Today, the world’s economy is largely dependent on fossil fuels such as crude oil, and the demand for these resources often sparks political unrest, as a small number of countries control the largest reservoirs. Like any industry,supply and demandheavily affect the prices and profitability of c...
The extraction process for oil sands is quite different from drilling due to the high viscosity of this extra-heavy oil. Rather than using drills, crude oil is extracted from oil sands through strip mining or a variety of other techniques used to reduce the viscosity of the oil. T...
among others. Today, unconventional oil is becoming increasingly common, driven by new technological developments as well as economic considerations, making it more cost-effective and profitable. Some people, however, have concerns that unconventional oil extraction...
In late 2019, the California Air Resources Board (CARB) alerted stakeholders that carbon in the crude oil used by state refineries over the previous three years exceeded a baseline carbon intensity (CI) for the first time in the history of the LCFS program. Simply put, CARB found that the ...
Instead, each country is likely comply with OPEC agreements only as long as they are aligned with own political and economic interests.KIM J. ZIETLOWZietlow, K.J. What is left today? Analyzing OPEC's influence on the crude oil price. J. Self-Gov. Manag. Econ. 2015, 3, 61-69....
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athat wasn't what i wish for 那不是什么我祝愿[translate] aIt's a stamp.It is used letters 它是邮票。它是使用的信件[translate] aProvided that no arbitration proceedings shall be commenced on any dispute or difference where notice of a dispute or difference has not been given by the applyi...
Former New York Yankee Yogi Berra famously once said, “The future is not what it used to be.” We think that is an apt description when it comes to geopolitics and oil prices. Clearly, the rise of geopolitical events across the world is alarming and extremely troubling from ...
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127.7 PJ by 2010. Crude oil, petroleum, natural gas and coal and coke will make up more than 95% of the total energy supplied to the country which means less than 5% is from other sources such as renewable. However it can also be seen that the dependency on crude oil 总能供应预计...