Oil SpillTeam 12

HoiKei ChanJudy ChenDarice MeiVeronica Pascariello Joyce Qin

AgendaPoliticalEconomicalSocialTechnologicalCulturalIndustry Threats Industry OpportunitiesSources

PoliticalUS

• Federal Republic o Based on 1787 Constitution

• Head of State: President Barack Obama, 2009

• Bicameral: Senate and House of Representatives

• Oil Regulationo EPA, Occupation and Safety

Administration to inspect o US Dept of Transportation; Office

of Pipeline Safety • Oil Waste Regulation

o The Solid Waste Disposal Acto Clean Water Act and Safe

Drinking Water Act

UK• Parliamentary Monarchy

o Based on Statute and common law

• Head of State: Queen Elizabeth II, 1952

• Bicameral: House of Commons and House of Lords

• Oil Regulationso Control of Major Accident

Hazards Containment Policy o Control of Pollution (Oil Storage)

• Oil Waste Regulation o Environmental Agency for

England and Wales

EconomicUS

• Unemployment rate: 6.6%

• GDP per capita:51,749

• Labor force:158.7 mil

• 1st largest in importer, 2nd exporter in the world in goods and services

• 1st in oil imports, 3rd in oil production

• Net imports for about 40% of the petroleumo Over 50% crude oil and petroleum

products imports came from the Western Hemisphere

o US dependence on imported oil has declined since 2005

UK• Unemployment rate:7.2%

• GDP per capita:39,093

• Labor force:32.4 mil

• 5th largest in importer, 10th exporter in the world

• 10th in total imports of petroleum into US, 19th in oil production

• The largest producer of oil and the 2nd largest producer of natural gas in the EUo Crude oil exports to US 89k

barrel/dayo A significant oil importer, receiving

more than 1 million bbl/d in 2011

SocialUS

• Population: 317,615,000 (March 1, 2014)

• Nationality: American

• Household Income: $53,046

• Total Population Gender Ratio: 0.97 male(s)/ female

• Median Age: 37.2 years

• Life Expectancy: 78.62 years

• Unemployment Rate ages 15-24: 17.3%

UK

• Population: 63,896,071 (December 31, 2012)

• Nationality: British

• Household Income: $52,749 USD*

• Total Population Gender Ratio: 0.99 male(s)/ female

• Median Age: 40.3 years

• Life Expectancy: 80.29 years

• Unemployment Rate ages 15-24: 21%

*£31,477 (ons.gov.uk)

TechnologicalUK

● Pangbourne Tech Centre● Headquarters for BP Fuels

and Lubricants Technology.● Conversion Tech Centre

● Researches and develops thermocatalytic technologies to create transparent fuels and products.

US

● Biofuels Global Tech Centre ○ More than 120 scientists and

technologists are generating advancements in biofuels production.

● Upstream Tech Centre

○ Majority of upstream research and development, from deepwater facilities to unconventional gas technology.

Cultural

US• Power Distance: 40

Should be treated equally

• Individualism: 91

• Look after themselves and family members

• Masculinity: 62

• Masculine: driven by competition, wealth, success

• Uncertainty Avoidance: 46

• Willing to try something new and accept new ideas

• Long-term Orientation: 29

• Short-term: focus on tradition and want quick resultsLanguage: English

UK Power Distance: 35

Should be treated equally Individualism: 89

• Look after themselves and family members

Masculinity: 66

• Masculine: driven by competition, wealth, success

Uncertainty Avoidance: 35 Willing to try something new and

accept new ideas Long-term Orientation: 25

• Short-term: focus on tradition and want quick resultsLanguage: English

Cultural

• Other competitors, such as Canada and other Western Hemisphere.

• Competing alternative fuel sources that convert into electricity, such as renewable hydropower plants, solar powered panels, and wind powered turbines.

• Production of UK’s oil declined.

• As old plants have been shut down and ageing-related problems affect plant availability

● Changes in Tax Regulation

● Environmental laws and regulations

● Clean Water Act: “ unlawful to discharge any pollutant from a point source into navigable waters, unless a permit was obtained”

Industry Threats

• Increasing demand for natural gas and oil products

• Investment in complementary energy sources and technologies, such as research in biofuels

• Taking advantage of emerging markets and growing economies

• Hydraulic fracturing (Fracking) of “shale gas, tight gas, shale oil, coal seam gas.”

Industry Opportunities

Polititcal: United kingdom: Political structure. (2008). (). New York: The Economist Intelligence Unit. Retrieved from http://search.proquest.com/docview/366267904?accountid=8500

Political: United states of america: Political structure. (2005). (). New York: The Economist Intelligence Unit. Retrieved from http://search.proquest.com/docview/336751913?accountid=8500

www.epa.gov/lawsregs/enforcement/index.htmlunemployment rate in US: http://data.bls.gov/timeseries/LNS14000000unemployment rate in Uk: http://www.ons.gov.uk/ons/taxonomy/index.html?nscl=Labour+MarketGDP: http://data.worldbank.org/indicator/NY.GDP.PCAP.CDLabor force: http://data.worldbank.org/indicator/SL.TLF.TOTL.INhttp://www.eia.gov/energy_in_brief/article/foreign_oil_dependence.cfmhttp://www.eia.gov/countries/cab.cfm?fips=ukPopulation/Household Income in US: http://quickfacts.census.gov/qfd/states/00000.htmlPopulation/Household Income in UK:

http://www.ons.gov.uk/ons/taxonomy/search/index.html?nscl=Household+Income+and+Expenditure&nscl-orig=Household+Income+and+Expenditure&content-type=Dataset&content-type=Reference+table&sortDirection=DESCENDING&sortBy=pubdate

Sources

Total Population Gender Ratio: https://www.cia.gov/library/publications/the-world-factbook/fields/2018.htmlMedian Age/Life Expectancy/Unemplyment Rate in US (people and society):

https://www.cia.gov/library/publications/the-world-factbook/geos/us.htmlMedian Age/Life Expectancy/Unemplyment Rate in UK (people and society):

https://www.cia.gov/library/publications/the-world-factbook/geos/uk.htmlHofstede Centre (Chart:US and UK):http://geert-hofstede.com/united-states.html

Long-term orientation(US and UK):http://www.clearlycultural.com/geert-hofstede-cultural-dimensions/long-term-orientation/

United States Environmental Protection Agency: http://www2.epa.gov/laws-regulations/summary-clean-water-act

Oil Spill Response Requirements: http://www.bp.com/en/global/corporate/sustainability/safety/preventing-and-responding-to-accidents-and-oil-spills/oil-spill-preparedness-and-response.html

Tech Centre in US and UK: http://www.bp.com/en/global/corporate/about-bp/bp-and-technology/our-approach/our-locations.html

Sources