HARRISBURG, Pa., Jan. 24, 2013 /PRNewswire-USNewswire/ -- At the direction of Governor Corbett, the Department of Environmental Protection announced today it will undertake a study to look at naturally occurring levels of radioactivity in by-products associated with oil and natural gas development. In the coming weeks, DEP will seek a peer review of its study plan and begin to sample and analyze the naturally occurring radioactivity levels in flowback waters, treatment solids and drill cuttings, as well as associated matters such as the transportation, storage and disposal of drilling wastes.
Of all oil products consumed by the Argentine Air Force (AAF), jet fuel is the resource with highest demand and at the end of the day the most expensive support item procured by the AAF. Accurate predictions of Argentine jet fuel prices are necessary to improve AAF financial and logistics planning. Multiple regression analysis is one such tool that can aid in accurately forecasting the amount required when procuring this valuable commodity. Using this methodology, we develop and illustrate a highly predictive model that has an adjusted R^sup 2^ of 0.98 and an average percentage absolute error of 4%.
As local gas prices rise toward $4 a gallon, more bad news is on the way. Increasing crude oil prices driving up the cost of gasoline also bump up the cost of thousands of other products either made with oil or shipped by it. Everyday items made with oil include everything from the coloring in your toothpaste to shampoo, plastic water bottles, house paint and even golf balls.
Gov. Susana Martnez's nomination of Harrison "Jack" Schmitt to head the New Mexico Energy, Minerals and Natural Resources Department reflects her desire to please out-of-state oil interests who funded her campaign. Schmitt's view that global warming is not mainly caused by human activity serves the interests of oil companies because their products fuel much global warming, according to the vast majority of climate research scientists.
IT HAS BEEN A GOOD YEAR THUS far for Chemical Company of Malaysia Bhd (CCM), driven by strong growth from its fertiliser division. However, will the good times last? With 80% of its fertiliser products driven by the oil palm sector, the health of this sector going forward is crucial to the division and the prospect of the group as a whole. The oil palm sector is now going through challenging times as crude palm oil (CPO) prices are now in a cyclical downturn. However, analysts say that the adverse impact to CCM is still expected to be manageable, given the well-diversified business model of the group. A leading industrial conglomerate
Shell topped expectations in the first quarter and increased estimates for asset sales, while Exxon was hurt by a drop in production of refined products and chemicals. The U.S. oil giant Exxon Mobil on Thursday reported disappointing earnings for the first quarter, saying net profit fell 11 percent from a year earlier because of lower production from its refining and chemical businesses. But Royal Dutch Shell, Europe's biggest oil company, said its earnings rose 15.9 percent in the first quarter because of new projects and a higher oil price. Shell also increased its forecast for asset sales this year.
By using an input-output model, the present paper examines the impacts of increase in the domestic petroleum prices on cost production in the Malaysian agricultural and agro-based sectors. This study simulates the different scenarios of the petroleum price changes on sectoral cost production, which comprises of domestic materials cost, imports and labor. The simulation results indicated that the agricultural sector particularly fishing, forestry and logging products, as well as oil palm primary products industries are mostly affected by the increase of the domestic petroleum price. These industries are significantly affected by domestic petroleum price increase because they consume large amount of petroleum products as intermediate inputs in their production process.
The country's state oil company, PDVSA, already announced its intention to reach a crude oil production level of 5.8 millions barrels a day by 2012 and 7.5 millions barrels by 2020 as well as investing $3 billion to develop its refinery capacity. At a time when countries in Europe are increasingly turning to renewable sources of energy and seeking alternative model of sustainable development to limit the carbon emissions responsible for global warming, it is perhaps necessary for the Latin American "giants" to lead the way and envision new development alternatives.
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