supports the free flow of oil through the Strait of john essay, Hormuz, but reserves the option of closing off the belief essay shipping route if it is threatened. Iran recently has admitted to style essay in a book deploying anti-aircraft and anti-ship missiles on systems essay Abu Musa, an island strategically located near the Strait of Hormuz's shipping lanes. (DJ) December 30 The United Nations announces that a total of 21 contracts have been approved for the limited Iraqi oil sales under U.N. Resolution 986. The approved contracts will allow for critique resume, 43.68 million barrels of oil to be exported in the first 90 days of the sale.
At present, exports of 26.37 million barrels have been approved for the second 90-day period of the sale, which allows Iraq to sell up to $1 billion worth of oil every 90 days for an initial 6-month period. In mid-December 1996, Iraq restarted the systems Kirkuk-Ceyhan pipeline, which is expected to carry up to 450,000 b/d of oil under the sales agreements approved so far under U.N. Resolution 986. Iraq's remaining oil exports will flow through the paper management Mina al-Bakr terminal. (NYT, DJ) Sources include: Dow Jones (DJ), New York Times (NYT), and the Washington Post (WP). For a more detailed description of systems essay, 1997 events go here. February 5 Japan's Ministry of Finance announces plans to cut import tariffs on crude oil and most petroleum products from April 1, 1997, in a phased process that will reduce the country's crude oil import tariff rate to zero in on risk management April 2002. (DJ)
February 24 Qatar inaugurates the world's largest liquefied natural gas (LNG) exporting facility and formally launches Qatar Liquefied Gas Co., which will have total output capacity of 6 million tons per year of LNG. The facilities are part of a new $7.2 billion industrial zone which also includes a sea port with a capacity to handle 25-30 million tons of LNG annually. Qatar plans to belief essay build more gas liquefaction plants in the area to essay exploit its natural gas reserves of belief, around 237 trillion cubic feet. (DJ) April 1 A Shell spokesman confirms the in a book company will declare force majeure at its Nigerian Bonny terminal due to local protests which disrupted 210,000 barrels per day of the company's oil production. Although the protests have ended and production is returning to normal, the backlog is temporarily delaying loadings by 3 days. Belief Essay. (DJ) May 16 A final agreement creating the Caspian Pipeline Consortium (CPC) is signed by project participants: Russia (24 percent), Kazakstan (19 percent), Chevron Corp. (15 percent), AO Lukoil/Arco Corp. (12.5 percent), Mobil Corp. (7.5 percent), AO Rosneft/Shell Corp. (7.5 percent), Oman (7 percent), Agip SpA (2 percent), British Gas PLC (2 percent), Oryx Corp. (1.75 percent), and Kazakstan Pipeline Ventures, a joint venture of Kazakstan's state oil company and Amoco Corp. (1.75 percent). The Russian government plans to transfer its stake to critique two Russian oil companies, AO Lukoil and AO Rosneft. CPC plans to begin building a 932-mile pipeline to transport crude oil from the Caspian region to Russia's Black Sea coast in 1998 and begin shipping around 558,000 barrels per belief systems essay, day of resume, oil in 1999 (planned peak capacity is belief systems, 1.4 million barrels per for summer employment, day). (DJ) May 20 President Clinton signs an executive order barring new U.S. investment in Burma (also known as Myanmar), effective May 21 and renewable annually.
U.S. companies have invested about $250 million in belief essay Burma, primarily in the oil and gas sector. The biggest U.S. investor is Unocal, which is on nature environment, building (with France's Total) a $1.2 billion pipeline from Burma's Yadana natural gas field to an electric power plant in Thailand. (DJ) June 4 In a unanimous vote, the United Nations Security Council renews for another 180-day period its oilforfood initiative with Iraq. Belief Essay. Under the resolution, Iraq may sell $2 billion worth of term on risk management, oil to buy food, medicine and other necessities to alleviate civilian suffering under the sanctions imposed when it invaded Kuwait in systems 1990. Cover For Summer Employment. (WP) July 22 The first shipments of oil produced from Kazakstan's Tengiz field arrive at terminals on the Black Sea in Novorossiysk (Russia) and Batumi (Georgia) for subsequent export through the Bosphoros Strait. Volumes total between 100,000 and 150,000 barrels per day. (DJ) July 23 The U.S. State Department rules that Turkey's August 1996 agreement to purchase $23 billion worth of natural gas from Iran over a 20-year period does not violate the Iran and Libya Sanctions Act. In a May 1997 memorandum of understanding with Iran and Turkmenistan, Turkey modified the original arrangement so that the natural gas will be purchased from systems, Turkmenistan rather than Iran. (DJ)
August 4 In Colombia, Occidental Petroleum, a California-based international oil company, and breakfast john steinbeck essay Ecopetrol, Colombia's national oil company, declare force majeure on all oil exports from the Cano Limon field. The declaration comes after a series of attacks dating back to July 30 knocked out belief essay a major oil pipeline transporting oil from the field to paper on risk the Caribbean port of belief systems essay, Covenas. The pipeline has been attacked 45 times this year which is equal to the total number of attacks for 1996. Responsibility for letter, the attacks has not been determined, but leftist guerrillas from the belief essay National Liberation Army are usually blamed for such attacks. The force majeure declaration does not apply to the oil contained in the 2 million barrel storage facility at Covenas. (DJ) August 8 The United Nations approves a sale-price formula for Iraqi crude oil sales under the oil-for-food plan. The approval cleared the way for on risk management, Iraq to resume limited oil exports immediately through the Turkish port of Ceyhan on the Mediterranean Sea and belief Iraq's Gulf port of Mina al-Bakr. The United Nations will also begin reviewing contracts for Iraqi crude oil purchases. Iraq has until September 5 to raise the $1.07 billion allowed under the existing 90 day oil-for-food plan window. Iraqi officials state they will boost exports to 2 million barrels per day to meet the sales target.
However, industry experts say that Iraq's export capacity is untested beyond 1.4 million barrel per day. Term Paper Management. (DJ) September 12 The United Nations Security Council passes a resolution that allows Iraq to reach the belief $2.14 billion oil sales limit under its oil-for-food program by December 5. Critique. The current 6-month oil sales window, running from June 8 to December 5, will be split into a 120-day segment and a 60-day segment instead of belief systems, two 90-day segments. During each segment Iraq can sell $1.07 billion worth of oil. The resolution should enable Iraq to make up for lost revenues during a delay in the start of oil sales during the first two months of the current six month sale period. Style Footnotes Essay In A. (DJ) October 29 Iraq's Revolution Command Council, the country's main decision making body, announces that it will no longer allow U.S. citizens and U.S. aircraft to systems serve with the United Nations (U.N.) arms inspection teams.
The council's statement gives U.S. citizens working with the inspection teams one week to leave Iraq. Iraq has also asked the U.N. to stop flights by service American reconnaissance aircraft monitoring its compliance with U.N. resolutions requiring the elimination of weapons of essay, mass destruction. In response to this statement, the U.N. Security Council unanimously approves a statement condemning Iraq's threats to expel the Americans. (DJ) November 20 Iraq's Revolution Command Council formally endorses an agreement, arranged by Russia, that enables United Nation's (U.N.) weapons inspection teams to resume operations in Iraq. The deal ends a three-week standoff between the U.N. and Iraq that began in late October 1997 after Iraq announced it would no longer allow U.S. And Development. citizens to serve on U.N. Belief. weapons' inspection teams. (DJ)
November 29 For the first time in four years, the Organization of Petroleum Exporting Countries (OPEC) agrees to an increase in its production ceiling. OPEC has raised the cover letter for summer ceiling to 27.5 million barrels per day for the first half of 1998, effective January 1, 1998. Belief Essay. The new ceiling represents a 10 percent increase over the current ceiling. The new quotas are as follows: Saudi Arabia 8.76 million barrels per day (bbl/d), Iran 3.942 million bbl/d, Iraq 1.314 million bbl/d, Venezuela 2.583 million bbl/d, Nigeria 2.042 million bbl/d, Indonesia 1.456 million bbl/d, Kuwait 2.19 million bbl/d, Libya 1.522 million bbl/d, United Arab Emirates 2.366 million bbl/d, Algeria 0.909 million bbl/d, and Qatar 0.414 million bbl/d. Cover Employment. (NYT) December 4 Iraq's United Nations (U.N.) Ambassador Nizar Hamdoon warns that Iraq will not allow oil to flow during a third six-month phase of the U.N.'s oil-for-food sale until the systems essay U.N. approves an aid distribution plan. Despite the warning, the U.N. Security Council approves a third six-month phase following the end of the second six-month phase. Like the first two phases, the third phase allows Iraq to sell up to $1.07 billion of oil in each of two 90-day periods. However, the sales level may be increased by the Security Council in January 1998 after U.N.
Secretary-General Kofi Annan reports on Iraq's needs. The next day Iraq stops pumping oil into chicago footnotes, the Iraqi-Turkish pipeline at the end of the second six-month phase of the essay United Nations (U.N.) oil-for-food program. (WP, NYT) December 11 Delegates from 150 industrial nations attending a United Nations climate conference in Kyoto, Japan reach agreement on a protocol to cover letter for summer employment control heat-trapping greenhouse gases. The protocol, if ratified, would commit nations to essay roll back emissions of six greenhouse gases (carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, and sulphur hexafluoride) below 1990 levels. Management. Under the protocol, the United States would be required to reduce its greenhouse gas emissions by 7 percent below 1990 levels, while Europe and Japan would make cuts of 8 percent and 9 percent, respectively. Developing countries are exempt from the emissions ceilings for belief, the time being. (DJ) Sources include: Dow Jones (DJ), New York Times (NYT), Wall Street Journal (WSJ), and the Washington Post (WP). For a more detailed description of on nature environment, 1998 events go here. January 7 Due to the continuing Asian economic crisis, South Korea's refiners have reportedly cut operations to around 80 percent of capacity.
The refiners have also had difficulty securing crude oil supplies for belief, delivery in late January or February, which could cut operations to as low as 70 percent-75 percent of cover for summer, capacity. Belief Systems Essay. (DJ) January 15 Environmentalists hail the implementation of resume, a 50-year moratorium on mining and belief oil exploration in the Antarctic. A protocol for the protection of the Antarctic was adopted by twenty-six countries in chicago footnotes in a book 1991, but it could not be implemented until Japan's ratification cleared the way last month. Antarctica contains 70 percent of the world's fresh water, and essay the moratorium attempts to preserve the world's least polluted continent. (WP) February 5 Following a ruling by a federal judge denying a request from environmentalists and Native Americans seeking to block the sale of the Elk Hills Naval Petroleum Reserve, the U.S. Department of Energy formally transfers ownership of the reserve to Occidental Petroleum Corporation. Occidental purchased a 78 percent interest in on risk the field for $3.65 billion. Belief. Chevron Corporation currently holds the remaining 22 percent. Elk Hills contains 450 million barrels of proven oil reserves; however, officials from Occidental believe the reserve may contain one billion barrels of recoverable reserves. Breakfast John Steinbeck Essay. (DJ) February 20 The United Nations (U.N.) Security Council votes unanimously to more than double the amount of oil Iraq can export under the U.N. oil-for-food program.
The Security Council's vote increases the amount Iraq can export from $2.14 billion to $5.26 billion over six months. Iraq maintains that it only belief systems essay has the capability to export up to $4 billion over a six-month period. (DJ) March 31 The Organization of Petroleum Exporting Countries (OPEC) releases an official communique from its 104th (extraordinary) meeting convened in Vienna, Austria, on March 30, 1998. The communique states that member countries have agreed to voluntary cuts from each country's current production levels in term an attempt to boost oil prices. OPEC has agreed to cuts totaling 1.245 million barrels per essay, day effective April 1, 1998. The cuts, in barrels per day, break down as follows: Algeria 50,000; Indonesia 70,000; Iran 140,000; Kuwait 125, 000; Libya 80,000; Nigeria 125,000; Qatar 30,000; Saudi Arabia 300,000; United Arab Emirates 125,000; and Venezuela 200,000.
In addition, non-OPEC oil-producing countries Mexico, Oman, and Yemen have agreed to cover letter cut production by belief essay 100,000, 30,000, and 20,000 barrels per day, respectively. Moreover, a third non-OPEC country, Norway, the world's third largest oil exporter, has pledged to reduce its oil production by 3 percent, or approximately 100,000 barrels per day. However, Norway's cuts will not take effect until mid-April 1998. (Cuts are from February production based on secondary sources.) (DJ) (WSJ)(NYT) May 4 The Atlantic Richfield Company (ARCO) announces that it will acquire Union Texas Petroleum Holdings Incorporated, an essay, independent oil company based in Houston, Texas, for $2.47 billion. The acquisition will add 140,000 barrels per day to ARCO's oil and natural gas production and increase ARCO's total oil and gas reserves by 14 percent. Belief. The deal also helps ARCO enter the Caspian Sea region, with ARCO gaining a 12.5 percent interest in the Caspian Pipeline Consortium and a 5 percent interest in Kazakhstan's Tengiz oil filed. ARCO also will gain additional interests in projects located in the United Kingdom, Indonesia, Alaska, and Venezuela. (NYT) (WSJ) May 11 India announces that it has conducted three underground nuclear tests, the country's first since 1974. The tests were conducted simultaneously 330 miles southwest of New Delhi, near the cover letter for summer employment Pakistani border. The Indian government indicates that the essay three tests included a thermonuclear device, commonly known as a hydrogen bomb. Two days later, on May 13, 1998, India announces that it has conducted two more underground nuclear tests in the same desert range. (WP) (DJ)
June 19 The United Nations (U.N.) Security Council unanimously approves a resolution allowing Iraq to on community spend $300 million on spare parts for its oil industry. The funding is intended to help Iraq increase oil exports under the systems fourth phase of the U.N.'s oil-for-food program. The spare parts are expected to expand Iraq's oil export capacity from 1.6 million barrels per day to 1.8 million or 1.9 million barrels per day. (NYT) (DJ) June 24 The Organization of Petroleum Exporting Countries (OPEC) agrees, at its 105th ministerial conference, to another round of oil production cuts. In recent weeks oil prices have fallen to their lowest levels in more than a decade. OPEC members have agreed to cut production by 1.355 million barrels per day, effective July 1, 1998, bringing the breakfast group's total reductions since March 1998 to 2.6 million barrels per day. Together with promises from non-OPEC nations such as Russia, Oman, and Mexico, world oil producers have pledged to cut world-wide production by approximately 3.1 million barrels per day. (WP) (WSJ) (NYT) August 11 British Petroleum announces that it will acquire Amoco for $48.2 billion in stock. Belief. If the merger is approved by chicago footnotes book regulators and shareholders of belief, both companies, it will be the largest oil industry merger and the largest foreign take-over of a U.S. Steinbeck Essay. company to date. The company will be known as BP Amoco, and it will be the belief world's third-largest multinational oil company in terms of essay on nature environment, net income behind Exxon and Royal Dutch/Shell Group. (NYT) (WSJ) (WP) October 1 South Korea's oil refining sector fully deregulates, allowing for essay, 100 percent foreign investment.
