Two of six terminals are badly wrecked, and old oil reservoirs have lost pressure.
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Others say the cause could be old coal mines or old oil and gas wells that date back to the 1800s.
Acquired a decade ago by the New York City hedge fund Elliott Associates, Prime has an old oil hand at the helm.
The mere expectation of U.S. LNG exports is creating huge problems for producer states trying to stick to the old oil pricing formulas in Asia.
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The solar steam is being injected into wells to make it easier to extract heavy crude from a 120-year-old oil field in the Central Valley town of Coalinga.
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California, where cities like Los Angeles are pockmarked with old oil wells, is drawing up new fracking regulations, while New York state has a moratorium on fracking while the government revises its regulations.
Taking place every Monday at Ciudad Cultural Konex, an old oil factory, the show starts at 7 pm and costs 40 Argentinean pesos if you book in advance and 50 Argentinean pesos on the door.
The idea is to capture the carbon dioxide emissions from burning the coal for power, then piping the CO2 around to be injected into old oil fields to coax out more stubborn crude.
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"I got some old oil from a mechanic's shop and went to this stagnant pond I knew and put in a quart and threw the material on it and it bonded immediately, " says Cox, 52.
America may find it has to promise that the new Iraq will honour those debts and that, even if old oil contracts are not honoured, opponents of the war will not be excluded from new contracts.
Last year, Senegal's voters ousted President Abdoulaye Wade, a French-educated democrat, married to a French woman, in favor of Macky Sall, a 51-year old oil geologist who owns a house in Houston and speaks English with a Texas drawl.
"Here we have power steering fluid, some diesel oil and some dirty old crankcase oil, " he says, creating a mess on a paper plate.
Initially, the company raised money to buy old declining oil fields that others no longer wanted with a focus on oil properties.
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Instead of secret bank accounts, entire secret banks: offshore data havens tucked into satellites or old dead oil rigs or blast-proofed caves outside Kandahar.
Valiantly presiding over the Chicago-based parent of United Airlines is Glenn Tilton, a 54-year-old former oil executive who took the chief executive job in September.
The 57-year-old former oil industry executive, who was enthroned two weeks ago at Canterbury Cathedral, also talked about coping after the death of the eldest of his six children.
Using research from the Ohio labs of the old Standard Oil of Ohio (Sohio), now a division of BP, Lee has a solid oxide cell that can be configured to run on natural gas, soy oil or farm wastes.
Up to a point, lavish capital outlays like these can make up for a shortage of old-fashioned oil wells.
Nonsense, argues Peter Odell, a grand old man of oil forecasting who proved wrong the pessimists of the 1970s.
He was seen as a old-school oil man, happier having a beer with rig workers than, like Lord Browne, drinking fine wine with prime ministers and presidents.
Indeed, the division with the highest return on investment in the Kinder empire (26% in 2011) provides carbon dioxide for oil companies and itself to inject into old fields to goose out stubborn oil.
Mr Walmsley, the bishop's old boss at Enterprise Oil, describes that decision from his own perspective.
The centrepiece of the new Iraq, as with the old, is the oil industry.
Why has this nearly three-decades-old trend suddenly sent oil prices hurtling upward in the past 15 months?
Rick Pfeiffer, a 58-year-old CEO of an oil-field equipment-services company, has lived in Mumbai, Singapore and Darien, Conn.
Ramming water into an old oilfield to push oil out, a technique that goes back to the late 19th century, is a common Encore exploit.
Lois was a 28-year-old secretary for an oil company executive.
Plus, the proportion of the super rich with fortunes made in oil and old-world industries will continue to shrink while those with fortunes from the knowledge economy will continue to grow.
"I thought the firm had a very good shot under Corzine, but clearly he went overboard, " said Mike Fitzpatrick, a 59-year-old former crude-oil trader at MF Global who left shortly after Mr. Corzine's arrival because he didn't want to take more risks.
Unilever keeps buying its palm oil the same old way: sometimes without any clue where it came from.
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