Price of petroleum

corrupted Shar'ah law and the Shi'ah Islamic sect. They control 2/3rd of Syria's petroleum pockets. Using this oil, they act as a broker to small and privately owned refineries. The US has bombed the majority of these refineries, but they continue to dictate the oil economies of the world. ISIS makes money off their pillaged land to fund their caliphate by controlling the Middle East under Allah. They skyrocket the price of oils since the majority of the world's remaining oil is in the Middle…

powerful, and extended the company was, the company was known as the “The Octopus;” she also described how clever Rockefeller was in expanding his company’s power and influence by negotiating with railroad companies, which reduced his oil’s shipping price (Hillstrom 53). The company was like no other, it had complete dominance all over America; other oil refineries could not compete against the Standard Oil Company. Therefore, Rockefeller had joined the South Improvement Company (SIC) in 1872,…

Fracking, also known as hydraulic fracturing, is a type of drilling that uses water, sand and chemicals, shot at high pressure, to release energy resources trapped inside rocks. This recently new technology for drilling allows areas that were previously inaccessible for drilling, like very concentrated rocky areas, to now be opened up through fracking to obtain natural gases and oil. The water solution used with this drilling technique produces almost the same amount of “sludge” as an after…

In 1830, after the collapse of Grand Colombia Venezuela along with Ecuador and Colombia were formed. Venezuela is located on the northern coast of South America. It has an area of 352,144 square miles and is bordered by Guyana to the East, Brazil to the South, Colombia to the West, and the Atlantic Ocean and Caribbean Sea to the north. Venezuela is divided into four major environmental regions the coastal zone, the Andean mountain range, the plains, and the Guiana Highlands. The capital…

Proven oil reserves are those with a 90% chance of extracting oil. Furthermore, 76% of commercial energy is extracted from fossil fuels such as natural gas, oil, and coal while the rest comes from renewable sources. According the Organization of Petroleum Exporting Countries 1.5 trillion barrels of oil are available as of 2014 based on proven oil reserves. These calculations are repeatedly revised and disputed by organizations because there may be reserves that cannot be taken into…

The oil and gas market shares are the most expensive and are in highest demand of any consumer product. The demand is sourced not only in the private sector but by the general consumer like you and I. Oil and Gas is unprecedentedly the unchallenged provider of energy resources with natural resourced energy far behind. What we purchase, how we purchase, where and when we purchase and in how much amount we buy depends on our awareness, self-concept, social and cultural background along with many…

starting with holding workshops and lecture series on university campuses. This will require building relationships and networking with universities such as the American University of Iraq, University of Tehran in Iran and the King Fahd University of Petroleum & Minerals in Saudi…

to foreign countries; many of which are in hostile territory or have unstable political or economic environments. The U.S. Energy Information Administration stated, “In 2015, the United States imported approximately 9.4 million barrels per day of petroleum from about 82 countries” Among these countries is Saudi Arabia, a country known for its Sunni Islam ways of harsh public punishments and its restrictions on women’s role in society. As the U.S. makes deals with foreign countries, these…

Halliburton Loophole is an exemption from existing rules and allows companies to inject petroleum-based chemicals into the ground without obtaining a permit and without a disclosure list for these chemicals. This lack…

components are known and are accessible to the public through the website fracfocus.org, which organizes most of fracking fluids components into files that are accessed by a user typing in a location to view the nearest wellsite’s formula, with exceptions to the chemicals label “trade secret.” The most important component of fracking fluid is water, which makes up most of the composition of fracking fluid. Water is the most important part of fracking fluid, because it is the component that…