Originally, South Korea had expected to fully deregulate its refining industry by January 1999, but it decided to move up the date in order to on risk help reform its economy. (DJ) October 7 European Union (EU) nations approve an accord in which European car makers will voluntarily agree to cut carbon dioxide emissions 25 percent by 2008. Belief. EU officials say they will seek similar deals with automakers in Asia and North America. (WP) October 28 Japan's Nippon Oil Company, the country's second largest petroleum distributor and Mitsubishi Oil Company, the cover letter for summer employment sixth-ranking company in the industry, agree to merge as of belief, April 1, 1999. The combined company will be the largest oil distributor in critique resume Japan. (WSJ) December 2 Exxon Corporation agrees to systems buy Mobil Corporation for in a book, approximately $75.4 billion, which will make the company the largest corporation in the U.S.
The companies say they expect to cut about 9,000 jobs from their combined worldwide workforce of 122,700 and to close offices, saving $730 million. The merger comes in systems the context of low oil prices, which have hurt profits at many oil companies. (DJ) December 23 The Colombian government says it will allow gasoline and diesel prices to float with international oil prices starting January 1, 1999. The move will end a system of artificial price fixing which has cost the government more than $3.2 billion in term on risk management subsidies over the past five years. Systems Essay. (DJ) Sources include: Dow Jones (DJ), New York Times (NYT), USA Today (USA), Wall Street Journal (WSJ), and the Washington Post (WP). For a more detailed description of 1999 events go here. January 1 British Petroleum Company and Amoco Corporation complete their $53 billion merger. Chicago-based Amoco is the United States' fifth-largest oil company with roughly 9,300 gasoline stations.
London-based British Petroleum, the world's third largest oil company, sells its products through a network of breakfast john essay, about 17,900 stations. Belief Essay. (DJ) February 4 Italy's ENI SpA and Russia's RAO Gazprom, the world's largest natural gas producer, agree to build a natural gas pipeline from Russia to Turkey at a cost of style essay in a book, nearly $3 billion. Each project partner will hold a 50 percent stake in the project. The proposed pipeline, called the systems essay Blue Stream project, is expensive by industry standards partly because it would run at great depth under the waters of the Black Sea. (Asian WSJ) February 10 U.S. Energy Secretary Bill Richardson visits Saudi Arabia to discuss potential U.S. Term On Risk. investment in the Kingdom's oil and gas sectors. Following his visit, Richardson says the Saudis are primarily interested in essay foreign investment in the natural gas sector and in critique resume the oil refining and marketing sectors, rather than in essay the upstream crude oil sector.
Secretary Richardson's visit comes several months after a September 1998 meeting between several U.S. oil companies, Saudi Crown Prince Abdullah and Saudi Oil Minister Ali Naimi, in which Abdullah requested proposals from the companies on chicago style the development of Saudi oil reserves. (DJ), (USA), (WSJ) March 23 In an essay, effort to raise oil prices, which fell sharply in late 1997 and stayed low through 1998 and into early 1999, OPEC and non-OPEC countries agree to critique cut oil output by a combined 2.104 million barrels per day, effective April 1, 1999, for one year. OPEC members have pledged to cut 1.716 million barrels per day, while several non-OPEC countries have pledged total reductions of belief essay, 388,000 barrels per day. During 1998, due mainly to and development low oil prices, OPEC crude oil export revenues fell 30 percent (to $100 billion) from the previous year. Belief Essay. (DJ, NYT) March 31 Arco agrees to be acquired by BP Amoco PLC for $26.6 billion in stock. If approved, the merger will create the largest oil producer in the United States and one of the largest energy companies in the world. And Development. The deal marks the fourth largest oil company merger since the belief systems onset of letter for summer employment, low oil prices in late 1997. (DJ), (WSJ) April 5 Following the arrival in belief systems essay the Netherlands of two Libyan suspects in the 1988 bombing of on risk, Pan American Flight 103 that killed 270 people, United Nations sanctions against Libya are suspended. The sanctions, imposed on March 31, 1992, initially included a ban on the sale of essay, equipment for refining and transporting oil, but excluded oil production equipment.
Sanctions were then expanded on November 11, 1993, to cover for summer include a freeze on Libya's overseas assets, excluding revenue from oil, natural gas, or agricultural products. (DJ) April 15 The U.S. Department of Energy (DOE) announces that it will begin taking oil deliveries within the next few days under its plan to add 28 million barrels of oil to the U.S. Belief. Government's Strategic Petroleum Reserve (SPR) from federal oil royalty payments. In Phase 1 of the plan, the SPR is expected to letter employment acquire about essay, 43,000 barrels per day over the next 3 months from oil companies operating in breakfast steinbeck essay the Gulf of Mexico. Although about belief systems, 50 percent of the oil supplied in essay on community service benefits Phase 1 will be imported, domestic producers would still benefit from the belief systems entire acquisition since the on nature environment oil market is international and fungible, according to a DOE official. Under Phase 2 of the belief essay program, the DOE expects to acquire about 100,000 barrels per day of royalty oil over a 6-month period. (DJ) April 17 An oil pipeline that transports oil from Baku, Azerbaijan, to Suspa, Georgia, is letter for summer, officially opened. Essay. This is the second pipeline dedicated to paper exporting Caspian Sea oil, but the first built since the Soviet Union disbanded in 1991.
The other Caspian Sea oil pipeline, which runs through the Russian breakaway republic of Chechnya to the Russian port of Novorossisk, is often shut down. The new pipeline to belief essay Georgia has a capacity of 100,000 barrels per day. Management. (DJ) April 28 The U.S. Department of Treasury's Office of Foreign Asset Control (OFAC), notifies Mobil that it has turned down Mobil's request for a license to swap crude oil it produces in Turkmenistan in exchange for Iranian oil. Mobil had hoped to be allowed to ship oil produced in Turkmenistan to northern Iranian oil refineries, while Iran, in turn, would provide Iranian oil from Iran's Persian Gulf export terminals to Mobil for shipment to global markets as payment. OFAC is responsible for systems essay, enforcing U.S. unilateral sanctions against foreign countries. Resume. As a result of OFAC's denial of a swap arrangement with Iran, Mobil will have to continue exporting its Turkmenistan oil production across the Caspian Sea by barge to Azerbaijan, where it is systems essay, then carried by rail or pipeline to Black Sea ports. (DJ, WP) May 1 U.S.
President Clinton unveils a plan to apply the same standard for tailpipe emissions to cars, light-duty trucks, and john steinbeck most sport utility vehicles (SUVs). Based on current nitrogen oxides (NO x ) emission levels, the proposed plan would result in essay a 77 percent reduction for cars and a 95 percent reduction for light-duty trucks and SUVs. The new standards would be phased in from the 2004 to cover letter 2007 model years. At the same time, the Environmental Protection Agency (EPA) proposes a rule that would require refiners to reduce gasoline sulfur content from a current average of nearly 330 parts per million (ppm) to 30 ppm. The new sulfur standard is belief systems, being proposed in for summer conjunction with the new tailpipe emission proposal since sulfur impedes catalytic converter efficiency, thus making it more difficult to belief reduce tailpipe emissions without reducing sulfur content in letter gasoline. Oil industry representatives have vowed to systems protest the proposed rule, claiming that it will cost refiners $3 billion to on nature and development $6 billion. The EPA estimates that the cost of belief essay, compliance for both the automobile and oil industries will be between $3.4 billion and chicago style footnotes in a $4.4 billion. Belief. (DJ) May 10 The Board of Argentine oil company YPF unanimously approved a $13.4 billion offer from Repsol, a Spanish company. Repsol, which already owns 14.99 percent of YPF, made an all cash offer to purchase the remaining 85.01 percent last month. The Board recommended to all shareholders to accept the Repsol offer. Two Argentine provinces, which own about resume, five percent of YPF's shares, remain concerned about Repsol's intentions for their regions. Belief. (WSJ)
May 12 The Caspian Pipeline Consortium (CPC) begins construction of a 981-mile pipeline that will carry crude oil from the Caspian Sea to the Russian port of Novorossisk for export to foreign markets. The pipeline's planned capacity is about 1.3 million barrels per day, and the CPC is expecting to load the first tanker in mid-2001. (DJ) May 17 The Environmental Protection Agency (EPA) states that it will not change its Tier Two Plan to cut gasoline sulfur content and critique tailpipe emissions, in response to a recent appellate court ruling that the EPA had overstepped its mandate in implementing some provisions of the Clean Air Act. Beginning in 2004, the Tier Two Plan would require refiners to cut gasoline sulfur content to an average of 30 parts per million, down more than 90 percent from the current national average. (DJ) May 27 Exxon and essay Mobil shareholders approve an $81.2 billion merger, in which Exxon will issue 1.32 shares for each share of Mobil's approximately 780.2 million shares outstanding. The merger still must receive regulatory approval from the U.S. government and the European Union.
The chairmen of chicago footnotes essay in a book, both companies state that they expect regulatory approvals to be obtained by belief systems essay the end of the essay and development third quarter of belief essay, 1999. (DJ) June 1 Sudan starts pumping oil through its pipeline linking the essay on nature and development Heglig oil field in Western Kordofan province to Port Sudan on the Red Sea. Belief. The pipeline has a capacity of 250,000 barrels per critique, day, and was financed by a consortium of Chinese, Malaysian, Canadian, and Sudanese firms. (DJ) August 9 The United States Department of Commerce dismisses a petition filed by Save Domestic Oil, Inc. under anti-dumping statutes. The petition alleged that Saudi Arabia, Venezuela, Mexico, and Iraq had sold crude oil to the United States at artificially low prices. The decision was based on the Department of belief, Commerce's determination that opposition to the petitions exceeded support. Majority support is essay, defined as petitioner representation of at systems, least 25 percent of the chicago in a domestic industry and support from at least 50 percent of the systems industry expressing an opinion. Support from paper on risk management, a majority in the affected industry is necessary under the law for Commerce to commence a formal investigation of an anti-dumping complaint. Belief. (DJ, WP, NYT) September 14 French oil companies Total Fina and Elf Aquitaine agree to breakfast john steinbeck merge, after a lengthy takeover battle, in a deal which will form the world's fourth largest oil company.
The deal will give Elf Aquitaine shareholders 19 shares of Total Fina for every 13 shares of Elf Aquitaine. According to Total Fina's management, the merger will result in annual cost savings for the combined firm of $1.56 billion. (WP, WSJ) September 22 The Organization of Petroleum Exporting Countries (OPEC), at a meeting of its member states' oil ministers, decides to maintain current production cuts until March 2000, despite the fact the crude oil prices have doubled since early 1999. In another development, OPEC announces that its current Secretary General, Nigerian Rilwanu Lukman, will stay in essay office until March 2000. Letter Employment. The announcement follows a vigorously contested race to succeed Lukman in the post, in which OPEC's three largest members, Saudi Arabia, Iran, and Iraq, had fielded candidates. (DJ) September 28 Iranian Oil Minister Bijan Zanganeh announces that the National Iranian Oil Company has discovered a new oilfield, Azadegan, with 26 billion barrels of belief, crude oil in Khuzestan province. The discovery is the largest new find in Iran in the last three decades. On Community Service. Zanganeh expects the field to produce between 300,000 and 400,000 barrels per day of crude oil three to four years after development begins next year. (DJ) September 30 Japan suffers a serious nuclear accident at a uranium processing plant in Tokaimura, in which radiation is released after an essay, apparent uncontrolled nuclear chain reaction. Three workers at breakfast, the plant, operated by JCO, Inc., are injured.
Japanese authorities issue a warning instructing 310,000 people in systems neighboring communities to stay indoors. (DJ, WSJ) October 4 The United Nations Security Council agrees to raise the monetary ceiling on for summer Iraqi oil sales to belief systems essay $8.3 billion from $5.26 billion, guaranteeing the continuation of on community, Iraqi production until the November 20 end date for the current six month extension of the oil-for-food program. The move is belief essay, a one time adjustment, and on nature environment does not bind the Security Council to continue a higher ceiling if the program is renewed for another six month term. Systems Essay. The increase reflects the difference between previous monetary ceilings and actual Iraqi sales during previous phases of the program. (DJ) November 18 The heads of essay on nature environment, state of Turkey, Azerbaijan, and Georgia sign an agreement to build a pipeline for the export of crude oil from the Caspian Basin. The 1,080-mile pipeline will begin at the Azerbaijani capital, Baku, and run through Georgia and Turkey to the Turkish port of Ceyhan. The project is expected to cost $2.4 billion, and the government of Turkey has offered guarantees that the cost of the Turkish segment of the pipeline will not exceed $1.4 billion. Essay. The signing ceremony took place during a visit to Istanbul by U.S.
President Clinton for a summit of the Organization for Cooperation and Security in Europe (OSCE). (WP, NYT) November 30 The Federal Trade Commission (FTC) grants approval for on nature environment and development, the proposed merger between oil giants Exxon and essay Mobil. The $80 billion merger was approved by the FTC after the firms agreed to the largest divestiture of assets ever involved in a merger. The companies will sell over breakfast essay 2,400 retail outlets, mostly in the Northeast, Texas, and California, and a refinery in California. Belief Essay. (DJ) December 10 The California Air Resources Board approves a regulatory change that will halve the amount of sulfur allowed in gasoline sold in California from 30 parts per million to 15 parts per million, starting in 2003. The California limit would be half the national limit under a new rule proposed by the Environmental Protection Agency. The current federal sulfur limit for gasoline is 330 parts per million. (WSJ) December 21 The Export-Import Bank drops a proposed $500 million loan to Russia's Tyumen Oil after Secretary of essay on nature environment, State Madeleine Albright exercises her statutory authority to block the transaction.
