...Boone Pickens pushed Gulf to consider a sale after much speculation had arisen in wake of the news of a buyout. After organizing a group of investors to buy over 10% of Gulf at market prices ranging in the high 30s to low 40s, Pickens then made a public offer to buy a large portion of Gulf shares. Although Mesa (Pickens’ company) offered 65$ per share, a price well above the market price, Gulf was aware that Mesa did not have the assets to acquire a majority of Gulf. This is important because Boone Pickens was notorious for buying other companies’ stocks and pushing their shares to inflate while then dumping them as “royalty stock” which in the long term hurt the companies. Instead of being partially acquired by an investor that had no intention of developing the company, James Murdy, an executive at Gulf, pushed to look for a white knight to merge with. In hopes of doing this, Murdy reincorporated in Delaware which required a majority vote to make decisions and then changed the minimum offer to 21.3% shares, an amount too large for Mesa to buy. Gulf opened itself up to other bids and started to liquidate so that others could buy into Mesa. There are numerous reasons why Gulf management was acting in favor of their stockholders/stakeholders. Pickens was known for acquiring parts of companies, allowing their stock to valuate, selling stock and allowing them to devaluate leaving everyone else out to dry. Pickens tried to cover his intentions by publicly announcing plans to change...
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...John Quincy Adams once said, “If your actions inspire others to dream more, learn more, do more, and become more, you are a leader.” At the Gulf Strike Team, the Chief should be in a departmental position that nurtures professional development and growth for their subordinates and themselves. As an E-7, the United States Coast Guard is paying their members more money to be able to lead, guide, and train upcoming coastguardsmen. Chiefs have earned the right to be able to lead from the front. The Chief should be able to take charge and lead his own crew because the Coast Guard’s senior leadership has trust and faith for them to do so, they can impact the crew more effectively, and risk of losing the Chief at the unit or to the service as a whole....
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...GULF STATES METALS, INC. CASE STUDY 1)Gulf States Metal, Inc. Company is engaging in Nickel refining and also produces copper, cobalt, and ammonia sulfate. Its parent comp any is International Metals Inc. GSM created before 10 years by IMI and GSM has been in operation now for 8 years. IMI expected GSM to lose money the first 2 years operation after that it was expected to be highly profitable. In fact GSM has not shown a profit, losing $1million last year. This loses because of variety of factors and demand decrease for Nickel and Copper, the condition of equipment and labor problems. Another problem is price of substitute product is less. As they have done 20 years contract so as per terms current price for Nickel and Copper the cost of raw material makes it very difficult to show a profit. The plant is operated twenty-four hours a day, seven days a week. Process is monitored through the reading Gauges & the analysis of samples testing. Process control department is responsible for making adjustment in the process ensure quality and flow. Building & equipment are old and corroded. Atmosphere is not proper. Employees are not use safety equipment. Operator’s behaviors are not proper. Plant manager promoted to GM. IMI suggested for OD project at GSM. There is a poor management of former GM. Future of the plant depend upon new GM. IMI expect immediate Results. GM met some consultants for OD Project. Also no one has had any training in management. Top plant managers...
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...Realism and the Persian Gulf War of 1990-1991 In the Persian Gulf War of 1991, Saddam Hussein’s quest for regional hegemony pitted his country against the forces of international law. A prime example of where realist theory falls short, Hussein’s forces were trumped by a multilateral coalition of international peacekeeping institutions in one of history’s most lopsided wars. Hussein sought power, and was willing to sacrifice his country’s foreign relations, as well as the health of his own people, to obtain it. In Gulf War I, Saddam Hussein’s Iraq was quickly dismantled in a conflict instigated by its own realist intentions. The theory of realism is based on the three factors of statism, survival, and self-help of the sovereign state. The survival of the state as a whole, rather than its citizens themselves, is the main focus of realism. The realist state is expected to enhance its national power by any means necessary; “A POLICY MAKER’S PRIMARY RESPONSIBILITY IS TO CREATE, MAINTAIN, AND INCREASE NATIONAL POWER – THE MEANS AVAILABLE TO A STATE TO SECURE ITS NATIONAL INTERESTS – AT ALL COSTS” (Lamy 71). Oftentimes, this comes at the expense of surrounding states. A realist state is concerned with its own security first and foremost; “THE FIRST MOVE…FOR THE REALSIST IS TO ORGANIZE OWER DOMESTICALLY. ONLY AFTER POWER HAS BEEN ORGANIZED CAN COMMUNITY BEGIN” (Lamy 72). However, once domestic security has been established, the realist state will look to pursue its self-interest...
