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Crude Oil Is A Strategic Product

- ... If we calculated using the current buying power of U.S dollar, i.e. after eliminating the effects of inflation in the past 45 years, from 1970 to 2015, according to the NYMEX, the crude oil price of WTI has moved from 15 to 120 dollars a barrel (Cite source). When recalling the oil prices in the past to predict for the future, we have seen a lot of vicissitudes phrases. From 1974 to 1985, oil prices moved within a range of 50 to 120 dollars per barrel. From 1986 to 2004, for almost 20 years, oil prices range between 20 to 50 dollars per barrel....   [tags: Peak oil, Petroleum, Benchmark, 1973 oil crisis]

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A Crude Awakening- The Oil Crash

- A Crude Awakening - The Oil crash This paper will explore the reasons for why the Oil Crash is a social problem and try to come up with solutions as to what we can do in order to keep our civilization going the way it is, keep the stability of the economy and sustain the natural environment. Sustainability means that we should be able to meet the demands of our current lifestyle and live an adequate life while also allowing the future generation to do so in their time without compromising them (Oskamp, p.496)....   [tags: Social Problems, Oil Crash, Economy]

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Crude Oil On The International Market

- ... CSR is simply a concept which suggests that organizations should take into consideration, the interest of the society by taking responsibility of the effect of their activities on customers, shareholders, employees, as well as the entire environment where they operate. It is the integration of environmental and social concerns in the business activities and also in a company’s interaction with their stakeholders. Corporate social responsibility goes beyond statutory obligation of business or corporate organization to comply with legislation but taking further steps to improve the quality of life of employees, local communities and society in general....   [tags: Sustainability, Social responsibility]

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The Importance of Crude Oil

- From the middle of twentieth century, due to exceptional importance of the crude oil in the supply of the world's energy demands, it has become one of the major indicators of economic activities of the world. Even after the appearance of alternate forms of energy like solar power, water and wind, the importance of crude oil as the main source of energy still cannot be denied. This sharp increase in the world oil prices and the volatile exchange rates are generally regarded as the factors of discouraging economic growth....   [tags: Energy]

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The Importance of Crude Oil

- From the middle of twentieth century, due to exceptional importance of the crude oil in the supply of the world's energy demands, it has become one of the major indicators of economic activities of the world. Even after the appearance of alternate forms of energy like solar power, water and wind, the importance of crude oil as the main source of energy still cannot be denied. This sharp increase in the world oil prices and the volatile exchange rates are generally regarded as the factors of discouraging economic growth....   [tags: Energy ]

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Global Supply Of Crude Oil

- As consumers, we often remain relatively unaware of the positive impact that international trade has on our lives. Many things that the United States imported are either things that we will not have enough to supply our demand like crude oil or things that will be more effective to import than produce it ourselves like textile products. If we forget the existence of the global supply of crude oil that will definitely increase oil prices and that will have huge negative effects in the U.S. economy that can be avoided by using international trade to import crude oil....   [tags: International trade, Export, Economics, Import]

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Crude Oil and Hydrocarbons

- Crude Oil and Hydrocarbons Petroleum, also known as crude oil is formed from fossilized remains of marine plants and animals that settled on the sea floor millions of years ago. Petroleum consists of a complex mixture of hydrocarbons molecules including parrafins, aromatics, napthenes/ cycloalkanes, alkenes and alkynes. Hydrocarbons are molecules that contain hydrogen and carbon atoms that form various structures from straight chains to branching chains and rings. Hydrocarbons with low molecular weights, such as propane (C3H8) are in a gaseous form....   [tags: Environment, fossil fuels]

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1127 words | (3.2 pages) | Preview

A Crude Awakening to a Ceaseless Dependency in Oil

- Crude oil: Seeps into the minds of investors whilst increasingly fueling the deadly dependency within them. Crude oil: Cheap in cost, yet costly in terms of wars fought, lives lost, and societal social and economic dislocations created. Crude oil: the penned “Black Gold” that we seek to posses. What once started out as a newly conventional commodity has now become a diminishing support system for all. It “creates the illusion of a completely changed life, life without work, life for free. It “is a resource that anaesthetizes thought, blurs vision, corrupts.” But with its addictive attributes and strategic leverages, it depicts the qualities of a Siren in an open sea....   [tags: Petroleum, Fuel]

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Transporting Crude Oil Is Never Safe

- Transporting Crude Oil North Dakota has about 17,500 miles of pipe, that’s enough to stretch from New York to Los Angeles. The dangers of transporting oil have risen greatly without pipelines and cleaning up the messes they leave behind is getting more extensive. The danger of shipping crude oil by train and by pipeline is growing with the new oil deposits found such as in western North Dakota. What’s left is to clean up the messes left behind because of accidents. In the end, petroleum products are something that the human race can’t live without in this day in age....   [tags: train, pipeline, oil spills]

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What´s Petroleum or Crude Oil?