The loan had been controversial in part because of Tyumen Oil's dispute with BP Amoco over the bankruptcy of Russian oil firm Sidanko, in which BP Amoco owns a major stake. BP Amoco and Tyumen Oil later settled the dispute on December 23. (DJ) December 31 The Panama Canal Zone reverts to Panamanian sovereignty at noon, after nearly a century of American control. More than a half-million barrels of crude oil and petroleum products transit the Canal each day. (DJ) December 31 After nearly two years of essay, construction, ExxonMobil completes the Sable Offshore Energy Project, a $2 billion project to critique resume bring natural gas from fields offshore Nova Scotia to belief systems essay the northeastern United States. The fields are estimated to service benefits contain 3.5 trillion cubic feet of natural gas. Systems. (DJ) December 31 Russian President Boris Yeltsin makes a surprise announcement that he is cover employment, resigning immediately. Belief. Vladimir Putin becomes Acting President, and presidential elections will be held within 90 days, with a date to be set by the State Duma.
Russia is the largest exporter of energy in the world. Essay On Nature Environment. (DJ) The following chronology lists international events that hold significance for world petroleum markets. Sources include: Dow Jones (DJ), The Los Angeles Times (LAT), The New York Times (NYT), The Washington Post (WP), and The Wall Street Journal (WSJ). January 1 Energy companies and belief systems countries around the world report that they have passed into the year 2000 without significant problems from the Y2K Bug. Critique. There was concern that the inability of some computers and embedded control systems to recognize the year 2000 could create serious problems. (DJ, WP) January 6 Texaco announces that it has completed testing of the belief systems Agbami-2 well off the coast of Nigeria. The company states that the new field has crude oil reserves estimated at more than one billion barrels. (DJ, WSJ) January 7 Statoil shuts in 390,000 barrels per critique resume, day of systems essay, crude oil production in response to severe weather in the North Sea.
Including earlier moves by on risk Norsk Hydro, Statoil, and Shell, a total of 1.27 million barrels per systems essay, day of North Sea crude oil production is footnotes essay book, shut in due to weather. (DJ) January 13 The National Research Council, a body of the National Academy of Sciences, releases a report confirming that the rise in global temperatures is undoubtedly real, deflating a key argument used by systems skeptics of global warming. The report does not directly address the causes of the critique warming trend. (WP, LAT, WSJ) January 13 The Environmental Protection Agency announces a fine of $30 million against refiner Koch Industries as part of a settlement of charges that the company contaminated lakes and streams with petroleum products which leaked from belief systems, pipelines. (DJ) January 13 Indonesian President Abderrahman Wahid appoints a high level panel to oversee the restructuring of the state-owned oil company Pertamina and choose a new senior management team for the firm. (DJ, WSJ)
January 14 Chevron announces that it has agreed to pay $95 million to settle charges that it underpaid royalties to the federal government for oil produced on critique federal lands. The company says the move is not an admission of wrongdoing. (WSJ) January 16 Takashi Fukuya, Japan's Minister of International Trade and Industry, meets with Saudi Arabia's Petroleum Minister Ali al-Naimi in systems an attempt to reach an agreement on the renewal of resume, Japanese firm Arabian Oil Company's concession for belief systems, crude oil production in the Saudi sector of the term paper Neutral Zone. The ministers reportedly failed to reach agreement on an extension. (DJ) January 19 China discovers a large natural gas deposit in the Tarim Basin in the Xinjiang region of Western China. The country is considering the systems essay construction of a gas pipeline from the region to more heavily populated areas along the style footnotes essay in a Pacific coast. (DJ) January 22 Iraq reaches an agreement on the continuation of belief, oil supplies to Jordan. Under the agreement, Iraq will give Jordan $300 million worth of crude oil in 2000 free of charge, and style Jordan will pay a maximum of $19 per barrel for any additional volumes imported. (DJ) January 25 Spot prices for number two heating oil close at $1.359 per gallon, after rising rapidly from $0.687 per gallon at systems essay, the beginning of style footnotes essay in a, January 2000. The rapid rise takes place as winter storms hit the essay northeastern United States, increasing short term demand for heating oil.
The spot price of chicago, West Texas Intermediate crude oil closes at $30.28 per barrel. (DJ) January 26 The United Nations Security Council reaches agreement on the appointment of Hans Blix of Sweden, the former head of the International Atomic Energy Agency (IAEA), to lead the systems essay new United Nations weapons inspection organization for Iraq. Iraq has indicated that it does not intend to accept the new Security Council resolution. (DJ) January 27 Senator Charles Schumer meets with Secretary of on community, Energy Bill Richardson to press for a sale of oil from the Strategic Petroleum Reserve (SPR) in response to high oil prices. Belief Systems. In particular, northeastern members of Congress have been concerned by the sharp rise in prices for breakfast john essay, heating oil in late January 2000 due to cold temperatures on the East Coast of the United States. (DJ) January 27 The Federal Trade Commission (FTC) decides to postpone a scheduled decision on whether to belief allow the proposed merger between BP Amoco and Atlantic Richfield, after the companies involved made a new offer to divest themselves of further assets. Chicago Style Footnotes Essay In A. (NYT) January 27 Azerbaijan experiences a short-term domestic petroleum products shortage, which cripples the systems country's oil fired power plants. The government of Azerbaijan temporarily restricts oil shipments to the Russian port of Novorossisk and orders the import of a shipment of oil from neighboring Turkmenistan. (DJ) January 28 ExxonMobil's Australian unit, Mobil Oil Australia Limited, announces a compensation package to cover equipment damage and direct business losses arising from contaminated aircraft fuels. Around 5,000 small aircraft have been grounded in Australia due to concerns that engines could clog after consuming the fuels. Mobil has said the contamination resulted from a mistake in the production process, but has not admitted liability for financial losses incurred by its clients. (DJ)
The following chronology lists international events that hold significance for essay and development, world petroleum markets. Sources include: Dow Jones (DJ), The Los Angeles Times (LAT), The New York Times (NYT), The Washington Post (WP), and belief essay The Wall Street Journal (WSJ). February 2 The Federal Trade Commission (FTC) acts to block the proposed merger between BP Amoco and resume Atlantic Richfield, saying the merger would unduly restrict competition along the West coast of the belief United States. (WSJ, WP) February 3 The United States Navy seizes the Russian tanker Volgoneft-147 in the Persian Gulf. The vessel is transporting a cargo of smuggled Iraqi gasoil in violation of United Nations sanctions against term on risk management, Iraq. Systems Essay. (NYT, WP) February 8 Russia's second largest oil company, Yukos Oil, announces an breakfast john steinbeck, agreement with state oil pipeline company Transneft to build a $1.7 billion oil pipeline from Siberia to China. The pipeline would run from Angarsk in Siberia to belief essay Beijing. Cover Letter. (WSJ) February 9 The Federal Energy Regulatory Commission (FERC) issues a group of policy changes which extend the deregulation of the interstate natural gas pipeline system begun under Order 636 in 1992. Among the changes is belief, a lifting, for a trial period of critique, 30 months, of the price ceiling on secondary market exchanges of short-term gas pipeline capacity. FERC's lifting of the ceiling is meant in part to encourage gas shippers to use longer-term contracts which would promote market stability. Belief Systems. (DJ) February 11 Occidental Petroleum agrees to buy Altura Energy, the resume onshore U.S. Belief Systems Essay. oil exploration joint venture between BP Amoco and Shell, for $3.5 billion.
Altura produces about 110,000 barrels per essay on nature environment, day of belief systems essay, crude oil, mostly in West Texas and breakfast steinbeck New Mexico. (LAT) February 14 The price of West Texas Intermediate crude oil closes on the New York Mercantile Exchange at $30.30 per barrel, the highest price (in nominal terms) since the Gulf War in 1991. (WSJ) February 16 The United States announces sanctions against the Greater Nile Petroleum Operating Company (GNPOC), which is developing oilfields in Sudan. The sanctions prohibit American firms and individuals from belief essay, doing business with GNPOC, but do not cover the breakfast foreign parent companies of GNPOC, which include China National Petroleum Corporation (CNPC), Petronas, and Talisman Energy. (NYT) February 16 President Clinton announces the release of systems, $125 million in essay environment and development additional federal government assistance for low income households hit by high heating oil prices. Systems Essay. On the same day, Secretary of Energy Bill Richardson addresses the New England Heating Oil Summit in Boston. The moves come after a dramatic spike in heating oil prices in the Northeastern United States. The price for number two heating oil at New York Harbor peaked at February 4 th at $1.77 per gallon. (WP, WSJ, DJ) February 18 Iranian voters go to essay on nature the polls to elect members of parliament.
The election results in a landslide victory for belief essay, reformist candidates allied with Iranian President Mohammed Khatami. (DJ. February 21 General Electric announces a breakthrough in the design of natural gas power generating plants, using steam instead of air to cool turbine blades. According to the company, the new design will use about 5 percent less natural gas per unit of power generated than the essay service benefits best existing technologies. (WSJ) February 22 Several hundred truck drivers form a convoy through downtown Washington in belief systems a protest against for summer, high diesel fuel prices. Systems Essay. Trucking lobby groups such as the American Trucking Association have supported calls for essay on nature and development, a release of oil from the Strategic Petroleum Reserve. Senator Ben Nighthorse Campbell proposes removing the federal excise tax on diesel for one year. (DJ) February 24 BP Amoco announces that it plans to make $2.5 billion in belief investments in the development of natural gas reserves at the In Salah field in Algeria. Gas deliveries to Europe from the field are expected to start in 2003. (WSJ)
February 24 Saudi Arabia announces that it intends to invite representatives of companies which have submitted bids for natural gas and resume petrochemical investment in belief essay the country to talks which will be held in late March 2000, shortly after the end of the Muslim haj pilgrimage season. John. (DJ) February 26 Secretary of Energy Bill Richardson meets with Saudi Arabian Petroleum Minister Ali Naimi in Riyadh to discuss the recent rise in crude oil prices. The meeting is part of an overseas tour which includes stops in Mexico, Norway, Egypt, Israel, Saudi Arabia, and Kuwait. In a joint statement, Naimi pledged to continue to review oil supply and demand levels to ensure market stability, prevent oil price volitility, and avoid harming the world economy. (DJ) February 27 BP Amoco and Atlantic Richfield hold talks with the belief Federal Trade Commission (FTC) on john steinbeck their proposed merger, which the FTC has filed suit in a federal court to block. The two companies have reportedly offered major concessions, including a much larger sale of Alaskan North Slope production assets. (WSJ) February 27 Columbia Energy agrees to be acquired by NiSource, ending an eight month long takeover battle. The deal is valued at $6 billion, will make NiSource the largest natural gas company east of the Rocky Mountains. (WSJ) February 28 Arabian Oil Company, the Japanese firm which produces crude oil in the Neutral Zone of Kuwait and Saudi Arabia, announces the belief systems essay expiration of its concession for production in on community service the Saudi half of the Zone. The firm's concession for the Kuwaiti portion of the Neutral Zone expires in 2003. (DJ)
The following chronology lists international events that hold significance for belief, world petroleum markets. Sources include: Dow Jones (DJ), The Los Angeles Times (LAT), The New York Times (NYT), The Washington Post (WP), and The Wall Street Journal (WSJ). March 2 Valero Energy Corporation agrees to purchase ExxonMobil's 160,000-barrel-per-day refinery at Benicia, California, and 340 retail gasoline stations for $895 million. The sale is part of the package of critique, divestitures which Exxon and Mobil agreed to in order to belief systems essay secure approval for their merger from the critique Federal Trade Commission (FTC). Valero was selected despite a higher bid from belief systems, Ultramar Diamond Shamrock Corporation, in the expectation that Valero posed fewer potential problems with approval by the FTC, as it has not previously sold gasoline in California and would introduce a new competitor into that market. (WSJ) March 3 A strike by workers at term management, Petroleos de Venezuela (PdVSA) officially begins, but fails to attract much support from union members.
Only about 15 percent of PdVSA workers fail to report for work, according to the company, and operations are not disrupted. Systems Essay. (DJ) March 6 The United States Supreme Court overturns the footnotes essay book State of Washington's law establishing state regulation of oil tankers, ruling unanimously that federal laws take precedence. The attempt to systems impose tougher regulatory standards came in the wake of the 1989 Exxon Valdez disaster in Alaska. (WP, NYT) March 7 New York Mercantile Exchange front-month West Texas Intermediate crude oil futures contract closes at $34.13 per barrel, the highest level in nine years. (WSJ) March 9 South Korea's Hyundai Corporation announces that it is to begin developing Libya's Elephant oilfield, discovered in 1997. Chicago In A. The project is expected to produce 150,000 barrels per day when it reaches full output capacity in 2003. (DJ) March 14 The Clinton administration announces changes to the system for assessing royalties for oil production on federal lands. In the future, royalty calculations will be pegged closer to current spot market prices, instead of an arbitrary value at systems, the wellhead. The changes are expected to generate an additional $67.3 million per year in revenues. Breakfast John. (WP)
March 15 Phillips Petroleum announces that it has agreed to purchase Atlantic Richfield's assets in Alaska for $6.5 billion. The sale is being made in an effort to secure approval from the Federal Trade Commission (FTC) for the merger of Atlantic Richfield with BP Amoco. Earlier the systems same day, the FTC announced that it had suspended its antitrust lawsuit seeking to block the essay on community service merger, citing progress in talks with the companies involved. (DJ, NYT, WSJ) March 17 Secretary of belief, State Madeleine Albright announces an easing of some United States economic sanctions against john steinbeck, Iran. Systems Essay. Purchases of several non-energy items produced in Iran, such as pistachio nuts and Persian rugs, now will be permitted. Sanctions dealing with Iran's oil and natural gas industries, however, remain in place. (NYT) March 21 Secretary of essay, Energy Bill Richardson arrives in Algiers to meet with Algeria's oil minister, Chakib Khalil, as part of a final round of talks with oil producers about the need to increase production in belief systems essay advance of the OPEC ministerial meeting scheduled for March 27th.
The visit is the first to Algeria by john steinbeck essay a cabinet level American official in over a decade. Earlier in systems essay the day, Secretary Richardson had visited Nigeria for talks with President Olesegun Obasanjo. (WSJ) March 20 EPA Administrator Carol Browner announces that the Clinton Administration intends to cover push for a phase out of the use of methyl tertiary butyl ether (MTBE) as a gasoline additive. Belief Systems. The administration wants Congress to pass legislation which would end the requirement for the use of MTBE in gasoline sold in some smog-prone urban areas, and instead require nationwide use of employment, ethanol. (DJ) March 23 Vice Admiral Charles Moore, who oversees United States naval operations in the Persian Gulf, briefs the United Nations Sanctions Committee on belief the increased smuggling of Iraqi oil. Iraq is expected to earn in excess of $500 million from oil smuggling, and possibly up to double that amount, in the absence of strong action by Iran to resume prevent the belief use of its territorial waters by smugglers. (DJ, NYT) March 23 BP Amoco announces that it will purchase 20 percent of the shares to be offered by steinbeck essay PetroChina in its initial public offering (IPO) on the New York and Hong Kong stock exchanges on April 7. Belief Systems Essay. PetroChina is a unit of China National Petroleum Corporation China's largest oil and gas company. The announcement by BP Amoco provides a needed boost to the IPO, which had to be scaled back in size by more than half due to lack of interest on the part of term paper, many large institutional investors. The two firms also announce the formation of a joint venture which will build natural gas distribution infrastructure in parts of coastal China. (LAT, WSJ) March 23 Russia's Lukoil announces the discovery of systems essay, as much as 2.2 billion barrels of new oil reserves in letter for summer the Russian sector of the Caspian Sea. (WSJ) March 26 Vladimir Putin is elected president of Russia on the first ballot, winning 53 percent of the popular vote.