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...Crisis Management Final Paper Known as the “Mediterranean of the Americas,” the Gulf of Mexico is the ninth largest body of water in the world. It extends roughly 995 miles from east to west and 560 miles from north to south. The Gulf is bordered by The United States to the North, Mexico to the west and south, and Cuba to the southeast (The Environmental Protection Agency, 2012). The Gulf connects to the Atlantic Ocean through a current from the Yucatan Straight, circulating around the Gulf and exiting through the Florida Straight, forming the Gulf Stream (The Environmental Protection Agency, 2012). With over 600,000 square miles of area and 16,000 miles of shoreline, the Gulf of Mexico supports a host of economic activities. Tourism, shipping, agriculture, fishing, fisheries, oyster production, shrimp production, oil and gas production, and more from the Gulf produce annual economic activities in excess of $234 billion (Hargreaves, 2010). Oil and gas industry creates $124 billion annually, the largest chunk of Gulf economic activities (Hargreaves, 2010). This industry, while creating the largest economic impact in the area, is also responsible for creating its largest ecological disaster. On April 20, 2010, The BP and Transocean operated oilrig Deepwater Horizon had recently suspended drilling operations more that 50 miles southeast of Venice, Louisiana’s coast (Rigzone). BP had filed a permit to temporarily abandon the well and move the rig to a new...
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...The BP oil spill and its impact will be felt in the Gulf of Mexico region for years, if not decades. In the months after the Deepwater Horizon drilling rig exploded off the coast of Louisiana in April 2010, it's estimated that almost five million barrels of oil gushed from the seabed and into the Gulf, making it the worst oil spill in history. Now that the flow of oil has stopped, the scope of the catastrophe is coming into focus, and attention is turning to how things will play out in the court system. This article looks at some of the legal issues raised by the BP oil spill, including legal options for businesses and individuals looking to get back on their financial feet after the oil spill. (For in-depth information on filing a claim with BP's $20 billion compensation fund, see Nolo's article BP Oil Spill: Filing a Claim With BP's Compensation Fund.) The BP Oil Spill: Types of Lawsuits The BP oil spill has already prompted the filing of thousands of lawsuits. Businesses and workers have seen their livelihoods suffer or even disappear in Louisiana, Mississippi, Alabama, Florida, and Texas. Families and individuals in the Gulf region worry about the health hazards posed by the chemicals used to disperse and clean up the oil. And, with its dubious distinction as the largest environmental disaster in U.S. history, the BP oil spill has inflicted immeasurable devastation on the Gulf's coastline, wetlands, wildlife, and ecosystems. Here's a look at the different kinds of lawsuits...
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...(Reuters) - With the failure this weekend of BP's "top kill" attempt to plug its leaking Gulf of Mexico oil well, fears are growing that the economic and environmental impact of the nearly six-week-old spill can only spread. Here are some facts about effects of the worst ever U.S. oil spill, triggered by the April 20 explosion of the Deepwater Horizon rig: THE SCALE OF THE CATASTROPHE "This is probably the biggest environmental disaster we have ever faced in this country," top White House energy adviser Carol Browner said on Sunday. "There could be oil coming up 'til August." Browner told CBS's "Face The Nation," "We are prepared for the worst." Louisiana, the nearest state to BP's gushing undersea well that is 42 miles out in the Gulf of Mexico, has been the most impacted by the spill so far. Louisiana Governor Bobby Jindal said this week that more than 100 miles of Louisiana's 400-mile coast had so far been impacted by the spilled oil. State officials have reported sheets of oil soiling wetlands and seeping into marine and bird nurseries, leaving a stain of sticky crude on cane that binds the marshes together. Billy Nungesser, president of Plaquemines Parish, saw dying cane and "no life" in parts of Pass-a-Loutre wildlife refuge. "Oil debris", in the form of tar balls and surface "sheen", has also been reported coming ashore since the April 20 accident in outlying parts of coastal Mississippi and Alabama. In the week of May 17, Coast Guard officials found tar balls...
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...Horizon oil spill or the BP oil spill was a disaster in the Gulf of Mexico that took place in the Macondo Prospect. Macondo Prospect was a BP operated project, and one of the oil spill disasters that has been considered to be one of the most destructive accidents on marine environment. In fact, it has been considered the most expensive and life threatening accident in the petroleum industry. The disaster was an explosion in a deep-sea oil drilling facility owned by BP Company, in which the resultant explosion caused the sinking of the Deepwater Horizon oilrig, killing 11 people in the incident. The disaster let free a gush of oil from under the seabed, flowing for an estimated three months. The result of the BP oil disaster was indeed catastrophic not just too marine life, but also to all other sectors of the economy that depended either directly or indirectly on marine environment (Alexander, 2010). In what remained to be a disaster, the wellhead had continued to gush oil for up to 87 days before a team finally succeeded in July 2010. By this time, it was estimated that the oil spill had discharged approximately 4.9 million barrels, a quantity estimated to be 780,000 cubic meters. By this time, marine life had been put in jeopardy while a lot others had died, or been seriously affected. Apart from marine and wildlife habitats, the oil spill had caused significant damages to the fishing and tourism industry of Gulf States. There were also instances of human health problems...