- – Preliminary Assessment 1 Part a Identify a mixture from one of the spheres of the Earth- Lithosphere – Petroleum/Crude oil Crude oil is a naturally occurring fossil fuel that has been used for many thousands of years. It is a flammable liquid found in most cases underground. Crude oil’s components are primarily hydrocarbons that have many variations; traces of other elements are also found in crude oil and also in some cases natural gas. The term ‘crude oil’ refers to oil that is unprocessed....   [tags: natural gas, fossil fuel]

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The Keystone Pipeline Is A Crude Oil Pipeline

- ... Having more citizens who can afford to spend more of their money and still live comfortably means that more sales tax money is being brought in for local sectors of the United States. The pipeline benefits everyone’s pocket books, something that everyone would enjoy, more money. The Keystone XL pipeline would be beneficial to the economy. Congressman Lee Terry says it is “one of the most promising economic opportunities currently available”. The United States of America need this project for the working class of the country....   [tags: United States, Economy of the United States]

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Teachers Have Standards on Crude Language

- ... For example, the word “cool” means to be “calm” (CITE) or “composed”(CITE) whereas the slang can be likened to be an expression of adoration towards another person (i.e. “You are so cool!”). Furthermore, if a student continually uses inappropriate language as a result of the words becoming one with society, then they lose the opportunity and the comprehension educational systems have open for them to learn denotation; the student also opens up the option of living with illiteracy because they don’t control the words they imply definitions for....   [tags: cursing, classroom, communicate, school]

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Extraction and Separation of Crude Oil

- Extraction and Separation of Crude Oil Introduction: In this investigation I will use the multimedia science school programme and the chemistry books to see the formation, extraction and separation of the crude oil. Formation of crude oil: F81: Reservoir conditions vary with depthF82: Reservoir drive [IMAGE] [IMAGE] [IMAGE] As the materials were washed into the sea, land was formed. The living material dies then the sand, mud and other materials settle on the top of the seabed covering the dead living material....   [tags: Papers]

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Innovations in Crude Oil Production

- Innovations in Crude Oil Production The first oil well was drilled in 1859 by Edwin Drake. It burned to the ground several months later, but had it survived it would only have yielded around 20 barrels of oil per day, hardly a drop in today’s market.(“Story”) At the time however, it was considered a success and it began a revolution in oil production. Crude oil production in the world skyrocketed from a few hundred barrels of oil per day to 76 million today. (“International”) Of course, in the long term, this is not sustainable....   [tags: Oil Production Essays Papers]

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Kinetics Of Catalysts Used By The Hydrotreatment Of Crude Oil

- Kinetics of Catalysts used in the Hydrotreatment of Crude Oil Jennifer Clark 12/12/2014 2 Table of Contents 1. Introduction ............................................................................................................... 3 2. Catalytic Kinetics ....................................................................................................... 4 3. Catalytic Deactivation ............................................................................................... 6 4. Diffusion of Residual Oil ..............................................................................................   [tags: Catalysis, Chemical reaction, Petroleum]

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Alternative Crude Oil And Its Effects On Natural Gas

- ... f) Solar cells (renewable) – Solar cells are thin wafers of purified silicon with metals that allow them to produce electricity. When sunlight strikes these transparent cells, they emit electrons, and many cells wired together in a panel can produce electrical power. The cells need electricity storage system, backup, or connection to a grid system. It has a moderate energy yield. g) Hydropower (renewable) – Hydropower is electricity produced by the fall and flow of water that creates kinetic energy....   [tags: Petroleum, Fossil fuel, Solar energy]

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Crude Oil

- Crude Oil Crude oil is a complex mixture of hydrocarbon molecules formed over millions of years when the remains of microscopic sea creatures trapped in sediments were converted by heat and pressure into crude oil. The most abundant of these mixtures are the ones containing hydrogen and carbon only. These hydrocarbons can take on a number of different forms, i.e. alkanes, alkenes and alkynes. They vary in size and shape and viscosity. By manipulating these chains of hydrocarbons you can create any number of useful substances as they are very adaptable....   [tags: Papers]

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Crude Oil Crisis

- Crude Oil Crisis The modern world survives on a steady diet of energy that is obtained from a wide variety of places and is used in an even wider variety of ways. The undeniable dependence of our modern culture on energy has both positive and negative effects on the world we live in. While our lives get more convenient, the environment is suffering. While technology is used to improve the quality of life, our non-renewable energy resources are depleting. The double edged sword that is our energy reliance is a constant compromise between what the world wants, and what the world has....   [tags: Essays Papers]

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Crude Extracts in Tsaang- Gubat as Potential Therapeutic Agents for Treating Cancer

- ... With its high success, cultures around the globe have long used these medicinal plants to treat various ailments especially cancer. (Broadhurst, Polansky, & Anderson, 2000; Igbinosa, Igbinosa, & Aiyegoro, 2009; Manoharan & Kaur, 2013; Mouli, Vijaya, & Rao, 2009; Saleem, Husheem, Härkönen, & Pihlaja, 2002; Tayarani-najaran & Emami, 2011). There are lots of medicinal plants accessible in nature that is proved to have anti-cancer properties. The use of plant extracts in traditional medicine continues to provide health coverage for over 80% of the world’s population, especially in the developing world (Igbinosa et al., 2009)....   [tags: philippine tea tree, medicinal plant]

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Oils: How We Use Them to Live

- ... The oil formed from tiny sea creatures and dead plants falling to the bottom of the ocean floor millions of years ago. Then year after year, sand and rocks covered the layers until pressure built up. The high temperature of the rotting material, along with the heaviness from the layers of rock and sand that covered it caused a chemical reaction, which created Crude oil. Uses of Oil Back Then It is fascinating that people for nearly 5,000 years have found many uses for the different forms of oil that they found....   [tags: crude, precautions, drill, spill]

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1313 words | (3.8 pages) | Preview

Empirical Relationship between the Price of Gold and Three Other Variables

- ... Instead of finding relationship between overall price level and interest rate and exchange rate, we are more interested in finding the possible relationship between gold price and these variables. Many researches have been done on gold as an inflation hedge in many economies in the world, the results either weakly support or strongly support the claim. If the gold being a inflation hedge is true, there is likely a relationship between gold and these variables. This paper tries to explore the empirical relationship between gold price and other four variables possibly related with it....   [tags: crude oil, economic concepts]

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1205 words | (3.4 pages) | Preview

