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Team 12's Comparative Analysis on US and UK for BP's oil spill crisis.
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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