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...Oil Spill The disaster that occurred in the Gulf of Mexico on April 20, 2010 was a huge deal to our nation. I'm sure that everyone old enough to understand heard about the oil spill. The spill was very bad, but I believe we got lucky because it could have been even worse than it ended up to be. The oil flowed into the open ocean for over three months, but it was originally thought that it was going to take even longer to stop. A oil spill of that magnitude could severely damage any environment that it was spilt into. The corporation BP took much heat from the government, along with everyone around the country for causing the leak, and not fixing it quick enough. The fact is, once the leak started as it did, it was a very hard problem for them to stop. My paper will cover three elements of this horrible disaster: First, the ecological impact on life in the gulf after the spill, Second, the current economic life of the local communities, and lastly, what is being done to mitigate future consequences. First, obviously the oil spill in the Gulf of Mexico left an ecological impact on life in the gulf, and surrounding areas. On July 15, the leak was stopped by capping the gushing wellhead, after it had released about 4.9 million barrels,^ or 205.8 million gallons of crude oil. That is a whole lot of oil being released, so the impact that it had on the environment was a big one. Actually, it was the largest accidental marine oil spill in history. Obviously the marine...
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...By: Miralem Smajic October 2, 2011 Political Science 3000 Professor: David G. Houghton In the milestone event of hurricane Katrina’s devastating destruction in 2005, the recovery process has had major impacts on the people in the Gulf of Mexico. Throughout the incident of Katrina, many organizations have helped contribute and donate their effort for the people of Louisiana and other states that have been affected by Katrina. Although years have passed since Katrina occurred, Red Cross for instance has raised the most for the beneficiary victims of Katrina. Donations throughout the United States such as: Red Cross, The Salvation Army, Joan B. Kroc, The American Cancer Society, and many other contributors raised funds for the victims of Katrina. The contributors statistics show that “The Red Cross moved up two spots to No. 2, rising nearly $3-billion,” Chronicle of Philanthropy. 20.2 (Nov. 1, 2007) while “The Salvation Army fell to No. 3, raising $1.6-billion” Chronicle of Philanthropy. 20.2 (Nov. 1, 2007) in the effort to provide outstanding amount of contribute to the people of Katrina’s destruction. Many who have lost their businesses and other data in the computing related plans by which the “Information Technology (IT) Disaster Recovery plan (DRP) to help protect their business data so as to ensure their survival,” (Academy of Strategic Management Journal. 10.2 (July 2011): p127) provides people who own businesses a safer straightforward plan to protect their...
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...On August 2, 1990, the Iraqi army guided by Saddam Hussein invaded Kuwait, on of the richest oil countries. This was the first major international crisis after the Cold War (“The Persian Gulf War”, 2012). After a long process of diplomatic talk and sanctions, the President of the United States, George Hebert Walker Bush, along with the support of the U.S Congress and the United Nations, decided to declare war on Iraq. During his declaration of war speech, Bush expressed that It was a forceful choice, as there was no other way left but to drive Saddam Hussein out of Kuwait with force (pitythefool, 2008). As a result, the coalition led by the U.S won the war in a short time period. However, were the overall effects of the 1991 Persian Gulf War positive or negative for the United States? Political Perspective The 1991 Persian Gulf War had several positive impacts for the U.S from a political perspective. The first Persian Gulf War was not only limited to Iraq and Kuwait. It was also an issue of high political importance for the United States. One of the reasons why the region was so important to the U.S is because the U.S depended on Kuwait for the access of cheap oil. By trying to conquer Kuwai, Saddam Hussain was a direct threat to the economic ties between the U.S and Kuwait. Furthermore, the U.S was afraid that Saddam’s territorial expansion would not stop with Kuwait but would continue into Saudi Arabia (Kimmel, 1998), which is also rich in oil reserves. Thus entering...
