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Oil Price Increases Since 2003
From the mid-1980s to September 2003, the inflation adjusted price of a barrel of crude oil on NYMEX was generally under $25/barrel. Then, during 2004, the price rose above $40, and then $60. A series of events led the price to exceed $60 by August 11, 2005, leading to a record-speed hike that reached $75 by the middle of 2006. Prices then dropped back to $60/barrel by the early part of 2007 before rising steeply again to $92/barrel by October 2007, and $99.29/barrel for December futures in New York on November 21, 2007. Throughout the first half of 2008, oil regularly reached record high prices. Prices on June 27, 2008, touched $141.71/barrel, for August delivery in the New York Mercantile Exchange, amid Libya's threat to cut output, and OPEC's president predicted prices may reach $170 by the Northern summer. The highest recorded price per barrel maximum of $147.02 was reached on July 11, 2008. After falling below $100 in the late summer of 2008, prices rose again in late Se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brent Spot Monthly
Brent may refer to: *Brent (name), an English given and surname Place name ;In the United States *Brent, Alabama *Brent, Florida *Brent, Georgia *Brent, Missouri, a ghost town *Brent, Oklahoma ;In the United Kingdom * Brent, Cornwall *Brent Knoll, a hill in Somerset, England *Brent Knoll (village), a village at the foot of the hill *East Brent, another village at the foot of the hill *London Borough of Brent, England **Brent (electoral division), Greater London Council *South Brent, Devon, England ;Elsewhere *Brent, Ontario, a village in Algonquin Provincial Park, Canada *Brent crater, a meteor crater named after the village of Brent, Ontario *Brent oilfield, North Sea In fiction * Brent (Planet of the Apes), Brent (''Planet of the Apes'') * Corey Brent, fictional character on the ITV soap opera ''Coronation Street'' * David Brent, fictional character on the BBC television comedy ''The Office'' * Stefan Brent, fictional character on the ITV soap opera ''Coronation Street'' * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Reserves
An oil is any chemical polarity, nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobe, hydrophobic (does not mix with water) and lipophilicity, lipophilic (mixes with other oils). Oils are usually flammable and surfactant, surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal fats, animal, vegetable oil, vegetable, or petrochemical in origin, and may be Volatility (chemistry), volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Korea
North Korea, officially the Democratic People's Republic of Korea (DPRK), is a country in East Asia. It constitutes the northern half of the Korea, Korean Peninsula and borders China and Russia to the north at the Yalu River, Yalu (Amnok) and Tumen River, Tumen rivers, and South Korea to the south at the Korean Demilitarized Zone, Korean Demilitarized Zone (DMZ). The country's western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. North Korea, like South Korea, claims to be the sole legitimate government of the entire peninsula and List of islands of North Korea, adjacent islands. Pyongyang is the capital and largest city. The Korean Peninsula was first inhabited as early as the Lower Paleolithic period. Its Gojoseon, first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Unified Silla, Silla and Balhae in the late 7th century, Korea was ruled by the G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barrel
A barrel or cask is a hollow cylindrical container with a bulging center, longer than it is wide. They are traditionally made of wooden stave (wood), staves and bound by wooden or metal hoops. The word vat is often used for large containers for liquids, usually alcoholic beverages; a small barrel or cask is known as a keg. Barrels have a variety of uses, including storage of liquids such as water, oil, and alcohol. They are also employed to hold maturing beverages such as wine, Cognac (brandy), cognac, Armagnac (drink), armagnac, sherry, port wine, port, whiskey, beer, arrack, and sake. Other commodities once stored in wooden casks include gunpowder, Salt-cured meat, meat, fish, paint, honey, nails, and tallow. Modern wooden barrels for wine-making are made of English oak (''Quercus robur''), white Oak (wine), oak (''Quercus petraea''), American white oak (''Quercus alba''), more exotic is mizunara oak (''Quercus crispula''), and recently Oregon oak (''Quercus garryana'') ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sectarian Violence In Iraq (2006–08)
Sectarian violence in Iraq refers to the conflict that had developed in the aftermath of the 2003 invasion of Iraq as a result of rising sectarian tensions between the different religious and ethnic groups of Iraq, most notably the conflict between the Shi'ite Muslim majority and the Sunni Muslim minority within the country, which escalated into a full-scale civil war between 2006 until 2008, and had largely ceased following the defeat of ISIS in 2017 during the 2013–2017 war in Iraq. According to most sources, including the CIA's ''World Factbook'', the majority of Iraqis are Shi'i Arab Muslims amounting to around 64% to 69% of the population, whereas Sunni Muslims represent between 32% and 37% of the population. Furthermore, the Sunnis are split ethnically among Arabs, Kurds and Turkmen. Historical background Before the creation of the Iraqi state, Iraq's territory belonged to the Ottoman Empire and was divided up into three vilayets (provinces): Baghdad Vilayet (1869� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gasoline
Gasoline ( North American English) or petrol ( Commonwealth English) is a petrochemical product characterized as a transparent, yellowish, and flammable liquid normally used as a fuel for spark-ignited internal combustion engines. When formulated as a fuel for engines, gasoline is chemically composed of organic compounds derived from the fractional distillation of petroleum and later chemically enhanced with gasoline additives. It is a high-volume profitable product produced in crude oil refineries. The ability of a particular gasoline blend to resist premature ignition (which causes knocking and reduces efficiency in reciprocating engines) is measured by its octane rating. Tetraethyl lead was once widely used to increase the octane rating but is not used in modern automotive gasoline due to the health hazard. Aviation, off-road motor vehicles, and racing car engines still use leaded gasolines. Other substances are frequently added to gasoline to improve chemical st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hurricane Katrina
