seaborne energy transport business that currently have major contribution to the world seaborne trade‚ which are crude oil and coal. BP (2012) stated that in 2011 global oil consumption has increased 0.7 per cent to reach 88 million BOPD. Despite the fact that the consumption is not picturing a significant amount of growth‚ according to UNCTAD (2012)‚ in the same period crude oil load capacity reached 1.8 billion tons and has an account for approximately one third of the total world seaborne trade
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Senior Research Fellow Emeritus in Physics at Corpus Christi College‚ Oxford‚ expects the world energy use is doubling every fourteen years and the need is increasing faster still and he insisted in 2008 that the world oil production‚ a main resource of fossil fuel‚ is expected to peak in ten years and thereafter fall (Hodgson‚ 2008). More than 90% of greenhouse gas emissions come from the combustion of fossil fuels (Wikipedia‚ n.d.). Therefore‚ consumption of fossil fuel resources leads to global warming
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OIL PAINTINGS One of the images that I’m most fond of is the “Madonna and Child with the Chancellor Rolin” by Jan and Eck. This piece is one my favorites because it uses oil. When using oil the images of the paintings seem to realistically speak to me. This particular painting enables both fusion of tones and crisp effects and is unsurpassed for textural variation. The standard consistency of oil paint is a smooth‚ buttery paste. In this scene it depicts the Virgin crowned by a hovering Angel while
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Russia and the Global Economic Crisis – The Causes and Coping With The Crisis Russia and the Global Economic Crisis – Causes and Coping With The Crisis Abstract Nearly after 20 years and the fall of the Soviet Union‚ the shape of Russia‚ its principal successor state‚ remains unsolved. As well as Russia’s relationship with the West. Though the intense U.S.-Soviet competition of the Cold War is over‚ Russia has not become the permanent partner that many on the outside hoped would emerge after
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Several reasons affecting supply. The refinery turnaround season is when refineries shut down or scale back to do necessary maintenance which is done in early spring and late fall. This time period provides a combination of moderate weather and off peak gasoline demand. The results of all this is that it lowers the available supply of gasoline as the driving season begins to pick up. With the lower supply + higher demand = higher prices. The demand of gasoline was very high in the winter. This
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alternative ways of energy. These environmental experts predict that if heavy changes aren’t made‚ the Earth’s average temperature may rise 2 degrees Celsius by 2030 (Kuo‚ 2011). Our country’s energy system has improved since the 1970s‚ but still relies on oil‚ coal‚ and natural gas (Fri‚ 2013). Increase in carbon dioxide and other greenhouse gases at such a high rate are enough incentive to switch energy sources. The US energy policy is currently not suitable to sustain a practical future. There are other
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Project Utilization of Tuba-tuba (Jatropha curcas L.) Wastes for Raw Briquettes Agro-Industrial-Technology Award Received: 1st Place in Agro-Industrial-Technology category in Science‚ Arts and Business Week. Sy 2010 – 2011 Utilization of Tuba-tuba (Jatropha curcas L.) Wastes for Raw Briquettes Agro-Industrial-Technology Jason Michael D. Cuaresma Lawrence C. Darvin James Russell G. Tolentino Date: March 25‚ 2011 In partial fulfillment of requirements in research submitted
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transportation is that they run on gas‚ which is made from fossil fuels. Fossil fuels such as oil‚ coal‚ and natural gas are nonrenewable resources. They will run out one day and that’s what the U.S. relies on for gas and electricity. Renewable energy such as solar‚ wind‚ and hydropower are infinite sources. The U.S. depends on the finite resources of fossil fuels greatly‚ yet they have the ability to use renewable energy. The oil boom dates back to Henry Ford and John D. Rockefeller and some say that fossil fuels
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development after industrial revolution is unprecedented. Just 200 years ago‚ the world experienced energy revolution that launched the industrial age. The catalyst to this epochal change was ordinary black coal - an energy rich hydrocarbon. A century later‚ oil and gas were added to satiate the thirst of industry. Man still relies mainly on these fossil fuels. Nevertheless many other sources of energy: hydro‚ solar‚ nuclear‚ wind‚ geothermal‚ biogas and wave have been taped. These sources of energy are
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Portfolio Analysis We currently have 4 holdings in Energy‚ 4 in Materials and 3 in Utilities. Our Energy holdings consists of Buckeye Partners Limited which is a Oil and Gas Pipeline company‚ Valero Energy which is an oil refiner and marketer‚ VanEck Global Alternative Energy ETF which consists of companies that have over 50% of their revenue from renewable sources‚ and we hold the XLE which is our sector SPDR. In Materials we hold the iShares Global Timber ETF‚ The Graphic Packaging Holding Company
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