The U.S Oil and Gas Refining and Marketing Industry

- The U.S Oil & Gas Refining & Marketing Industry According to the GAO report, the U.S. petroleum refining industry experienced a period of high product prices and industry profits from the early 2000s through to 2007. ( United States Government Accountability Office , 2014). Since the recession of 2007 to 2009,the industry has been in transition ( United States Government Accountability Office , 2014). The three major changes that have recently affected the domestic petroleum refining industry include: Increased production: According to GAO, the U.S....   [tags: crude oil, petroleum, environment]

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Natural Gas, Petroleum and Byproducts

- ... Mixed base – Mixed base is simply a form of crude oil which contains roughly equal amounts of paraffin and Asphalt, none being significantly greater than the other. The products in a mixed base crude oil are separated by fractional distillation WHERE DOES IT COME FROM. Formation of Oil Scientists have several theories on how oil and gas was formed but none of the theories have been effectively proven. Many scientists are of the opinion that the oil and gas deposits were formed from the decay of plant and animal remain....   [tags: crude oil, hydrocarbons industry]

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1677 words | (4.8 pages) | Preview

How Changes in Oil Prices Affect Stock Market

- Kollias et al (2011) use a non-linear BEKK-GARCH model to see how war and terrorism impact the covariance of the price of oil and four major stock market indices (S&P500, DAX, FTSE100, CAC40). They found that war has a long lasting effect on the covariance, whilst terrorist attacks have a one-off shock to the price of oil, the DAX and the CAC, whilst the S&P500 and the FTSE100 were not significantly affected due to the fact that they are more efficient markets and a deep enough to withstand the consequences of a terrorist attack....   [tags: methodology, returns, crude]

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Types of Car Brake System

- ... Almost 2000 years went by with no development or changes to this technology, the lever and block was still prevalent. The block against wheel system is still used today, mostly in combination with the disk brake. That was where the disk brake originated from, that idea of braking. In the early stages of the automobile, drum brakes was the standard as it offered several advantages over several other brakes. One was that the drum brake could keep out water and dust and materials that could damage the disk breaks, which were out in the open....   [tags: crude system, disk brake]

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Venezuela's Oil Industry Compared

- Venezuela is one of the world’s top oil exporters. It is also one of the top suppliers of oil to the United States of America . Founded in 1960, Venezuela is one of five founding members of the Organization of the Petroleum Exporting Countries (OPEC). Along side Venezuela are the petroleum powerhouses Iran, Iraq, Kuwait, and Saudi Arabia. Since then 9 other countries have joined OPEC, including: Qatar, Indonesia, Libya, United Arab Emirates, Algeria, Nigeria, Ecuador, Angola and Gabon. OPEC’s mission is to come to agreements on petroleum policies among the member countries....   [tags: PDVSA, Crude, OPEC]

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Saudi Aramco Argument Essay

- Introduction Saudi Aramco is the largest producer of crude oil in the world. They account for the majority of the world’s crude oil and natural gas exports. The company is great. They treat their employees well and they look out for the environment. The company’s home office is located in Dhahran, Saudi Arabia and employees millions of people. The company is valued at ten trillion dollars and that amount climbs daily. The company has the world’s largest crude oil reserve that has an estimated two hundred and sixty billion barrels....   [tags: economics, crude oil industry]

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Coal Tar Production

- ... It is heavier than water. It is “practically insoluble” in water, whereas “all or almost all” dissolves in benzene or nitrobenzene (Budavari 1989). According to EPA 1994 & IARC 1985, CCT contains approximately 10,000 compounds which consist of 48% hydrocarbons, 42% carbon and 10% water. The chemical composition of coal tar depends upon the temperature of distillation (IARC Monogr Eval Carcinog Risk Chem Hum. 1985, ). The high content of polycyclic aromatic hydrocarbons (PAHs) is found in high-temperature (lOOO-1300°C) coal tars whereas low-temperature (400-700°C) coal tar contains high amount of phenols and tar acids....   [tags: characteristics, crude coal]

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Crude Oil and Venezuela

- Venezuela is a country that place at South America. Its official name is República Bolivariana de Venezuela. Its International Reserves: US$ 29,468 billion, GDP (Purchasing Power Parity): $381.3 billion of International dollars, GDP per capita – PPP: 12,920 International Dollars and its Real GDP growth: 5.6% (Source: World Bank, 2012.) Venezuela is a developing country today. And it deals with exportation of oil as a means of sustaining the country economically. Most of countries like Saudi Arabia (1th), Russia (2th), and United Arab Emirates (3th) etc....   [tags: petrodollars, petroleum industry]

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Keystone XL Pipe Line: Is it Worth the Damages?

- ... The proposed extension of the pipeline would span from Alberta, Canada, through Montana, South Dakota, Nebraska, Kansas, Oklahoma, and finally Texas. From Canada down to Texas is an awful large amount of ground for a pipe to cover, but, organizations such as TransCanada insist that there is a wealth of benefits to be had with the construction of the pipeline, both during and after construction. TransCanada, when asked about possible benefits of construction, stated on their website that, “Keystone XL is the definition of shovel-ready infrastructure project”....   [tags: government, canada, crude oil, fuel]

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The Scarcity Of Hydrocarbon Resources

- ... Though as a result of economic replenishment as price increases producers will find it possible to use more capital intensive methods to recover greater reserves such as drilling in the North Sea, and technological progress will increase the set of feasible possibilities seen in the development of nuclear power. While reserves are falling, it is not only scarcity that will impact the price of oil and therefore an investors decision to invest in North Sea Oil, and therefore it is important to consider other factors that may affect the price of oil....   [tags: Petroleum, Peak oil, Light crude oil, Brent Crude]

