About Petroleum Products

Crude Oil BarrelsPetroleum (from Greek: petra: “rock” and oleum: “oil”) is a naturally occurring, yellow-black liquid found in geological formations beneath the Earth’s surface, which is commonly refined into various types of fuels. Components of petroleum are separated using a technique called fractional distillation.

It consists of hydrocarbons of various molecular weights and other organic compounds. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that are made up of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock and subjected to both intense heat and pressure.

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U S May Join Opec. 1/4 Of World’s Untapped Oil Reserves In Artic

Crude Oil ReservesRecent exploration of sediment deep beneath the Artic Ocean has led geologists to estimate that approximately 1/4 of the world’s untapped oil and gas reserves are located there. After evaluating the impact of the news, the U. S. may seek membership in OPEC.

President Bush, smiling and joking with King Abdullah of Saudi Arabia at a press briefing in Nome, Alaska, stated, “Since it looks like we’ve got about as much oil off Alaska as our good friend the King here has in the Saudi desert, it seems like a pretty good idea for America to consider membership in OPEC. The least you can say is, maybe then we’ll have more influence on prices at the pump”.

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Achieving Success In Oil And Natural Gas Investing

Natural GasInvestments in oil & gas private placements, or direct participation projects should only be made by investors who understand, or learn how to implement a deliberate plan to minimise risk, while clearly understanding a likely, and reasonable risk/reward ratio…investors need to accept the over-all risk they must take to achieve the upside necessary to justify taking the risk in the first place.

Investing in oil & gas projects usually takes a check-list approach in my view. Investors should realize that almost all oil & gas development operations involve technical challenges. Deals take time to develop and come to fruition, actually, often up to two years before significant pay-back of capital is possible.

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Specialty Motor Oil Protects Cars From Ethanol

Motor OilSince President Bush announced an agenda for weaning the country from dependency on foreign oil, new ethanol plants have been popping up across the nation.

Ethanol demand is rising. If you fuel your car in the U.S., you are putting ethanol in your gas tank because regular gasoline now contains at least 10 percent ethanol. And many gas stations are replacing their mid-grade gasoline with E85, which is 85 percent ethanol.

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Grease And Oil On Your Car’s Interior

Grease And OilWe all know the properties of oil and grease. They can really stick on anything and could become quite a mess. They are very slick and oily. Aside from these, they could prove to be quite a challenge to remove.

Much as you keep your car’s interior immaculate and clean, accidents do happen. You could step on oil or grease that may have leaked from other vehicles. And when you do, you could bring it in your car’s cabin without you knowing it. Well, only until you notice that oil or grease stain on your carpet – or even on the fabrics in your car. Too bad.

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The seeming lockstep price of Crude Oil and the Morgan Stanley Capital International

Price of Crude OilThe seeming lockstep price of Crude Oil and the Morgan Stanley Capital International EAFE based TSP 401k.

A friend of mine at work got into the I fund (based on the Morgan Stanley Capital International EAFE) at the right time and rode it to some great profits. He said that as oil prices rose so did the I fund. Being a curious fellow I decided to take a look and an interesting pattern appeared.

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Where Did All the Oil Drilling Equipment and Well Service Equipment Go?

Oil Drilling EquipmentThe well drilling and servicing businesses have been very prosperous the last few years. The industry, although, has been marked by an extreme cyclical past that discouraged capital investment. It doesn’t feel too good to have a multi-million dollar piece of equipment collecting weeds somewhere in a field. When oil began to rise a few years ago, demand for drilling came back and rotary giants came back. The interesting thing is that although equipment can come and go, what about people?

Many people who in the late 70’s or early 80’s had done well in the oil business saw there returns diminish over the next two decades. Talented people tend to be able to switch gears, therefore, many of them moved on to more profitable endeavors. The average family oil business struggled for many years as oil prices languished. Funny, I don’t recall hearing such outrage from politicians as has been witnessed lately. For the people that stuck it out and invested when times were bad, they are now reaping the benefits of the flip side… to punish them for risk taking is un-american.

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U.S. Ends Oil Dependency: Turns B.S. Into Fuel

US Oil DependencyWhile America is experiencing a gasoline shortage, the nation’s dependence on foreign oil is about to end.

A researcher at The Department of Energy, from which breakthrough ideas emanate on a regular basis, noticed that Americans, along with most people who ever lived, have a virtually unlimited and renewable supply of B. S. He wondered if it might be turned into fuel.

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Credit Cards From Oil Companies Are No Bargain

Oil CompaniesThe number of consumers with oil company credit cards, good for gasoline purchases, has increased dramatically during the last ten years. The two main reasons for this growth are the general easing of qualifications for such cards and the growth of pay at the pump. It is simply much easier and faster to buy gasoline if all you have to do is stick a card in the pump, get your gas and drive away. Many Americans are all too happy to apply for another credit card if it means avoiding lines inside the gas station.

Gasoline is a recurring expense for most people. Anyone who drives to work each day will probably find that his or her gasoline expenses are about the same each month. Given that the monthly use is the same, gasoline purchases can be viewed in much the same way as a cable TV bill or an electrical bill. It is something that should be paid, in full, each and every month. If the bill isn’t paid in full this month, it will only get larger next month. So paying promptly, and in full, makes a lot of sense.

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Oil Production May Be At Its Peak, Experts Say

Oil ProductionAnyone who has recently visited a gas station has felt the pinch of the impending oil crisis by having to pay more than $3 per gallon for gas. While most people understand that we are facing a worldwide shortage of one of our most precious commodities, the reasons behind the deficiency remain somewhat vague.

According to Mammoth Resource Partners, Inc., a Kentucky-based oil and gas exploration company, major media coverage has largely ignored the underlying reasons for the relentless march toward ever-higher oil and natural gas prices.

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