Any engineering ethical issue happend in the LAST TWO MONTHS Essay

Any engineering ethical issue happend in the LAST TWO MONTHS - Essay Example At a distance of about 1500 miles towards the west of Cape Town in South Africa, oil spill occurred in the south Atlantic that put millions of Northern Rockhopper penguins’ life in danger (â€Å"Fragile Earth† 1). In the present time, the most rare and endangered Penguin specie is the Rockhopper Penguin. The very specie ha been affected the most by this incident. It is quite likely that this incident becomes sufficient to make this specie completely extinct. Tons of diesel fuel and crude oil have soaked their furs and blocked their nostrils. A lot of penguins have died since the spill occurred. This is the most severe oil spill that has occurred in 2011 and is a potential issue of engineering ethics. The oil discharging company remained highly unethical in its practice. In this course, we have been taught that engineers should discharge the waste in ways that are environment friendly. The oil spill in the south Atlantic was totally unfriendly towards the environment. Wo rks Cited: â€Å"Fragile Earth: Oil Spill, March 16 2011, Threatens world's most endangered species of Penguin.† 2011. Web. 3 May. 2011. . Harris, Charles E., Davis, Michael, Pritchard, Michael S., and Rabins, Michael J. â€Å"Engineering Ethics: What? Why? How? And When.† Journal of Engineering Education. (1996): 93-96. Web. 3 May. 2011.

Shipping markets Essay Example | Topics and Well Written Essays - 1750 words

Shipping markets - Essay Example pparently, data indicates growing trade, which is indicative of increasing demand for all types of products in markets other than their places of production. Using regression analysis, I obtained the following output. From the results, time is a significant predictor of seaborne trade across the globe (ÃŽ ² = 152.75, p Crude oil is one of the major energy resources and a key raw material in numerous industrial sectors. In view of this, forces of demand have a great impact on the crude oil industry (Abouarghoub, Mariscal and Howells, 2012). Demand and supply of crude oil have in the past been characterized by low price elasticity which has impacted global price fluctuations. According to Alizadeh and Nomikos (2006), such fluctuations occur because the oil market is highly unpredictable and the fact that changes in demand and supply are not easily predictable despite such changes having a huge economic impact. The oil tanker shipping market has a perfect competitive structure characterized by a huge number of producers who compete to satisfy the huge global demand for internationally produced commodities (Fox, 1992). In such a case, neither the suppliers nor the buyers have the ability to set the prices, since prices of crude oil are determined at the world market. The economic implication of global oil market pricing patterns is that cost as a market determiner plays a major role in the establishment of sale prices (Austria, 2003; Sato, 2002).