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Athabasca Oil Sands

- Introduction The Athabasca oil sands are the second largest producer of crude oil in the world, with a surface area of approximately 100 000 square kilometres (Anderson, Giesy & Wiseman, 2010). The Alberta Energy and Utilities Board estimates that the oil sands contains approximately 1.7 trillion barrels of crude bitumen, however only 19% can be ultimately recovered (Raynolds, Severson-Baker & Woynillowicz, 2005; Humphries, 2008). The availability of recoverable bitumen makes Canada’s oil sands deposit larger even than that of Saudi Arabia (Czarnecki, Hamza, Masliyah, Xu & Zhou, 2004).The process of surface and in situ mining of the Athabasca oil sands is causing rapid and significant degrad...   [tags: crude oil, environment, extraction, remediation]

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Transportation Safety : Oil Transportation

- POLICY ISSUES Transportation Safety Crude oil transportation can have many important safety implications across those modes that can carry it, Pipeline, Rail, Boat, and Truck. Transporting crude oil can be very dangerous. Currently, pipelines account for 70% of crude oil transportation, followed by 23% on marine barges and tankers, 4% by truck, and 3% by rail. However, with the rise in production of crude oil, rail transportation has seen a rise in usage, due to the ability to carry larger volumes (5)....   [tags: Petroleum, Peak oil, Light crude oil]

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Alcohol Producing Yeast

- Food and energy security have always been essential needs in various ways. This is due to their limited resources and their increasing demand by a growing human population [1, 2, 3]. At the same time demands of ethanol has been increasing since it is considered to be an alternative transportation energy source other than food consumption [4, 5]. Considerable attention has been given to ethanol production from various available sugar substrates such as molasses, sugar cane juice [6]; starchy materials like rice, millet, corn, sorghum, wheat, potato, cassava [3, 5, 7, 8, 9, 10]; as first generation ethanol and cellulosic materials as second generation ethanol [11]....   [tags: Environment, Fossil Fuel, Crude Oil]

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The Effects of Light Crude Oil Costs and Stock Prices on Five Class I Railroads

- The Effects of Light Crude Oil Costs and Stock Prices on Five Class I Railroads I chose this study to determine if there was any significant effect on the relationship between the cost of (Brent) light, sweet crude oil, the largest type of oil in volume traded, and the stock prices of five Class I Railroad stocks operating in the United States. I am currently employed with the Brotherhood of Locomotive Engineers & Trainmen, the bargaining agent for the majority of engineers on the major Class I Railroads in the U....   [tags: Cause Effect Statistics Study]

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The Keystone Pipeline Controversy

- The Keystone Pipeline started construction in 2008 for the main purpose of connecting Canadian and American oil refineries to transport crude oil from the oil sands of Canada faster and more efficient. So far the first three phases of the pipeline have been completed but the proposed and most controversial is Phase IV. It connects Hardisty, Alberta to Steele City, Oklahoma which requires a presidential permit and it also connects the 485-mile southern leg known as the Gulf Coast Project between Steele City and Port Arthur, Texas, which is now operating (Eilperin)....   [tags: canada and american oil refineries, crude oil]

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Oil And Its Effects On The Environment

- ... Not only have reserves increased, so has production and use yet reserves are increasing. The discovery and access to more and more oil reserves is causing the increase, yet this can only happen for so long. The Cambridge Energy Research Associates predicted that 3.74 trillion barrels of oil remained accessible in the Earth in 2006, twice that of the BP estimates. CERA predicted that that oil production will reach a decades-long "undulating plateau" at some point in the 21st century [5]. With more and more developments in this industry it is in fact hard to see the world running out of oil any time soon....   [tags: Peak oil, Petroleum, Oil reserves]

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Draft of RRL for Defense

- Section: Graviton Rating: Summary of Output: Draft of RRL for Defense Review of Related Literature I. Biodegradation Biodegradation is nature's way of recycling wastes, or breaking down organic matter into nutrients that can be used by other organisms (Environmental Inquiry, 2009). It hastens the degradation of organic pollutants. A.1. Crude oil Crude oil contains polycyclic aromatic hydrocarbons (PAH) which are harmful to the environment. Crude oil is normally described as sweet (low sulphur) or sour (high sulphur) and light or heavy (depending on its density)....   [tags: Environmental Biology ]

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Rising Gas Prices in the United States

- Once upon a time Americans hopped into their cars on warm spring days and took long drives to admire the beauty of nature. Teenagers took joy rides around town to meet friends and rode from one “hot spot” to another. Those were the days when gas prices were affordable to the average American. Over the past few years, gas prices in the United States have been on the rise. What is causing the increase in gas prices. To understand the increase in gas prices, one must first identify the distribution of dollars paid per gallon at the pump....   [tags: The Oil Industry]

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Gasoline And The Price Of Gasoline

- ... As far as gas prices over time in 1962 gas was 31 cents a gallon, which today would be equivalent to $2.44. In 2002 gas was about $1.36 a gallon but then gas prices spiked up $4.00 a gallon in 2008. Today in 2016 we are seeing gas prices fall again anywhere from $1.99 to $3.00 a gallon. The price of crude oil fluctuates between $32 to $130 a barrel in this day and age. Gas prices in your area might be different than the gas prices in another area, why. Gas prices depend on economic demand, taxes and price of crude oil....   [tags: Petroleum, Peak oil, Oil refinery, OPEC]

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World Oil Demand

- World oil demand is increasing as emerging economies need more energy to increase their living standards. Estimates, shown below, are that by 2030, China and India as emerging markets will import over 70% to 90% of their fossil fuel needs (1) . Coupled to a continued high and growing demand for oil, makes this a robust market for the next 30 years. Currently, the conventional approach is to aggressively explore and develop new fields. This has led to a growth in drilling deeper wells and looking to ‘off-shore’ sites for new production of ‘light’ crude....   [tags: Oil]

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Heavy oil transportation: can it be made easier by magnetism?

