Properties Of Crude Oil. 4 3. Average OPEC Crude Oil Price From 1960 - 2013 5 4. Q1. Why is OPEC considering cutting the production of crude oil further? Use a diagram to explain. 6-8 5. Q2. Why do analysis say that reducing the production of crude oil is not going to increase the price of crude oil? 9-10 6. Q3. What has happened to crude oil prices in the last couple of months? What predictions are economics making for the oil industry for the next
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Dangers of Oil Spills (Article for Environment Awareness magazine) Oil slicks do so much more damage than just the initial havoc we see on the news; the effects can be long lasting. The recent Deep water BP oil leak disaster in the Gulf of Mexico well and truly eclipsed the Exxon Valdez oil spill of 1989 and now has the potential of being one of the largest oil spills on record. Latest official estimates state approximately 4.1 million barrels of oil contaminated the
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Measurement in Fats and Oils. Introduction : Vegetable oil is an important and widely used lipid source for our everyday food products. Its application is increasing day by day for food purposes and for the manufacturing of a number of toiletry products. However‚ some vegetable oils are not up to standards to meet consumer satisfaction in terms of their physico-chemical properties or for the texture and stability of the food products (Reyes- Hernandez et al.‚ 2007). Recently‚ palm oil has become the
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MARINE OIL POLLUTION-concept map PTT Global Chemical PLC. PTT Global Chemical PLC. POLLUTER POLLUTER MARINE OIL POLLUTION MARINE OIL POLLUTION Crude oil around 50‚000 liters (420 barrels) spilled into the sea from a pipeline unloading an oil tanker around 20 kilometers (12 miles) off the coast of Rayong province at Ao Prao‚ Samet (Thailand). Crude oil around 50‚000 liters (420 barrels) spilled into the sea from a pipeline unloading an oil tanker around 20 kilometers (12 miles) off
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Table of Contents Crude oil......................................................................................................................................1 Ancient Civilisation ...................................................................................................................1 Politics of Black Gold.................................................................................................................1 Physical attributes of crude ...........................
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News on February 07‚ 2011. The title of the article is “It will take more than rebranding to make tar sands oil ‘ethical’ “. In this article‚ David and Faisal point out the result of extracting oil will cause immense harm especially from the PESTEL perspective. They also warn the government to stop using spin doctors and marketing techniques through re-branding and calling it “Ethical Oil”. After reading quite a few articles on this topic‚ both from the political‚ economic and environmental perspective
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Navrangpura‚ Ahmedabad – 380009. Constitution : Company Year of Incorporation : 1999-2000 Status of Industry : Large Scale Industry Product : Edible Oil Board of Directors : Mr. Gutam S. Adani (Chairman) Mr. Rajesh S. Adani (Managing Director) Mr. Kuok Khoon Hong (Director) Mr. Chau Phuay Hee (Director) Mr. Nico L. Hans (Alt. Director to Mr. Kuok Khoon Hong) Mr. T. K. Kannan
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Seunghwan Lee Professor Poe En 102 11/08/2010 Causes and Effects of Gulf Oil Disaster As the situation of environment is becoming worse than ever these days‚ the explosion of Deepwater Horizon ship has been making things the worst with the enormous damages since this incident happened on April 20th 2010. This disastrous accident happened under the 2nd biggest oil company BP’s poor responsibility. According to this accident‚ about 30 laborers died or got deadly hurt then the ship started to
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Oil Crisis When thinking about the 1970s‚ many words such as hippy‚ lava lamps‚ and tie-dye come to mind. However‚ there was much more going on during this decade than that. The 1970s‚ for those who lived in it remember having to wait in long lines at gas stations due to gas shortages. This became known as the oil crisis‚ which occurred in 1973 and 1979. Both of these crises caused a recession. As this comes with any recession‚ households and firms became uncertain about the future and weary of
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What happens when oil does peak? by Joel Bainerman Peak oil is often referred to as "Hubberts Peak"‚ a geophysicist who observed that oil well production followed a bell curve. According to the mainstream‚ convention view‚ peak oil is set to occur around 2006-2008. When peak oil occurs‚ production will decline approximately 3% per year at a time where global demand is increasing at 3% per year. What will all this mean for you and me- the average folk? Which industries will suffer the most- and
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