– Suite 804 – 1220 N. Market Street- Wilmington, DE 19801-USA
To make money is an art, to work is
an art, a good transaction is the maximum of all the arts. (Andy Warhol)
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– Suite 804 – 1220 N. Market Street- Wilmington, DE 19801-USA
To make money is an art, to work is
an art, a good transaction is the maximum of all the arts. (Andy Warhol) |
|
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Petroleum (Latin Petroleum f. Latin petra - stone + Latin oleum - oil) or crude oil is a naturally occurring, flammable liquid found in rock formations in the Earth consisting of a complex mixture of hydrocarbons of various molecular weights, plus other organic compounds. It is usually black or dark brown (although it may be yellowish or even greenish). In the reservoir it is usually found in association with natural gas, which being lighter forms a gas cap over the petroleum. Crude oil may also be found in semi-solid form mixed with sand, as in the Athabasca oil sands in Canada, where it may be referred to as crude bitumen. Petroleum is used mostly, by volume, for producing fuel oil and gasoline (petrol), both important "primary energy" sources.[2] 84% by volume of the hydrocarbons present in petroleum is converted into energy-rich fuels (petroleum-based fuels), including gasoline, diesel, jet, heating, and other fuel oils, and liquefied petroleum gas. Petroleum is found in porous rock formations in the upper strata of some areas of the Earth's crust. There is also petroleum in oil sands (tar sands). Known reserves of petroleum are typically estimated at around 140 km³ (1.2 trillion barrels) without oil sands,[4] or 440 km³ (3.74 trillion barrels) with oil sands.[5] However, oil production from oil sands is currently severely limited. Consumption is currently around 84 million barrels per day, or 3.6 km³ per year. Because the energy return over energy invested (EROEI) ratio of oil is constantly falling as petroleum recovery gets more difficult, recoverable oil reserves are significantly less than total oil-in-place. At current consumption levels, and assuming that oil will be consumed only from reservoirs, known recoverable reserves would be gone around 2039, potentially leading to a global energy crisis. However, there are factors which may extend or reduce this estimate, including the rapidly increasing demand for petroleum in China, India, and other developing nations; new discoveries; energy conservation and use of alternative energy sources; and new econonomically viable exploitation of non-conventional oil sources. These information are from: http://en.wikipedia.org/wiki/Crude_oil
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[LNG][D2][Mazut][JP54][Crude Oil][Palm Oil]
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