- Introduction Transportation of heavy crude represents a competitive situation, as it is energy exhaustive and capital intensive. Due to low API gravity (20° to 10°) and high viscosity (200 to 10,000 CP), the flow of oil through pipelines is very difficult. According to Chevron – Phillips, the heaviness of crude oil is due to large proportion of high molecular weight non paraffinic compounds and less percentage of paraffin. Geological origin of heavy crude oil is at the shallower depths and is the result of improper degradation of kerogen via thermal gradient....   [tags: oil industry, cheveron]

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Causes of Rising Global Oil Prices

- Causes of rising global oil prices The oil price volatility is a dominant factor in the global economy world. According to analysts, the war between the U.S. and Iraq had one of the reasons security of the oil business, linked to the influence of this source of energy in all production activities. Crude oil has always been an important element in diversifying portfolio. This benefit has increased further historical diversification in 2009 / 2010. With the U.S. Federal Reserve pumping more money into the system, the price of oil is likely to head higher which can provide improved performance by investors, in addition to reducing the volatility of the portfolio in 2011....   [tags: Government]

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Briefing on the Pipelines Project in British Columbia

- Introduction This briefing is about the Pipelines project. In B.C., there are some pipelines projects, include inter and intra one. The famous one is the Enbridge Northern Gateway Pipelines (NGP). This project is divided into two parts that are the East and the West. In my work, the main topic is the West line-inter pipelines. The Enbridge Northern Gateway Pipelines are proposing to construct and to operate twin pipelines. The total length of these Pipelines is 1177km (731 mi). It is primary transfers the natural gas or the oil from Bruderheim, Alberta to Kitimat, British Columbia and finally exports to Asian market (mostly it is Chinese market oriented), since Alberta has abundant oil and n...   [tags: oil, profits, environment]

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Petroleum Industry Is A Main Energy Industry

- Petroleum industry is a main energy industry. So, petroleum is vital to many industries, and is of importance to the maintenance of industrial civilization in its current configuration, and thus is a critical concern for many nations. Oil accounts for a large percentage of the world’s energy consumption. Oil and gas drive world economies, their prices can alter the economic prospects of entire countries and a single value fluctuation can have a wide-ranging impact on stock markets worldwide. The petroleum industry includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing petroleum products....   [tags: Petroleum, Natural gas, Oil refinery]

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Petroleum: Fossils to Fuel

- Petroleum; or crude oil (‘unprocessed oil’ that is taken from the ground), is a naturally occurring oily, bituminous liquid composed of various organic chemicals called hydrocarbons. Petroleum contains gaseous, liquid and solid elements. The viscosity (the ability of a liquid to flow) of petroleum varies from a liquid as thin as petrol to a liquid so thick that it will barely pour. The number of hydrocarbons present in each petroleum deposit determines the viscosity of the crude oil. Petroleum comes in two forms; liquid and gas....   [tags: Energy]

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Impact of Electric Vehicles

- Today, energy security and global climate change are two major problems affecting people and the environment worldwide (IEA, 2010). These problems are highly integrated with each other and mitigating the global climate change without affecting the energy security is becoming a significant challenge for many governments and policy makers in the twenty-first century (Brown & Sovacool, 2011). According to the U.S. Energy Information Administration’s International Energy Outlook (IEO) 2011 Reference case (EIA, 2011), the world’s total energy consumption is projected to increase by 53 percent from 2008 to 2030....   [tags: Energy ]

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Asprin Experiment on Blackboard

- Aspirin was prepared according to the protocol provided on Blackboard. The three sections to this experiment were 1. Synthesis of Aspirin, 2. Recrystallization of Aspirin, and 3. Characterization of Aspirin. In the first section, the Synthesis of Aspirin, salicylic acid was weight to be 3.029 grams using mass by difference since it was weighed on a 150 milliliter beaker. 9.23 milliliters of the acetic anhydride and 14 drops of 85 percent phosphoric acid were added to this beaker. A Bunsen burner provided by the laboratory was then used to boil the just mixed combination by producing a flame underneath the positioned beaker on top, and then allowed to cool for several minutes after the Bunsen...   [tags: synthesis, recrystallization, characterization]

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The World's Reliance on Fossil Fuels

- Fossil Fuels The day was Black Friday. Around the world people are purchasing goods and services that they may or may not need. Many of these goods created take crude oil to produce. The world needs to change its habits to sustain time in the creation of new alternatives to fossil fuels. In my research I found that crude oil or petroleum will only last approximately thirty to forty more years. That means that the clock is ticking and we must find a solution to this major question facing our world....   [tags: alternative energy, gasoline, oil]

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Supply And Demand of Gasoline

- Supply and Demand: Gasoline I am a husband and a father of four lovely children. We need a large vehicle to haul all of us around town. And of course I would do anything to keep them safe and I always want to provide them with the best. Therefore, after the birth of our fourth child two and a half years ago, my wife and I decided to upgrade our Ford Explorer to a Ford Expedition. We got everything from the side-curtain airbags to the TV and DVD player. What we did not know was we also purchased a rather large unleaded gas bill....   [tags: Economics]

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Introduction of Petroleum

- Introduction of petroleum: Petroleum is otherwise known as crude oil. It occurs naturally beneath the earth. Petroleum is also meaning of rock oil. The term petroleum is a generic name applied to the deposits of oil materials. Petroleum occurs beneath the earth. It is a flammable liquid and mainly composed of various hydrocarbons and its average composition is c 80-87%, H 11-15%, S 0.1-4%, N and O 0.1-0.55. Formation of petroleum Petroleum is evident from chromatographic, spectroscopic and analytical studies that a wide variety of organic and inorganic compounds is present in petroleum....   [tags: Oil]

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The, Major Oil Exporters Fail And Agree On Production Freeze

- ... Besides by the market sentiment, which is the investor’s attitude towards the global oil market, oil prices are heavily influenced by the principle of supply and demand. Supply and demand describes the relationship between the amount of a product a seller is willing to make available to sale at a certain price and the amount of purchasers that are willing to buy the product at a certain price point (“Supply and Demand”, 2016). Excess supply indicates that the price of a given product is set to high....   [tags: Petroleum, OPEC, Peak oil, Saudi Arabia]

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What Are Drilling For Oil?