Putin took office as acting president in systems essay December 1999 after the resignation of Boris Yeltsin. Cover Letter Employment. (DJ) March 27 ExxonMobil files a lawsuit in an attempt to block the sale of Atlantic Richfield's assets in Alaska to Phillips Petroleum. ExxonMobil holds stakes in Prudhoe Bay assets currently operated by Atlantic Richfield. (DJ) March 28 After two days of meetings, oil ministers of the Organization of Petroleum Exporting Countries (OPEC) agree on an increase in oil production of 1.452 million barrels per day by its members, excluding Iran and belief systems Iraq. Iraq, has not been subject to john essay OPEC production agreements while under U.N. Security Council sanctions. Belief Systems Essay. Iran, though not formally signing on to the agreement, stated its intention to raise its production in order to avoid loss of its market share. This would represent about a 1.7 million barrel per day increase in OPEC production targets, if Iran was included. Several major non-OPEC producers, including Mexico and Norway, also have indicated an intention to raise production. (DJ)
March 30 The State Department announces that it is lifting its hold on an Eximbank loan to Russia's Tyumen Oil Company. The loan was blocked by the State Department in December due to chicago essay in a book a dispute between Tyumen and BP Amoco over the ownership of assets in Siberia's Chernegorneft oil field, but the two firms had since reached a settlement. (WP, NYT) March 30 The United Nations Security Council votes to allow Iraq to import $1.2 billion in spare parts and other equipment for its oil industry this year under the oil-for-food program. Belief Systems Essay. This is an increase from the previous $600 million annual value allowed. (NYT) The following chronology lists international events that hold significance for world petroleum markets.
Sources include: Dow Jones (DJ), The New York Times (NYT), The Washington Post (WP), and The Wall Street Journal (WSJ). April 5 The government of style essay in a, Iran announces that it has seized a tanker which was smuggling Iraqi oil through Iranian territorial waters. A spokesman for the United States Department of State welcomes the belief essay action. (NYT, WP) April 6 PetroChina, a holding company which serves as a stock market listing entity for the China National Petroleum Corporation, launches an initial public offering (IPO) on paper on risk management the New York and Hong Kong stock exchanges. Systems. The IPO is valued at nearly $3 billion, scaled back drastically in size due to a lack of investor interest. (WSJ) April 7 Tosco Corporation agrees to john purchase the belief systems Wood River Refinery, located in Illinois from Equilon Enterprises, a joint venture between Texaco and Shell, for $420 million. Equilon officials say the sale is part of a shift to concentrate on cover letter the West Coast petroleum products market. (NYT) April 12 Several Chief Executive Officers (CEOs) of major United States oil companies meet with senior Saudi Arabian officials to essay discuss possible investments in critique resume natural gas and petrochemical projects. The firms represented at the meetings include Chevron, Conoco, ExxonMobil, Marathon Oil, Phillips Petroleum, and Texaco.
The Saudi government announces, in belief systems essay conjunction with the meetings, a package of legal changes that will make Saudi Arabia more open to foreign investors. Complete foreign ownership will be allowed for some types of chicago footnotes in a, projects, and the maximum corporate tax rate for essay, foreign enterprises will be reduced to on community service 15 percent. (WP) April 14 BP Amoco receives approval from the Federal Trade Commission (FTC) for its $28 billion takeover of belief systems, Atlantic Richfield Corporation (ARCO). As part of the chicago style essay book approval, ARCO has agreed to sell its crude oil production operations in Alaska to Phillips Petroleum in a deal valued at $6.5 billion. (WP, WSJ) April 18 The China National Petroleum Corporation announces an agreement with Petroleos de Venezuela (PDVSA) to begin purchases of belief systems, Orimulsion, a power-plant fuel made from bitumen from cover letter for summer, Venezuela's Orinoco region. (NYT) April 18 Amerada Hess Corporation announces an agreement with the Algerian state-owned oil company Sonatrach to develop three oil fields in belief essay central Algeria. The $555 million project will develop the steinbeck El Gassi, El Agreb, and Zotti fields. (NYT) April 19 The United States Commerce Department reports a record $29.2 billion trade deficit for February 2000.
This is due largely to the sharp increase in prices for crude oil imports, which added $1.3 billion to the monthly trade deficit. (WP) April 24 The American Petroleum Institute (API) files a federal lawsuit seeking to overturn the systems essay Interior Department's new rules for royalty valuation of natural gas produced from federal government lands. The Independent Petroleum Association of America (IPAA), which represents independent oil and gas companies, also has filed a similar lawsuit. (DJ) April 25 Royal Dutch Shell agrees to pay a $2 million fine for transporting smuggled Iraqi oil aboard a Russian tanker. The tanker, Akademik Pustovoit , was detained by United States naval vessels enforcing United Nations sanctions against Iraq on April 5. Defense Department spokesman Kenneth Bacon states that Shell appeared to have acquired the Iraqi oil unwittingly, and would therefore be allowed to keep the cargo. The fine will go into a United Nations fund for the enforcement of sanctions. (NYT, WP) April 28 Azerbaijan, Georgia, and Turkey sign a final governmental agreement in chicago footnotes essay book Washington on belief the planned Baku-Ceyhan pipeline, which would transport oil from the Caspian Sea region to Western markets through the Turkish port of Ceyhan. The agreement covers the issues of transit fees, security, and governmental liability involved in the project. (DJ) April 29 Iraq's oil ministry states that it expects to export more than $8.5 billion of oil in the current six-month phase of the resume United Nations oil-for-food program. (DJ)
April 30 Total Fina Elf announces that it intends to invest $8 billion in Saudi Arabia's natural gas sector. Systems Essay. The announcement comes following a meeting between Total Chairman Thierry Desmarest and cover letter for summer Saudi Arabia's Oil and Gas Policy Committee, which includes Foreign Minister Saud al-Faisal and Petroleum Minister Ali Naimi. The Saudi government has been seeking foreign investment in natural gas and petrochemical projects. (DJ) April 30 The National Iranian Oil Company (NIOC) signs a 25-year agreement with a consortium of multinational firms for essay, a set of studies dealing with its natural gas sector. The topics will include estimating reserves and assessment of Iran's prospects for both increased domestic use and export of natural gas.
Firms involved in the agreement include BP Amoco, Royal Dutch Shell, British Gas, and Gaz de France, among others. (DJ) The following chronology lists international events that hold significance for world petroleum markets. Sources include: Dow Jones (DJ), The Los Angeles Times (LAT), The New York Times (NYT), The Washington Post (WP), and The Wall Street Journal (WSJ). May 2 ExxonMobil signs a production-sharing agreement with Qatar General Petroleum Corporation (QGPC) for the development of natural gas from Qatar's offshore North Field. The project is expected to eventually produce 1.75 billion cubic feet per day, much of which will be exported to the United Arab Emirates (UAE) as part of the Dolphin Project, a series of pipelines linking the gas grids of Qatar, the on community service benefits UAE, and belief essay Oman. (DJ)
May 5 Indonesia's central government proposes three management options to the government of Riau province for the Penkanbaru field, Indonesia's largest. The options include the possibility of Riau taking over state oil company Pertamina's stake in critique resume the field. The move is belief systems essay, part of an effort by the government of President Wahid to distribute oil and gas revenues more fairly among Indonesia's regions. (DJ) May 10 BP Amoco reports the discovery of a major natural gas field off the coast of Trinidad, which may hold 2 trillion cubic feet of gas. BP Amoco recently announced a planned expansion of its liquefied natural gas (LNG) facility in Trinidad, which will triple its capacity by 2003. (DJ)
May 16 Several sources, including the Washington Post, report a major oil find at the Kashagan field offshore from Kazakhstan, with reserves reportedly greater than 8 billion barrels. If these early reserve estimates prove correct, the additional production volumes could boost chances for construction of the proposed Baku-Ceyhan pipeline. On Community. (WP, DJ) May 16 Senate majority leader Trent Lott and other Republicans introduce legislation intended to boost United States domestic oil production. Among other actions, the bill would provide a tax credit of up to $3 per belief essay, barrel for production from marginal wells during periods of low oil prices and open up the coastal portion of the Arctic National Wildlife Refuge (ANWR) to oil exploration. (DJ) May 17 Chevron announces that it is to acquire an cover for summer employment, additional 5 percent stake in Tengizchevroil, the firm which operates the Tengiz field in Kazakhstan, in systems a deal valued at $450 million. The Kazakh government share in chicago style essay in a the field will fall to 20 percent. (DJ) May 17 The Environmental Protection Agency (EPA) formally proposes a rule which, if finalized, would reduce allowable sulfur levels in diesel fuel by belief systems essay 97 percent over the next five years. The move is chicago style footnotes book, opposed by major refiners. Systems Essay. (DJ)
May 19 BP Amoco receives approval from the essay on nature and development European Union for systems, its acquisition of Burmah Castrol, for $4.7 billion. After the purchase, BP Amoco will hold a 15 percent market share for letter for summer employment, automotive lubricants in Europe, comparable to TotalFinaElf and ExxonMobil. (DJ) May 19 A federal appeals court denies a petition by systems six major oil companies to rehear a decision upholding a Unocal patent for phase two reformulated gasoline. Uncertainty over Unocal's patent rights has led some refiners to stay out breakfast john essay of the market for belief systems, reformulated gasoline, fearing that they may infringe on one of Unocal's five patents related to reformulated gasoline. (DJ) May 21 Russian President Vladimir Putin appoints Alexander Gavrin as Minister of Energy. Gavrin, a former Lukoil executive, replaces Victor Kalyuzhny. Putin also abolishes Russia's State Committee on the Environment, transferring its functions to the Ministry of Natural Resources, which licenses oil and gas development. (WSJ, WP) May 22 The United States Supreme Court agrees to hear a case involving the power of federal agencies to issue regulations under broad grants of authority from Congress. The Environmental Protection Agency (EPA) is appealing a decision by a federal appellate court which invalidated new standards set by the EPA in 1997 for ozone and cover for summer employment particulate matter emissions.
The case, Browner vs. American Trucking Association , is significant because it is the first time since 1935 that a federal regulatory program has been struck down under the non-delegation doctrine. (NYT, WSJ) May 23 The Energy Information Administration releases a study of oil reserves in the Arctic National Wildlife Refuge (ANWR), which currently is off-limits to oil exploration. The study estimates that there are between 5.7 and 16 billion barrels of recoverable oil in belief essay the ANWR. (WSJ) May 24 BP Amoco agrees to letter for summer purchase the 18.1 percent of Houston-based upstream oil and gas producer Vastar Resources which it does not already own. The deal is systems essay, valued at $1.6 billion. (WSJ) May 26 Devon Energy agrees to acquire Santa Fe Snyder Corporation for $2.35 billion in chicago essay in a stock, plus the assumption of belief systems essay, about $1 billion in style essay in a book debt. The deal will put Devon Energy among the largest independent oil and gas producers in belief systems the United States. (DJ)
May 29 According to and development the Energy Information Administration, retail gasoline prices in the United States reach their highest level ever, with an average price of $1.538 per gallon. The previous peak was $1.529 per gallon, on March 20, 2000. Essay. These figures are not adjusted for inflation. (DJ) May 30 The Environmental Protection Agency (EPA) denies requests from petroleum marketers in Chicago and Milwaukee for a temporary exemption from essay environment, a requirement to sell phase two reformulated gasoline, rejecting marketers' claims of supply shortages in those cities. Earlier, on belief May 18, the EPA had approved such a temporary waiver for resume, St. Louis, based on a local supply shortage. Systems Essay. (DJ) May 31 Iraqi Oil Minister Amir Muhammad Rashid states that Iraq does not intend to cooperate with the United Nations Monitoring, Verification, and Inspection Commission (UNMOVIC), the new body created to footnotes in a verify Iraq's destruction of prohibited weapons. In other comments, he also states that Iraq does not intend to sign more contracts with foreign oil companies to develop its oilfields until contracts previously awarded are implemented. (DJ)
May 31 TransCanada Pipelines agrees to sell its stakes in several natural gas transmission assets in Argentina, Brazil, and Chile to belief TotalFinaElf for $440 million. The sales come as part of TransCanada's drive to divest non-core assets, which the company expects to result in revenues of $3 billion. (DJ) May 31 Oilfield services firms Baker Hughes and Schlumberger agree to create a venture which will unite the two companies' seismic survey units. Critique Resume. The joint venture, Western Geco, will own seismic survey hardware, data processing operations, and the companies' archives of seismic survey data. The firm will be 70 percent owned by Schlumberger and essay 30 percent owned by Baker Hughes. Baker Hughes will receive a payment of $500 million as part of the transaction. Essay On Nature. (DJ) June 6 The World Bank executive board votes to systems essay approve a loan of $193 million to support a project to resume build a crude oil pipeline from Chad to the coast of Cameroon. The countries will collect an estimated $2 billion in revenues from the project over a period of systems, 25 years. (DJ) June 8 The Brazilian government conducts an auction of oil exploration and production concessions covering a total of 21 blocks, both onshore and offshore.
The auction represents an important step in the opening of Brazil's oil industry to international competition and investment. (NYT) June 9 The United Nations Security Council passes a resolution extending the oil-for-food program, under which Iraq sells oil to finance imports of food and other civilian necessities, for a period of six months. Term Paper On Risk. (NYT) June 9 The United States and Mexico sign a treaty resolving the issue of economic rights over the deepwater doughnut hole area in the Gulf of Mexico between the belief essay two countries. The agreement is based on measuring distances from breakfast essay, each country's coast, and gives the United States rights to essay 38 percent of the area. (DJ) June 10 Syrian President Hafez Assad dies in Damascus.
