True understanding of cement came from the oil industry over the last hundred-plus years and without cement, there would be no drilling.
Apart from energy, the sectors that will suffer include paper, oil-refining, cement, steel and foundries.
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Without it, the energy boom will flow out of our leaky grid like oil from a bad cement-job.
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However, Rio Tinto shed its holdings in oil, chemicals and cement in the 1980s, and Billiton later followed suit.
Washington (CNN) -- Oil giant BP and contractor Halliburton knew of potential flaws in the cement slurry used to reinforce the oil well below the Deepwater Horizon rig before it exploded in April, according to a letter Thursday from the lead investigator for a federal probe of the Gulf oil disaster.
About 600 industrial facilities will be affected: cement companies, oil refineries and electric power generators.
Yesterday, we learned that a procedure to prevent any more oil from spilling with a cement plug appears to have succeeded.
ANCAP, the oil company, runs a cement works, a whisky distillery and a refinery so inefficient that fuel costs 20% more than it should, according to the finance minister, Isaac Alfie.
Strong FAI is bullish for commodities demand as increased industrial activity and construction gobbles up more cement, iron ore, crude oil and copper.
And following the intersection of the well bore with those relief wells, they will put heavy mud down there to suppress the pressure of the oil coming up from the reservoir, put a cement plug in and effectively do what I would call a bottom kill, as opposed to the top kill, which was not successful a couple of weeks ago.
The civil lawsuit was brought against the UK oil firm - as well as other companies involved in the accident, including rig-owner Transocean and cement-provider Halliburton - by the US Justice of Department and the US states affected by the oil slick.
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The letter from Fred Bartlit Jr. to the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling said that tests in February on a cement slurry similar to what was used on the Macondo well showed instability -- and that both companies had the data.
As in most oil states, Iraq's idea is to channel the crude oil wealth into the creation of refineries, steel mills, agriculture, cement factories, as well as sundry infrastructural programs--schools, hospitals, roads and the like.
If a stable column of mud has been set up in the well, keeping the oil at bay through its sheer weight, the next step would be to set cement in the well and seal it off permanently.
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Bartlit emphasized in his letter Thursday that cementing failures are a known hazard in the oil industry, with specific tests such as a "negative pressure test" and "cement evaluation logs" designed to identify cementing problems.
In fact, Iran has established a financial and business infrastructure with Chavez's consent and encouragement that now includes banks, gold mining, a cement plant, a tractor and bicycle factory, a tuna processing plant and a joint oil venture.
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