- ... Most mature and even pubescent fish are much more likely to survive this oil spill, although they can still be affected. When a fish that has been affected by oil has been cooked and consumed by a human, the human has the possibility to get sick. The fish also may taste bad, or even rotten. If humans weren’t dependent on oil, fisherman would never have to worry about work because of an oil spill. Although there are many rules and regulations emplaced are strictly enforced to prevent any incidents in transportation or drilling for oils, human error does take place....   [tags: Petroleum, Natural gas, Oil well, Water]

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How Oil Prices are Established

- How Oil Prices are Established Did you realize that at our current consumption of crude oil and at our current status of known reserves, we have approximately 40 years of reserves remaining. This is a startling fact when we take into account all the products that are produced from refined crude oil or from its by-products. Many people are aware of the price increases they feel at the gas pump, but has anyone ever considered the cost or investment put forth in finding new reserves. Under the right conditions, oil would sometimes seep up to the surface, but in our times, the search for new reserves is more costly and dangerous....   [tags: Oil Energy Renewable Fuel]

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Analyzing And Purify Of Aspirin And Oil

- Discussion 19 The purpose of this experiment was to synthesize and purify of Aspirin and Oil in wintergreen. While determining the purity through analytical techniques. During the first part of the lab the crude sample of acetylsalicylic acid, Aspirin, was synthesized. The synthesis of Aspirin shows a general trend of chemical reactions known as esterification reactions. The compound containing a hydroxyl group reacts with a compound containing a carboxylic acid group, producing an ester molecule and water....   [tags: Aspirin, Carboxylic acid, Salicylic acid]

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Renewable Replacement for the World's Oil

- All over the United States oil is used for vehicles and for other uses. As the world’s oil reserves become depleted it becomes necessary to find a renewable replacement. Such replacements with the ability to make fuel can include coal, and organic materials. Synth Oil Efforts are being made to use and create fuel from renewable resources. Many of these technologies are already developed while others are close to becoming a reality. One technology ready to be implemented in the U.S. is converting coal to oil....   [tags: reserves, organic, synthetic]

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Gulf Oil Crisis

- On April 10, 2011, an oilrig in the Gulf of Mexico exploded. This explosion killed 11 crewmembers and caused the rig to sink to the bottom of the ocean. This caused an estimated 180-185 million gallons of oil to flow into the gulf. It wasn’t until July 15, 2010 until the oil was contained and stopped flowing. The Gulf was virtually covered in crude oil. There were many effects from this spill and many of them were environmental. Animals had to swim through this oil and birds that landed in it were no longer able to fly because of the heavy oil on their wings....   [tags: Oil]

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992 words | (2.8 pages) | Preview

Predict the Price of Oil

- Prices will depend on the amount of supply and demand. After this year, companies are expected to dramatically increase production as new oil projects are introduced to the oil business, coming online with full production capacities. From 2008 to 2013, US crude oil production increased by 2.5 million barrels (EIA “Short Term Energy Outlook”). In fact, the International Energy Agency noted that "U.S. crude oil supply in 2013 registered the fastest absolute annual supply growth of any country in the last two decades, rising 15 percent in 2013." (IEA “Oil Market Report”, 2014)....   [tags: fossil fuel industry]

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America Should Emulate China

- The green revolution. It is no longer just a nostalgic dream of the small amount of supporters, but it is now a necessary step the United States, and the rest of the world, must take in order to stabilize the economy and to furthermore save our natural resource of crude oil. The American dependence on oil is a threat to the economy and also a threat to the security of our nation. Importing crude oil creates a transfer of wealth from oil consumers to oil producers. Due to the fact that the United States has used most of its crude oil supply, we, as a nation, import most all of our crude oil, from Canada and the rest from the Middle East....   [tags: argumentative essay]

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An Extension of the Keystone Pipeline Should Be Approved

- An extension to the current Keystone Pipeline, which transports crude oil from Alberta, Montana, and North Dakota to refineries in Oklahoma, has been proposed. The Keystone XL will create an 875-mile pipeline infrastructure that would allow delivery of up to 830,000 barrels per day (bpd) of crude oil from Alberta, Canada, and the Bakken Shale Formation in the United States to Steele City, Nebraska and onward to Cushing, Oklahoma, and refineries in the Gulf Coast (EIS, 2013). The extension to the current pipeline is estimated to be 3.3 billion in the United States and construction would start in 2015....   [tags: oil pipeline system between Canda and USA]

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The Keystone Xl Pipeline A Solution For The Impending Oil Shortage

- ... Tar-sands extraction requires large amounts of water… and produces ammonia and sludge. Energy (primarily natural gas) is needed to heat the water to separate the bitumen from the sands (NRDC 2011). On average, it takes four tons of bitumen-laden earth to produce one barrel of oil.” (2012). Conventional oil drilling is almost as simple as it sounds; a large drill bit drills into the Earth’s surface, a pipe is placed into the vein of oil, and a large pump sucks it out. Although more simple, crude oil production is limited by location and accessibility of the oil reservoir....   [tags: Petroleum, Natural gas, Greenhouse gas, Methane]