Syria's parliament votes to amend the constitution to lower the minimum age for critique, a president, a move seen as facilitating a succession by belief systems his son, Bashar Assad. For Summer Employment. (DJ) June 15 The German government announces an agreement with utilities for the complete phaseout of nuclear power. Nuclear power plants will be closed after a lifespan of 32 years. Nuclear power supplies about one-third of Germany's electricity, and the phaseout plan may complicate Germany's plans to reduce fossil fuel consumption to essay curb greenhouse gas emissions. (DJ) June 15 The Department of Energy orders the release of 500,000 barrels of steinbeck essay, crude oil from the Strategic Petroleum Reserve (SPR). The oil is to be loaned to Citgo's refinery at Lake Charles, Louisiana, which has been cut off from it normal crude oil supplies by an obstructed waterway. (DJ)
June 19 Husky Oil of Canada agrees to purchase Renaissance Energy in a $2 billion deal. The new entity created by the merger will be the second largest producer of oil and gas in Canada. (WSJ) June 19 The Energy Information Administration (EIA) reports a one-week rise of five cents in the average price of regular gasoline, to belief essay $1.681. This is the seventh straight week of john steinbeck, increasing prices. Belief Systems. Gasoline prices in the Midwest are the nation's highest, at $1.874. (DJ) June 20 The Federal Trade Commission (FTC) launches a formal investigation into high gasoline prices in some areas of the Midwest, which have seen gasoline prices rise disproportionately in paper on risk relation to essay the rest of the United States. (DJ) June 21 Oil ministers from the essay on nature environment and development Organization of Petroleum Exporting Countries (OPEC), meeting in Vienna, agree to raise crude oil production quotas by a total of 708,000 barrels per day. OPEC's total production quota (excluding Iraq) will rise to 25.4 million barrels per day as of July 1, 2000.
The next day, crude oil futures rise, with the New York Mercantile Exchange (NYMEX) August West Texas Intermediate contract closing June 22 at $32.19. (DJ) June 26 The United States Supreme Court orders the federal government to refund $156 million which Mobil Oil and Marathon Oil had paid for systems, exploration rights off the coast of North Carolina. Plans to develop the on nature environment and development area were derailed in 1990 by the Outer Banks Protection Act, which required extensive environmental analysis by the Department of the Interior before drilling would be permitted. The plaintiffs argued that the law amounted to an open ended moratorium on essay the companies' exploration plans. Letter For Summer Employment. (DJ) June 27 The Wall Street Journal reports that PSG International, the joint venture company formed by belief systems essay GE Capital and Bechtel to essay environment and development build the Trans-Caspian Gas Pipeline (TCGP), has laid off most staff and closed offices associated with the belief project. The discovery of natural gas at on nature environment, the Shah Deniz field off Azerbaijan in 1999 has complicated negotiations on the project. (DJ) June 29 Norway's Oil and systems essay Energy ministry announces that it is rescinding its production cut of on nature environment, 100,000 barrels per day, which it had undertaken in cooperation with production cuts by the Organization of Petroleum Exporting Countries (OPEC), of belief essay, which it is not a member. It is unclear whether the service benefits move will have a significant impact, as Norway's production cuts are subtracted from planned, not actual, quantities, and it is unclear whether Norway can meet its full planned production of 3.4 million barrels per day in the near term. Belief Systems Essay. (DJ) June 30 The Environmental Protection Agency (EPA) proposes a rule change which would make it easier for refiners to use ethanol in gasoline. The proposed change allows refiners to slightly increase the evaporative property in and development gasoline to belief systems essay accommodate ethanol, in exchange for the carbon monoxide reductions which result from chicago style footnotes in a book, ethanol use. Essay. (DJ)
June 30 The Department of Justice and the State of Wisconsin file suit against term on risk management, Murphy Oil, alleging Clean Air Act violations at the company's refinery in Superior, Wisconsin. (DJ) June 30 Australia's Woodside Petroleum rejects an systems, asset-equity swap deal proposed by Royal Dutch Shell, which would have resulted in critique Shell owning a majority interest in Woodside. Analysts have said the belief rejection by Woodside may result in a hostile takeover bid by Shell. (DJ) June 30 Shareholders of the Russian natural gas company Gazprom elect Dimitry Medvedev, a former senior government official, to benefits take over belief essay as Chairman. Medvedev replaces former Prime Minister Victor Chernomyrdin in the post. Gazprom provides the Russian government with almost one-fifth of its tax revenue and breakfast accounts for about 6 percent of Russia's gross domestic product. (DJ) July 3 News reports attributed to sources at the Organization of belief systems essay, Petroleum Exporting Countries (OPEC) say that Saudi Arabia plans to increase production by service 500,000 barrels per day in belief systems an effort to lower the price of the service benefits AOPEC Basket. Belief. Later the same day, Saudi Oil Minister Ali Naimi confirms that Saudi Arabia intends to increase production Avery soon if prices remain above the OPEC price range of $22-$28 per barrel. Cover Letter For Summer. (DJ) July 5 Halliburton announces that it has received contracts from the Brazilian state-owned oil company Petrobras for the development of the essay Barracuda and Caratinga offshore oilfields. The contracts, with a total value of essay, $2.5 billion, provide for systems, the construction of two floating production, storage, and offloading units and the drilling of and development, 51 wells. (DJ) July 5 Tosco Corporation agrees to sell its Avon refinery near San Francisco to Ultramar Diamond Shamrock in belief a transaction valued at $800 million. (DJ)
July 11 Kuwait Petroleum Corporation announces plans to increase its crude oil production capacity to three million barrels per day, in a program of facility upgrades which will take approximately three years to complete. (DJ) July 12 The Kuwaiti parliament ratifies a treaty with Saudi Arabia resolving competing claims to offshore mineral rights. The two countries will share revenues from the Khafji, Dorra, and Hout oil and cover gas fields. The treaty will allow the two governments to begin negotiations with Iran to settle conflicting claims, which have again surfaced as Iran has begun drilling in the Dorra offshore gas field. (DJ) July 12 In a policy shift which will allow foreign investors a majority stake in the planned Xinjiang-Shanghai natural gas pipeline project, the Chinese government announces that it is ending its ban on essay foreign ownership of on nature environment, natural gas infrastructure. A tender for the project is essay, planned for later this year and construction is to breakfast john essay begin in 2001. The shift is belief, seen as a further attempt by China to attract foreign capital to its energy sector. (DJ) July 13 BP Amoco agrees to sell its Alliance Refinery at Belle Chasse, Louisiana, to chicago essay book Tosco Corporation for $660 million. The sale will bring Tosco's refining capacity to 1.35 million barrels per day.
BP Amoco plans to sell its Alliance Pipeline to other buyers. BP Amoco currently owns 21 refineries, but has announced plans to systems essay sell off more refining capacity, including its interests in Singapore. (DJ) July 24 BP Amoco announces that it will launch a new brand identity worldwide, consolidating the acquisitions of steinbeck essay, Amoco, Burmah Castrol, and Atlantic Richfield. The company will drop the Amoco name, and will adopt a new green, white, and yellow logo based on essay the sun god Helios from Greek mythology. (DJ) July 25 Israeli-Palestinian peace talks at Camp David, Maryland, break off after two weeks of U.S.- mediated negotiations fail to on nature environment and development produce an agreement. (DJ) July 25 A petroleum products pipeline catches fire in southeastern Nigeria, resulting in essay many deaths. Oil pipeline fires are common in the Niger Delta region, often resulting from attempts to steal petroleum products. (DJ) July 25 A large spill of essay on community, diesel fuel takes place in Guanabara Bay near Rio de Janeiro in Brazil.
The event is the third major oil spill in Brazil in 2000. (WP) July 26 The Offshore Kazakhstan International Operating Consortium (OKIOC), which includes nine international oil companies, reports substantial flows of oil and natural gas from the first well drilled at the Kashagan field. OKIOC plans to drill a second test well at belief, the western end of the essay on nature structure, 25 miles away from the first well, before the end of 2000. (WSJ) July 27 Qatar General Petroleum Corporation (QGPC) and belief essay ExxonMobil sign a memorandum of cover letter for summer employment, understanding with Kuwait Petroleum Corporation for exports of Qatari natural gas to Kuwait. Systems. The gas will come from Qatar's offshore North Field. (DJ) July 27 Italy's ENI signs a deal with Iran worth $3.8 billion for the development of the cover letter for summer country's South Pars gas field in the Persian Gulf. The project will take five years to belief become operational, and will eventually produce 530 million cubic feet of gas per cover, day. (DJ) July 28 Spain's Repsol and Brazil's Petrobras agree to a $1 billion asset swap which will make Repsol the systems second largest oil refiner in Brazil.
The two companies also agree to jointly produce electricity in Brazil. (DJ) July 30 Venezuelan President Hugo Chavez wins reelection with 60 percent of the chicago style footnotes essay in a book popular vote. His Patriotic Pole party also wins a controlling majority in the country's new unicameral legislature. (DJ) July 31 A Shell executive involved in the Trans-Caspian Gas Pipeline (TCGP) project warns that time is running out for reaching an agreement with the government of Turkmenistan. Belief. The Turkmen government has reportedly been asking for a pre-payment from the essay on community service benefits companies developing the pipeline, a demand they have not been willing to accept.
In June 2000, consortium partner PSG International closed offices in the region associated with the TCGP project. (DJ) July 31 The Middle East Economic Survey (MEES) reports that Saudi Arabia has shortlisted eleven bidders who will be asked to essay submit formal proposals for integrated natural gas projects and downstream oil projects in on community service benefits August 2000. The firms reported to have been invited to bid include Royal Dutch Shell, Phillips Petroleum, Chevron, ExxonMobil, Texaco, Conoco, BP Amoco, ENI, Marathon Oil Canada, TotalFinaElf, Enron, and belief systems essay Occidental. (Enron and chicago style Occidental have submitted a joint bid.) (DJ) August 1 ExxonMobil announces that it expects to attain cost savings of $4.6 billion as a result of its recent merger, up 65 percent from its original estimate. Cost-cutting measures include a staff reduction of 19,000 from the original combined total of 123,000. Belief Systems. (WSJ) August 1 The Organization of Petroleum Exporting Countries (OPEC) officially tells member governments to cancel plans to raise production. On July 17th, with the price of the OPEC Basket above $28.00 since July 1, OPEC President Ali Rodriguez told members in a letter to prepare for an increase by john essay the end of systems, July, provided the OPEC Basket price stayed above the $28.00 ceiling in OPEC's Aprice band. The price then fell below the threshold. (LAT) August 10 General Motors and ExxonMobil announce that they are jointly developing a gasoline processor for fuel cell-powered vehicles. The processor will create a stream of hydrogen derived from the gasoline which will run the fuel cell, which could be twice as efficient as a regular gasoline engine.
General Motors says it plans to put fuel cell-powered vehicles on the market in significant numbers by 2004. (WSJ) August 10 Venezuelan President Hugo Chavez meets with Iraqi President Saddam Hussein in Baghdad as part of a tour of members of the Organization of Petroleum Exporting Countries (OPEC). He is the first head of state to visit Saddam Hussein since the 1990 Iraqi invasion of Kuwait. Breakfast John Steinbeck Essay. (NYT, WP) August 10 Shares of Petrobras, the Brazilian oil company, begin trading on the New York Stock Exchange, as the Brazilian government sells a 16.6 percent stake in the majority state-owned firm, raising more than $4 billion. (WSJ, NYT) August 16 ExxonMobil announces that it and four other refiners will ask the Supreme Court to review a lower court ruling upholding Unocal's patent covering reformulated gasoline. Systems. The Supreme Court will announce this fall whether it will hear the case. (WSJ)
August 17 The Wall Street Journal reports that, in a reversal, President Sapamurad Niyazov of Turkmenistan is again actively pursuing the Trans-Caspian Gas Pipeline. The shift in policy reportedly is style footnotes in a book, communicated during a meeting with the Turkish ambassador in Ashgabat. (WSJ) August 20 Ten people die as a result of a gas pipeline explosion outside of Carlsbad, New Mexico. The pipeline, which carries natural gas from West Texas to systems essay California, is owned by El Paso Energy. (DJ) August 22 PetroChina, China's largest oil and gas company, and the Hong Kong firm Hutchinson Whampoa announce the formation of a joint venture which will develop a business-to-business Web portal for oil and gas businesses in China. PetroChina says it expects the letter for summer employment move to reduce its own procurement costs by 5 to 10 percent. (DJ) August 23 The Energy Information Administration reports that crude oil stock levels in systems essay the United States have fallen to their lowest level since 1976.
Crude oil for October delivery closes at $32.02 on the New York Mercantile Exchange (NYMEX), up 80 cents. Term On Risk. (DJ) August 24 Enron announces an agreement with German regulators which will allow the company to begin supplying the municipal utilities of two German cities with natural gas. As with other members of the European Union (EU), Germany must open part of its natural gas market to foreign competition to fulfill its EU commitments. Belief. (DJ) August 24 Iraq's Deputy Prime Minister Tariq Aziz says Iraq will not cooperate with the United Nations Monitoring, Verification, and Inspection Commission (UNMOVIC), the breakfast steinbeck body created by the United Nations to replace the former United Nations Special Commission on Iraq (UNSCOM). Essay. (DJ) August 25 President Clinton begins an official visit to breakfast john steinbeck essay Nigeria.
In the first six months of 2000, Nigeria ranked as the fifth largest supplier of crude oil to belief systems essay the United States, accounting for about 10 percent of on community service benefits, American imports. (NYT) August 25 BP Amoco wins the right to retain its 10 percent stake in the Russian oil company Sidanco, when Sidanco shareholders vote to allow the belief former rival to receive newly-issued shares in exchange for a subsidiary it lost in a disputed bankruptcy proceeding. (DJ) August 25 Florida Power and Light (FPL), the largest electric utility in the United States, files with the breakfast essay Florida Public Service Commission for approval to raise electricity tariffs in the state. The company cites increased costs for belief essay, natural gas and fuel oil. (DJ) August 28 Futures contracts for heating oil on footnotes essay book the New York Mercantile Exchange (NYMEX) reach their highest price since October 1990, trading as high as $1.00 per gallon before falling back to belief essay close at 99.9 cents per gallon. Term On Risk. The price rise reflects low stock levels for heating oil in the United States, which have fallen almost 40 percent in relation to the same period last year.(DJ) August 30 The Department of Energy awards contracts to create a 2- million-barrel reserve of heating oil. The oil will be stored in privately owned facilities in belief essay Woodbridge, New Jersey, and New Haven, Connecticut. (DJ) August 31 PetroChina announces that it plans to eliminate 50,000 jobs annually over cover for summer employment the next five years in essay a move to cut its operating costs. Letter For Summer Employment. At the systems essay end of 1999, PetroChina had a staff of 480,000. Environment And Development. (DJ)
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What Role Do School Clubs and Teams Play in Your Life? Questions about issues in the news for students 13 and older. An article in the New York Region section spotlights a high school where kids play overturned five-gallon plastic paint buckets in their school’s “Jaguar Bucket Ensemble.” What extracurricular activities do you do? What do you think you get out of belief essay them? In “Making Music With Plastic,” Tammy La Gorce writes about this band and what it means to students and teachers: Seventeen-year-old Jamal McMillian remembers clearly the day he was asked to join the Jaguar Bucket Ensemble. “I’m like, ‘Buckets?’ ” Jamal said recently in a control room near the auditorium at East Orange Campus High School, where the essay on community benefits, 45-member group was rehearsing, banging out belief systems, songs using drumsticks and overturned five-gallon plastic paint buckets. “That’s not real music,” he recalled thinking. That was at the start of the benefits, 2008-9 school year, when Jamal was a sophomore and new to Campus High.
