Even when energy prices dip, as has happened lately, the cost to transport and process oil and gas doesn't waver.
Of course, no one's going to process oil shale in a kitchen.
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Compounding the risk, as well as the potential reward, Horizon will process the oil sands all by itself.
The Sunoco plant can process more oil than the Sinclair one, 85, 000 bpd, and it also makes specialty lubricants.
China is rapidly expanding its coal and natural gas generating capacity and will accelerate the process if oil prices remain high, Littell says.
They care about the environment, so they collect and process using cooking oil from local restaurants to power some of their equipment.
Armed with a degree in chemical engineering, Fred invented a more efficient process for refining oil and built a prosperous company that Charles took over in the 1960s.
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Historically, gasoline has cost more than diesel, which is a byproduct of the oil refining process.
Petroleum coke is the solid black gunk left over at the end of the oil refining process.
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As background, hydraulic fracturing is a multi-step process commonly used in oil and natural gas drilling to bolster eventual production from wells.
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The Prime Minister Jorge Del Castillo was implicated in the recordings as someone who could help facilitate the oil bidding process in Discover's favor.
Koch, the son of a Dutch immigrant who ran a newspaper in northern Texas, developed a more efficient process for converting crude oil into gasoline.
Meanwhile, Kior last month said it received EPA approval for a drop-in replacement fuel from wood chips using a pyrolysis process adopted from the oil refining business.
Under the process of fracking, oil or gas is extracted from shale rock by pumping a mixture of sand, water and chemicals into the rock at high pressure.
As of March 25, there were 1, 738 rigs preparing for, or in the process of, drilling new oil and gas well across the country.
The NRDA process, authorized by the Oil Pollution Act of 1990, only funds environmental-restoration projects and uses scientific research to assess spill damage and decide how to fix it.
The result, if all goes well, will be a mixture of hydrocarbons that can be fed into the stage of the oil-refining process just before petrol and diesel emerge from the stills, and at a price that competes with the equivalent chemical mixture produced by traditional methods.
Gasoline prices often rise and fall with crude oil prices, and so complex refineries that can process lower priced crude feedstock typically see their margins improve during rising oil prices.
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He argued that an expanded investment is needed to lay the foundation for long-term economic growth, cut dependence on foreign oil and slow the process of global warming.
Understand that what got -- what happened in this incident, on the Deepwater Horizon, was after the drilling reached the reservoir of oil, in the process of capping that well.
If the price of oil stays high enough, if the retorting process can be made cheap enough, and if environmental concerns can be satisfied, there's a lot of oil to be had here.
Refineries are generally built with a particular type of crude oil in mind and cannot process other types.
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There is, however, one new element to the fracking process that is not encountered in traditional oil and gas drilling.
Another restraint on producing large quantities of algae is that its cell walls are difficult to break, making extraction of the oil inside an energy intensive process.
Petrobras was forced to import crude and gasoline in the quarter, as its refining capacity allowed it to process 1.886 million barrels of oil per day, while they sold 2.2 million.
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"Everybody comes out here and says, 'Hey, you're full of it, ' and then they see me do it, " says Rivera, who in the 1990s promoted a similar process for turning used tires into fuel oil.
There certainly will be opportunities for, as that moves forward, for the Department of Interior to examine the evidence that comes back either from the engineers or the oil commission and update that process as we go along.
Still others would include requiring every car sold in America to be a Flexible Fuel Vehicle, enabling them to run on ethanol, methanol, or gasoline (or a combination thereof), beginning at last the process of weaning this country from its oil addiction that so benefits our enemies in OPEC.
At the moment it comes from natural gas, oil or coal, in a process that spits out carbon dioxide.
The recycling process involved several steps including the removal of oil and wastewater from the collected booms, preparing the plastics for die-mold production and ultimately creating the components.
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