into the gas that fuels our economy. That is what keeps the gas prices high. When gas supplies are short‚ due to an “inability to refine crude oil into gas efficiently‚” prices increase. This is a component of supply and demand economics. In a positive aspect‚ rising gasoline prices do serve a purpose; they curtail usage so that we do not eventually run out of fuel. If gasoline continued to retain its cheap price‚ despite how much was available‚ people may pull up to their favorite gas station
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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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Professor Honeycutt English 1010 December 10‚ 2012 Gas Prices too high to pay Today gas prices have crept up to just over fifteen dollars a gallon. Due to rapidly depleted resources‚ the price of oil has gone to five hundred and thirty dollars; therefore the final price of gasoline had to increase. This has caused extreme violence to erupt all over the nation‚ especially at the gas stations themselves. People‚ in order just to fill up their gas tanks have had to sacrifice many things in their daily
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numerous techniques‚ the prescribed texts demonstrate that although times change‚ human concerns about aspects of the world remain the same‚ or very similar. This is apparent in a comparison of Mary Shelly’s novel‚ Frankenstein‚ and Ridley Scott’s film‚ Blade Runner. Techniques like imagery‚ atmosphere‚ camera angles and contrast‚ portray contextual concerns so that despite the texts being composed 164 years apart‚ we note parallels demonstrating that aspects of the world can remain very similar over
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to decrease the volume to 5 m3‚ (a) at a constant pressure and (b) at constant temperature. (c) What is the temperature at the end of the process in (a)? (d) What is the pressure at the end of process in (b)? (e) Show both processes in the p-V plane. Problem 2: The temperature of an ideal gas at an initial pressure p1 and volume V1 is increased at constant volume until the pressure is doubled. The gas is then expanded isothermally until the pressure drops to its original value‚ where it is compressed
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Coal Seam Gas What is it? Coalbed methane‚ also more commonly known as coal seam gas (CSG) in Australia‚ is a type of natural gas removed from coal beds. It has been labelled as an unconventional natural gas along with tight gas and shale gas. They are labelled as "unconventional" as a result of their unusual reservoir types. It is removed from coal seams that are 300 - 1000 metres underground‚ and it is mainly composed of methane gas. It is typically extracted by drilling a steel-encased hole
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LETTER OF AUTHORIZATION December 19‚ 2012 Muhammad Enamul Haque Assistant Professor United International University Subject: Submission of term paper on ‘’case analysis’’ Dear Sir‚ We are pleased to submit the term paper on time letter. Here is the term paper on “case solution”‚ you asked us to conduct. As you are teaching us about the international business‚ as per the requirement of syllabus provided from United International University for B.B.A. course‚ considering its importance
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more prone to switch back and forth from deep discounting to selling at book price as competitive circumstances changed. GE offered its highest discounts on very large turbine generators. When the market was declining GE tended to charge a premium over its competitors. The widening gap between book prices and actual prices of turbine generators in the years following 1957-1958 (as shown in Exhibit 5) probably indicates an ongoing price competition between the existing competitors. This has lead to
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Topic: IFRS and US GAAP in the Oil and Natural Gas Industry Summer 2013 July 17‚ 2013 Introduction Many countries in the world speaks many different languages when it comes to financial reporting. When one compare the accounting standards years ago to what is seen today‚ it’s shown that investors tolerated a great deal. As the markets are becoming global‚ investors are choosing the better global accounting standards that are available to them. For this reason‚ this paper will point out the International
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Ideal Gas Law: The ideal gas law is the equation of state of a hypothetical ideal gas. It obeys Boyle’s Law and Charles Law. Ideal Gas Law Formula : General Gas Equation: PV = nRT Pressure(P) = nRT / V Volume(V) = nRT / P Temperature(T) = PV / nR Moles of Gas(n) = PV / RT where‚ P = pressure‚ V = volume‚ n = moles of gas‚ T = temperature‚ R = 8.314 J K-1 mol-1‚ ideal gas constant. Ideal Gas Law Example: Case 1: Find the volume from the 0.250 moles gas at 200kpa and 300K temperature
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