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...The Carter Doctrine and the Effects in Afghanistan POL 300 July 28, 2013 Professor Koltochnik Adreion Rice Assignment 2 As recorded, The Carter Doctrine was a policy proclaimed by the president of the United States Jimmy Carter in his State of the Union address on January 23, 1980, which stated that United States would use military force if necessary to defend its national interest in the Persian Gulf region. The doctrine was a response to the 1979 invasion of Afghanistan by Soviet Union, and was intended to deter the Soviet Union-the Cold war adversary of the United States-from seeking hegemony in the Gulf. After stating that Soviet troops in Afghanistan posed “a grave threat to the free movement of middle east oil,” Carter proclaimed: The region which is now threatened by Soviet troops in Afghanistan is of great strategic importance: It contains more than two-thirds of the world's exportable oil. The Soviet effort to dominate Afghanistan has brought Soviet military forces to within 300 miles of the Indian Ocean and close to the Straits of Hormuz, a waterway through which most of the world's oil must flow. The Soviet Union is now attempting to consolidate a strategic position, therefore, that poses a grave threat to the free movement of Middle East oil. When Carter assumed office in 1977, he was a tabula rasa, the perfect American innocent in a world set in its ways. Predictions of how he would behave were few, and those that were attempted were based on Carter’s...
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...The transition from British to American hegemony in the Persian Gulf The Persian Gulf is a region of many conflicting interest. The name itself already offers a good example of this, since it is the center of a politicized debate between those preferring Persian Gulf and those preferring Arabian Gulf. Although this debate will not be further explored in this paper – it was decided to use the term “Persian Gulf” as it is most commonly used – this paper will delve deeper into the transition from British to American hegemony in the Persian Gulf and review how various aspects of this are described and interpreted in the literature. This paper will deal with this transition between the years of 1945, the end of the Second World War, and 1971, the year that the British completed their military withdrawal from the Persian Gulf. Even though the Americans were interested in the area before the WWII, the year 1945 was chosen as a starting point because the war had severely altered the power equilibrium between the great powers the United States of America and Britain were considered as at that time. During the Cold War, which started in 1946 the importance of the region was on the rise, both because of the oil and because of the containment policy against the Russians. The relevance of the region was on the rise for America in particular because the power of Britain was waning in the post-war era. Britain, faced with economic hardship, imperial fatigue, and events of humiliation such...
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...Payday in Persian Gulf “Our objectives are clear. Saddam Hussein's forces will leave Kuwait. The legitimate government of Kuwait will be restored to its rightful place and Kuwait once again will be free. Iraq will eventually comply with all relevant United Nations resolutions...” George H. W. Bush In order to analyze the Gulf Crisis between Iraq and Kuwait, the factors must first understand which contributed to the conflict. In 1980, Iraq carried out a major air and land attack on Iran. For eight years, the Iran-Iraq War grew more intense, until the U.S. “accidentally” downed an Iranian plane, killing 290 passengers. Some major factors with many others conduce to this war in time: territorial dispute, religious disputes between Islamic moderates and fundamentalists, and more importantly, a personality conflict between Saddam Hussein, Iraq’s president, and Ayatollah Khomein, the leader of Iran. During this war, the U.S. began to provide protection to Kuwaiti tankers, and hence, resulted in military conflicts with Iranian speedboats. Indirectly, the U.S. supported Iraq’s actions in this war. While the U.S. was busy protecting Kuwait, Kuwait supported Iraq financially by giving it more than $10 billion. At the close of the Iran-Iraq War in 1990, Iraq was eager to pay its international debt. But, how? Iraq’s chief export was petroleum. According to Iraq, Kuwait was providing a surplus of oil in the international community by exceeding it assigned OPEC quota. Furthermore...
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...to preserve its dominion over others. Critics believe this was the case in the First and Second Gulf Wars. However, most Americans support a strong military with a more altruistic motive than status or power over others. They fully support America’s response to events such as the Haitian earthquake and the Indonesian tsunami. Americans view their military power as an important aspect of society to insure safety, world stability, fairness in the global market, and the advancement of humanitarian activities. Critics of America believe that American leaders are obsessed with strengthening their military in order to strengthen their own power. They feel that America wishes to use its military might to coerce other nations to follow American edicts. They attempt to support their contentions, regarding America’s thirst for military dominance over others, by asserting that America enters into wars, such as the First Gulf War in 1990-1991, in order to dominate other countries. In the case of the First Gulf War, America’s critics state that America sought to preserve Kuwait’s oil fields for American consumption. It is a likely assumption that Kuwait’s overall friendly relations with America, including trade relations, helped their military relationship. However, the assumption that this factor was the primary motivation for war is far too simplistic. A more thorough analysis of America’s motivation for the First Gulf War reveals that America has never...
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