Comments are no longer being accepted. I really only do one sport during the school year, and that is track #038; field. Cover Letter Employment? I do this sport to essay, keep in shape and be healthy. Service Benefits? After an energetic run, I don’t feel tired, weak, or drained, I feel like going out and running again. Running lets my mind just float away because I don’t have to systems, think about breakfast john steinbeck essay anything as I’m running. To keep up with my school work, I do my homework and essay study after I get home for critique resume a few hours. If I didn’t study, and I only ran, I would be failing every class. Studying and running keeps a balance between my athletic and social life and my work life. Because I study, I understand what we’re doing in class, and I don’t have to take random guesses on tests and quizzes. Running keeps me relaxed, as well.
Some people only systems essay, run because they want to chicago in a book, “lose those extra pounds from Christmas.” I run because it makes me feel good. I think its great for teachers to encourage high school students to belief systems essay, engage in term paper, extra curricular activities so that they can familiarize themselves with the art of essay multi-tasking. As a student body president in the Great Bronx Community College, I am also a full-time student as well as having a part-time job on the side to pay the on nature environment and development, bills and a mother to an 11 year old son. I juggle many responsibilities on a daily basis and successfully accomplish them all (for the most part.) I feel I owe this knowledge of essay skills to the mentors I grew up with who encouraged me to cover for summer employment, take on other activities in school besides just classes. Thank you to essay, those who were there for term on risk management me! I encourage our future leaders to do the same! I don’t know if aerial silk is considered as an sport, but i practise it ! I really like it. I decided to belief, do it because of on nature environment a friend.
I could organize all my activities without problems. Now i don’t care to do my homework because i know, after that, i’m going to belief essay, climb up to my silk! It helps me relax. Sports play a great role in my life and in school. They help me be able to work for something. Resume? I play softball and fieldhockey. Softball is my favorite sport.
Some people say they have “no time” for sports, but for me it pushes me to do better so i can still play my sport. I always have time to belief, do my homework when i get home from environment and development, practice or a game, so i never get behind in my work. Until the systems essay, beginning of the spring sports season, I only belong to two school clubs/activities: the Bowling team and the high school band. So those two things do not play a large part in my life because I belong to a separate bowling league which means I don’t need to practice on my own time, and I don’t need much practice playing my trumpet music. Once the winter blues ends and the spring sun begins to rise; this is when sports have a large role in my life. Track and Field is a 3-month-long sport, full of john steinbeck grueling and difficult practices. Practices begin in early march and we have them everyday from 2:45 to 4:00 PM. We actually had to run in the below 40 degree rain and wind which mad me sick. Belief Systems? When we don’t have practice, I force myself to run on my treadmill because I know that if I didn’t, practice would be that much more hard.
As of now, teams are my life. They not only play a role, but basically control it, but not in a bad way. I am not one of those people who are obsessed with sports and staying fit, I just love sports and essay environment and development as a teenage girl I am loaded with energy. Sports are my release and without them I do not know what I would do. Systems? In the fall, I am preparing for basketball. Benefits? A few workouts here and there can’t hurt.
Then winter I am playing basketball for my high school. With practices everyday and games when there are no practices, my schedule gets a little crazy. Then in the spring I run track. Some may look at this and systems say it’s a little much, but it excites me and keeps my life far from boring. And I do admit some times it takes away from my social life, but that is why I have friends who have a parallel schedule to me. The most important thing I love about cover for summer employment sports and teams is the fact that after school you have somewhere to go and have the chance to be a kid and release stress that builds up with homework, tests and teachers.
The adrenaline I get from the fun and competitive side of sports drives me to do my best. My life would be dreary and dull without sports. When I am devoted to a team, we share struggles and triumphs and those are the things that add color to my life. I play field hockey, and essay swim for my school and i love it so much. On Community? I hate the training, and belief systems the runs and the ab workouts but i love everything else about the essay and development, time.
I love the long bus rides and the commaradie that comes along with being on belief, a team. Our team made it all the way to division championships this year and resume it was the best feeling in the world. Sports are very important to me because the exercise and the success that comes with it make me feel so good about systems essay myself. Also for swimming, we would sprint for nearly a half hour in the pool and it was the most grueling thing in the world but when i took the second place in on community benefits, the 200 meter (8 laps) i was so proud of myself, as im swimming against people who swim year round when i do no. I have always been involved in extracurricular activities, since elementary school. I was in talent shows from 3rd to 5th grade, then when I started middle school I joined student council. Student council is always good because youre helping not only your school but others in belief systems, your community. Now this year I am a freshman and over the summer, I started cross training. I got in really good shape , so i joined the cross country team. It was a great experience beacause I met so many people and critique resume i stayed healthy. Unfortunatley this kept me from signing up from student council this year, but I plan to systems essay, get right back on it my sophmore year along with cross country.
After the term paper, XC season ended I tried out for systems basketball, witch I also had been playing this sport since I was in the 3rd grade. I made the team, but when more people came to try out I got cut. So then I decided to paper on risk management, join jazz band, so I can now proudly say that I am a band geek. I play the systems, piano and its difficult because I have to constantly practice so that I know the songs. We have the UNM Jazz Festival coming up and I am very nervous because I am doing the solo, (wish me luck). On Nature? So I guess thats it. After school clubs have really helped me get to know other people. The school play that I am doing helped me meet people. Also, what a great way to belief systems, hand out with friends and laugh. (which I tend to do a lot)
I am involved with intramural basketball. I do intramural basketball because it is really fun and I love basketball. I get some exercise and fun out of playing basketball. I don’t have any trouble balancing it with my academics. It is on on community service benefits, a Saturday morning so I have no problem balancing it with school work. Belief Systems? School work doesn’t take me that long and basketball is only a few hours a week. I love basketball but I don’t like playing too competitively so I like playing this. Sports faded for me because I do not like the programs that Hanover-Horton offers.
I believe that the coaches are very biased and they choose favorites. I wish that Hanover was more positive about the athletic program. When I did play sports, it gave me a lot to chicago style in a, do, kept me in shape, made me happy, kept me out of trouble, and essay kept me motivated. I really miss sports. Now that I am not in them, I do not do a whole lot, and I have less motivation to do others things especially homework and anything productive. Ever since I was little I have been involved in as much as I can. On Community Benefits? The Hanover-Horton Community Service Club is one of them and belief systems I’m President of it. We perform service projects like blood drives, making blankets for the elderly, and reading to style footnotes essay book, elementary kids.
I also am in the yearbook, National Honor Society, and school newspaper staff. Essay? I help with editing for the paper and cover letter for summer activities in the NHS for the community. It feels really great to be involved in extracurriculars because you make a lot of friends and you have something to belief systems, keep busy with. Chicago Style? They can be lots of belief essay fun, but academic work always comes first in my life. For Summer? The best tip for doing both is belief staying focused and only taking on what you can handle. School sports and term paper on risk management school clubs play a huge roll in my life. I am involved in volleyball, basketball, and track. I have participated in these sports for the three years I have been in belief, High School. I am also part of student council and chicago footnotes yearbook.
With out these things in belief essay, my life I wouldn’t be as active as I am today. These things keep me busy and footnotes essay in a always on my toes. I enjoy doing these things because they are all thing that I love to do. they don’t nessicarily mean anything special to me because i am not involved in any school run extracurriculars. But i do know that they are important to those who are involved.
Just not me. The extracurricular activities that I am involved in systems essay, include the following, cross country, track, soccer, year book club, community service club, world language club, the school newspaper, float building, and volunteer at my church, teaching the preschool class. I do these things because I am a people person and it’s a great way to meet new friends. What I get out of these clubs and sports are life lessons, like responsibilities, working with others and juggling activities at once really helps later in life. Essay? I balance them by being responsible and scheduling everything accordingly. I am in the Community Service Club at my school. We have recycling buckets in our school and are always helping people in our community.
I participate in systems, this club because it gives me a chance to help others and critique do volunteer work. The Community Service Club has never interfered with my academic work. We only meet once a month and most activities take place on the weekend, so it doesn’t conflict with any of my other activities. I do track and belief systems field because it is for summer a great opportunity to make friends outside the classroom, especially for an exchangestudent like me. Belief Systems? But it is also good exercise and it is a good way to get some fresh air. As an exchange student it is hard to get around and do stuff by myself because I always need my host parents to drive me where I want to go, and essay on community service benefits they can not do that very often since they are busy. Therefore it is great to belief essay, get out in a, of the house as well. It is fairly easy to keep up with the academic part, but some days I am really tired and it can be impossible to focus.
It’s all about discipline, and belief systems there is no problem if you just do it. Style Essay Book? I feel like I’m getting more energy in school when I am running as well, which helps my concentration a lot. I’m in the Skywriter, and I’m learning to belief essay, play piano. The reason that I am in these things is because it makes use of my spare time, and its better then sitting in front of the TV or the computer. For Summer Employment? I get the knowledge of belief how things work on essay on community service benefits, a newspaper and how the piano gets your brain working. It is very easy to balance theses items with school, because the Skywriter is our school paper. And playing piano is only an hour a day, so that is not to big of a problem. I have been involved with many teams and some school clubs during my high school career. During these times of involvement, it has been very time consuming.
I usually have practice and games 6 out of the 7 days and sometimes all week. It really takes time away from my social life, and sometimes it keeps me away from studying as much as I would like to. But I wouldn’t have had it any other way, I have enjoyed being involved in so many sports and clubs throughout the years. I’m not involved in essay, any extracurricular activities. I use to be, but I’m not anymore, one reason I don’t do them anymore, is because they were too time consuming. I didn’t have enough time for essay on community my school work, and I would be so tired after practices, and belief essay I would have to go home and do my homework, but I would be to tired to do it, and cover letter for summer just go to systems essay, bed. Chicago Essay In A? Then the next day I would be too tired in school, and systems essay it just didn’t work out for me.
Also, as you get older, the sports get more serious, and you have to dedicate so much, and I only liked playing sports for the fun of the sport, so I didn’t want to have to dedicate my whole life to cover letter employment, a sport, to belief, me, it just wasn’t worth it. For me, school clubs a teams play a small part of my life. I’m in a few clubs but they are just things that I do, not things that I live by. I can’t really talk about the benefits, importance of clubs and teams because I don’t see them as really important; importance for me is belief a weighty title. Clubs play the critique, role of social interaction, skill building, development of character and the identification of different traits in others. This is the standard role for systems essay most but I don’t follow that formula myself.
Clubs and Teams can play an integral part in a persons life depending upon who you are, but at this point they’re not really important. The one, and critique resume only sport I am involved in is volleyball. I do this sport because it is something I love to belief essay, do and keeps me busy. It doesn’t allow me to just sit at home and chicago style essay book do nothing accept be lazy. I get a lot out of them such as friendship. Doing these sports has helped me make so many new friends from all over. I balance this with my academics by doing my homework as soon as I get home so I can get it done and over with because our practices are mostly late. And also it helps me keep my grades up because I know I wont be able to play if my grades aren’t up. I am involved in baseball; there it allows me to be a leader.
I gain leadership by being a captian. It makes me work hard and to not want to let my team down. so i try to balance tha t with homework so after practice is done I start on belief, my homework. then once it’s done i get to relax and enjoy the rest of my day. There are several things you can be involved in when you are in breakfast essay, high school. It is very important to me that these things are always there. It betters people in their everyday lives and helps them try in belief, school. Term Paper On Risk Management? It also motivates many students. I enjoy going to essay, basketball games and being a part of the student section. I have one more year of high school and I plan on doing cross country and soccer.
The real question is, where would my life be without clubs or sports in it? I would be sitting on essay, my butt watching television and playing video games. Without sports in my life I would not be interested in belief systems, staying in shape whatsoever. Term Paper On Risk Management? Clubs and belief sports motivate me beyond belief to stay in shape and environment keep active and out of trouble. During football that is all I had time to systems, focus on besides school, and now I am into MMA and it will keep me in shape and it motivates me to work out constantly. I get a good sense of control out of all of my athletics, I learn to control any emotions I may have. My school work will always come first but with paying attention in class and cover letter for summer employment focusing just on my homework it does not take long for me to finish, which leaves me with plenty of time for athletics. Sign up for our free newsletter.
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College Tuition Essays and Research Papers. acknowledged them through correct documentation.” Student Loans Today college tuition prices are rising. Systems. Paying for paper on risk management . college can often be a stressful responsibility. A college education is very important for belief systems many students, but when stressing on how to pay for college gets in the way, it becomes more of a burden. Essay On Community. Kim Clark effectively states the rising prices of college tuition in her article, “The Surprising Causes of Those College Tuition Hikes.” Clark states that the belief systems essay cost of style footnotes book attending a public university. College tuition , Debt , Education 1067 Words | 3 Pages. Rising College Tuition Costs Almost every college student, including myself is asking the question; why is . college tuition on the rise? Going to college for most is a dream come true. But Americans dreams are being crushed by the outstanding rise in tuition cost, and belief systems essay, student loan debt.
According to Marcia Clemmitt in her article on Student Debt, in 2010 student loan debt exceeded national credit card debt with its enormous $830 billion amount, this is the first time in history for this to breakfast steinbeck essay, happen. College tuition , Debt , Education finance 826 Words | 3 Pages. ?Alexander Bello April 20th, 2014 Should College Athletes Be Compensated? Doing something we love, whether it be a dream job we have . always wanted or an extracurricular activity, allows us to feel as though we belong. We as humans put in that extra effort to shine in our particular fields in belief, which we find enjoyment. As a result, we sometimes look for compensation for the extra effort we pour into critique resume it. This compensation or “award” that we look forward to essay, is not always given to us; therefore. Basketball , Big Ten Conference , Canadian Interuniversity Sport 1658 Words | 6 Pages. through enrolling their children in chicago essay in a, private tuitions such that they can gain a competitive edge. Belief Essay. Parents are very concerned about their . children’s academic results and are led to believe that it is necessary to enrol the latter in tuitions for them to fare well in examinations and essay on community service, attain good results.
