Refining oil works in a relatively easy way.Crude oilis put into a boiler and turned into a vapor. From there, the vapor moves into a distillation chamber, where it is turned back into a liquid. Different types of oil are formed depending on the temperature they were distilled at. Gasoli...
Developing and emerging economies tend to have only one or two sectors that define most business activities. For example, 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, deve...
The “oil glut” of the 1980s was causing prices to drop to the point where major oil suppliers marked down their crude oil to as little as $5 a barrel. This came in sharp contrast to the globally jacked-up oil prices of just a few years prior, but since demand for gasoline had fa...
Imagine you have a big barrel of crude oil in the trunk of your car. Even though your car’s engine uses gasoline, and crude oil is used to make gasoline, all that crude oil in your trunk isn’t doing you a bit of good unless it somehow gets converted into gasoline and put into y...
The goal of the service station owner and the company that supplies the gas, however, is to know just how much gas you've pumped so they can properly charge you for it. That's where the flow meter comes in. As the gasoline travels upward into the dispenser, it passes through a flow...
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!
Petroleum fuel starts off ascrude oilthat's naturally found in theearth. When crude oil is processed at refineries, it can be separated into several different kinds of fuels, includinggasoline, jet fuel, keroseneand, of course, diesel.
drop to the point where major oil suppliers marked down their crude oil to as little as $5 a barrel. This came in sharp contrast to the globally jacked-up oil prices of just a few years prior, but since demand for gasoline had fallen so sharply, oil suppliers were forced to slash ...
Figure 1. World crude oil production per person, based on data of the US EIA. Data through September 2024. People have a misimpression regarding how world peak oil can be expected to behave. The world economy has continued to grow, but now it is beginning to move in the direction of co...
energy production that’s pretty much the opposite of what’s going on, saying the Biden administration has killed oil production and caused high gasoline prices. Actually, the United States is already producing more oil than any other country in the history of the world. S...