Petroleum industry

The Keystone Pipeline is a Legitimate Issue and Should Not Be Approved The controversy surrounding the Keystone XL Pipeline proposal steams from very legitimate concerns. While the issue has attracted support from some parties, it is apparent that many, including environmental activists, civilians and politician have strongly opposed the move, but the big question is, what are the specific reasons is in all this? According to Natural Resource Defense Council, NADR a New York based…

Olive Oil Production as Economic Activity In terms of its sheer impact on society, olive oil was the petroleum of the ancient world. The fruit of the olive tree and its oil provided food, medicine, and lubrication. The production of olive oil was a capital-intensive effort that required long-term planning. In Olive Production and the Roman Economy: The Case for Intensive Growth Empire, Robert Bruce Hitchner argues that the rapid growth of olive production and export suggests that rational…

Crude oil is becoming scarce throughout the world. Due to the heavy reliance on petroleum-based oil in the United States, the conversion from petroleum-based economies to bioenergy sustained economies is of utmost importance. In the United States, corn is considered to be a cheap energy crop and is widely cultivated for ethanol production. In contrast to corn, switchgrass is an easily cultivated plant that can be used for lignocellulosic biomass and ethanol production. Switchgrass (Panicum…

oil industry boom during the Industrial Revolution. However, the wide distribution of oil was available due to one man, John D. Rockefeller. John D. Rockefeller was the founder of the Standard Oil Company, a company that controlled the all oil production, processing, refining, marketing, and transportation in the United States. John D. Rockefeller’s business practices and creation of his Standard Oil Company led his company to become the most…

however, currently still more expensive than fossil fuel (Esmundo & Schilling, 2009, p. 1771). Understanding the economic approach makes good sense because energy is in a financial market and in the end alternate energy must be able to compete with petroleum, coal, and natural gas before it will gain any real traction. It is noteworthy that the analysis conducted by Esmundo & Schilling revealed that research and development investment data has reached the limit of…

further enhances their trade and balance-of-payments deficit (Hou et al., 2015). Conversely, Tanzania has benefited tremendously from lower oil prices, which has allowed the country to recognize foreign capital inflows, growth within a number of vital industries, lower inflation rates, increased disposable income, and dramatic improvements of financial accounts (Hou et al., 2015; Five top offshore oil companies and their future outlook, 2014). However, in addition to the absence of decreased oil…

Fracking for Freedom The United states has been feeling the squeeze for natural resources and domesticated production of products over the last few years. (“Dimick”) With gas prices rising and the threat of pollution in the air the people have been looking for alternative solutions to the problems facing us today. Over the last decade or so a new trend in the way we extract our natural gases has gained popularity. Hydraulic fracturing better known now as “fracking” has become the most…

P&G brought in Polypropylene to replace Polyethylene for the back sheet from the chemical industry. Two American chemists working for Phillips Petroleum of the Netherlands, Paul Hogan and Robert Banks, invented the material in 1950’s. Polypropylene is similar to its ancestor, polyethylene, and shares polyethylene's low cost, but it is much more robust and can be blow moulded. More importantly, it provides a cloth like look and a softer and natural feel that mothers demanded. It provided the…

equipment should be renewed regularly to prevent the occurrence of leaking phenomena due to the aging of equipment. Pipelines should be checked from time to time. Once problems are found, they need to be solved in time. Secondly, the management of petroleum storage and transport links should be strengthened as well. Each employee in the Caltex should take responsibility to avoid the waste of oil and gas resources. Thirdly, with the rapid development of network technology today, Caltex must…

When I were woken up by a 5.8 magnitude earthquake from Pawnee, Oklahoma on last Saturday morning, I just thought I was in a dream. Is Texas near a seismic zone? Again, I heard my cousin, a petroleum engineer, talk about the hydraulic fracturing which causes the frequent earthquakes recently. hydraulic fracturing, or fracking, is widely used by the oil and gas companies in Texas and Oklahoma to produce oil and natural gas. Although hydraulic fracturing technology successfully reduce…