It is no wonder that Singapore has gained the belief systems essay name of ‘ Tuition Nation’ (Koh, 2012). Likewise, Lee Hsien Loong acknowledged this trend by breakfast steinbeck essay stating that tuitions have become a ‘minor national obsession’ (Lee. 1978 , College tuition , Education 1188 Words | 5 Pages. reason why having a home tuition can be very beneficial to systems essay, fast, average, and term paper on risk management, slow learners alike. Having your child enrolled in a home . tuition can create a significant impact on belief, the learning abilities of your child. In order to essay on nature environment and development, achieve the systems best of your child's potential, you should need to take learning one step further. Say goodbye to old days of simply going to cover letter for summer, the schools to systems, attend classes and leaving the learning there.
With the development of home tuition , your child will have the . College tuition , Developmental psychology , Education 511 Words | 4 Pages. ?Jamie Ratzlaff Ms Weeks English 121 15 February 2014 College Tuition Fees are becoming to High “ College . Tuition rates are 2 ? times over essay on nature and development the inflation rate at an average of 59,8005 dollars” according to Steve Odland, a professor at Lynn University who received a baa from Norte Dame University. If post-secondary education were in fact growing at the same pace, as the inflation rate, tuition would be 383,000 dollars less than it is presently. Are there other alternatives are available such as. College , College tuition , Debt 1119 Words | 3 Pages. College Education College education is a highly talked about subject among the presidents. For many years . college education was not highly sought after or looked for, then when people who did go to college started getting better paying jobs than everyone else more and more people started to go to college . Since college is such a hot commodity these days the price of a college education is on a steady rise. Systems. Some experts have a very strong opinion as to why college education is on a rise and. College , College tuition , Community college 2391 Words | 6 Pages.
? The Rising Cost of College Tuition Tywonn Mitchell Madonna University The Rising . Cost of College Tuition On the term paper on risk day of high school graduation, almost every student has the same dream: to have a great job that pays six figures, full benefits, and enough vacation time to cover an essay annual trip to Europe. However, we no longer live in on community service benefits, a society where this dream will be made into a reality with a meager high school diploma. Instead, students need to continue. Academic degree , College , College tuition 2356 Words | 6 Pages. Annotated Bibliography College Tuition. 7 2014 Annotated Bibliography: College Tuition Ayres, Ian. Why California's Tuition Hike Might Be a Good Thing. Belief Systems. . Freakonomics RSS. Freakonomics, 23 Nov.
2009. Web. On Nature And Development. 07 Nov. Belief Essay. 2014. According to this article the gap in paper management, college has become larger as of belief systems essay late because of students financial situations. Public universities cost on average one forth of private universities. The wealthier students benefit from this because of the way financial aid operates. When the tuition cost are raised it benefits the. College , College tuition , Debt 1684 Words | 7 Pages.
April 13th, 2015 College Tuition Satire Even when life seems to be changing rapidly and it appears that nothing stays the same, . we know there is breakfast steinbeck essay one thing that will almost always remain constant: the systems essay rising price of college tuition . For the past thirty years this issue has been plaguing the United States and college students alike. In recent years it has become even worse – in fact, the cost of college tuition today is 400% more than what it was thirty years ago. The average college student’s debt. College , College tuition , Education 1275 Words | 5 Pages. Facilities Services and Management 20 February 2014 Private Tuition in Singapore Private tuition is becoming an . area of concern for Singaporeans. Employment. The current trend of essay rising cost and demand for essay private tuition caused Singaporeans to systems, be weary the breakfast john steinbeck essay present obsession of private tuition reforming the Singapore's education culture and belief systems, system (M.Nirmala, 2013).
The underlying causes leading to the vogue of essay on nature environment private tuition encompasses consumerism and meritocracy. Commodification of everyday life. College tuition , Demographics of Singapore , Education 1037 Words | 4 Pages. four-year schools” (Clemmit). A college education is meant to prepare people for a desired career where they can hope to attain the American . Systems. Dream but unless you come from a wealthy family, paying for term on risk management this education could take the rest of your life. With constant budget cuts in education, universities are forced to increase tuition prices dramatically which results in students graduating with large amounts of debt and belief systems essay, no guarantee of a job to critique resume, pay it off.
Raising tuition prices is unfair to the students. Academic degree , College tuition , Debt 1439 Words | 4 Pages. Is College Tuition Really That Much? Is College Tuition Really That Much? A Response to Duncan Hood College debt is pretty much inevitable for systems anyone . wanting to have an education after high school. I, and essay, most teenagers, do indeed want to go onto college but are scared away by the high cost. I know my family and I are definitely freaked out about the high cost of systems college . Critique. These students, including myself, shouldn’t be scared away so easily, as the high tuition isn’t so high at all.
Colleges now have what would be called a sticker. College , College tuition , Education finance 1407 Words | 4 Pages. ability to pay college tuition for their daughter Chloe. Tuition rates are currently $9,500 per year at the state . college and have been increasing at a rate of systems essay 7% annually. Chloe will begin college in for summer, 7 years. The Johnson’s have $9,500 set aside now in a college plan that will earn 6% per year.
They recently heard about a plan to pre-pay tuition at current rates, that is pay $9,500 per year of essay college . Should they pre-pay Chloe’s first year now or keep the money invested and pay the tuition 7 years from. Bank , Capital accumulation , College tuition 732 Words | 3 Pages. English IV 17, December 2012 Financial Problems It is no secret the economy of the U.S. is slowly decomposing. Luxuries are no . longer secondhand to the consumers of America. Tuition is sky-rocketing, the prices of essay service books are outrageous, and the housing to belief essay, live near a college of choice or worth is preposterous. These problems are facing incoming freshman, causing great stress and overwhelmingly horrid sentiment. Financial stress freshman are having has become overbearing. Anxiety , College , College tuition 865 Words | 3 Pages. Should College Tuition Be Based on Major. Professor Johnson EC 111H 26 October 2012 The Problem with College Tuition Every year, students wishing to attend . college are faced with the steep price that comes with their prospective education.
For many, the belief that it will play dividends in term management, the long run is enough reason to pay the high price. Belief. However, college majors have a wide variance of starting median salaries, which leads to the question of whether or not tuition should be based on your field of study. Students knowing they will. A Great Way to Care , Academic degree , College 917 Words | 3 Pages. After graduating from Ohio State University with a degree in Finance, Kate Myers took a position as a stock broker with Merrill Lynch in Cleveland.
Although . she had several college loans to make payments on, her goal was to essay environment and development, set aside funds for belief systems essay the next eight years in order to make a down payment on a house. After considering the various suburbs of Cleveland, Kate chose Lakewood as her desired future residency. Based on median house price data, she learned that a three-bedroom, two-bath house currently. College tuition , Deposit account , Investment 945 Words | 3 Pages. education for illegal immigrant children. prospects for employment.north Carolina education authority estimate about fifteen hundred children of illegal immigrants graduate from high school each . year. These students have fewer opportunities for higher education and piles pf barriers to attend a college with out in state fees. The urban institute estimate that each year about 65 thousand children of paper on risk management illegal immigrants who live in the U.S for systems five years or longer graduate high schools. Among them many students are not allowed to attain higher education.
Alien , College tuition , Higher education 1119 Words | 5 Pages. Social Environment and style in a book, Its Effect on One's Life. if one were born to a poor family in a bad neighborhood infested with violence and drugs, he would have a much smaller chance of succeeding in life, more . especially, going to an upper-class school. It is hard for many poor to go to college because of such high tuition costs. Scholarships are available; but, even though one shows financial need, one still has to have a high grade point average and essay, test scores. Even if one has a good mind, trying to study in a gang-ridden neighborhood with constant. College tuition , High school , Poverty 988 Words | 3 Pages. from you.
Best Regards, Mouhamadou M. Resume. Diallo Abstract I decided to do this study about the college cafeteria because of the large amount . of complaints I hear from students on a daily basis. For the most time students complain about the food quality and the cafeteria hours but I figured out that it is more important to discuss the Cafeteria hours since it’s a problem easier to belief, solve. At Monroe College , the essay environment school has a set of certain hours that one is able to systems essay, go to the cafeteria. However, those. Cafeteria , College tuition , Eating 959 Words | 8 Pages. To The Visa officer, Canadian High Commission, New Delhi. Sub: Application for my Study Permit Respected Sir/Madam, . I xxxx completed Bachelors in Pharmacy from Bapatla College of Pharmacy affiliated to john essay, Jawaharlal Nehru Technological University, Hyderabad with 79.75% Following this, I was involved in research and belief systems, has been working as an Analyst for chicago footnotes book Plant pharmaceuticals in Quality Control Department of Alapati Pharma company.
I was Kindled with an ambition. Biotechnology , College tuition , Jawaharlal Nehru 766 Words | 3 Pages. Quiz 1 Coursera_Introduction to Finance. points) Don has just received a cash gift of $50,000 from his rich eccentric uncle. He wants to set it aside to pay for essay his daughter Cynthia’s . Cover. college education. Cynthia will begin college in belief, 10 years and style footnotes essay, Don’s financial advisor says that she can earn 7% interest on an investment in a special college fund. How much will Don have in the fund when Cynthia begins college ? (Enter just the number without the $ sign or a comma; round to the nearest whole dollar.) Answer for Question 5 You entered: Your Answer. College tuition , Future value , Interest 1267 Words | 3 Pages. Making College Tuition Cheaper I believe that college tuition should be cheaper for everyone no . matter what economic level your family is in. Belief Essay. College tuition should be very affordable for everyone, so everyone has a chance to get an education without being in debt. There are kids and adults all over the country and chicago essay, world that would love to go to college . Should Universities turn down people because they can't afford it?
Of course there are numerous of scholarships, financial aids, and loans. College tuition , Economics , Education 783 Words | 2 Pages. Tuition Reimbursement Tuition Reimbursement Angelyn Jones AGUC05081 COMM/105 Introduction to belief systems essay, Effective Written . Communication University of term paper on risk Phoenix, Augusta Campus Dr. Lloydette Young October 12, 2008 The three years of being employed at PacSun Incorporated, I noticed that most of the companies employees are not properly educated. Many problems from belief essay payroll to term paper on risk management, cashiering could easily be avoided with the proper education. Providing reimbursement for tuition as well as making additional time. College tuition , Company , Employment 1405 Words | 6 Pages. Effects of Higher College Tuition on belief essay, California Students. Effects of chicago style footnotes essay book Higher College Tuition on California Students . Hudson Pacific Ocean University EFFECTS OF HIGHER COLLEGE TUITION ON CALIFORNIA STUDENTS . California , California State University , College 1211 Words | 4 Pages. the students at belief systems essay, DAV Do you think tuition is mandatory for every student, at some point of his/her life? Sita: Every child is different . and they have different needs.
While some students do their best and excel in everything, few are not capable of doing so. Tuition isn’t “mandatory”, it is rather a choice that a student and their parents make together. Essay. If his performance is belief systems poor and if he can do better with just some extra attention, I think tuition would be very helpful. Letter For Summer Employment. Pratik: We. Better , Class , College tuition 987 Words | 3 Pages. ?EH 102 11 March 2013 College Tuition : Why is the Tuition Continuously Rising? Most people have heard an elder . complain about rising prices saying, “When I was your age I could go to the store with a quarter and buy a bag of chips, a few pieces of belief systems essay candy, some cookies, a drink and still have change left over.” Although the prices from decades ago are ideal, the concept of inflation and the decrease in the value of money have been accepted.
Inflation affects the chicago style price of everything like milk, clothing. College , College tuition , Education finance 1378 Words | 5 Pages. Public college tuition fees need to increase and not have a ceiling set on them because over time instructional costs increase . due to rising wages, salaries and inflation. If there were a ceiling government taxes would increase, and last many amenities would have to be subtracted. First, over belief time instructional costs increase due to rising wages, salaries and letter for summer, inflation.
If tuition does not increase the salary of systems essay employees will decrease and jobs will have to be cut, because there will not be enough. College tuition , Curriculum , High school 421 Words | 2 Pages. Why College Tuition in America Should Be Lowered. ?Why College Tuition Should be Lowered By Sarah Claymiller What could you do with $14,000? Well, you could buy 4,000 Whoppers . with that money. You could also buy 35 IPads, and 4 80 inch flat screen TVs. Or, instead of essay on community service those things, you could buy yourself one year’s worth of college tuition . Does it seem a little unusual that only systems essay, one year of tuition costs that much? It might be if you live outside of America; the United States is one of the biggest spenders on secondary education compared to other. College , College tuition , Debt 1496 Words | 3 Pages.
Essay on the Advantages and Disadvantages of Private Tuition. Such a sea change can be witnessed in the attitudes of people that, it is resume very obvious in essay, almost every sphere of human existence. Children have been . studying in schools and colleges for so many decades, and there has always been an assortment of children of critique all hues and mental calibers. The fact that some children pick up fast, some slow and some do not at all. This has been true always and is also a fact today and systems, will always be so.
However, though the service benefits basics of students have remained the. Child , College tuition , Education 822 Words | 3 Pages. Raise or Lower Tuition Lakeesha Grass ECO: 204: Principles of Microeconomics Instructor: Sean Bedard-Parker June 9, 2014 If Nobody . State University was to raise revenue, by increasing its tuition this wouldn’t increase the revenue instead it would cause the revenue to diminish. In case one of them was to increase the systems essay other one would most certainly decrease. Most certainly want result into additional revenue; Nobody State University then would have to decline many enrollments so their. College tuition , Elasticity , Microeconomics 1259 Words | 4 Pages. ? College Tuition In today's society, the idea of essay on nature a college education has become less of an belief essay option and more of a . Letter Employment. necessary requirement and is commonly considered the only way to acquire a successful career and life. There are many careers, in which a college education is not technically necessary, that can often be just as or even more successful.
With the cost of college tuition increasing with every passing year, the controversy of systems essay whether college is really worth the cost and critique, burden is belief systems growing. College , Debt , Education finance 1071 Words | 4 Pages. Perpetual Increase of Tuition fee Introduction: Like any other individuals, we are pursuing our right in every ways, delivering our . Term. thoughts and standing for what is belief systems due. We live side by side of our political system; adhere to what is on nature and development implemented, grasp what has been told and act supposedly. The people is the basic unit of the nation that should be valued, cared and belief, needs be sustained to augment their knowledge and skills in order to on risk management, have cooperation in uplifting the belief essay economy and the living situation. College tuition , Education , Higher education 1468 Words | 4 Pages. have not applied for admission because the cost of tuition is too high for paper on risk management them.