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1138 words | (3.3 pages) | Preview

Lithium Ion Battery: The New “Oil” for Transportation Energy Source

- Lithium Ion Battery: The New “Oil” for Transportation Energy Source The global warming and its effects, which increase the average worldwide temperature, have been discussed by environmentalists extensively over the past few years. They believe that transportation systems, which have been built on an over-reliance of cheap oil, are known to be major causes of global warming. Over ninety percent of transportation medias, such as cars, trucks, ships, and airplanes, have internal combustion engines that are fueled by gasoline or diesel....   [tags: Energy ]

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The Impact and Influence of OPEC on Global Trade

- The selected key concept of the week is OPEC: the Organization of the Petroleum Exporting Countries was formed on September 14, 1960 in Baghdad, Iraq and registered with the United Nations Secretariat on November 6, 1962 ( Organization of the Petroleum Exporting Countries, 2013). OPEC defines themselves as “a permanent intergovernmental organization, currently consisting of 12 oil producing and exporting countries, spread across three continents America, Asia and Africa ( Organization of the Petroleum Exporting Countries, 2013, p....   [tags: Economy, Oil industry]

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908 words | (2.6 pages) | Preview

The Effects of Off-Shore Drilling on Marine Ecosystems

- The environmental impact of the planet is closely related to a problem that arose from the increasing use of Oil: the reduction of emission levels of toxic chemicals and so-called "greenhouse gases", and reducing oxygen levels. Man has caused disasters on ecosystems by killing large number of species of all kinds. Among the most serious disasters that threaten biodiversity are oil spills in the seas and oceans. The contamination by crude oil or refined oil (diesel, gasoline, kerosene and other products obtained by fractional distillation and chemical processing of crude oil) is accidentally or deliberately generated from different sources....   [tags: Environment, Environmental]

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A Modest Proposal For Eliminating The Gas Station

- A modest proposal for eliminating the use, drilling, and selling of crude oil, for any reason whatsoever, to prevent the destruction of all marine life and eventually human life as we know it The automobile has become one of the most powerful machines in our world. It is an integral part of everyone’s life and has helped in accelerating the growth of commerce and industry across all nations. What people don’t realize is that the automobile contains a very dangerous weapon, a weapon that is hidden inside the fuel tank....   [tags: Petroleum, Automobile, Petroleum industry]

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1145 words | (3.3 pages) | Preview

Sustainability of Palm Oil Production in Indonesia

- Sustainability of Palm Oil Production in Indonesia Palm oil is the leading edible vegetable oil by production volume. It is an essential ingredient in the manufacture of a wide variety of products that are used globally every day, such as chocolate, soap, and cosmetics. It is also a common cooking oil in many countries, notably in Asia, and is used in other industries, including livestock and, increasingly, biofuels. Palm oil is produced from the fruit of oil palm tree (Elaeis guineensis). Palm oil can be separated into a various distinct oils with different properties....   [tags: vegetable oil, palm oil, production, economic]

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Karl Marx On Socio Economic Conditions

- ... During mild slavery, the notion of private property was also developed, in which the wealthy had the majority of private property while the slaves had little or no private property. One variety of private property was the ownership of land, in which the slave-owners additionally possessed. Ultimately, the slave owners used their land and slaves as a mean for gaining power in the society in which they lived by trying to produce the most amount of agriculture. . Society eventually began to morph into what Marx called a Feudal Society, which was mostly indicative of the middle ages....   [tags: Capitalism, Karl Marx, Feudalism, Communism]

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U.s. Dependence On Foreign Oil

- ... These results were calculated from two years’ worth of imports that occurred in just two years alone. This graph further shows the U.S. dependence rate and the top contributor of the oil supply. Dependency to import oil from foreign countries can lead to inflation in the economy. Herbstreuth quotes another author who discusses Imported Oil and US National Security, he states that, “Dependency undermines US independence in foreign affairs, forces the US military to protect the global oil supply chain, exposes the economy to the risk of sudden disruptions of oil supply, and causes the outflow of billions of dollars of taxpayers‘ money, a share that ends up in the coffers of terrorist organ...   [tags: Petroleum, Peak oil, Saudi Arabia, Import]

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Gasoline Refinement

- Gasoline Gasoline as we know it today comes from crude oil. Crude oil, which is a fossil fuel, is a nonrenewable (once its gone, its gone for good) fuel source. Fossil fuel is comprised of naturally decaying plants and animals which once lived in oceans and seas millions of years ago. Where we find crude oil deposits we also find ancient oceans and seabeds. When extracted from the earth, crude oil may have colors ranging from clear to jet black and resistance to flow or viscosity from water to a molasses type substance....   [tags: Research Paper Gas Refinement Process]

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1543 words | (4.4 pages) | Preview

Chloroplast Fractionation : Nucleic Acid And Protein Analysis Via Gel Electrophoresis

- Chloroplast fractionation: Nucleic acid and protein analysis via gel electrophoresis ABSTRACT: Chloroplasts carry out photosynthetic processes to meet the metabolic demands of plant cells (Alberts, 2008). They consist of an inner thylakoid membrane and a stroma. (Parent et. al, 2008).In this experiment we demonstrate the unique protein compositions of isolated thylakoid and stromal fractions from broken and whole spinach chloroplasts. Because these compartments carry out different metabolic processes, we confirm our hypothesis that performing SDS-PAGE on these fractions will result in distinct patterns on the gels....   [tags: DNA, Molecular biology, Polymerase chain reaction]

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The New Millennium : Recession From A Position Of Economic Strength

- ... While a responsible government could have foreseen and prepared for such a crisis, President Goodluck Jonathan did very little to stimulate or salvage the faltering economy last year when the incoming crisis could clearly be seen. This political ineptitude has left President Buhari in a losing situation, and has scared away foreign investors, further worsening the crisis ( 2015). Thus, the story of the 1980s is likely doomed to repeat itself and leave the country and its economy worse off....   [tags: Petroleum, OPEC, Peak oil, Nigeria]

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1069 words | (3.1 pages) | Preview

Is Religion Dying? Canada? Or Is It Just Being Replaced?

