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Essay / Research Paper Abstract
This 5 page paper answers 4 questions set by the student concerning the way in which oil production takes place within the US. The first question discusses the way in which production process for Marathon oil may be accelerated. The second question looks at the direct relationship that exists between the prices of crude oil and the price of gasoline at the pumps. The third question considers the way in which an oil company may try to keep prices at the pump the same and retain profits if the price of crude oil increases. The last section considers the impact of a potential long-term and on deep-sea oil drilling, and looks at the way in which US oil companies may be to remain competitive if this occurs. The bibliography cites 3 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEmarathon.rtf
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Unformatted sample text from the term paper:
identify ways in which process time may be accelerated by considering areas within the process where there are delays. The first consideration may be from the Louisiana Offshore Oil Port
(LOOP), while this is operated here enters the processing system through a 48 inch pipe, which carries the oil to the processing plants. Unloading the oil can take up to
two days, this itself creates a potential delay. Therefore, one potential source of reducing the time may be to increase the speed of this process, the 48 inch pipe is
a constraint, therefore increase capacity may be achieved by building another pipeline, and research into the way that the oil may be moved more quickly with the pump from the
ships into the system. A major delay the always on land also the speed at which the oil with through the pipeline system. For example, it takes four days for
oil that is offloaded at LOOP to reach Louisiana, and it still has not reached a refinery. The will moves through the pipeline at an average speed of 4 mph,
this indicates that there is a potential for some consideration here. Speeding up the rate at which will moves through the pipeline would reduce the delays in the process, possibly
by a considerable level (Marathon, 2010). Tools such as pumps within the pipeline, as well as consideration of the way that will make the move with pressure could be considered,
however there will also be costs with all of these considerations and the current constraints of the infrastructure will need to be considered.
Another potential approach speed up the processing time may be situations of type of input which is utilized, it is noted that light crude oil requires less processing than
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