Peak oil

help further company profits. The team reviewed all aspects within the corporation by analyzing their strengths and weaknesses as well as analyzing outside variables such as: opportunities and threats. ExxonMobil is the strongest standing Gas and Oil Company. The corporation has grown to become one of the highest-ranking within the industry. XOM has proven to value research & development (R&D). The company takes pride in their operational management system as well as their employees. They have…

4.2.4 Effect of Feed flow rate (Fgr) on Product Distribution An increase in the flow of gas oil means an increase in the velocity of the gas oil feed, also a decrease in the residence time of the gas oil in the riser; hence a rise in the conversion of gas oil and yields of the products is expected(Akpa et al. 2010). When the flow rate of gas oil is increased, there is an increase in the heat inflow into the reactor, rate of cracking reactions are high, feed also spends less time in the reactor…

Mineral resources is a concentration of naturally occurring solid, liquid, or gaseous material in or on the earth’s crust that can be extracted and processed into useful materials at an affordable cost. Mineral resources are essential to support sustainable economic growth and our quality of life. Therefore, it is important to have sufficient supply of materials to provide for infrastructure, buildings, energy and goods. However, since mineral resources are nonrenewable natural resource, and…

Energy is one of the most fundamental thing in all kind of life on earth. It allows people to travel across the globe, it provides electricity to our homes, it is critical to almost all the basic human activities. This fact makes the energy sector one of the most important sectors that gives input to many other sectors (Bozkurt, 2010). As a matter of fact, electricity changes the way people live and see the world and without it everything would be different. Apart from that, economical…

Introduction: Energy is an important factor for development of country’s economy and for most part this energy is produced from non-renewable sources. For transforming from conventional to green energy some strategies and policies have to be implemented, proper framework must be employed such that the existing constraints and barriers for renewable energy technologies are reduced. It is necessary to create conditions for increased investments in a transition to green economy. Pursuing clean…

Demand Side Management in Microgrids For some time now, there has been growing concern about the continuous consumption of fossil fuels, coupled with issues of environmental depletion and low energy efficiency for electricity power generation and use. This has increased the use of alternative energy resources (wind, biomass, solar and hydro systems) in forms of distributed energy resources (DERs) or distributed generators (DGs) [1]. However, these distributed generators come with safe and…

The basis of any emerging market is the current GDP growth and the expected growth it will achieve during the next decade. Countries want to be an emerging market because it is a sign of economic growth and prosperity. This promotes investment and further growth of the country, which can work to fix current national issues. Many emerging markets are littered with corruption, unfair labor standards, and further issues that, if left unchecked, can stop a country from ever having an established…

The economy of Colombia is based on natural resources, primarily coal and crude oil. Colombia has a gross domestic product (GDP) at the official exchange rate of roughly $274.2 billion US dollars. As a commodity-based economy, there is a direct correlation between Colombia’s GDP and fluctuating coal and oil prices worldwide. Although this connection may seem to negatively impact their GDP, Colombia is an economically stable country when compared…

Petroleum Act was passed in 1973. It was in response to the crude oil and petroleum crisis. This action was taken by President Richard Nixon. It states that the President has the promulgate regulation to distribute and control price of petroleum products. This was big in the oil crisis because we were running out of oil and no one could get it. If it weren’t for President Nixon our country could have been in deep trouble with no oil or petroleum products . This means that people couldn’t fuel up…

As the prices for oil become more expensive, people are going to want a new alternative source of energy. Thus causing more people to want 2 solar energy and the price going down. Although useful, it is believed that solar power is not the source of energy that should be…