An oil company must decide whether or not to drill an oil well in a particular area that they already own. The decision maker (DM) believes that the area could be dry ‚ reasonably good or a bonanza. See data in the table which shows the gross revenues for the oil well that is found. Decision Dry (D) Reasonably Bonanza(B) good(G) Drill $0 $85 $200 m Abandon $0 $0 $0 Probability 0.3 0.3 0.4 Drilling
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Ethanol fuel is ethanol (ethyl alcohol). Ethanol‚ also called ethyl alcohol‚ pure alcohol‚ grain alcohol‚ or drinking alcohol‚ is a volatile‚ flammable‚ colorless liquid. A psychoactive drug and one of the oldestrecreational drugs known‚ ethyl alcohol produces a state known as alcohol intoxication when consumed. Best known as the type of alcohol found in alcoholic beverages‚ it is also used in thermometers‚ as a solvent‚ and as a fuel. In common usage‚ it is often referred to simply as alcohol or spirits
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A STUDY OF BRAND BUILDING ACTIVITIES FOLLOWED BY FUEL MARKETING COMPANIES.( QUESTIONNAIRE FOR DEALERS) Q1: Please tick mark against the company whose dealership you have a) HPCL b) BPCL c) IOCL d) Other ( Please specify)----------------- Q2: Kindly indicate (tick mark) the location of your retail outlet a) Within the City b) On the Highway Q3: Which type of fuel do the consumers use the most ? (Please tick) a) Branded b)
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development of a mixed fuel called HYTEST. Today‚ automobile manufacturers and DOE continue to work on hydrogen-powered ICEs. | Hydrogen/natural gas fueling (HYTEST fuel) of Ford Ranger‚ FSEC H2 Lab (Photo: S. Spencer) | There are four basic issues regarding hydrogen-fueled engines and vehicles: engine backfire and susceptibility of hydrogen to surface ignition‚ somewhat reduced engine power‚ high nitric oxide (NOx) emissions‚ and the problem of on-board storage of the fuel and safety. Although
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Fossil fuels have been the main component used to get the source of energy for decades around the world where relying on the use of it has became a way of life. Kristinstand in Sweden‚ Europe‚ has substituted fossil fuels over a decade ago with biogas‚ which greatly decrease harmful carbon dioxide emissions‚ meaning it would not contribute to global warming. Harnessing renewable energy effectively can be done if the resources are present and there is support from the government. this essay will consist
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Fuel and energy-Why are fuel and energy important? I chose this topic because I think; it plays an important role in our life. Without fuel and energy‚ I wouldn’t be able to arrive to school on time‚ because I need to come to school by car‚ which would not work if there is no fuel. I wouldn’t be able to use Air Conditioner‚ because it need electricity to works….and many more example. The point is without fuel and energy‚ most part of our life would be meaningless. So it is important for us‚ that
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Alternative fuels‚ or at least the concept of it‚ has been around since the early days of the automobile. Alternative fuels such as biodiesel‚ ethanol and methanol‚ have been produced and used on a small scale for decades. They are now being rediscovered due to the rising cost of oil and the instability of world politics. The discovery of these fuels changed the face of the planet‚ but since day one people have looked for other fuels that improved over the course of history. Alternative fuel vehicles
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Decreasing Fossil Fuels Over the past century America has continuously used its own fossil fuel resources and paid handsomely for additional supplies‚ in the race to stay current with modern technology and life .The possession of this resource has made the United States a very prosperous and powerful nation. The same fossil fuels that’s has made America such a powerhouse are the same that are damaging the environment and economy they have enabled. It is imperative that we decrease our dependency
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fossil fuels that is destined to burst. The creation of fossil fuels has taken place over many millions of years and is said to still be affecting the world around us. As we know‚ the sun is the source of most of the energy on our planet. Photosynthesis occurs all around us and is essentially the building block of life. The weight of the earth above the decaying material has provided the environment with the means to convert that material into fossil fuels. The burning of fossil fuels is more
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Fuel From Plastic Waste Introduction: Household items made of various kinds of plastic. Plastic is the general common term for a wide range of synthetic or semisynthetic organic amorphous solid materials used in the manufacture of industrial products. Plastics are typically polymers of high molecular mass‚ and may contain other substances to improve performance and/or reduce costs. Monomers of Plastic are either natural or synthetic organic compounds. The word is derived from the Greek
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