For example‚ the price of gas in California is about 10% higher than the national average. California is one of the largest states in the USA in population and land. Californians choose to drive everywhere and mostly alone‚ causing the demand for petroleum in the state to rise immensely which increases the supply. The Law of Supply states that the amount of product supplied increases as the prices increase as long as other factors are constant‚ and vice versa‚ if supplies decrease so will the prices
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References: Attock Petroleum Limited. (2009) Annual Report 2009. Karachi: Attock Petroleum Limited. | Attock Petroleum Limited Attock Petroleum Limited. (2011) Annual Report 2011. Karachi: Attock Petroleum Limited. | BPP Grant‚ Susan (2002). Stanlake’s Introductory Economics. London: Longman. | Pakistan State Oil Company Limited Pakistan State Oil Company
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References: Reis‚ J.C.‚ U.(1993).An Overview of the Environmental Issues Facing the Upstream Petroleum Industry ISBN 978-1-55563-481-0.texas prints. Oil For Nothing: Multinational Corporations‚ Environmental Destruction‚ Death and Impunity in the Niger Delta Essential Action‚ 2000. Retrieved june 2013. oil Spill Response And Remediation.http://dexcomsolutions
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Horizon Oil Spill The Deepwater Horizon oil spill was a devastating event that lasted several months. It occurred on April 20 through July 15‚ 2010 offshore Louisiana‚ Gulf of Mexico‚ USA. Deepwater Horizon is owned and operated by British Petroleum (BP). The spill was caused by an oil gusher on the ocean floor. The Deepwater Horizon rig started drilling a well at a water depth of 5‚000ft in MC block 252 when it caught fire in April 2010. Deepwater Horizon is a fifth-generation deepwater
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The Path Forward for Biofuels and Biomaterials 1. Arthur J. Ragauskas1‚*‚ 2. Charlotte K. Williams4‚ 3. Brian H. Davison6‚ 4. George Britovsek4‚ 5. John Cairney2‚ 6. Charles A. Eckert3‚ 7. William J. Frederick Jr.3‚ 8. Jason P. Hallett3‚ 9. David J. Leak5‚ 10. Charles L. Liotta1‚ 11. Jonathan R. Mielenz6‚ 12. Richard Murphy5‚ 13. Richard Templer4‚ 14. Timothy Tschaplinski7 +Author Affiliations 1. 1 School of Chemistry and Biochemistry‚ Georgia Institute of Technology‚ Atlanta
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focused on volume growth and achieved a market share of 20 per cent. In the growth phase‚ cost efficiency and cost effectiveness of the operational aspects were ignored. In the late 1990s‚ due to increased competition and acquisition of CIL by British Petroleum‚ the focus shifted from high growth to efficient supply chain management. This brought about a sea change in the cost and performance management systems at CIL. It required a cultural change — from chasing production volume targets to developing
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The OIL INDUSTRY includes the global processes of exploration‚ extraction‚ refining‚ transporting (often by oil tankers and pipelines)‚ and marketing petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products‚ including pharmaceuticals‚ solvents‚ fertilizers‚ pesticides‚ and plastics. The industry is usually divided into three major components: upstream‚ midstream and downstream. Midstream operations
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EE8093 Energy Devices for 8093 Sustainable Urban Environment Environment A/P Terence Wong Division of Microelectronics School of Electrical and Electronic Engineering Office: S2-B2c-103 Email: ekswong@ntu Email: ekswong@ntu.edu.sg EE8093 Energy Devices 1 Course objectives Course objectives This energy minor course shows how technological gy solutions can contribute to solving environmental problems in the context of cities The basic operating principles and applications
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lubricants are as follows: • Excellent lubricity: The lubricity of the biobased lubricants is about 2 to 4 times their petroleum based corresponding lubricants. This reflects in the reduced mechanical losses and energy saving in the range from 5% to 15% of the equipment operation. • Higher viscosity index: The viscosity does not vary with temperature as much as the petroleum based lubricants. This makes bio-lubricants suitable for high temperature applications‚ typically 250°C or above. • Lower
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China National Petroleum Corporation CNPC at a Glance China National Petroleum Corporation (further CNPC) is an integrated international energy company. Ranked 6 at the Fortune 500 in 2011‚ it is China’s largest oil and gas producer and supplier‚ as well as one of the world’s major oilfield service providers and a globally reputed contractor in engineering construction. With a presence in almost 70 countries‚ it is seeking an even greater international role. It provides energy in a profitable
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