In this introduction, we are going to try to give you the main points that you should know and understand about petroleum in order to fit into the picture Ill! a whole, or to Integrate, the bits and pieces of the information that you pick up from time to time in newspapers, in official reading, and so forth.
With petroleum-related spills, explosions, and health issues in the headlines almost every day, the issue of remediation of petroleum and petroleum products is taking on increasing importance, for the survival of our environment, our planet, and our future. This book is the first of its kind to explore this difficult issue from an engineering and scientific point of view and offer solutions and reasonable courses of action.
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This article endeavors to explain the rationale of vertical integration, to discuss some of the arguments surrounding divestiture,and to describe the consequences of divestiture if S. 2387 becomes law. The following discussion shows that careful examination of the structure and performance of the petroleum industry fails to yield any conclusive evidence of inordinate monopoly power. On the contrary, the economic indicia strongly suggest that at the very least the industry is "workably competitive" at all stages.' Further, the contention that divestiture would strengthen this nation's interests vis-a-vis the Organization of Petroleum Exporting Companies nations has been dispelled. Thus the grounds used publicly to justify divestiture efforts appear to be specious. Unless there is some unperceived rationale for passing such legislation, its enactment would seem to be without reason and without any avowed or discernible benefit to society.
Principal economic characteristics / J. Masseron -- Crude oil supply and demand / J. Masseron -- The economics of crude oil transportation / J. Masseron -- Finished products supply: refining / J. Masseron -- Demand and marketing of petroleum products / F. Bonis-Charancle -- Petrochemicals / J. Cheli -- Natural gas / J.L. Karnik, M. Valais -- Energy and petroleum problems of the future / J. Masseron.
States that vested in the Crown is all petroleum existing in its natural state in strata in Jamaica including the bed and subsoil of its territorial sea, its continental shelf and the exclusive economic zone.
Bronson clearly recounts events from the formation of the alliance between the House of Saud and Muhammad ibn Abd al-Wahhab in 1744 which ultimately conquered the peninsula decades later, to the discovery of oil in Saudi Arabia in 1932 and the subsequent 1933 award of oil drilling rights in the kingdom to an American firm (whom King Abdel Aziz preferred for their distance, straightforwardness and lack of colonial associations or ambitions), to Saudi Arabia's coming of age as a major oil producer in the late 1940s, to the cataclysmic and fateful events of 1979 that led Crown Prince Fahd to tolerate religious extremism more than he might have otherwise-the seizure of the Grand Mosque of Mecca, along with the fall of the Shah of Iran and Soviet invasion of Afghanistan that same year.