ISIS and the Oil Industry The oil industry became a key source of revenue for ISIS following the 2003 onset of the Iraqi insurgency. In 2007‚ AQI was making roughly 100-200 million dollars per year from oil smuggling‚ with much of the smuggled product stolen from the Bayji refinery. In 2008‚ AQI made 50-100 thousand dollars or 18.25-36.5 million per annum through its Bayji rackets. AQI operatives were also known to drill holes in oil pipelines‚ syphon the oil into trucks‚ and sell it to various
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ON DEMAND‚ SUPPLY & ELASTICITY OF CRUDE OIL SUBMITTED BY Group -5 Karan Chopra (2012137) Manik Grover (2012155) Manish (2012156) Nancy Pande (2012178) Nayan Sharma (2012182) Nitya Agarwal (2012188) Introduction Crude oil is a naturally occurring substance (i.e.‚ “Fossil Fuel”‚ formed from organic remains over a period of millions of years) found in certain rock formations in the earth. It is a dark‚ sticky liquid which‚ scientifically speaking‚ is classified as a hydrocarbon. Crude oil is highly
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is meant by ’cross-price elasticity of demand’? It is a measure of the responsiveness of demand for a good to a change in the price of another good. This good can either be a substitute good or complementary good. (ii) Comment on the cross-price elasticity of demand between platinum and gold. When the price of platinum rises demand for gold rises. Because gold can be a substitute for platinum people will want to buy gold more when the price of platinum increases. (b) With reference
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Essential oils have numerous health benefits and they are used for many purposes. These oils are beneficial for your overall health and well being as well as for household purposes. Bone Repair – To aid in faster bone recovery due to injury‚ apply cypress‚ fir and helichrysum essential oils. Improved Digestion – To support proper digestion and treat leaky gut‚ take peppermint‚ fennel and ginger essential oils. Anxiety Relief – Diffuse lavender essential oil all over your room or around your house
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a day of oil are being pumped from our own roots. It’s being sent all around the world to supply the oil needs of the people. Many people around the United States and even us North Dakotans have no clue the vastness of oil drilling in our state and to know what’s going on in your state is good knowledge to have. A few times a year I travel to the western side of the state to the town of Williston where my grandparents live and everywhere you look there are oil drills‚ oil workers‚ and oil related
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FUEL OIL BURNERS By Mark Butterfield March 09 INTRODUCTION The history of burners dates back to the early shipping days‚ when fuel oil first started replacing coal as the ships’ primary fuel source. Since then‚ burner designs and construction have come a long way‚ but the principles behind their operation has remained the same. All makes and types of burners have two things in common They need to atomise the fuel They need to mix the fuel with the air needed for combustion
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TITLE : CHINA IMPORTS SLUMP‚ RAISING DEMAND CONCERNS INTRODUCTION Supply and Demand is perhaps one of the most fundamental concepts of economics. It is the backbone of a market economy. A market is defined as a group of consumers (demand) and producers (supply) of a particular product. Competitive markets are markets with many consumers and producers‚ so that each has very small influence on the price of that product. Supply and demand act as an economic model to show how consumers and producers
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to the public‚ computer chips have to be increased. This happens because they are complements that if prices rise‚ the computer chip would automatically affect the price of the computer. Assuming that the company enter the number of computers (Qo) at a price (Po)‚ and the equilibrium price at Eo. In this condition‚ when the prices of chip prices fell‚ cateris paribus‚ computer production costs will go down. This causes the supply curve shifts to the right‚ from S1 to S2.Then the surplus will appear
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Preparation of Synthetic Banana oil Summary: Banana Oil is a major flavoring in many different mixtures from candles to different types of food. The major organic chemical that is banana oil is ester‚ which is what gives it its strong odor. In this scenario‚ the banana oil supply is running low for Cavendish Distilling Company. So they want to formulate a synthetic version of banana oil to replenish their supply. Problem: Will the synthetic version of banana oil‚ is similar in taste and chemicals
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20% of your final EBE module mark. 1. Use the AS/AD framework to show the separate effects on GDP‚ inflation and public sector borrowing on any single national economy of: a. a cut in the rate of corporation (profits) tax b. an increase in the rate of VAT (sales tax) c. a slowdown in the GDP growth of world trade. Make sure that you include clear and appropriate diagrams for this question 2. Choose an economy. Analyse the main effects of a large cut in its government
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