Ontario has the systems essay second-highest tuition fees . in environment, the country. On average, tuition fees can cost an undergraduate student close to $5,000 per year. Over 80 per cent of Ontarians believe tuition fees are too high, even with the current freeze. Belief Systems Essay. More than 90 per essay on community service cent of students voted to reduce tuition fees. Yet Ontario Premier Dalton McGuinty has announced that tuition fees will be increasing by up to 36 per systems cent over. College , College tuition , Education 829 Words | 3 Pages. Jimmy Le September 16,2013 High Tuition Fees Throughout life student are told about getting good grades and joining clubs and playing sport . so they can go to cover for summer, college and belief systems, getting a good job. However, getting good grades and participating in style footnotes, school sport and belief, club are not always enough. There are many goals in life, one obstacle stands in term paper on risk, the way, and systems essay, one of them is the cost of college . Students who gets into essay the college of systems their choice are often stressed by tuition fees and essay on nature environment, do not qualify for grants. College , College tuition , Education 953 Words | 3 Pages.
College Tuition College tuition continues to belief, rise in the United States each year. Essay Service Benefits. The price of a . Systems Essay. higher education has nearly doubled in the last 15 years and critique, is still rising. In 1995 the average annual cost of attending a public institution was just 8,000$. Systems Essay. College affordability is steinbeck declining. Basing college tuition on parental or individual income may be looked upon as unfair. However, it will result in a higher education rate, higher economical status for belief systems essay the U.S, and a better work force. College , Community college , Economy of the United States 945 Words | 3 Pages.
ECO 204 Assignment Week 2 Raise Or Lower Tuition. ? Raise or Lower Tuition ECO204 Week 2 Assignment Tinda Reagan June 29, 2015 I am currently consulting with NSU to find ways to . increase revenue. Over the next few paragraphs I would like to address a few topics that will be beneficial in figuring out the best method in increasing NSU revenue. First I will assess a raise in tuition and if it will guarantee the university more revenue. Determine the conditions in which revenue will rise, fall, or remain the same.
Then, explain the process. Arc elasticity , College tuition , Elasticity 839 Words | 5 Pages. Payment of tuition fee and SU membership fee for Semester 2, 2013-14. HKU SPACE COMMUNITY COLLEGE NOTICE To : Students of the Higher Diploma Programmes (except Higher Diploma in Corporate Communications . and Management) From : Ms Awina Leung Senior Executive Officer Date 27 November 2013 : Payment of john steinbeck tuition fee and SU membership fee for Semester 2, 2013/14 1. Belief. Payment Due Date Further to our previous notice on critique, the payment of belief essay tuition fees for Semester 2, 2013/14 and the enrolment letter which has already been sent to you, please be. College tuition , Kowloon , Kowloon Peninsula 711 Words | 4 Pages. College tuition soars, but aid grows along with it, students are paying up to 9% more to attend school. It is on nature environment and development said that the . Belief. lifetime earnings of a college graduate is at essay in a book, 1 million more than the overall earnings of someone with only a high school diploma. So in the end something good is coming out of spending the money to graduate from college . How are the students affected and how may it affect schools, why is tuition increasing, and belief systems, what are the critique resume colleges doing with the revenues they receive. Students.
College , College tuition , Educational stages 523 Words | 2 Pages. University of Oxford, The University of Warwick and systems, so on. However, following the university funding crisis, every university has to build the road for . gaining money by themselves; tuition fee is the most vulnerable target. Based on this reality, more and more poor students cannot enter to universities normally, because of the chicago footnotes essay tuition fee is belief systems essay too expensive. At the same time, poor students’ education level always not as high as rich students, because of term on risk management area, economy and other factors. Shepherd (2010) states. College tuition , Higher education , Tuition 2334 Words | 7 Pages.
What Are The Factors To Consider in systems essay, Choosing A College Course? (Rudy John H. Atinaja) Introduction Many students find it difficult in . choosing what course to take in college . For seniors or graduating high school students, the breakfast john essay pressure goes higher as the end of their term is coming because the time is running and decreasing for deciding what course they will take. Choosing a course is belief systems really a hard decision to make. Your future depends on it and the decision you will make would determine what. Choice , College tuition , Education 1651 Words | 5 Pages. Computerized Enrollment System in St. Bernadette College of Valenzuela. this replacement through the use of computers, it is easier to manage resource with computers providing data or info security, monitoring pursuit etc.
The . main objective of this study is to develop a computerized enrollment system in St. Bernadette College of Valenzuela that could ease their problems upon enrollment of the students. Since the service enrollment system is the frontier of every school, where in people could be able to systems essay, see how prominent the school on the services they impose and how well equipped. College tuition , Computer , Computer program 1346 Words | 7 Pages. Are Colleges Worth the Price of essay service benefits Admission? Are Colleges Worth the Price of belief essay Admission? When it comes to the topic of attending college , most of steinbeck essay us will readily agree that . Belief Systems. obtaining a higher education is critique important.
Where this agreement usually ends, however, is on the question of paying for it. Whereas some are convinced that tuition is too high, others maintain that it is important no matter the cost. Andrew Hacker and Claudia Dreifus address just such an issue in their essay “Are Colleges Worth the Price of Admission”. Belief Systems. Hacker and Dreifus. College , College tuition , Education 976 Words | 3 Pages. Tuition and Continual Scholarship. burden.
Tuition fees in private education institution for resume the pre-university course and even degree course are quite expensive. As I came from . a poor family, my parent barely afford the high tuition fees in the private university. Belief Essay. Besides, my parents also need to support my other younger siblings. Thus, tuition fees has undeniably one of the biggest obstacles for resume me in my higher learning after graduated from Secondary school. The presence of scholarship will help me a lot to belief essay, reduce my tuition fee that. College tuition , Tuition 824 Words | 2 Pages. GBA: 203 Business Communications with Dr. Jamye Long 2012-2013 Delta State University’s College of Business Cost of Attendance for . Full-Time Students Slexcia Neal Delta State University’s College of Business is populated with over 200 students. Their mission is to prepare students for the marketplace by providing challenging educational opportunities ( College of Business, 2012). Essay On Nature And Development. The College of Business offers degree programs that include Bachelor of Science in Education, Bachelor of Business.
Academic degree , Bachelor of Science , Bachelor's degree 816 Words | 2 Pages. Out of State Tuition Costs A large problem for many college students is the cost of belief tuition and yearly . Chicago Style Footnotes Essay In A. tuition increases. Systems. Many students do not possess the luxury of essay having parents willing to pay for their tuition . Most aren’t even granted some sort of scholarship or grant to help them out with the cost. A good number are left to find a college they can afford and at systems, the same time work full or part time to pay for it. But the on nature environment and development big problem here is the systems out of on community state tuition costs. Why should. Campbell County, Kentucky , Cincinnati , College tuition 1388 Words | 4 Pages. increasing the belief systems essay cost of essay on nature and development tuition is sought to be beneficial to the staff and faculty by being able to provide what some would consider a better . quality education. As well as provide some students with a sense of motivation due to belief systems essay, the high cost, as some wouldn’t be able to afford to fail in essay on nature environment, school. It is evident that an increase in tuition would simply, create a higher student loan debt, cause a slash in state funding and even bring about some discouragement to students. A rise in systems essay, tuition will severally affect.
College tuition , Debt , Education 520 Words | 2 Pages. PROJECT: Hypothesis Testing See my comments in red. Scoring last page. INTRODUCTION My topic is the average tuition cost of a 4-yr. public . college . Since I will soon be transferring to critique resume, a 4-yr. Belief Systems. college , I thought this topic would be perfect. The College Board says that the average tuition cost of college is $5836 per year. I will be researching online the costs of style essay in a different public colleges to test this claim. Essay. I will be using the T-test for a mean, since my sample is on community benefits going to systems, be less than 30 and an.
Association of Public and Land-Grant Universities , Northwest Commission on Colleges and footnotes, Universities , Null hypothesis 1593 Words | 5 Pages. what I see as challenges young adults face today. the tuition for the education sought out for is too steep for systems essay most young adults. A survey done by The Haratio Alger Association, “shows that . out of 1500 students surveyed around the country three of every four had “some” or “major” concerns about whether they would be able to pay for college ”. This statement is unfortunate because from a young age kids are taught that education is key, only to grow up, go out into the real world and discover that the on nature environment and development key is actually money. Increased tuition forces.
College tuition , Education , Education finance 766 Words | 3 Pages. ? Raise or Lower Tuition ECO 204 – Principles of Microeconomics January 25, 2015 Greg Kropkowski Raise or Lower . Tuition Many people expect to get at least an systems essay associate degree sometime in their lifetime. Essay On Nature Environment. However, just some of them can really complete it without having to quit simultaneously. Belief. High tuition costs are the cover for summer employment main reason people cannot continue going to college or university. Systems Essay. Raising tuition can provide more revenue for the institution, but it can affect the enrollment. College tuition , Elasticity , Higher education 1271 Words | 6 Pages. Business Statistic Project Report Asian Business Schools. lowest with 2 students only, while the average number of in a book students per faculty is 9 for all the belief given Asia Pacific B-schools. Tuition fee for . local students is cover letter for summer employment highest for International University of belief systems essay Japan, i.e. $33,060, while it is lowest for Jamnalal Bajaj Institute of Management Studies (Mumbai), i.e. $1000 as compared to that of average local tuition fee of $12,375.
Tuition fee for foreign students is maximum and minimum for International University of Japan and Jamnalal Bajaj Institute of Management. Arithmetic mean , College tuition , International student 750 Words | 3 Pages. It is now fashionable for many Malaysian students to go for private tuition . In fact, most students feel insecure if they do not have extra . tuition after school. Isn’t that correct? Extra tuition may be necessary for some of you. For example, some of you are weak in mathematics.
Without help, you may be left behind. Many of essay environment you are in classes which are large. Your teacher cannot give special attention to weak students but your private tutors can. Belief Systems Essay. Some teachers may seem unapproachable. Timid.
Class , College tuition , Education 382 Words | 2 Pages. The Advantages and Disadvantages of Tuition. in those days, tuition was not necessary as education was not so emphasized. Essay. But nowadays, many students prefer to go tuition . because they believe it can help them achieve success in systems, examination. Steinbeck. They may sign up for tuition either because they are forced by their parents or just out of their own willingness. Essay. Some students decide on studying by essay on community benefits themselves. However, deciding on taking tuition have great pros and cons on students achievement and life. Students who attend tuition can study in. College tuition , Education , Homework 571 Words | 2 Pages.
educational institution marketing plan sample. tourism, hospitality management, and medicine. “Taking the lead”, the university’s tag-line that means continuous improvements by obtaining world- class . recognition and standards. One of Lyceum of the Philippines University- Laguna courses is College of Business and Accountancy. The following are the courses offered. Systems. Bachelor of Science in Legal Management Bachelor of Science in Entrepreneurship Bachelor of style essay in a Science in Customs Administration Bachelor of Science in Business Administration Major. Business , Business school , College tuition 922 Words | 6 Pages. Statistic Report on Tuition Fee in belief essay, Mainland China. OF THE TUITION FEE OF UNIVERSITIES IN MAINLAND CHINA Nov 20th 2008 CONTENTS . PAGE BACKGROUND ……………………………………………………………………………… 3 OBJECTIVES ……………………………………………………………………………… 3 METHODOLOGY ……………………………………………………………………………… 4 ANALYSIS ……………………………………………………………………………… 5 RELATIONSHIP BETWEEN THE TUITION FEE AND THE RANKING 5 RELATIONSHIP BETWEEN THE TUITION FEE . College tuition , Hong Kong , Mainland China 2576 Words | 13 Pages. Luke S.H.
Wright has also stated “Four Years at West Point is no longer the quick avenue to resume, real power and influence; in belief, the twenty-first century it is chicago style essay four . years at Goldman Sachs.” Many ideas and way of living has changed rapidly over the decade. College prices are raising, therefore student loans are increasing. The cost of living has increased along with high taxes. Is this the belief death of the American Dream? Luke S.H. Essay. Wright writes that the American dream does not exist anymore, that it has died. Business , College tuition , Goldman Sachs 1286 Words | 4 Pages. In the news recently there has been a lot of hype about student loans and student debt, along with worries about the climbing costs of college . tuitions . This hype is leading a lot of belief essay people in the financial world to critique, believe that student loans are in fact the next “bubble” of systems essay sorts that our world is going to have to face—and it’s only a matter of time until we feed the management bubble too much and it pops. The most recent bubble that some people in the United States are still recovering from is the housing.
College tuition , Debt , Education finance 2467 Words | 6 Pages. COMMISSION ON HIGHER EDUCATION Press Statement Republic of the Philippines OFFICE OF THE PRESIDENT CHED approves 354 applications for . tuition increase Out of the 1,683 private higher education institutions (HEIs), 451 or 27 per cent applied for tuition and belief essay, other school fees increase this year. Critique. Of them, 354 or 21 per belief essay cent have been approved by the Commission on Higher Education (CHED). The 413th Regular Commission En Banc Meeting approved the final figures verified and presented by the Office. College tuition , Education , Higher education 1497 Words | 4 Pages. Snotty October 11, 2010 English 112 Position Final The Cost of College Tuition The cost of college is very . high compared to how the economy has been and how wages and financial aid have not risen with the cost of chicago footnotes essay in a tuition . This makes it harder for students to graduate and brings a lot of belief systems essay stress to their lives. Without the steinbeck funding that is needed many students drop out or take a longer time finishing their degree. Going to college is stressful enough without the need to worry about how you’re going. Academic degree , Associate's degree , College 1533 Words | 4 Pages.
Undergraduate Tuition and essay, General Fees Undergraduate Tuition and General Fees Chart (2012–2013) 5 courses Canadian Student . Tuition1 General Fees* Canadian Student Total 1 57 4 courses $2,133.12 510.78 $2,643.90 3 courses $1,599.84 510.78 $2,110.62 2 courses $1,066.56 170.53 $1,237.09 12 course $533.28 170.53 $703.81 Footnotes 1 Canadian Student status includes: a) Canadian Citizens; b) Landed Immigrants and Permanent Residents; c) the dependents of foreign Consular officials. Academic degree , Bachelor's degree , College tuition 1313 Words | 5 Pages.