Hurricane Katrina was a powerful, devastating and historic tropical cyclone that caused 1,392 fatalities and damages estimated at $125 billion in late August 2005, particularly in the city of New Orleans and its surrounding area. It is tied with Hurricane Harvey as being the List of the costliest tropical cyclones, costliest tropical cyclone in the Atlantic basin. Katrina was the twelfth tropical cyclone, the fifth hurricane, and the third major hurricane of the 2005 Atlantic hurricane season. It was also the fourth-most intense Atlantic hurricane to make landfall in the contiguous United States, gauged by barometric pressure. Katrina formed on August 23, 2005, with the merger of a tropical wave and the remnants of a tropical depression. After briefly weakening to a Tropical cyclone, tropical storm over south Florida, Katrina entered the Gulf of Mexico on August 26 and Rapid intensification, rapidly intensified to a Saffir–Simpson scale, Category 5 hurricane befo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum
Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refining, refined crude oil. Petroleum is a fossil fuel formed over millions of years from anaerobic decay of organic materials from buried prehistoric life, prehistoric organisms, particularly planktons and algae, and 70% of the world's oil deposits were formed during the Mesozoic. Conventional reserves of petroleum are primarily recovered by oil drilling, drilling, which is done after a study of the relevant structural geology, sedimentary basin analysis, analysis of the sedimentary basin, and reservoir characterization, characterization of the petroleum reservoir. There are also unconventional (oil & gas) reservoir, unconventional reserves such as oil sands and oil sh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gas Prices, July 2006, San Francisco, California 01
Gas is a state of matter that has neither a fixed volume nor a fixed shape and is a compressible fluid. A ''pure gas'' is made up of individual atoms (e.g. a noble gas like neon) or molecules of either a single type of atom ( elements such as oxygen) or from different atoms ( compounds such as carbon dioxide). A ''gas mixture'', such as air, contains a variety of pure gases. What distinguishes gases from liquids and solids is the vast separation of the individual gas particles. This separation can make some gases invisible to the human observer. The gaseous state of matter occurs between the liquid and plasma states, the latter of which provides the upper-temperature boundary for gases. Bounding the lower end of the temperature scale lie degenerative quantum gases which are gaining increasing attention. High-density atomic gases super-cooled to very low temperatures are classified by their statistical behavior as either Bose gases or Fermi gases. For a comprehensive listing of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mitigation Of Peak Oil
Fossil fuel phase-out is the proposed gradual global reduction of the use and production of fossil fuels to zero, to reduce air pollution, limit climate change, and strengthen energy independence. It is part of the ongoing renewable energy transition. Many countries are shutting down coal-fired power stations, and fossil-fuelled electricity generation is thought to have peaked. But electricity generation is not moving off coal fast enough to meet climate goals. Many countries have set dates to stop selling petrol and diesel cars and trucks, but a timetable to stop burning fossil gas has not yet been agreed. Current efforts in fossil fuel phase-out involve replacing fossil fuels with sustainable energy sources in sectors such as transport and heating. Alternatives to fossil fuels include electrification, green hydrogen and biofuel. Phase-out policies include both demand-side and supply-side measures. Whereas demand-side approaches seek to reduce fossil-fuel consumption, supp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cantarell Field
Cantarell Field or Cantarell Complex is an aging supergiant offshore oil field in Mexico. It was discovered in 1976 after oil stains were noticed by a fisherman, Rudesindo Cantarell Jimenez, in 1972. It was placed on nitrogen injection in 2000, and production peaked at in 2004. In terms of cumulative production to date, it was the largest oil field in Mexico, and one of the largest in the world. However, production has declined since 2004, falling to in 2022. In 2009 it was superseded by Ku-Maloob-Zaap as Mexico's largest oil field. Location Cantarell is located offshore in the Bay of Campeche. This complex comprises four major fields: Akal (by far the largest), Nohoch, Chac and Kutz. The reservoirs are formed from carbonate breccia of Late Cretaceous age, the rubble from the asteroid impact that created the Chicxulub Crater. The recently discovered Sihil field (1-15,000 million barrels) contains light oil in Jurassic strata below the other reservoirs and is generally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enhanced Oil Recovery
Enhanced oil recovery (abbreviated EOR), also called tertiary recovery, is the extraction of crude oil from an oil field that cannot be extracted after primary and secondary recovery methods have been completely exhausted. Whereas primary and secondary recovery techniques rely on the pressure differential between the surface and the underground well, enhanced oil recovery functions by altering the physical or chemical properties of the oil itself in order to make it easier to extract. When EOR is used, 30% to 60% or more of a reservoir's oil can be extracted, compared to 20% to 40% using only Extraction of petroleum#Primary recovery, primary and Extraction of petroleum#Secondary recovery, secondary recovery. There are four main EOR techniques: carbon dioxide (CO2) injection, gas injection, thermal EOR, and chemical EOR. More advanced, speculative EOR techniques are sometimes called quaternary recovery. Carbon dioxide injection, known as CO2-EOR, is the most common method. In thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
