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.

Read more

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”.

Read more

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.

Read more

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.

Read more