- ... According to the article the second largest religion in Canada is no religion with 7.8 million people according to the 2011 National Household Survey. Although Christianity is still considered the predominant religion with two thirds of the population, other religions are seeing a large increase. Some of these religions are Muslims, Hindus, Sikhs, and Buddhists. Immigrants of these religions between 2001 to 2011 consisted of 33 percent up from just 2.4 percent prior to 1971. Keeping faith: The changing face of religion in Canada is an online article from CBC News written by Chris Brown....   [tags: Population, Demography, Religion, Islam]

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The Treatment Of Pain And Fever

- ... Other than being a reactant, acetic anhydride performs as the solvent for the reaction. Water is added at the end of the reaction to remove the excess acetic anhydride. Chemical equation: C7H6O3 + C4H6O3 (H_2 SO_4 ) ⃗ C9H8O4 + C2H4O2 The crude aspirin is collected by vacuum filtration and upon doing the melting point determination of the crude aspirin, it is recrystallized. The purified aspirin that is, obtained by the recrystallization of the crude aspirin is measured by melting point determination....   [tags: Aspirin, Salicylic acid, Sulfuric acid]

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Oil Price and Demand

- Oil Price and Demand In Earlier days man needed Food, Air and Water for Survival but with the Advent of Time and Technology another very Important Factor was added to this list that is 'OIL'. The price of oil is of critical importance to today's world economy, given that oil is the largest internationally traded good, both in volume and value terms (creating what some analysts have called a "hydrocarbon economy"). In addition, the prices of energy-intensive goods and services are linked to energy prices, of which oil makes up the single most important share....   [tags: Papers]

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Oil Prices and Economic Growth

- From the middle of twentieth century, due to exceptional importance of the crude oil in the supply of the world's energy demands, it has become one of the major indicators of economic activities of the world. Even after the appearance of alternate forms of energy like solar power, water and wind, the importance of crude oil as the main source of energy still cannot be denied. This sharp increase in the world oil prices and the volatile exchange rates are generally regarded as the factors of discouraging economic growth....   [tags: Economics]

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Oil Production in Indonesia

- ... Throughout World War II, the Japanese exploited Indonesia’s oil reserves and refineries. “With independence following WWII, the oil, oil fields, refineries and supplies seized by the Japanese invasion force were returned to the Indonesian Government, and the new era of Indonesian energy exploration and production began,” according to the Indonesian Petroleum Association. Indonesia’s economic development is in large, dependent on oil and gas production. The State Constitution of 1945 mandated that “all of Indonesia’s land, water and natural resources are controlled by the State and will be utilized for the greatest benefit and welfare of its people.” Pertamina, Indonesia’s largest state-...   [tags: palm oil industry, petroleum]

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Government Subsidies to Correct Externalities

- Government Subsidies to Correct Externalities The provision of energy is riddled with market failures. For instance, the U.S. maintains a military presence in the Middle East at least partly in order to secure energy supplies, but to what extent do U.S. consumers pay for that at the pump. Anecdotally, petrol costs about half in the States what it does in Europe. For another example, short haul flights are often cheaper than train tickets to the same destination, and yet, air travel is about ten times worse for the environment than is rail....   [tags: Alternative Energy Oil Essays Papers]

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Australia The Dissolution Of A Marriage Is Governed By The Family Law Act Of 1975

- In Australia the dissolution of a marriage is governed by the Family Law Act of 1975. This act covers the standard regulations for settling disputes concerning children and property, among other things, when a relationship has broken down. The main addition of the Family Law Act in 1975 was the addition of a no fault divorce. Prior to 1975 a misconduct was required for divorce and some examples of such include are adultery and cruelty. In the cases where it was mutual understanding a fault was required even though there may not have been a guilty party....   [tags: Divorce, Marriage, Alimony, Family]

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1397 words | (4 pages) | Preview

The Effects Of Tar Sands On The World 's Most Controversial Resources

- Tar sands are one of the world’s most controversial resources. They consist of bitumen, a heavy crude oil, and a mixture of sand and clay. Bitumen is an organic matter that is solid at room temperature and when heated it will flow and ooze. Often referred to as oil sands, tar sands are found all over the world. The main locations where these commodities are found are Venezuela and Canada. Alberta, Canada is one of the largest hosts of cretaceous rocks, where oil sands form (Tar Sands Basics, 2012)....   [tags: Petroleum, Oil sands, Athabasca Oil Sands]

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1594 words | (4.6 pages) | Preview

Invention Of The Steam Engine And The Implementation Of Manufacturing Processes

- ... Unlike renewable resources, whereby the world must consume resources only as quickly as they are renewed, oil is non-renewable. Regardless of how much we slow or even halt the consumption of oil, it will never be replenished. It took decades for mankind to understand and recognize it as a legitimate threat to our lives presently and in the future. The world price of oil hit its peak in 1980 at over thirty five U.S. dollars per barrel, and this paired with slowed economic activity cause what is known as the oil glut....   [tags: Peak oil, World energy resources and consumption]

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1503 words | (4.3 pages) | Preview

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