oil pricegasoline priceoil investmentreal GDP growthStarting in late 2008, the U.S. production of tight oil surged, causing a renaissance in the U.S. oil sector that few industry analysts had anticipated. This tight oil boom reduced the dependence of the United States on petroleum imports and...
Oil extraction has traditionally been a huge source of tax dollars, especially for oil exporters, even when oil was sold at relatively low prices. Anything that replaces oil needs to fill this role as well, because the economy needs energy (and taxes from energy) to operate. This tax revenu...
some nations rely heavily on the extraction and sale ofcrude oil, which can be turned into gasoline and sold to consumers within developed economies. On the other hand, developed nations tend to have a more diverse representation of all sectors. ...
At a refinery the crude oil is separated into many parts. From the refined petroleum we get important things such as gasoline kerosene fertilizer detergents and a lot of other useful things. In fact there are thousands of such things that we can get. Petroleum really is of great value!
The question often arises, "How long does the thermostat have to be at a low setting in order to save enough energy to make up for what it takes to get the house back up to temperature when you dial the heat back up?" Experts at the Department of Energy have determined that the amou...
Trains are an essential part of a country's infrastructure, so what does their future look like? The future of train transportation will be dictated by the price and availability of oil, the determination of governments to find alternate modes of travel and the public demand for economical, ...
processes that were invented to improve the yield of gasoline from crude oil were known as cracking. In this refining process, cracking used heavy hydrocarbon molecules to break up lighter molecules by means of heat, pressure, and catalyst. This process helped advance gasoline to run in the car...
Energy consumption refers to the total amount of energy that is needed for a particular process or activity to get done. This gets measured in kilowatt-hours (kWh). It involves the consumption of gas, oil, diesel, electricity, and biomass. ...
If it were possible for human beings to digest gasoline, a gallon would contain about 31,000 food calories -- the energy in a gallon of gasoline is equivalent to the energy in about 110 McDonalds hamburgers! Where does gasoline come from? Gasoline is made from crude oil. The crud...
Gasoline and Battery Power Efficiency Fuel Cell Problems Why Use Fuel Cells? How Fuel Cells Work If you want to be technical about it, a fuel cell is an electrochemical energy conversion device. Discovered in the 1800s, a fuel cell converts the chemicals hydrogen and oxygen into water, and...